I have some certificated shares in a VCT that I have had for years. They are no good to me so I am trying to sell them. HL, who have the bulk of my investments,( including BMN), in an ISA account, tell me they have suspended the certificated share service.
Anyone have any suggestions who I might try to get rid of these pesky VCTs?
Many thanks, MM
Another thing that doesn’t look right is the figures published in the shareholder register.
At first sight the combined Directors’ holding looks as though it is out of place, being larger as a percentage that YD etc. However if you then look at the number of shares it isn’t. What’s going on there? Either the Directors’ number of shares are wrong or the percentage is.
I have mentioned this before. A bed and isa is shown as a pair of sells because the buy side is usually so close to the sell price it is recorded thus. If the GS sale is a giant bed and isa then half of those sells will in fact be buys.
All well and good but that explanation doesn’t help our SP. neither does it explain where the former GS shares are now. One would expect to see a new entity appear in the top ten shareholders if there was simply a transfer of accounts taking place.
I should have thought it more relevant for actual VRFB manufacturers like Avalon and Enerox to get on with ramping up publicity. I hope that someone from their respective teams has mailed Forbes asking for a corrected follow up.
I have something to say. I have held this share for 20 years. I initially invested £3000 into VCT 1, (which became VCT 2 ) which is £2400 after you get your tax back. The NAV has dropped from £1 to 30 something p. This meant that my original 3000 shares became about half that number when VCT2 merged with VCT4 and the NAV now about 60p.
All in all I have made nothing in 20 years. The promises that were made in the prospectus! Sure I have had some dividends but the drop in NAV has cancelled everything out. So all in all it has been a shear waste of time and opportunity.
Barn them!
Is anyone out there?