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Gelp - Tue, 03 Jan 06 :

Thank as well for the post. I have etechnology VCT -- ETH - just changing name to Gateway VCT and sells at well below declared assetts. ie 45 to 65 of declared assetts. Started at 100. However the Sarentel holding is very important - to ETH they have options at 33 after last round of funding for more shares.
They must be expecting far higher and paid I think about 84p confidently last funding round.
My gut feeling is that these are not amateurs and if one institution has dropped them in the mire - whats new?
I am exposed to SLG via ETH but picked a few more directly before xmas. But--
The VCT does give exposure to the upside though and with a few other nice shares in the portfolio the odds are I believe more favourable.So my extra cash goes direct to the VCT - and no CGT.
The next valuation 3 mthly will be interesting to see what gap between the assetts and the sp.
Spread is large but interesting posts on the ETH thread if serious follower of Sarantel.
Good Luck!


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