NORTHERN 2 VCT PLC (NTV)

NORTHERN 2 VCT PLC (NTV)

Blog posts

Northern VCTs and Mercia

The 3 Northern VCTs (Northern Venture Trust, Northern 2 VCT and Northern 3 VCT) are proposing to novate their management agreements with NVM Private Equity LLP in favour of...
Post Date: December 15, 2019 Read more

Profit Warnings at XP Power and Ted Baker, plus Mercia Placing

A number of profit warnings this morning. The most interesting to me was at XP Power (XPP) although I do not hold it. It was interesting because as a...
Post Date: December 10, 2019 Read more

VCT News – Baronsmead, Northern VCTs and Foresight 4

I attended the Annual General Meeting of Baronsmead Venture Trust this week (on 14/2/2017). It was not particularly well attended perhaps because of the early start time of 10.00...
Post Date: February 16, 2017 Read more

AGM Reports

Northern 2 VCT AGM Report 2022 – Far From Perfect

I attended the Annual General Meeting of Northern 2 VCT (NTV) today (10/8/2022). This is a Venture Capital Trust with a decent long-term performance but last year the total return was only 0.8% after a very good prior year. I made some negative comments two years ago about how the AGM at this company was run – I called it “totally undemocratic”, and that didn’t really change this year. This was a “hybrid” AGM in that there were a few shareholders in ...
Post Date: August 10, 2022 AGM Date: August 10, 2022 Author: Roger Lawson Read more

Northern 2 VCT AGM 2020 – A Totally Undemocratic Affair

I attended the Northern 2 VCT Annual General Meeting yesterday via Zoom. This was a most disappointing event. There were three directors physically present and Tim Levett gave an overview of the company’s new investments and the top ten holdings. But when it came to the formal business they took a show of hands vote which is totally meaningless when only the directors were permitted to be present. They did show the proxy counts, so they may have won a poll vote anyway ...
Post Date: August 28, 2020 AGM Date: August 26, 2020 Author: Roger Lawson Read more

Northern 2 VCT (NTV) AGM Report 2014

This is a brief report of the Northern 2 VCT which I attended on the 30th July because I left after 30 minutes because I had a doctors appointment elsewhere. There were about a dozen shareholders present which for a hot day in July is perhaps as good as could be expected. Northern 2 VCT is one of the better performing VCTs in that it at least has given a total return of 3.7% per annum according to Allenbridge, i.e. it has ...
Post Date: August 1, 2014 AGM Date: July 30, 2014 Author: Roger Lawson Read more

Northern 2 VCT (NTV) AGM Report 2013

The day after the moderate excitement of the Northern Venture Trust General Meeting (see https://www.sharesoc.org/agm-reports/northern-venture-trust-nvt-general-meeting/ for a report on that), I attended the Annual General Meeting of Northern 2 VCT on the 19th July. This is of course a very similar company, managed by the same fund management company (NVM Private Equity), with overlapping but not identical portfolios. Northern 2 has slightly worse performance according to Allenbridge – 3.8% per annum net asset value total return (dividends included) versus 5.6% per annum ...
Post Date: July 20, 2013 AGM Date: July 19, 2013 Author: Roger Lawson Read more