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An update from Foresight Vct ( (GB:FTV) ) is now available.
Foresight VCT plc has allotted 139,483 new ordinary shares under its latest subscription offer, raising approximately £103,000 at prices based on an unaudited net asset value of 71.10 pence per share, with the new shares expected to be admitted to trading on the London Stock Exchange later in March. This final allotment brings total shares issued under the offer to 54,349,168 and increases the company’s overall share capital to 353,377,656 ordinary shares, as the board confirms the subscription offer is now closed and all valid applications received by early February have been processed.
The completion of this equity raise modestly increases Foresight VCT’s investable capital, supporting its ability to deploy funds into its venture portfolio while slightly diluting existing shareholders in line with typical VCT fund-raising practices. Closing the offer also provides investors and the market with clarity on the current capital structure, which may aid in assessing the trust’s scale, liquidity in its listed shares, and its capacity for future investments.
The most recent analyst rating on (GB:FTV) stock is a Hold with a £71.00 price target. To see the full list of analyst forecasts on Foresight Vct stock, see the GB:FTV Stock Forecast page.
Spark’s Take on FTV Stock
According to Spark, TipRanks’ AI Analyst, FTV is a Neutral.
The score is driven primarily by a very strong, low-risk balance sheet (no debt) but is held back by uneven cash generation and revenue volatility. Technicals are neutral with little trend strength, while the high dividend yield provides a valuation support.
To see Spark’s full report on FTV stock, click here.
More about Foresight Vct
Foresight VCT plc is a UK-listed venture capital trust that raises funds from investors to back a diversified portfolio of smaller, growth-oriented companies, offering shareholders exposure to venture capital returns alongside VCT-related tax benefits. Its shares trade on the London Stock Exchange, and it periodically issues new equity through subscription offers to expand its investment capital base.
Average Trading Volume: 1,817
Technical Sentiment Signal: Strong Buy
For an in-depth examination of FTV stock, go to TipRanks’ Overview page.