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Octopus AIM VCT 2
(LSE:OSEC)
Octopus AIM VCT 2 (OSEC) vs. iShares MSCI United Kingdom ETF (EWC)
Octopus AIM VCT 2 Business Overview & Revenue Model
Octopus AIM VCT 2 Financial Statement Overview
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -412.00K | 1.66M | 724.00K | -2.37M | 18.74M |
| Gross Profit | -1.72M | 248.00K | -15.18M | -34.19M | 20.71M |
| EBITDA | 167.00K | -399.00K | -15.71M | -36.70M | 18.09M |
| Net Income | 167.00K | -399.00K | -15.71M | -36.70M | 18.09M |
Balance Sheet | |||||
| Total Assets | 77.91M | 79.60M | 85.17M | 102.58M | 135.62M |
| Cash, Cash Equivalents and Short-Term Investments | 18.52M | 1.59M | 31.73M | 30.13M | 35.40M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 488.00K | 536.00K | 484.00K | 791.00K | 762.00K |
| Stockholders Equity | 77.42M | 79.06M | 84.69M | 101.79M | 134.85M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -7.35M | -5.02M | -8.20M | -14.37M |
| Operating Cash Flow | -666.00K | -418.00K | -935.00K | -2.13M | -2.04M |
| Investing Cash Flow | 8.83M | -5.13M | 4.54M | -4.17M | -5.51M |
| Financing Cash Flow | -1.81M | -5.23M | -1.40M | 3.63M | 12.62M |
Octopus AIM VCT 2 Technical Analysis
Octopus AIM VCT 2 Peers Comparison
Octopus AIM VCT 2 Corporate Events
Octopus AIM VCT 2 reported broadly flat performance for the year to 30 November 2025, with net assets slipping to £77.4 million, net asset value per share down to 36.9p and a zero per cent total return, as continued investor caution toward smaller growth companies and limited exposure to strong mining and financial sectors weighed on relative returns. Nonetheless, portfolio fundamentals were described as solid, liquidity remained high with 36% of assets in cash or funds, and unquoted holdings such as Hasgrove and Popsa delivered strong gains.
The board maintained its commitment to shareholder returns, paying 3.6p in ordinary dividends, declaring a further 3.6p special dividend funded by exits including Breedon Group and Learning Technologies Group, and confirming a revised policy targeting annual payouts of 6% of opening NAV. Governance and capital actions were also prominent, with long-serving chair Michael Reeve set to retire in May 2026, an ongoing share buyback programme keeping the discount around 4.5%, a fresh fundraising launched in January 2026, and another planned cancellation of share premium to replenish distributable reserves for future dividends and buybacks.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £36.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc has confirmed that as of 28 February 2026 its issued share capital comprises 205,454,282 ordinary shares of 0.01p each, with no shares held in treasury, resulting in total voting rights of 205,454,282. This updated share and voting rights figure provides the official denominator for investors assessing whether they must disclose holdings or changes in their stake under UK financial disclosure and transparency rules, reinforcing regulatory clarity for shareholders and the market.
By clarifying that all issued shares carry voting rights and none are held in treasury, the company removes ambiguity around its free float and governance structure. The announcement ensures that institutional and retail investors can accurately monitor their notifiable thresholds, supporting compliance with Financial Conduct Authority requirements and enhancing transparency in the trading and monitoring of the VCT’s shares.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £36.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc has bought back and cancelled 877,140 ordinary shares at 35.4697 pence each, continuing its capital management strategy to adjust the share base. The transaction reduces the number of shares in issue and may influence metrics such as net asset value per share and liquidity for existing investors.
Following the repurchase, the company’s issued share capital and total voting rights stand at 205,454,282 ordinary shares, setting a new reference point for regulatory disclosure thresholds. Shareholders can now use this updated figure to assess whether changes in their holdings trigger notification requirements under UK transparency rules.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £36.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc has corrected a prior announcement to confirm that its recently declared special dividend of 3.6 pence per share will be paid on 1 April 2026, to shareholders on the register as of 13 March 2026, with an ex-dividend date of 12 March 2026. The payout is funded largely by profits from recent disposals of holdings in portfolio companies such as Intelligent Ultrasound Group, Learning Technologies and Breedon Group, and signals the board’s intention to return realised gains to investors while maintaining active portfolio management.
