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Pin to quick picksOctopus T.vct Share News (OTV2)

Share Price Information for Octopus T.vct (OTV2)

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Octopus Titan VCT is an Investment Trust

To invest in a portfolio of unquoted companies with a focus on the environmental, technology media telecoms, consumer lifestyle and wellbeing sectors to provide shareholders with tax-free dividends and long-term capital growth.

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EARNINGS SUMMARY: hVIVO sees 30% revenue growth; Next 15 lifts payout

Tue, 25th Apr 2023 14:39

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Octopus Titan VCT PLC - London-based venture capital trust - NAV per share at December 31 76.9 pence, down from 105.7p a year ago, reflecting "the difficult global macro environment we have faced in the last year and follows a record year in 2021". NAV total return negative 23%, swinging from positive 20.3% the year prior. Declares dividend of 3.0p per share, unchanged from 2021. Says it is well-placed to navigate short-term uncertainty, and is confident in its long-term outlook.

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Next 15 Group PLC - London-based digital marketing firm - Revenue for 2022 GBP720.5 million, up 53% from GBP470.1 million in 2021, boosted by acquisitions. Pretax profit is GBP10.1 million, swinging from a pretax loss of GBP80.1 million a year ago. Declares final dividend of 10.1p per share, an increase of 20% on 2021, bringing the total dividend to 14.6p per share, up from 8.4p. Says it is confident in meeting full-year expectations, having seen a strong start in 2023. Chief Executive Tim Dyson says: "Looking ahead, our positive trading has continued into our new financial year with good levels of activity across all four parts of the business. We have continued to see strong levels of spend from all of our major customers. In addition, our work with the public sector has remained strong and is anticipated to grow in the current year. We therefore expect our results for the full year to be in line with management expectations."

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Avacta Group PLC - life sciences company, developing targeted oncology drugs and diagnostics - Pretax loss in 2022 is GBP41.6 million, widening from GBP29.2 million a year ago. Revenue totals GBP9.7 million, tripling from GBP2.9 million. Loss per share widens to 15.35p, from 10.55p in 2021. Declares no dividend, unchanged from a year ago. Says near-term value driver for the company is the phase 1 clinical data from its AVA6000 study, which looks "very promising". Chief Executive Alastair Smith comments: "The progress made during 2022 has positioned Avacta for further strong growth during 2023."

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hVIVO PLC - London-based specialist contract research organisation providing testing for infectious and respiratory vaccine - Revenue for 2022 GBP50.7 million, up 30% from GBP39.0 million in 2021. Says growth was driven by the expansion of the human challenge market and the increasing utility of challenge study data. Pretax loss is GBP365,000, swinging from pretax profit of GBP277,000 a year ago. Basic loss per share widens to 0.12p, from a loss per share of 0.01p in 2021. Declares special dividend of 0.45p per share. "2022 marked a transformative year for hVIVO, as we achieved record financial and operational performance, providing strong validation of our sustainable growth model. With exceptional financial strength, and an impressive orderbook, we are proud to have full visibility of 2023 revenue guidance with strong visibility into H1 2024," comments Chief Executive Yamin Khan.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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21 Jun 2018 12:08

Octopus Titan VCT Portfolio Value Rises In "Particularly Busy" Half

LONDON (Alliance News) - Octopus Titan VCT PLC said Thursday its portfolio value rose over its recent half year, despite a "particularly busy period".For the six months to April a

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18 May 2015 16:55

Octopus Titan VCT Says GBP49.4 Million Raised Under Offer (ALLISS)

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26 Sep 2014 16:46

DIRECTOR DEALINGS: Octopus Titan VCT 2 Sells 15,000 Shares

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16 Sep 2014 17:31

Octopus Investments Managed VCTs To Merge, Raise Capital

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25 Jun 2014 11:24

Octopus Titan VCTs Mulling Merger, Fundraising

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5 Jun 2014 17:39

Octopus VCTs Report Total Return Decreases

LONDON (Alliance News) - Octopus Titan VCT 1 PLC Thursday said its total return decreased to 137.2 pence a share, from 137.7p, in the first-half of the year, due to its running costs exceeding the overall uplift in its portfolio. The VCT said there was an increase of GBP364,000 in the portf

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28 Feb 2014 16:22

Octopus Titan VCTs Report First-Quarter NAV Values

LONDON (Alliance News) - The five Octopus Titan VCTs Friday reported on their net asset values at the end of the first quarter, with four of them reporting declines and one reporting a small uplift. Octopus Titan VCT 1 PLC and Octopus Titan VCT 2 PLC each reported a decline in net asset val

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28 Jan 2014 19:23

Octopus VCT, VCT 2 And VCT 4 Total Returns Rise In Recent Year

LONDON (Alliance News) - A number of Octopus venture capitalist trusts Tuesday reported their results for the last financial year, all of which showed an increase in their total return. Total return, which is made up of the net asset value and cumulative dividends, rose by 7.7% from 127.9 p

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23 Jun 2010 10:19

Octopus Titan VCT 2 1H Pretax Loss GBP0.6M Vs Profit GBP0.3M

LONDON (Dow Jones)--Octopus Titan VCT 2 PLC (OTV2.LN) said Wednesday that for the six months ended April 30, it made a pretax loss of GBP0.6 million compared with a profit of GBP0.3 million in the same period in the previous year. MAIN FACTS: -Net assets GBP14.4 million (2009: GBP14.3 milli

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