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Albion VCT's NAV movements

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barchid
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Albion VCT's NAV movements

#421148

Postby barchid » June 21st, 2021, 1:28 pm

RNS's today for 4 Albion vct's re 2 external fundraisings taking place in 2 of their common holdings, Kings Arms & Crown are both seeing nav uplifted by over 5% & Development & Enterprise uplifted by about 7%.
No indication which investments are the two in question as far as I can see but a nice way to start the week.

Paul55
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Re: Albion VCT's NAV movements

#421157

Postby Paul55 » June 21st, 2021, 2:27 pm

Hi , Albion Technology have also issued an updated NAV ( up 7.32%) . Looking at the respective holdings in each VCT I am pretty confident that Quantexa is the main fundraiser . Albion VCT hasn’t issued an update and doesn’t hold any Quantexa . I played around with the Proveca and Egress but couldn’t get the numbers to stack up , so discounted them .
As you say barchid , a nice start to the week .

BusyBumbleBee
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Re: Albion VCT's NAV movements

#421163

Postby BusyBumbleBee » June 21st, 2021, 2:51 pm

VEN 2 ORDS also provided a nice start to the week see https://www.rns-pdf.londonstockexchange ... 1-6-21.pdf

barchid
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Re: Albion VCT's NAV movements

#421183

Postby barchid » June 21st, 2021, 4:19 pm

Wow, even more good news from Farringdon, AAVC is paying out a special divi of 15p in addition to the 1st interim of 1.83p which together is 23% of the March 2021 nav.
An even better start to the week !

UncleEbenezer
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Re: Albion VCT's NAV movements

#421269

Postby UncleEbenezer » June 21st, 2021, 8:29 pm

barchid wrote:Wow, even more good news from Farringdon, AAVC is paying out a special divi of 15p in addition to the 1st interim of 1.83p which together is 23% of the March 2021 nav.
An even better start to the week !


Looks like farewell to the care homes. Joining Ventus and Hazel in winding up old no-longer-eligible assets. I wonder how the DRIS works with a nominee account?

Gostevie
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Re: Albion VCT's NAV movements

#421276

Postby Gostevie » June 21st, 2021, 9:11 pm

My only slight disappointment is that the September AGM is going to be another 'virtual' one even though all COVID restrictions are due to be lifted by mid-July. I was rather hoping we'd be able to get back to The Charterhouse again. Maybe next year. ;)

Gostevie

barchid
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Re: Albion VCT's NAV movements

#421283

Postby barchid » June 21st, 2021, 9:38 pm

@Gostevie
Indeed the Albion AGM's did use to brighten up an otherwise dull week, & were normally attended by some interesting investors, I do hope they are reinstated, not quite the same on zoom is it ?

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Re: Albion VCT's NAV movements

#427867

Postby SpinDoctor » July 15th, 2021, 1:22 pm

See: https://techcrunch.com/2021/07/12/quantexa-raises-153m/

Quantexa is a material (up to 8% by NAV) holding in several Albion VCTs. Embarking on a series D round, at ~3X the value of last year's series C. I don't think Albion has yet uplifted value beyond the series C.

CEO comments on acquisition interest 'but prefers to hold on for IPO'.

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Re: Albion VCT's NAV movements

#428973

Postby Paul55 » July 20th, 2021, 8:54 am

Good morning , I think that we have seen the Series D fundraising benefits in the NAV updates issued on 21 June 2021 . It would be nice to think that there will be more to come ! I am not sure if the Albion VCTs participated in the latest fundraising ( I suspect not ) .


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