South Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Octopus Titan VCT has announced an offer for up to £200 million .Titan is the largest VCT in the country, and aims to invest in the fastest growing companies across the fintech, health, deeptech, B2B software, consumer, biotech and climate sectors.The VCT targets a dividend of 5p per share per yearTitan flies the flag for the whole VCT industry. It’s the largest trust, investing in the most unicorns and accounting for a huge proportion of total VCT fundraising.
The all-important question going forwards is whether the slow slide in public market valuations – which influence private valuations – has stopped. If so, the strong underlying revenue growth from Titan’s investee companies has the potential to drive better returns in the months and years ahead.”Most investors are initially attracted to VCTS for the tax breaks, and they are generous.
Exposure to high growth, smaller companies also has the potential to diversify a conventional portfolio. Long-term performance is often only loosely correlated with the wider economy. Highly disruptive businesses grow by taking market share from incumbents rather than relying on market growth. The second group is those in, or near, retirement who use VCTs’ tax free dividends to supplement income from other sources. Because they’re higher risk, VCTs shouldn’t be considered a replacement for a pension, but they can help to top-up income from more conventional sources.
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