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Disappointed in Albion

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
UncleEbenezer
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Disappointed in Albion

#670839

Postby UncleEbenezer » June 25th, 2024, 12:44 am

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 :x

How much are these name changes costing us?

londoninvestor
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Re: Disappointed in Albion

#670878

Postby londoninvestor » June 25th, 2024, 9:49 am

UncleEbenezer wrote: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 :x

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
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Re: Disappointed in Albion

#670912

Postby UncleEbenezer » June 25th, 2024, 12:52 pm

londoninvestor wrote:
UncleEbenezer wrote: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 :x

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
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Re: Disappointed in Albion

#670936

Postby Kidman » June 25th, 2024, 2:47 pm

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?

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Re: Disappointed in Albion

#674852

Postby barchid » July 17th, 2024, 4:33 pm

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 ?

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Re: Disappointed in Albion

#675540

Postby silentknight » July 22nd, 2024, 11:19 am

barchid wrote: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.)


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