Disappointed in Albion

[UncleEbenezer]

As a holder of Crown Place and (especially) Kings Arms Yard VCTs, those splendidly evocative names were a small part of their attraction. Now Albion have only gone and renamed them to something very boring

How much are these name changes costing us?

[londoninvestor]

As a holder of Crown Place and (especially) Kings Arms Yard VCTs, those splendidly evocative names were a small part of their attraction. Now Albion have only gone and renamed them to something very boring

How much are these name changes costing us?

Is it a prelude to some mergers?

I don't hold any of the Albions anymore, so it's purely an armchair interest. But I think given the rule changes that prevented new asset-backed investments, all of them have basically the same investment policy and only AAVC has significant asset-backed remnants in its portfolio. No need to keep 6 separate VCTs maybe?

[UncleEbenezer]

As a holder of Crown Place and (especially) Kings Arms Yard VCTs, those splendidly evocative names were a small part of their attraction. Now Albion have only gone and renamed them to something very boring

How much are these name changes costing us?

Is it a prelude to some mergers?

That would seem somewhat strange. Merging CRWN and KAY into their higher-management-charges peers would've got rid of the nice names at a stroke.

[Kidman]

I sold both of them years ago so am not affected by the change but otherwise I would have been annoyed.

When I complained to one investment trust about a name change they told me that the cost was not significant, but to me, as a shareholder, it is a nuisance. Remembering a trail of names when gathering certificates together, comparing dividends over time, finding annual reports etc.

I would prefer ITs and VCTs to have their own 'neutral' name so they can change manager without changing the name to reflect the new manager.

In this case I suspect someone new to Albion has dictated a new corporate branding policy and the directors nodded agreement.
As a cynic, I wonder if this cost Albion a couple of lunches and the VCTs will bear the administrative costs?

[barchid]

Whilst on the subject of Albion I have just heard from my broker that AAVC is having a buyback next week at 41.2p
I know there were a lot of holders on this board a while ago so if anyone has stock held for over 5 years it might be of interest ?

[silentknight]

Whilst on the subject of Albion I have just heard from my broker that AAVC is having a buyback next week at 41.2p
I know there were a lot of holders on this board a while ago so if anyone has stock held for over 5 years it might be of interest ?

Thanks! Is there any way to see imminent buybacks online?

(I've some VCTs with II and unfortunately their policy is not to contact customers if an existing limit order is too high for a buyback, unlike X-O.)

[barchid]

@silentknight
I see you use xo as well as II, I also use Jarvis for vct's, although my account is sharedeal active, but certainly with that a/c if I put in a limit order for, say, 3 months, they send customers with limits an email to warn them of the date & price if the limit is too high.
This is exactly what happened re my earlier post and they give you the option to change the price.
I find this an invaluable service as you can participate when there is an opportunity to sell.

[barchid]

@London investor
Well you were spot on !
RNS just out saying all Albion vct's in merger discussions.
I take my hat off to you, a lot more perceptive than myself...