Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

NAV Uplifts

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
barchid
Lemon Slice
Posts: 411
Joined: November 30th, 2018, 2:18 am
Has thanked: 133 times
Been thanked: 196 times

NAV Uplifts

#432222

Postby barchid » August 3rd, 2021, 12:13 pm

More good news on NAV rises following on from Pembroke, 5 of the Albion vct's have announced good uplifts this morning, AAVC was the only one which has not had a RNS today but they have just paid a tasty special divi so that was already announced.
On top of that Amati is up today as is Maven 3 vct so a pleasing few days for vct investors.

baronspill
Posts: 14
Joined: November 1st, 2017, 1:38 pm
Has thanked: 5 times
Been thanked: 3 times

Re: NAV Uplifts

#432234

Postby baronspill » August 3rd, 2021, 1:21 pm

While NAV uplifts are very welcome, let's not kid ourselves about investment performance. Markets are getting bubbly if not already there.

How long this goes on for I have no idea but it'll reverse at some stage as it always does.

The lesson from 2007/08 was to keep investing in quality at deep discounts to NAVs. Emotionally much harder to do than now.

plus ça change, plus c'est la même chose

UncleEbenezer
The full Lemon
Posts: 10692
Joined: November 4th, 2016, 8:17 pm
Has thanked: 1459 times
Been thanked: 2965 times

Re: NAV Uplifts

#432236

Postby UncleEbenezer » August 3rd, 2021, 1:36 pm

Markets are bubbling because there is surplus money - being printed by government like there's no tomorrow.

This is what inflation has looked like so far this century. It started with house prices and a credit bubble, then moved on to other assets.

scrumpyjack
Lemon Quarter
Posts: 4816
Joined: November 4th, 2016, 10:15 am
Has thanked: 606 times
Been thanked: 2675 times

Re: NAV Uplifts

#432243

Postby scrumpyjack » August 3rd, 2021, 2:17 pm

UncleEbenezer wrote:Markets are bubbling because there is surplus money - being printed by government like there's no tomorrow.

This is what inflation has looked like so far this century. It started with house prices and a credit bubble, then moved on to other assets.


I don't think it is just that. The biggest factor, I think, is the ludicrously low level of interest rates. The return on, and therefore valuation of, equities has to be in relation to the return on/valuation of the alternatives, ie cash and bonds. By comparison to bonds the return on equities continues to make them seem very attractive, so until the negligible/negative return on cash/bonds changes I doubt that equities will weaken.

If and when interest rates do return to 'normal' levels, things could get very ugly very quickly.

dealtn
Lemon Half
Posts: 6072
Joined: November 21st, 2016, 4:26 pm
Has thanked: 441 times
Been thanked: 2324 times

Re: NAV Uplifts

#432275

Postby dealtn » August 3rd, 2021, 4:11 pm

scrumpyjack wrote:
If and when interest rates do return to 'normal' levels, things could get very ugly very quickly.


Particularly for bonds.

Gostevie
2 Lemon pips
Posts: 222
Joined: November 4th, 2016, 11:35 am
Has thanked: 838 times
Been thanked: 158 times

Re: NAV Uplifts

#432336

Postby Gostevie » August 3rd, 2021, 8:59 pm

Thank you for this information Barchid.

May I ask how you were alerted to it? I subscribe to alerts from Investegate for all my holdings and a few others on my watchlist but didn't get anything. The Albion announcements still don't seem to be on Investegate at all although I eventually found them elsewhere.

Best wishes,

Steve

barchid
Lemon Slice
Posts: 411
Joined: November 30th, 2018, 2:18 am
Has thanked: 133 times
Been thanked: 196 times

Re: NAV Uplifts

#432342

Postby barchid » August 3rd, 2021, 9:57 pm

Steve
advfn or vox are quick to alert one to a relevant rns, in my experience, they both offer that facility.
Hope this helps ?
Rgds

baronspill
Posts: 14
Joined: November 1st, 2017, 1:38 pm
Has thanked: 5 times
Been thanked: 3 times

Re: NAV Uplifts

#442796

Postby baronspill » September 16th, 2021, 4:07 pm

Barry Ritholtz has recently been providing some interesting commentary on venture capital. Suggests we may be at or around 1996 at today's stage of the cycle relative to the internet bubble.

https://ritholtz.com/2021/09/venture-ca ... verywhere/

Vulgaris
2 Lemon pips
Posts: 113
Joined: February 11th, 2017, 7:14 pm
Has thanked: 1 time
Been thanked: 29 times

Re: NAV Uplifts

#442848

Postby Vulgaris » September 16th, 2021, 10:44 pm

Maybe so, but we're at a quite different point to 1996 in respect of the debasement of fiat money vs other assets -- property, gold, shares, VCTs.....


Return to “Venture Capital Trusts (VCT's)”

Who is online

Users browsing this forum: No registered users and 13 guests