Portfolio Update
Source: GlobeNewswireOctopus AIM VCT 2 plc
Portfolio Update
The investment portfolio of Octopus AIM VCT 2 plc (the "Company") as at 20 September 2024 is as follows (the valuations being the unaudited valuations, at bid price, as at 31 July 2024):
| Portfolio Company | Sector | Book cost (£’000) | Movement in valuation (£’000) | Fair Value (£’000) |
| Hasgrove plc1 | Unquoted Investment | 153 | 5,400 | 5,553 |
| Breedon Group plc | Construction & Building | 573 | 3,547 | 4,120 |
| Craneware plc | Software & Computer Services | 479 | 3,084 | 3,563 |
| Judges Scientific plc | Electronic & Electrical | 171 | 2,491 | 2,662 |
| Animalcare Group plc | Food Producers & Processors | 824 | 1,609 | 2,433 |
| IDOX plc | Software & Computer Services | 356 | 2,020 | 2,376 |
| Learning Technologies Group plc | Support Services | 701 | 1,525 | 2,226 |
| Popsa Holdings Ltd1 | Unquoted Investment | 1,060 | 1,064 | 2,124 |
| Netcall plc | Telecommunication Services | 356 | 1,653 | 2,009 |
| GB Group plc | Software & Computer Services | 337 | 1,573 | 1,910 |
| Intelligent Ultrasound Group plc | Engineering & Machinery | 1,437 | 33 | 1,470 |
| PCI-Pal plc | Software & Computer Services | 863 | 606 | 1,469 |
| Equipmake Holdings plc | Electronic & Electrical | 1,414 | 28 | 1,442 |
| Brooks Macdonald Group plc | Specialty & Other Finance | 610 | 823 | 1,433 |
| Beeks Financial Cloud Group plc | Software & Computer Services | 302 | 1,121 | 1,423 |
| Vertu Motors plc | General Retailers | 777 | 560 | 1,337 |
| Next Fifteen Communications Group plc | Media & Entertainment | 302 | 935 | 1,237 |
| Maxcyte Inc | Pharmaceuticals & Biotech | 690 | 463 | 1,153 |
| Diaceutics plc | Pharmaceuticals & Biotech | 620 | 432 | 1,052 |
| EKF Diagnostics Holdings plc | Health | 737 | 250 | 987 |
| Scientific Digital Imaging plc | Technology Hardware | 119 | 833 | 952 |
| Pulsar Group plc | Software & Computer Services | 501 | 348 | 849 |
| Abingdon Health plc | Medical Equipment and Services | 1,077 | (311) | 766 |
| GENinCode plc | Medical Equipment and Services | 1,334 | (584) | 750 |
| Gamma Communications plc | Telecommunication Services | 183 | 526 | 709 |
| Itaconix plc | Industrial | 1,059 | (353) | 706 |
| Eden Research plc | Industrial | 1,080 | (382) | 698 |
| Sosandar plc | General Retailers | 1,235 | (551) | 684 |
| Verici Dx plc | Pharmaceuticals & Biotech | 1,044 | (397) | 647 |
| Nexteq plc | Technology Hardware | 338 | 286 | 624 |
| Strip Tinning Holdings plc Loan Notes | Electronic & Electrical | 600 | - | 600 |
| Cambridge Cognition Holdings plc | Health | 717 | (145) | 572 |
| Haydale Graphene Industries plc | Chemicals | 1,238 | (683) | 555 |
| Gear4music Holdings plc | General Retailers | 353 | 98 | 451 |
| TPXimpact Holdings plc | Support Services | 653 | (212) | 441 |
| Oberon Investments Group plc | Investment Banking & Brokerage Services | 576 | (147) | 429 |
| Cranswick plc | Food Producers & Processors | 404 | 24 | 428 |
| Ricardo | Construction & Building | 402 | 21 | 423 |
| WISE | Industrial | 404 | 4 | 408 |
| Feedback plc | Software & Computer Services | 1,000 | (597) | 403 |
| GSK plc | Pharmaceuticals & Biotech | 402 | (21) | 381 |
| Mattioli Woods plc | Specialty & Other Finance | 101 | 278 | 379 |
| llika plc | Energy | 706 | (340) | 366 |
| DP Poland plc | Leisure & Hotels | 678 | (347) | 331 |
| Restore plc | Support Services | 171 | 155 | 326 |
| Gooch & Housego plc | Electronic & Electrical | 281 | 41 | 322 |
| RWS Holdings plc | Support Services | 99 | 219 | 318 |
| MyCelx Technologies Corporation | Oil Services | 980 | (676) | 304 |
| Bytes Technology Group plc | Software & Computer Services | 326 | (28) | 298 |
| Advanced Medical Solutions Group plc | Health | 190 | 98 | 288 |
| Velocity Composites plc | Engineering & Machinery | 533 | (270) | 263 |
| Creo Medical Group plc | Pharmaceuticals & Biotech | 981 | (746) | 235 |
