ShareProphets : tidm

EDGH

What An Underperformance - Edge: The End Of An Error (Or, Rather, Several)

Wednesday at 1.20pm – lunchtime, and thus no-one-is watching o’clock – the Edge Performance VCT (EDGH) announced proposals for its solvent liquidation. I have been a harsh critic of this VCT since December 2014 when I concluded that its alphabet soup of classes of shares, some of which I had invested in, were a total bargepole. How right I was! Thus this latest news marks the end of an era. Or the end of an error. But almost inevitably, there are a few things which might stick in the craw for its poor (and getting poorer) remaining shareholders.

By Nigel Somerville | Published 2022-12-15 08:14:30 |

Edge VCT – Still On Edge As A Total Shambles Emerges

The fallout from January’s much-delayed AGM and sack-the-board EGM still continues. Whilst the Board survived, the rebels – with ShareSoc in tow – have again cried foul and it remains to be seen how the situation can be resolved.

By Nigel Somerville | Published 2022-03-09 15:25:00 |

Edge Performance VCT – Board Survives but big questions remain

The Edge Performance VCT reconvened AGM and General Meetings finally took place today, including the sack-the-board requisitioned meeting. The bottom line is that the Board survived and voting was heavy so it is hard to complain, even if the eventual votes went against the rebels. But…..

By Nigel Somerville | Published 2022-01-18 08:11:20 |

Edge Performance VCT – Final Shoot-Out At the OK Corall Today, 10.30am

Today Edge Performance VCT (EDGH) finally holds its reconvened AGM from last August, and a separate General Meeting to decide whether to sack the Board and replace it with a new one intent on liquidating the portfolio or not. In the rebel corner sits ShareSoc with the strong support of SHareProphets, a former director who stepped down on the announcement that the now defunct I-Class shares would be paid off from the sale of an asset owned by the H-class shareholders whilst the H-shares got nothing, a proposed new director and, of course, a stack of H- and former I-class shareholders who requisitioned the meeting.

By Nigel Somerville | Published 2022-01-17 08:16:28 |

Edge Performance VCT – This Is Getting Desperate Ahead of Sack-The-Board EGM A Week Tomorrow!

Another missive, this time from the Chairman of Edge Performance VCT (EDGH) has found its way to ShareProphets Towers. You would never know there is a sack-the-board EGM called for a week tomorrow! The ShareProphets Translation Service explains…..

By Nigel Somerville | Published 2022-01-09 16:13:19 |

Edge Performance VCT – Fund Manager David Glick Hits Back Over “Untrue And Deliberate Disinformation” About Sir Peter Bazalgette

An email from David Glick, the founder of Edge Performance VCT (EDGH) and the founder and CEO of the VCT’s investment manager, noting untrue and deliberate disinformation about Sir Peter Bazalgette, a so-far unelected by the VCT’s shareholders director of Edge Performance VCT and Chairman of FTSE100 stalwart ITV (ITV) has turned up at ShareProphets Towers in the run-up to Edge’s reconvened (from August!) AGM and the sack-the-board EGM to be run the same day, 17^th January 2022. He is not pleased!

By Nigel Somerville | Published 2022-01-08 11:47:03 |

ShareSoc gives Edge VCT both barrels in letter to the FCA

Those guys at ShareSoc are so far ahead of the curve are they not? Look at the date on a letter sent to the FCA today regarding the disgraceful goings on at Edge VCT. Prescient or what? Anyhow we see eye to eye with ShareSoc on this matter and urge the FCA to stop jerking off on ESG porn and to intervene. The letter follows below.

By Tom Winnifrith | Published 2021-12-15 14:50:48 |

Edge Performance VCT – Broken Promises, Shareholders Denied….Is This What the FCA Wants?

It was always coming: fully-listed Edge Performance VCT (EDGH and EDGI) has now confirmed that its re-convened AGM – which was adjourned with no business having been covered way back on 31 August 2021 – is going to take place on Monday 17^th January 2022. If that is “as soon as possible” after 31 August 2021 then I am a banana. It was also announced that there will be an EGM as requisitioned (for the second time) to put alternative proposals to shareholders, including sacking the entire Board and placing the outfit into liquidation. But the poor old I-shareholders, who were promised that the entire Board would stand for re-election during 2021, yet not one of them has stood during 2021 – are set for the scrap heap ahead of the meeting. The cowardly Board has elected to disenfranchise them.

By Nigel Somerville | Published 2021-12-10 15:25:59 |

Edge Performance VCT – Is This The Longest Corporate Suicide Note In History?

In response to the second sack-the-board EGM requisition as detailed HERE the Board of Edge Performance VCT (EDGH and EDGI) has issued a letter to its H-share holders. The arrogance is breath-taking but the ShareProphets RNS Translation Service wonders if it is the longest corporate suicide note in history. The statement reads (in bold, with the ShareProphets RNS Translation in normal type):

By Nigel Somerville | Published 2021-12-06 09:34:36 |

Edge Performance VCT – now ShareSoc Launches A Second Sack-The-Board EGM Requisition

ShareSoc has not always seen eye-to-eye with ShareProphets, but on this occasion we stand firmly behind ShareSoc as it again attacks the Board of Edge Performance VCT (EDGH and EDGI). Sharesoc has now taken the unusual step of releasing an RNS which states:

By Nigel Somerville | Published 2021-12-04 10:01:15 |

Edge Performance VCT - Disenfranchisement Of I-Shares Almost Complete: Meet The Team Behind It

It was announced on Wednesday at no-one-is-watching o’clock (5.17pm) that trading in Edge Performance I-shares (EDGI) was to be halted the following morning. The disenfranchisement of the I-shares is almost complete.

