| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 112.82 | 300 |
| Intrinsic value (DCF) | 12.52 | -56 |
| Graham-Dodd Method | 0.11 | -100 |
| Graham Formula | n/a |
Maven Income and Growth VCT 5 PLC (MIG5.L) is a UK-based venture capital trust (VCT) specializing in growth capital investments in smaller, unquoted UK companies and AIM/PLUS-listed firms that qualify for VCT status. As part of the Maven Capital Partners group, the fund focuses on delivering tax-efficient returns to investors through a diversified portfolio of high-potential small and medium-sized enterprises (SMEs). Operating in the Financial Services sector under Asset Management - Income, Maven Income and Growth VCT 5 PLC leverages its expertise in private equity to support UK businesses while offering shareholders dividend income and capital appreciation. The trust is listed on the London Stock Exchange (LSE) and adheres to strict VCT regulations, ensuring tax relief eligibility for investors. With a market cap of approximately £68.96 million, the fund plays a key role in fostering UK SME growth while providing a structured investment vehicle for those seeking exposure to early-stage ventures.
Maven Income and Growth VCT 5 PLC offers investors a tax-efficient vehicle for exposure to UK SMEs, with a focus on capital growth and dividend income. The trust's net income of £4.14 million and diluted EPS of 2.04p indicate stable profitability, though negative operating cash flow (-£619k) suggests reinvestment needs. With no debt and £9.23 million in cash reserves, the fund maintains a strong liquidity position. The dividend yield, supported by a 2p per share payout, enhances its appeal to income-focused investors. However, the low beta (0.13) suggests limited correlation with broader market movements, which may appeal to risk-averse investors but could limit upside during bull markets. The fund's success hinges on its ability to identify high-growth SMEs, making its performance sensitive to UK economic conditions and VCT regulatory stability.
Maven Income and Growth VCT 5 PLC operates in a niche segment of the UK asset management industry, specializing in VCT-qualifying investments. Its competitive advantage lies in its affiliation with Maven Capital Partners, which provides deep expertise in UK SME financing and a robust deal-sourcing network. The trust’s strict adherence to VCT rules ensures tax benefits for shareholders, a key differentiator versus conventional equity funds. However, its focus on unquoted and small-cap firms introduces higher illiquidity and business risk compared to larger private equity funds. The fund’s zero-debt structure and cash reserves provide flexibility in downturns, but its small scale (market cap ~£69m) limits its ability to compete for larger deals against major private equity players. Performance is highly dependent on the UK SME ecosystem, exposing it to regional economic fluctuations. While its dividend policy attracts income investors, the negative operating cash flow indicates reliance on portfolio exits or fundraising for distributions, a potential risk if market conditions weaken.