Blog posts

LoopUp, Audioboom, Social Media Abuse and a VCT AGM

LoopUp (LOOP), a small AIM listed company that provides audio conferencing and in which I have a small holding, have announced a proposed acquisition of a company in the same business – MeetingZone Group. This will more than double the size of LoopUp so it constitutes a reverse takeover. As they are paying cash for MeetingZone it will be financed by a term loan and a large placing. The placing will be at 400p per share, when the share price last ...

AGM Reports

Maven Income & Growth VCT 4 Plc (MAV4) AGM 2015

Yesterday I attended the Annual General Meeting of Maven Income & Growth VCT 4 at the Maven offices in Central London. The VCT has steadily been moving away after years of underperformance from investing in AIM companies (the failed strategy of the old fund manager) to investing in private companies. The level of AIM stocks held is now a modest 1.6% of the asset base. Maven VCT4 also merged with Ortus VCT in 2013. The yield based on year end share price ...

Maven Income & Growth VCT 4 (MAV4) – AGM Report 2013

Maven Income & Growth VCT 4 (MAV) is one of a stable of VCTs managed by Maven Capital Partners UK LLP (led by forceful Scotsman Bill Nixon who sits on the board of this company). The AGM was held on the 6th June at Maven’s offices in London. Originally launched in 2005, and previously called Aberdeen Growth Opportunities VCT 2, according to Allenbridge the total return since formation is 2.9% per annum. That is not a great performance bearing in mind ...