New Century AIM VCT 2 (OVCT) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 5.14%
• Average Volume (3M): 3.59K
• Price to Earnings (P/E): 2.5
• Beta (1Y): -0.09
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): N/A
• Shares Outstanding: 7,443,071
• 10 Day Avg. Volume: 3,120
• 30 Day Avg. Volume: 3,589
• PEG Ratio: -0.03
• Price to Book (P/B): 1.28
• Price to Sales (P/S): -3.49
• P/FCF Ratio: -15.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: 26.00 p ▲(1.17% Upside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

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.

New Century AIM VCT 2 Business Overview & Revenue Model

Company Description

New Century AIM VCT 2 Plc is a venture capital trust, which invests its funds primarily in unlisted, UK listed, and AIM traded companies. The company was founded on April 4, 2007 and is headquartered in London, the United Kingdom.

How the Company Makes Money

New Century AIM VCT 2 Financial Statement Overview

Summary

Financial profile is weak overall: earnings deteriorated into losses (2022–2024) and cash generation is consistently negative across 2020–2024. A debt-free balance sheet reduces financial risk, but shrinking equity and negative ROE in recent years indicate ongoing value erosion.

Income Statement

Earnings performance has deteriorated sharply: revenue swung from positive levels in 2020–2023 to negative in 2024, and profitability flipped from strong profits in 2020–2021 to losses in 2022–2024. While gross profit margins were high in several years, the company has been unable to sustain consistent operating profitability, with large loss years (notably 2022) and continued net losses through 2024.

Balance Sheet

The balance sheet is conservatively positioned with zero debt across all periods, reducing financial risk and refinancing pressure. However, equity has declined materially from 2021 to 2024 alongside recurring losses, and returns on equity have been negative in 2022–2024, indicating erosion of shareholder value despite the low-leverage profile.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in every year shown (2020–2024), including during periods when reported net income was positive (2020–2021). Recent cash burn improved versus 2023 (less negative in 2024), but cash flows remain consistently out of sync with profitability and are not yet demonstrating sustainable self-funding operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	91.50K	-527.00K	174.00K	25.00K	455.00K	261.00K
Gross Profit	91.50K	-527.00K	151.00K	-4.00K	415.00K	237.00K
EBITDA	136.00K	-630.00K	-282.00K	-1.59M	1.07M	808.00K
Net Income	136.00K	-630.00K	-282.00K	-1.59M	1.07M	808.00K
Balance Sheet
Total Assets	1.95M	1.47M	2.24M	2.54M	3.86M	3.11M
Cash, Cash Equivalents and Short-Term Investments	0.00	16.00K	243.00K	354.00K	0.00	3.05M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	22.00K	27.00K	30.00K	131.00K	19.00K	19.00K
Stockholders Equity	1.93M	1.44M	2.21M	2.41M	3.84M	3.09M
Cash Flow
Free Cash Flow	0.00	-119.00K	-239.00K	-28.00K	-96.00K	-77.00K
Operating Cash Flow	0.00	-119.00K	-239.00K	-28.00K	-96.00K	-77.00K
Investing Cash Flow	0.00	24.00K	29.00K	125.00K	449.00K	89.00K
Financing Cash Flow	0.00	-132.00K	99.00K	168.00K	-322.00K	74.00K

New Century AIM VCT 2 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
PUAL	54 Neutral	―	-14.12	-10.50%	3.08%	77.84%	64.90%
OVCT	50 Neutral	―	2.52	―	5.14%	―	―

New Century AIM VCT 2 Corporate Events

Oberon AIM VCT Announces Share Repurchase and Cancellation

Oberon AIM VCT plc, a company involved in venture capital trusts, announced the repurchase and cancellation of 126,293 of its ordinary shares at a price of 24.23 pence per share. This transaction reduces the company’s share capital to 7,010,058 ordinary shares, all of which have voting rights. The move aligns with the company’s compliance with the FCA’s Disclosure Guidance and Transparency Rules, ensuring transparency for stakeholders regarding shareholding changes.

Oberon AIM VCT PLC Extends Share Offer Closing Date

Oberon AIM VCT PLC has announced an extension to the closing date for its current offer for subscription of ordinary shares, which aims to raise up to £5 million, with an additional over-allotment facility of £3.4 million. The new closing date is set for 11 February 2026, providing additional time for potential investors to participate in the offer, potentially impacting the company’s capital raising efforts and market positioning.

Oberon AIM VCT PLC Announces New Equity Issue

Oberon AIM VCT PLC is a company involved in the issuance of equity shares, focusing on raising capital through subscription offers. The company has announced the issuance of 509,225 new ordinary shares at a price of 29.46 pence per share, as part of an offer to raise up to £5 million, with an additional over-allotment facility of £3.4 million. This issuance increases the total number of shares to 7,136,351, impacting the company’s total voting rights and potentially affecting shareholder interests.

Oberon AIM VCT PLC Reduces Share Capital Through Buyback

Oberon AIM VCT PLC, a venture capital trust, has announced the purchase and cancellation of 309,866 of its own ordinary shares at a price of 22.25 pence per share. This transaction reduces the company’s share capital to 6,627,126 ordinary shares, all of which carry voting rights. This move is part of the company’s ongoing capital management strategy, potentially impacting shareholder calculations regarding their interests in the company.