All VCT, EIS, SEIS, and Business Relief qualifying investments are high risk and are not suitable for most clients. They are illiquid investments and Investors’ capital is at risk.

Guinness Asset Management and Enterprise Investment Partners – Manager updates 25 July 2016


Guinness Asset Management updates

  • Next company exit for any Kuber clients will be end of 2017
  • AIM 2015-2016 EIS5 certs are anticipated to be available end of August/beginning of September 2016
  • H14 EIS3 certs are due to arrive with Kuber this week
  • Next BPR draw-down will be September 2016

Enterprise Investment Partners updates:

  • Imbiba
    • Share issue due next week
    • Followed by regular draw-downs on an approx 6-weekly basis
    • Imbiba opportunities are all focused in London presently but there is potential to expand this
    • Currently there are two underlying companies – Ruth & Robinson and Caspar & Cole. Both of these must invest into approx. 6-10 opportunities so despite small-ish sounding portfolio of 2 companies it actually has the potential for up to 12-20 investee positions
    • Ruth & Robinson and Caspar & Cole both due to open first sites in Hackney and Soho respectively in Autumn 2016
    • Both have already started trading so certs should be used before end of 2016/tax year end
    • There will be opportunities to top up these investments at a share premium likely before TYE.
  • Titan
    • Sidcup site (Kent, near Bromley) focus of current fundraising
    • Draw-down likely to occur within next few weeks
    • Profitability occurs when 45% capacity of storage site reached – aimed at between 12-18 months. Prime occupancy is 80% – probably achieved within 2-2 ½ years