Abstracts » Business

Little interest, bad timing

Article Abstract:

New venture capital trusts must invest in companies with a capitalisation of less than 1 million pounds sterling. However they are not attracting investors, in spite of a range of tax breaks, aimed at drawing public money into the sector. There was a modes level of subscription for shares in Murray Venture Capital Trust, a flagship for the launch of several new venture capital vehicles. Venture capital trusts are often still associated with the previous, disappointing Business Expansion Schemes.

Market share, Venture capital

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Everyone loves 3i

Article Abstract:

Demand for shares in 3i has been strong, and NatWest has sold a stake of 17% in the trust. 3i has performed well since the company was floated in 1994 but it could be affected by recession. 3i argues that it did not suffer a decline in asset value from 1989 to 1992 when the UK was undergoing a recession. There is no certainty that trust's strong performance from 1994 to 1996 will continue. There are other venture capital trusts which are less expensive for investors.

3i Group PLC

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X-rated flotation powers VCTs

Article Abstract:

The impact of a possible Power X stock flotation on British venture capital trusts is examined in detail.

Power X

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