Ventus (wind farms): NAV 95p, 58p to buy, prospective yield 8p

G'day. Thanks.
Forgot when I started, had to look - in a small way in '97. Invested each year since, increasing sums, and the divis are now starting to become useful....

Also forgot to say above that the final and least preferred element of the strategy that Ventus mentioned in discussion, that should ensure they meet the 70% criterion, was to target a less demanding yield. Pleased this was the final option offered....

The Falck-keydata thing seems odd. I did not buy keydata (less attractive income and limited capital growth, it seemed very much a dull offer), but had heard that Falck did the running, looking for a tax umbrella within which to shelter a putative project.

Generally I think VCTs are over-maligned and misunderstood.
High risk? No, often structured to be quite the opposite.
Poor performing? Well in many cases, but most (not all) of those were predictable.
Illiquid? definitely! Though who cares if holding for 10-20y, and most Cos. will buy back at 10% discount.

Consequences of Gordon's changes should be minimal for most.
(1) 5 year hold? Well they should be for anyone in their right mind anyway
(2) Less than £8M NAV. Does not seem to be limiting for most funds, and much lower new subscriptions may actually mean the average investment prospect that comes thru diligence has a better risk/reward ratio despite being a smaller Co.
(3) 30% tax credit. About fair; mustn't forget the taxfree treatment on the way out. Any more than 30% clearly attracted ridiculous amounts of tax punt money.

SIPPs, ISAs, sbs, etc all have their place too of course, as I think you have observed elsewhere.

I've just discovered there's chat over at the other place - haven't lurked there much before, but will keep an eye. LordLucanWhatsit has obviously been hearing reassuring things from V too.