The company also confirmed that the first allotment of new shares under its subscription offer launched in January 2026 will occur on 9 March 2026 for applications received by 4 March 2026. These newly allotted shares will be issued ahead of the ex-dividend date and will therefore qualify for the special dividend, potentially enhancing the appeal of the offer for incoming investors and supporting further capital raising for the trust’s investment strategy.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £36.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc has declared a special dividend of 3.6 pence per share, to be paid on 8 April 2026 to shareholders on the register as of 13 March 2026, following substantial profits from recent disposals of holdings in portfolio companies including Intelligent Ultrasound Group, Learning Technologies and Breedon Group. The board’s decision to return these realised gains underlines the trust’s strategy of distributing proceeds from successful exits, while confirming that the first allotment of shares under its current subscription offer will occur on 9 March 2026, with those new shares qualifying for the special dividend, a move likely to attract additional investor interest ahead of the ex-dividend date.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £36.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc has confirmed that, as of 31 January 2026, its issued share capital comprises 206,331,422 ordinary shares of 0.01p each, with no shares held in treasury, resulting in total voting rights of 206,331,422. This updated capital and voting rights figure provides the benchmark shareholders must use when assessing whether they are required to disclose new or altered holdings in the company under the Financial Conduct Authority’s transparency rules, ensuring accurate regulatory reporting and clarity over the company’s ownership structure.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £36.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc has bought back and cancelled 1,455,988 ordinary shares at a price of 36.165p per share, reducing its issued share capital to 206,331,422 ordinary shares. The updated share count also sets a new baseline for investors to calculate their holdings and determine whether they must disclose interests or changes in interests under the Financial Conduct Authority’s transparency rules, a move that may marginally enhance net asset value per share while clarifying the company’s capital structure for shareholders.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £36.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc and its sister fund Octopus AIM VCT plc have published a prospectus for a new share offer seeking to raise up to £30 million, with the potential to increase by a further £30 million, through the issuance of new ordinary shares in both vehicles. The offer, which has been approved by the Financial Conduct Authority, sets out fee arrangements under which Octopus Investments Limited, the investment manager and a related party, will receive an initial 3% charge on gross funds raised, an additional charge of up to 2.5% on subscriptions from direct investors, and an ongoing 0.5% annual fee on the net asset value of shares held by those direct investors for up to nine years. The boards of both VCTs, advised by Howard Kennedy Corporate Services LLP, have concluded that these related-party terms are fair and reasonable for shareholders, and the fundraising—open now and scheduled to run across the 2025/26 and 2026/27 tax years unless closed earlier—aims to provide fresh capital to deploy into AIM-listed growth companies while offering investors access to VCT tax benefits.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £36.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc has reported an updated, unaudited valuation of its investment portfolio as at 30 November 2025, detailing holdings across a broad range of AIM-quoted and unquoted growth companies, with significant positions in software and computer services, healthcare providers, medical equipment, pharmaceuticals, technology hardware and food producers, as well as several overseas-incorporated investee businesses. The trust highlighted that since 30 November 2025 it has made £2.5 million of new investments and £9.3 million of disposals in portfolio companies, and has also realised £0.6 million from current asset investments, while shareholders’ equity stood at £77.4 million at the period end with no material change in capitalisation since, underlining an active approach to portfolio management and a stable capital base for investors.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £35.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc has announced that its long-serving chair, Keith Mullins, will retire from the board following the company’s Annual General Meeting scheduled for May 2026, marking the end of his tenure that began in September 2005. The board has begun recruiting a new non-executive director, signalling an orderly and extended succession process designed to ensure continuity of governance and leadership stability for investors as the trust plans for a transition at the top.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £35.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc has confirmed that, as of 31 December 2025, its issued share capital comprises 207,787,410 ordinary shares of 0.01p each, with no shares held in treasury, resulting in total voting rights of 207,787,410. This updated share capital and voting rights figure will be used by shareholders to assess whether they must disclose holdings or changes in their stake under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, ensuring continued compliance and transparency in the company’s shareholder reporting.
The most recent analyst rating on (GB:OSEC) stock is a Hold with a £35.00 price target. To see the full list of analyst forecasts on Octopus AIM VCT 2 stock, see the GB:OSEC Stock Forecast page.
Octopus AIM VCT 2 plc and Octopus AIM VCT plc plan to launch a new prospectus offer of ordinary shares for subscription across the 2025/2026 and 2026/2027 tax years, subject to regulatory approval. The joint fundraising aims to secure up to £30 million with an additional over-allotment capacity of up to £30 million, with the prospectus expected to be published in mid-January 2026 on the Octopus Investments website and the National Storage Mechanism, signaling continued capital-raising efforts to support investment into AIM-quoted growth companies and sustain the trusts’ deployment pipeline for investors.
Octopus AIM VCT 2 plc has bought back and cancelled 1,968,953 ordinary shares at 35.37p per share on 18 December 2025, as part of its ongoing share capital management. Following the transaction, the company’s issued share capital and total voting rights stand at 207,787,410 ordinary shares, a figure that shareholders will use to assess disclosure thresholds under the Financial Conduct Authority’s transparency rules.