Member Info for dai2belts

I am making the same assumption, all tranches converted , but also off loaded, well maybe not the last or part off..

If they are off loading each then it could take some time, and may keep selling pressure on into the testing period..

The next must be due soon, but the first announced conversion on the 19th looks to have happened on the 7th, so the second wasn't 10 days after but closer to 20 days including weekends ...

Predictable, Mmmmmm... not sure I would say that, as everybody would have dumped their shares the day the CLN was voted for, and those buying top of the blips are unpredictable, FOMO addiction... We all know the next discount is likely 0.23p. and possibly another 20% discount to follow, logic says hold off until more is revealed....

Testing, depends on what they plan... I am struck that they costed +£4m to place a pump down a previously drilled hole, seem extortionate , buying Chinese too, and not U.S....

The best thing, you know there will be more big discounted raises to come...

Did you both look at that chart I posted the other day ?

Ignore the times, but the plots shows what are mostly individual trades, no candles to hide the details, if you join the dots you will have 3 price ranges most of the day...??? Maybe PI buys top, PI sells bottom, and maybe CLN selling almost top, but thats just wild conspiracy

If the next conversion is just around £2m or even less than the combined value of the 1st 2 , then there will be more conversions to follow, maybe further drops......maybe below 0.2p..

approx £2.35m gets ~1bn shares at the moment

Great OTCQB delist, lucky you were not holding those golden tickets,,, unlike some people

@Deep100

ESP rubber stamped by CNOOC association in one breath, and in the other He1 needed to confirm ESP manufacturers quality process in person.. I hope its a brand new pump and not a He1 predator style quality process/audit....

Equipment to be provided by the CenerTech Group, which is part of the Chinese National Offshore Company (CNOOC)

The purchase contract and Quality Assurance/Quality Control process for the ESP and associated equipment were completed during a recent visit by Company personnel to CenerTech's manufacturing facility in China.

He1 dropping their U.S OTC listing. ?

Did they ever regain entry to the publicly quoted division or remained out of site at the grey counter

I think He1 could possibly be setting up just like that previous mega bagger, if not maybe 3-5 bags

Each year....

that 24hour test surely needs a follow up, I cant see an energy supplier relying on a single short test to commit to becoming QEDs first commercial customer anywhere in the world.......

I would take a break with the sort of return, to shake out the master trader ego that would run riot in my subconscious , and guide me into a huge losing streak.....

Check out QED, but I would not just dive in, it now has as much downside as upside..... They might be doing that thing of putting out a string of updates again to pus h up the price, two RNS in 2 consecutive days last week.... 1st, CEO hiring which could be seen as preparation for MSC trial failed to move the needle, then the 2nd a thumb up for a 24hour diesel engine power station generator test result sent the price from 3p to 5p, while I was not looking as news the day before... Each around AGM they do a run of updates but this year they don't need to raise cash...but you never know

@Blubay ,is that from AI,

You missed out on some good tips..

Well so have I, and I frequent this BB :(

The notice is used to trigger the conversion , so if the conversion was 7th Aug, then He1 received it on the 8th ....

The conversion price will be an amount equal to 80 per cent of the higher of: ........... immediately preceding the date of the Conversion Notice

"The Investors may elect to convert the £10 million Advance into ordinary shares ("Ordinary Shares") in the Company at any time and in any such proportion as they so choose upon delivery to the Company of a notice of conversion ("Conversion Notice"). The conversion price will be an amount equal to 80 per cent of the higher of: (i) the lowest single daily volume weighted average price ("VWAP") in respect of the Company's Ordinary Shares during the 10 trading days immediately preceding the date of the Conversion Notice; or (ii) 92.5 per cent of the VWAP for the 10 trading days immediately preceding the date of the Conversion Notice."

You would think the update would be asap following the conversion notice....like the same or next day..

Then after such a delay the conversion date is omitted..

Does look like they waited

A venture capital trust ?

Mmmmmm, this is out of my domain, but its a trust containing high risk companies, seems to track AIM

https://invst.ly/1cfej3

shows very few if any trading opportunities

https://invst.ly/1cfeji

So I guess you are looking for a dividend or AIM to break this down trend....?