| Northcoders Group plc | Software & Computer Services | 253 | (42) | 211 |
| Alusid Limited1 | Unquoted Investment | 200 | - | 200 |
| Crimson Tide plc | Software & Computer Services | 378 | (189) | 189 |
| JTC plc | Investment Banking & Brokerage Services | 165 | 24 | 189 |
| Ixico plc | Health | 697 | (529) | 168 |
| Rosslyn Data Technologies plc | Software & Computer Services | 646 | (506) | 140 |
| Tan Delta Systems plc | Electronic & Electrical | 302 | (168) | 134 |
| Libertine Holdings plc | Industrial Engineering | 2,000 | (1,870) | 130 |
| Gelion plc | Electronic & Electrical | 760 | (634) | 126 |
| Rosslyn Data Technologies plc (Loan) | Software & Computer Services | 120 | - | 120 |
| KRM22 plc | Software & Computer Services | 454 | (341) | 113 |
| ENGAGE XR Holdings | Software & Computer Services | 1,253 | (1,140) | 113 |
| LungLife AI Inc | Pharmaceuticals & Biotech | 1,386 | (1,284) | 102 |
| Strip Tinning Holdings plc | Electronic & Electrical | 337 | (264) | 73 |
| XP Factory PLC | Leisure & Hotels | 659 | (588) | 71 |
| Mears Group plc | Support Services | 51 | 15 | 66 |
| TheraCryf plc | Pharmaceuticals, Biotechnology and Marijuana Producers | 700 | (634) | 66 |
| Enteq Upstream plc | Oil Services | 687 | (639) | 48 |
| 1Spatial plc | Support Services | 200 | (157) | 43 |
| DXS International plc | Software & Computer Services | 200 | (170) | 30 |
| Fusion Antibodies plc | Pharmaceuticals & Biotech | 497 | (479) | 18 |
| Tasty plc | Leisure & Hotels | 336 | (320) | 16 |
| Genedrive Plc | Pharmaceuticals & Biotech | 145 | (138) | 7 |
| Microsaic Systems plc | Engineering & Machinery | 922 | (922) | - |
| Sorted Group Holdings Plc | Software & Computer Services | 509 | (509) | - |
| Airnow plc1 | Unquoted Investment | 838 | (838) | - |
| The British Honey Company plc | General Retailers | 880 | (880) | - |
| Cloudified Holdings Limited | Software & Computer Services | 600 | (600) | - |
| Rated People Ltd1 | Unquoted Investment | 236 | (236) | - |
| ReNeuron Group plc | Pharmaceuticals & Biotech | 990 | (990) | - |
| Trackwise Designs plc | Electronic & Electrical | 1,289 | (1,289) | - |
| The Food Marketplace Ltd1 | Retailers | 200 | (200) | - |
| Eluceda Limited1 | Pharmaceuticals & Biotech | 200 | (200) | - |
Since 31 July 2024 Octopus AIM VCT 2 plc has made £0.8 million investments and £0.1 million disposals.
Unless otherwise stated, all the investments set out above:
– are not quoted on regulated markets;
– represent equity investments except in the case of Osirium which include investment through loan stock; and
– are in portfolio companies incorporated in the UK with the exception of:
Cloudified Holdings Limited - British Virgin Islands
ENGAGE XR Holdings plc - Republic of Ireland
JTC plc - Jersey
LungLife AI Inc – USA
MyCelx Technologies Corporation - USA
Breedon Group plc - Jersey
MaxCyte Inc - USA
1 Denotes unlisted company
Current Asset Investments (unaudited)
| Portfolio Company | Book cost (£’000) | Fair Value (£’000) |
| FP Octopus Microcap Growth Fund | 5,012 | 6,155 |
| FP Octopus Multi Cap Income Fund | 2,701 | 3,352 |
| FP Octopus Future Generations Fund | 1,252 | 1,271 |
| BlackRock ICS Sterling Liquidity Fund | 3,847 | 3,847 |
| JPMorgan Sterling Liquidity Fund | 3,813 | 3,813 |
| HSBC Sterling Liquidity Fund | 3,842 | 3,842 |
Since 31 July 2024 there has been no investments or disposals from the current asset investments.
The capitalisation of Octopus AIM VCT 2 plc as at 31 July 2024 was as follows:
| Shareholders' Equity | £’000s | |
| Called up Equity Share Capital | 19 | |
| Legal Reserves | 13,804 | |
| Other reserves | 69,916 | |
| Total | 83,739 | |
There has been no material change to the capitalisation since 31 July 2024.
For further information please contact:
Rachel Peat
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067
LEI: 213800BW27BKJCI35L17
