Another top up17 Dec '21
Yet another top up offer! I took the last one and whilst I love Amati it's definitely been a tough 4 months since then. First was the dive of Polarean, then it was Frontier Developments. Other stock which have done incredibly over the last 5 years have also pulled back less spectacularly, namely Maxcyte, Leaning Technologies and Tristel. Annoying there haven't been many huge winners to offset these, Water Intelligence has still had an incredible year but the gains have petered out too in recent months.
I shouldn't be too surprised or disappointed, many of these companies have done incredibly well in the longer term. More disappointing is the under-performance vs the wider AIM market which has largely held up.
So maybe this new offer is tempting, getting in to Amati at the 180p rather than the 210 mark it was a few months back. Let's see where we are in February. I went in pretty hard with the last top up so can't put too much more in this tax year. Always nervous investing in VCTs too early in the tax year, if for whatever reason I lost my job I would not be able to use the tax benefits so don't really want to go hard on 2022/23 just yet, even this is allowed in the new top up offer.
I was planning on selling some old Amati shares which have had the 5 year mark expire, but doing so would prevent me taking up this offer due to the 6 month rule.