I would check for an AIM gold miners fund and if that is doing well compared to AIM then this funds manager is as bad as I am at following whats in vogue, this uses VanEck Junior Gold Miners ...

https://invst.ly/1cfeo5

not sure how correct this is.......chatgpt

Over the past 5 years, Hargreave Hale AIM VCT paid out ~42% of its value in dividends.

But the total return (dividends + NAV changes) was −10.5% — so you got income, but the overall value still went down.

But they are buying back shares...

some more info here,

https://www.lse.co.uk/ShareChat.html?ShareTicker=GOLD&share=GOLD.L&thread=EDA60140-430B-46C1-92EF-81F6E90B35BC

part 3

| ✅ pros | ⚠️ cons |

| ------------------------------ | -------------------------------------- |

| 30% income tax relief | high risk — small company exposure |

| tax-free dividends | share price can drop or stay flat |

| income from dividends | dividends not guaranteed |

| potential for long-term growth | illiquid market — hard to sell quickly |

| diversified portfolio | you could lose money overall |

it's a public company that invests in small uk businesses, especially early-stage or fast-growing companies.

it invests mainly in aim-listed companies (aim = alternative investment market = london’s junior stock exchange)

the trust is managed by a professional team (canaccord genuity) that picks which companies to invest in.

💰 why do people invest in it?

here’s what investors are usually hoping for:

✅ tax benefits:

30% income tax relief when you invest (if you hold for 5+ years)

tax-free dividends

no capital gains tax when you sell your shares

✅ regular income:

they aim to pay tax-free dividends each year (target is 5% of nav — more on that below).

need to check accuracy for comment below, but it is on a constant downtrend with few blips

over the past 5 years, hargreave hale aim vct paid out ~42% of its value in dividends.

but the total return (dividends + nav changes) was −10.5% — so you got income, but the overall value still went down.

🔢 what’s nav?

nav = net asset value — the value of the trust's assets (its investments) minus debts, divided by the number of shares.

it helps you know how much the underlying investments are worth.

if nav is 36.43p, that means each share owns 36.43p worth of assets.

but shares might trade below this (at a discount), say at 34p, depending on supply/demand.

i always like going back to basics as a reminder

all from chatgpt, so could be ****** depending on it mood

Part 2

Key Risks / Things to Watch

Volatility & Market Risk: AIM is a market of smaller companies, often less stable and more sensitive to economic and regulatory shifts. NAVs can swing significantly.

Tax‑relief horizon: To benefit fully from the tax reliefs (income tax relief, tax‑free dividends, capital gains relief), there are holding period and qualifying investment rules. Early exit can lead to losing some tax advantages.

Illiquidity & Discount Risk: VCT shares are listed, but trading volumes may be low; the price in the market can be at a discount to NAV; buybacks help, but aren’t guaranteed.

Opportunity / Deal Flow Constraints: If fewer new AIM IPOs or fewer qualifying companies seeking investment, opportunities may dry up, impacting ability to deploy cash and generate returns.

Part1 again

Hargreave Hale AIM VCT PLC

ChatGPT said:

Here’s a summary of Hargreave Hale AIM VCT plc — what it is, how it works, its recent performance, and key things to watch. I can go into more detail or focus on specific aspects if you like (e.g. tax, risk, whether it might suit your portfolio).

Overview

Full Name: Hargreave Hale AIM VCT plc

Type: Venture Capital Trust (VCT)

Launch Date: 2004

Manager: Canaccord Genuity Asset Management (previously known as Hargreave Hale)

Investment Focus: Primarily small, high-growth UK companies; many are listed on AIM; some private or via AQSE, plus non-qualifying investments (e.g. more liquid main market equities, fixed income, etc.)

======================

Strategy, Policy & Structure

Objectives: Generate capital gains + income; pay tax-free dividends (as allowed under VCT rules).

Dividend Target: They target a tax‐free dividend yield equivalent to 5% of year‐end net asset value. But this is variable and not guaranteed.

---------

Asset mix / Risk Controls:

Percentage in qualifying investments vs. non-qualifying allowed by VCT rules.

