British Smaller Companies VCT 2 plc is a venture capital trust specializing in emerging growth, growth capital, acquisition funding, and development funding.
Share Price & News
How has British Smaller Companies VCT 2's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BSC has not had significant price volatility in the past 3 months.
7 Day Return
GB Capital Markets
1 Year Return
GB Capital Markets
Return vs Industry: BSC underperformed the UK Capital Markets industry which returned 11.9% over the past year.
Return vs Market: BSC underperformed the UK Market which returned -12.2% over the past year.
Price Volatility Vs. Market
How volatile is British Smaller Companies VCT 2's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is British Smaller Companies VCT 2 undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BSC (£0.44) is trading above our estimate of fair value (£0.26)
Significantly Below Fair Value: BSC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BSC is good value based on its PE Ratio (12.3x) compared to the Capital Markets industry average (14.7x).
PE vs Market: BSC is good value based on its PE Ratio (12.3x) compared to the UK market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BSC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BSC is good value based on its PB Ratio (0.8x) compared to the GB Capital Markets industry average (1.6x).
How is British Smaller Companies VCT 2 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as British Smaller Companies VCT 2 has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has British Smaller Companies VCT 2 performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSC has high quality earnings.
Growing Profit Margin: BSC's current net profit margins (72.4%) are higher than last year (72.3%).
Past Earnings Growth Analysis
Earnings Trend: BSC's earnings have grown by 10.2% per year over the past 5 years.
Accelerating Growth: BSC's earnings growth over the past year (1.8%) is below its 5-year average (10.2% per year).
Earnings vs Industry: BSC earnings growth over the past year (1.8%) underperformed the Capital Markets industry 16.4%.
Return on Equity
High ROE: BSC's Return on Equity (6.3%) is considered low.
How is British Smaller Companies VCT 2's financial position?
Financial Position Analysis
Short Term Liabilities: BSC's short term assets (£24.1M) exceed its short term liabilities (£166.0K).
Long Term Liabilities: BSC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BSC is debt free.
Reducing Debt: BSC has not had any debt for past 5 years.
Debt Coverage: BSC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BSC has no debt, therefore coverage of interest payments is not a concern.
What is British Smaller Companies VCT 2's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BSC's dividend (9.05%) is higher than the bottom 25% of dividend payers in the UK market (2.04%).
High Dividend: BSC's dividend (9.05%) is in the top 25% of dividend payers in the UK market (5.74%)
Stability and Growth of Payments
Stable Dividend: BSC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BSC's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.7%), BSC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
British Smaller Companies VCT 2 has no CEO, or we have no data on them.
|Non-Executive Director||19.5yrs||UK£18.00k||no data|
|Non-Executive Director||9.58yrs||UK£18.00k||no data|
Experienced Board: BSC's board of directors are seasoned and experienced ( 12.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
British Smaller Companies VCT 2 plc's company bio, employee growth, exchange listings and data sources
- Name: British Smaller Companies VCT 2 plc
- Ticker: BSC
- Exchange: LSE
- Founded: 2000
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£57.409m
- Shares outstanding: 129.88m
- Website: https://www.yfmep.com/investors-area/bscvct2/
- British Smaller Companies VCT 2 plc
- 5th Floor
- Valiant Building
- West Yorkshire
- LS1 5QS
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AH73||LSE (London Stock Exchange)||NEW ORD GBP0.10(RFD 1/1/2002)||GB||GBP||No data|
|BSC||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Apr 2001|
British Smaller Companies VCT 2 plc is a venture capital trust specializing in emerging growth, growth capital, acquisition funding, and development funding. It is an evergreen fund. The fund invests in a range of securities which may include ordinary and preference shares and fixed income securities, such as corporate bonds and gilts in VCT qualifying and non-qualifying securities. It seeks to invest in firms that have protectable technologies, business services, manufacturing and industrial services, healthcare, software, Information Technology, telecommunications, retail and brands. It prefers to invest in the United Kingdom. The fund invests between £1 million ($1.45 million) and £10 million ($14.48 million) in companies with sales value between £5 million ($7.24 million) and £25 million ($36.21 million). The fund prefers to take majority stake. The fund holds its investments for an average period of seven years.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 20:56|
|End of Day Share Price||2020/05/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.