Br.smaller Cos. Share Price (BSV)

I know this has a fairly static valuation pending any NAV update - but price doesn't seem to have changes since early December. Seems a bit odd. Also doesn't appear to be picked up in my yahoo finance - so shows as a 100% gain every day which is annoying!

Anyone else got any issues?

There is a detailed report on British Smaller Companies VCT's recent AGM which can be found in our members area here: https://www.sharesoc.org/agm-reports/british-smaller-companies-vct-agm-2020/

To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: https://www.sharesoc.org/membership/

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: https://www.sharesoc.org/contact-us/

@doze. Again I have to agree to certain extent. This all is the story we are fed with, and it is partly true. We live in hopes that the managers find the new ARM or Microsoft but unfortunately rarely do and iven if they do its gain is submerged by duds and fees. Even though am dissatisfied have to confess agree that the up front tax rebate and tax free income kindly given by our friends HMRC is a good incentive to invest nevertheless, with the knowledge that a proportion of our capital is helping new industry in UK. However I think it is a convenient strategy by the managers to charge the fees high enough to make them very rich, leaving only just enough for the investors to keep them "on-board". Particularly important now we are coming to Brexit to perhaps look at this kind of practice again and if proved wrong address the problems. Am surprised there are so few complaints like this, as am sure many others are aware they are being grossly over-charged. It all seems like a cosy cartel.

You are largely correct but I think underestimate the exciting low cap area in which they operate and the tax rebate is essentially a gift helping fund the inevitable failures, as you point out, it is immediately discounted in the sale price in open market. To participate in low cap with big potential,diversified, is reasonably low risk and the managers keep you informed on the companies in believable fashion info you don't get from other investments.

@doze. Agree with you, better than bank deposit but only because of multiple tax relief, at much higher risk. Up front tax relief disappears in the discount if sold before wind-up and any capital gains in high fees.. I find it a convenient excuse from VCT managers that they charge high annual fees plus 20% performance fee for only doing their job which they would do anyway when managing small Co. trust or private equity trust. Am not convinced that VCTs are not a gravy train for the aready overpaid retail fund management Companies, at investors expense.