Use of diversified portfolio to reduce company-specific risk.

They maintain some liquidity via non-qualifying equities, fixed income instruments, cash, and funds like the Marlborough Special Situations Fund/Micro‑Cap Growth.

----------------

Exclusions Policy: They exclude investment in companies via certain industries (e.g. pornography, predatory lending, certain cryptocurrencies, etc.) and will divest if an investee falls into excluded categories or breaches certain standards.

==================

Recent Performance & Metrics

Size: Net assets ~ £148 million (as of September 2024)

------

Portfolio breakdown:

~55‑60% invested in VCT‑qualifying companies, mostly AIM‑quoted.

Remainder in non‑qualifying equities, fixed income securities, other funds, and cash.

---------------

Returns/dividends:

Over 5 years to March 2025: cumulative dividends ~ 42.0% of starting NAV.

But over same 5 years, NAV total return (including dividends) was negative (~ ‑10.5%).

Over 10 years to 31 March 2025, total return was ~ ‑8.7%.

-------------

Recent (Q3 2025) dynamics:

For the 3 months to 30 June 2025, NAV per share went from 34.48p to 36.43p (cum‑dividend) → approx +5.66% total return.

In that period, gains came from both qualifying and non‑qualifying investments.

--------

Share buybacks / liquidity / discount control: They are buying back their own shares to manage the discount to NAV — for example, in that Q3 period they bought ~1.5 million shares at ~33.54p each. The share price traded at ~4‑5% discount to published NAV.

Part 1

Hargreave Hale AIM VCT PLC

ChatGPT said:

Here’s a summary of Hargreave Hale AIM VCT plc — what it is, how it works, its recent performance, and key things to watch. I can go into more detail or focus on specific aspects if you like (e.g. tax, risk, whether it might suit your portfolio).

Overview

Full Name: Hargreave Hale AIM VCT plc

Hargreave Hale AIM VCT

+2

Wealth Club

+2

Type: Venture Capital Trust (VCT)

Hargreave Hale AIM VCT

+1

Launch Date: 2004

Hargreave Hale AIM VCT

+1

Manager: Canaccord Genuity Asset Management (previously known as Hargreave Hale)

Wealth Club

+1

Investment Focus: Primarily small, high-growth UK companies; many are listed on AIM; some private or via AQSE, plus non-qualifying investments (e.g. more liquid main market equities, fixed income, etc.)

Hargreave Hale AIM VCT

+1

Strategy, Policy & Structure

Objectives: Generate capital gains + income; pay tax-free dividends (as allowed under VCT rules).

Hargreave Hale AIM VCT

Dividend Target: They target a tax‐free dividend yield equivalent to 5% of year‐end net asset value. But this is variable and not guaranteed.

Hargreave Hale AIM VCT

+1

Asset mix / Risk Controls:

Percentage in qualifying investments vs. non-qualifying allowed by VCT rules.

Hargreave Hale AIM VCT

+1

Use of diversified portfolio to reduce company-specific risk.

Hargreave Hale AIM VCT

+1

They maintain some liquidity via non-qualifying equities, fixed income instruments, cash, and funds like the Marlborough Special Situations Fund/Micro‑Cap Growth.

Wealth Club

Exclusions Policy: They exclude investment in companies via certain industries (e.g. pornography, predatory lending, certain cryptocurrencies, etc.) and will divest if an investee falls into excluded categories or breaches certain standards.

Hargreave Hale AIM VCT

Could be, but by not revealing the conversion dates it makes it harder to see any pattern, and those simply accepting the RNS as a timeline guide are seeing the wrong picture... I did'nt even notice at 1st, and thought the RNS were very likely posted the day after He1 received the conversion notices.. So it looks like it could be taking a couple of weeks to work each tranche, and it may take longer the larger they get...Thats if they aren't holding

That 19th Aug RNS for first conversion , well looks like a timely update should have been 8th, or next working day

Looks like 1st conversion was likely 7th Aug, day after vote, yet RNS arrived 19th...Vwap 25th July - 7th Aug

2nd conversion probably 27th.....