EDGE PERFORMANCE VCT PLC (EDGH)

EDGE PERFORMANCE VCT PLC (EDGH)

Seminars

ShareSoc EDGE VCT Webinar, 14 Aug 2020

Click here to download the presentation. The recording of the webinar is below

Blog posts

VCT Investors Group Action Plan

23 ShareSoc members who are also members of the VCT investor group met on 26 February 2020 at the East India Club. We reviewed recent successes at Ventus, Albion,...

ShareSoc Launches EDGE Performance VCT Campaign

ShareSoc has launched a campaign to improve the performance of Edge Performance VCT Plc (consisting of H and I share classes) and reduce the fees charged by its investment...

JD Wetherspoon Results and Directors Reappointed at Edge Performance VCT

JD Wetherspoon (JDW) published their results for the year on Friday (13/9/2019). The revenue figures were very positive with like-for-like sales up 6.8%, overall revenue up 7.4% and earnings...

EDGE – Another VCT Problem Case

At this years AGM on 28 Aug 2019, 3 directors were voted out, Sir Robin Miller, Lord Flight and David Glick. ShareSoc has been critical of this VCT for...

Edge Performance VCT – the Worst Show on Earth?

Long suffering shareholders will note that the AGM of this underperforming VCT will be held in London on 11 June. But we’re in for a treat this year - there are not just one, but five meetings in store for us, and there is plenty for shareholders to consider. New performance fees, high general fees for a portfolio mostly in runoff, voting to entrench the manager further, and selective proxy gathering at your expense. There’s something here for everyone – except ...

EDGE VCT – A Trick or Treat pair of RNSs

EDGE VCT released their half year report on 1st November, and there was no treat for shareholders. The results show yet another drop in NAV, with the valuation of each asset either unchanged or virtually unchanged. The drop therefore is entirely due to dividends and running expenses. (Dividends were paid to H holders and only a fraction of the I holders; the rest were left with an empty sweet bag). The H class now has £ 2.27 mio of net current ...

A Couple of Problem VCTs – Foresight 4 and Edge Performance

Some Venture Capital Trusts (VCTs) have been great at delivering decent total returns (and tax free dividends) for investors over the years. But others have demonstrated very poor performance which often has not even compensated for the initial tax benefits. This frequently results in mergers, restructurings, changes of manager or changes of directors to mollify disgruntled shareholders. Foresight 4 VCT Plc is one example of a patchy history where Foresight took over fund management of VCTs that got into some difficulties. But ...

AGM Reports

EDGE Performance VCT (EDGH) 2017

DISCLOSURE: The author has been invested in this company since 2009. Earlier in 2017 he increased his position substantially and prior to the AGM he decreased it substantially. No investment recommendation is made. Readers are also referred to the 2016 AGM report in the Sharesoc AGM report library. Meeting held on 17 August 2017 at the offices of Howard Kennedy LLP Directors present: Sir Robin Miller (Chair), Kevin Falconer, David Glick Absent: Lord Flight (attendance has been an issue for EDGE Directors, for example Lord ...

AGM Report for EDGE Performance VCT (EDGH) 2016

Meeting held 25 August 2016 at the offices of Howard Kennedy LLP Directors present: Sir Robin Miller (Chair), Kevin Falconer (joined partway through), David Glick (Heads the Manager), and Lord Flight. Various people from the Manager, Howard Kennedy, Auditor, etc. Four private shareholders in attendance This VCT has been plagued by a number of problems over the years. The NAV total return of every share class stands well below the amount invested, and several of the share classes are many years beyond their intended 5 ...

Leaders and Laggards

Laggard You Couldn’t Make It Up: EDGE VCT

On 29 August, long suffering EDGE VCT shareholders had finally had enough. They voted down no less than 7 resolutions at the AGM, including voting out three longstanding Directors. Chairman Sir Robin Miller had 1.7 mio votes in favour and 3.1 mio against, Lord Flight had 1.7 mio votes in favour and 3.2 mio against, and David Glick (from the Manager) had 1.7 mio votes in favour and 3.2 mio votes against. This expression of shareholder dissatisfaction is unprecedented. It was a ...

ShareSoc News

Edge VCT Update 3: 19 August 2020

We arranged a webinar on Friday 14 August at 4pm for shareholders to better understand the implication of the resolutions, and hence help them determine how they should vote at the GM and AGM. Here is the link to the presentation/video: https://www.sharesoc.org/seminar/sharesoc-edge-vct-webinar-14-aug-2020/ As it was a seminar, this was entered in our seminar area and only available to Full members. You will need to login to your ShareSoc account to access this video link. ShareSoc members who have VCT shares are recommended to join the VCT ...

EDGE Performance VCT Webinar on 14 August 2020, at 4pm

We have arranged a webinar on Friday 14 August at 4pm for shareholders to better understand the implication of the resolutions, and hence help them determine how they should vote at the GM and AGM. Terry Back, Chair of the VCT, and members of the Action Group (Robin Goodfellow, Richard Roth and Cliff Weight) will be speaking with plenty of time for Q&A. To register go to https://www.sharesoc.org/events/sharesoc-edge-vct-webinar-14-aug-2020/ ShareSoc launched a campaign in Jan 2020 to improve the performance of Edge Performance VCT Plc ...

EDGE Performance VCT Update 9 May 2020

At the 2019 AGM of Edge Performance VCT, all 3 directors who stood for re-election were not re-elected; nor were the auditors Grant Thornton.  Subsequent to the 2019 AGM, the Company’s sole remaining director, Terry Back, re-appointed 2 of the 3 former directors. ShareSoc launched a campaign in Jan 2020 to improve the performance of Edge Performance VCT Plc (consisting of H and I share classes) and reduce the fees charged by its investment manager, Edge Investments Limited. Although we have not communicated ...

Campaigns

EDGE Performance VCT Campaign

ShareSoc has launched a campaign to improve the performance of Edge Performance VCT Plc (consisting of H and I share classes) and reduce the fees charged by its investment manager, Edge Investments Limited. We are seeking shareholders to: collectively work together to persuade the incumbent directors to make various changes, vote to appoint new directors, vote against various resolutions at the upcoming General Meeting in February 2020. In addition, we seek to persuade Edge Performance VCT to agree a better deal with ...