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Open offer closes 05/04/24 and 28/06/24.
Data as at: 18/04/2024
In
Objective
To generate tax-free capital gains and income on investors’ funds through investment, primarily in companies that are founder led, whilst mitigating risk appropriately within the framework of the structural requirements imposed on all VCTs.
AIC sector
Management group
Pembroke Investment Managers
Company website
Launch date
01/04/2015
March
Domicile
United Kingdom
Fund manager
Andrew Wolfson
Dividend frequency
Semi-Annually
Wind-up provisions
Given the changes made to the VCT Rules in 2015 and the consequent shortage of ‘evergreen’ VCTs unaffected by the new rules, the Directors sought, and were granted, Shareholder approval to extend the life of the Company on a rolling basis (such that it became evergreen with no fixed termination date). However, the Directors intend to keep under review whether it is in the best interest of Shareholders for the Company to continue on a rolling basis.
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 213.81 | 230.13 | 98.00 | 105.48 | -7.09 | N/A | 7.65 | Dividend declared months are not set, but the company aims to do them twice a year, with a total target of 5p and further special dividends following exits. | 2.35 (31/03/2023) |
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Note
Dividends
Dividends declared in last 12 months
| Ex-Dividend date | Payment date | Dividend amount | Special dividend | Financial year |
|---|---|---|---|---|
| 21/03/2024 | 23/04/2024 | 2.000 | No | 2024 |
| 26/10/2023 | 28/11/2023 | 2.500 | No | 2024 |
| 27/04/2023 | 30/05/2023 | 2.500 | No | 2023 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| Pembroke VCT B shares | Share price total return | -6.1 | 12.8 | 25.3 | N/A |
| VCT Generalist AIC sector | Share price total return | -1.1 | 6.0 | 24.4 | 91.2 |
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Share structure
Number of shares
218,177,369
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 0 | 6,720,071 | 6,935,085 | 8,424,836 |
| Average | N/A | 320,003 | 26,776 | 6,501 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | N/A | 6.59 | 6.82 | 8.43 |
| Average | N/A | 0.31 | 0.03 | 0.01 |
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Trading details
Top holdings
Data as at : 31/03/2023
| Investment | % of total assets |
|---|---|
| Lyma | 13.7 |
| Popsa | 6.7 |
| Five Guys | 4.4 |
| OnePlan | 3.6 |
| Peckwater Brands | 3.5 |
| N is for Nursery | 3.4 |
| Bella Freud | 3.3 |
| Boat | 3.2 |
| Thriva | 3.0 |
| Stillking | 2.8 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
