| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 536.78 | 970 |
| Intrinsic value (DCF) | 22.58 | -55 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
Mobeus Income & Growth VCT Plc (LSE: MIX.L) is a UK-based venture capital trust (VCT) specializing in mature-stage investments in unquoted companies. Focused on the UK market, the fund provides capital ranging from £0.02 million to £1 million, structured as a mix of equity and loans, targeting businesses with gross assets not exceeding £15 million. Operating in the Financial Services sector under Asset Management - Income, Mobeus aims to deliver shareholder returns through a diversified portfolio of growth-oriented private companies. As a VCT, it offers tax-efficient investment opportunities under UK regulations, appealing to investors seeking exposure to private equity with income-generating potential. With a disciplined investment approach, Mobeus leverages its expertise in identifying scalable, cash-generative businesses, positioning itself as a key player in the UK's venture capital landscape.
Mobeus Income & Growth VCT Plc presents a niche investment opportunity for those seeking tax-efficient exposure to UK-based private companies. The fund's focus on mature-stage businesses mitigates some early-stage risks, but its recent negative net income (-£1.16 million) and operating cash flow (-£0.67 million) raise concerns about short-term performance. However, its dividend yield (2p per share) and zero debt balance sheet provide stability. The low beta (0.1) suggests minimal correlation with broader markets, offering portfolio diversification benefits. Investors should weigh the tax advantages against liquidity constraints typical of VCTs and the inherent risks of unquoted company investments. The fund's £167 million market cap indicates established scale in the VCT space.
Mobeus competes in the specialized UK VCT market, differentiating itself through a disciplined focus on mature-stage companies with proven business models—a contrast to peers targeting earlier-stage ventures. This strategy reduces some risk but may limit upside potential compared to more aggressive VCTs. The fund's hybrid equity/loan investment structure provides downside protection while maintaining equity participation. Its £1 million maximum investment size positions it between micro-VCTs and larger private equity players. Mobeus's competitive edge lies in its experienced team's ability to identify cash-generative businesses ready for scaling, combined with the tax benefits inherent to VCT status. However, its performance metrics trail some peers, evidenced by negative EPS (-0.62p). The fund's zero debt balance sheet provides financial flexibility but its negative operating cash flow suggests portfolio companies may require follow-on funding. In the crowded UK VCT space, Mobeus must demonstrate superior selection capabilities to justify its place in investors' portfolios.