Oh no.... Albion today announces that things look much worse than even I thought.
It's all in the timing.... https://data.fca.org.uk/artefacts/NSM/Portal/NI-000106957/NI-000106957_213800SYIQPA3L3T1Q68-2024-06-30.xhtml RNS filed at National Storage Mechanism today with AGM Notice and Publication of accounts for Albion Crown. The Chairman says: During the Company’s financial year, we disposed of 7% of our stake in Quantexa, which is now by far our largest investment by value, in conjunction with some of the other Albion VCTs. This was in order to manage our exposure to any individual company. The consideration of £1.2 million received represented a 9.4 times return on the weighted average cost of shares sold, and returned 65% of the cost of our entire holding in Quantexa. The purchasers were experienced financial investors which elected to leave the shares under Albion’s management, thus ensuring that Albion’s overall influence, including voting rights, would not be diluted. Further details are given in a note to realisations table on p...