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BSC/BSV

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
barchid
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BSC/BSV

#321718

Postby barchid » June 26th, 2020, 10:48 am

Good to see that the dris scheme is being restarted for both BSC & BSV as per their meetings this week, also their share buyback scheme.
The first buyback post covid was today, hopefully things are gradually returning to normal, VCT wise.

BusyBumbleBee
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Re: BSC/BSV

#323687

Postby BusyBumbleBee » July 4th, 2020, 11:48 am

Sorry for being so long coming back on this one, Barchid, just so busy on other things.

They were not at all impressive results and very glad I sold all mine some time ago now When you analyse their total return a great deal of it came from Go Outdoors which they sold at a fantastic multiple when they sold it really well - and at the right time. It is now in administration.

kind regards - BBB

UncleEbenezer
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Re: BSC/BSV

#323694

Postby UncleEbenezer » July 4th, 2020, 12:21 pm

BusyBumbleBee wrote:Sorry for being so long coming back on this one, Barchid, just so busy on other things.

They were not at all impressive results and very glad I sold all mine some time ago now When you analyse their total return a great deal of it came from Go Outdoors which they sold at a fantastic multiple when they sold it really well - and at the right time. It is now in administration.

kind regards - BBB

GO in administration? Speaking as an occasional customer who'd be sorry to see them go ... Ouch! When buying something to wear - like a coat or a backpack - I really value having such a wide range to try for comfort!

That had me googling, and I find https://www.consultancy.uk/news/24953/g ... y-deloitte . Something that looks like a pre-pack, so for us as consumers it looks like business as usual.

As it happens, my BS1 went last year when raising house purchase funds. I still have my BS2.

BusyBumbleBee
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Re: BSC/BSV

#323742

Postby BusyBumbleBee » July 4th, 2020, 4:16 pm

See here for some details, uncleE - https://www.bbc.co.uk/news/business-53152566. They do seem to be still trading though.

barchid
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Re: BSC/BSV

#323819

Postby barchid » July 5th, 2020, 8:02 am

BBB
Thanks for the input re BSC's, I did seee the JD sports announcement, but really they bought a good business, probably at too high a price & then expanded it at the wrong time.
I know exactly what you mean re the accounts but my point really was that BSC/YFM were one of the first managers to stop DRIS, buybacks and also to revalue their portfolio downwards after covid impacted and have now resumed them so perhaps they have a feeling that their portfolio is weathering the storm OK ?
It is, of course, notoriously difficult to value unquoteds in this type of climate and their legacy portfolio did have a fair amount of consumer facing businesses which must be badly affected, though there was a move more towards capital light & tech investments under the "new" rules. The other aspect is that from memory their expenses/ongoing fees are on the high side. "Just so busy on other things" shows you are living up to your monicker, I trust all is going well for you ?

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Re: BSC/BSV

#327705

Postby Kidman » July 21st, 2020, 2:02 pm

I have one concern with BSV; that the Chairman, Helen Sinclair, has been in post for too long and is overdue for replacement. Hence I voted against her re-elction as a director.


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