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The latest update is out from New Century AIM VCT 2 ( (GB:OVCT) ).
Oberon AIM VCT plc has issued 341,329 new ordinary shares at 24.90 pence each under its current subscription offer, raising approximately £0.85 million toward its previously announced £1.85 million fundraising target. The pricing was set with reference to the company’s 27 February 2026 net asset value of 24.28 pence per share, adjusted to reflect offer costs.
The new shares are expected to be admitted to the FCA’s Official List and start trading on the London Stock Exchange’s main market around 2 April 2026, ranking pari passu with existing stock. Following this issue, Oberon AIM VCT’s total shares in issue and voting rights will rise to 7,784,400, a change that shareholders must use as the new denominator for any regulatory disclosures on holdings under UK transparency rules.
The most recent analyst rating on (GB:OVCT) stock is a Hold with a £26.00 price target. To see the full list of analyst forecasts on New Century AIM VCT 2 stock, see the GB:OVCT Stock Forecast page.
Spark’s Take on OVCT Stock
According to Spark, TipRanks’ AI Analyst, OVCT is a Neutral.
Overall score is held back primarily by weak financial performance, driven by sustained losses since 2022 and consistently negative operating/free cash flow, despite a debt-free balance sheet. Technicals are supportive due to an upward trend, but extremely overbought RSI reduces confidence near term. Valuation support comes mainly from the high dividend yield, while missing P/E data limits the valuation assessment.
To see Spark’s full report on OVCT stock, click here.
More about New Century AIM VCT 2
Oberon AIM VCT plc is a UK-listed venture capital trust focused on investing in smaller, growth-oriented companies quoted on the London Stock Exchange’s AIM market. As a VCT, it offers investors exposure to early-stage and developing businesses while providing associated UK tax advantages under the venture capital trust regime.
Average Trading Volume: 7,981
Technical Sentiment Signal: Sell
Learn more about OVCT stock on TipRanks’ Stock Analysis page.