By Nigel Somerville | Published 2021-11-28 09:30:57 |

Edge Performance VCT – Now A Corporate Governance Scandal Brews For H-Shareholders

I have commented extensively on the winding down of the I-shares at Edge Performance VCT (EDGI) amid what is surely a scandal of corporate governance. But what of the H-shares (EDGH), following the disposal of approximately 90% of the holding in Unity Software Inc for £10.9 million in cash, a 20 times return according to the company for an investment carried in the books at just £1.2 million, as announced on Thursday 18 November?

By Nigel Somerville | Published 2021-11-21 15:38:37 |

ShareSoc asks FRC to intervene at the corporate governance disaster that is Edge - full letter below

Now that ShareSoc is no long run by he who cannot be named it is, on occassion, sounding almost half sensible. Like my colleague Nigel Somerville, it has been sticking it to the disgraced Edge VCT (EDGI) and in that vein Cliff Weight has written to the Financial Reporting Council, FRC, asking it to intervene. It would not be the first regulator I'd think of in such circumstances but it all helps and Cliff pulls no punches in his letter which is below.

By Tom Winnifrith | Published 2021-11-20 15:18:46 |

Red Flags At Night: Edge Performance VCT Consigns I-Shareholders To The Dustbin, Denies Them Vote

At 3.41pm yesterday Edge Performance VCT (EDGH and EDGI) released an RNS announcing an Interim Dividend to be paid to I-class shareholders of 3.39p per share. Good news, one might think – but there is more to this than meets the eye.

By Nigel Somerville | Published 2021-11-19 08:17:32 |

EXPOSE: Edge, Sir Peter and ITV – Part Two: A Mirriad Of Conflicts

Yesterday I covered a link between apparently “independent” Director at Edge Performance VCT (EDGI and EDGH) Sir Peter Bazalgette and its lead fund manager Mr David Glick at Edge Creative Enterprise Fund. Today I turn to a company called Mirriad Limited, a company in which Edge Performance VCT saw a £3.3 million investment written down by 98% to just £50,000 in 2015. It was the biggest cause of Edge’s loss that year.

By Nigel Somerville | Published 2021-11-15 10:17:25 |

How Long Is A Promise At Edge Performance VCT?

On Tuesday 24^th August 2021 Edge Performance VCT (EDGH and EDGI) released its Annual Report for the year to February 2021 – almost two full months after the usual four month reporting deadline. It was the only VCT to claim an extension lamely citing Covid as the reason. In that report we were told, under the Statement of Corporate Governance on page 25 that:

By Nigel Somerville | Published 2021-11-15 08:12:26 |

Open Letter To ITV CEO Dame Carolyn McCall Ref Her Chairman and Edge Performance VCT

The stink arising from the alphabet soup that was Edge Performance VCT (EDGI and EDGH) continues to grow. I have written to Dame Carolyn McCall, the CEO of ITV (ITV) regarding the involvement of her chairman, demanding a full enquiry.

By Nigel Somerville | Published 2021-11-12 08:41:25 |

EDGEing Toward The Abyss

I see that the incumbents at Edge Performance VCT (EDGI and EDGH) haven’t yet got around to alerting the market that an EGM requisition proposing to give the majority of the board the boot has been in the in-tray for around a week now. Since ShareProphets reported that the requisition had gone in over a week ago and now The Telegraph has reported the same, is it not time for the board – including the chairman of ITV, Sir Peter Bazalgette, to ‘fess up?

By Nigel Somerville | Published 2021-11-09 13:10:32 |

Edge Performance VCT – Early Fireworks This Year as EGM Requisition Arrives: Bravo Cliff Weight and ShareSoc.

The Board of Edge Performance VCT (EDGH and EDGI) may not have quite got around to updating the market on this yet, but an EGM requisition has arrived with proposals to remove the entire board (barring one who was supposed to be standing down anyway). For Edge I-shareholders, it may not give them any extra cash back on their disastrous investment, but at least they will have the chance to take some satisfaction from sacking the board. But I fancy any potential reform may not be limited to just that – probably, in my view, to the advantage of the H-shares, the other remaining class left over from the alphabet soup that was Edge Performance VCT.

By Nigel Somerville | Published 2021-11-01 16:31:00 |

On The EDGE of Reason As I-Shareholders Await Opportunity To Show Disgust

I've been rummaging through the prospectus for the IPO of Edge Performance VCT I- and H-Shares from 2011 (EDGH and EDGI). Given the abject returns on the I-shares, which listed at £1 but will only see a total return after some nine or (for the fleetest of foot) ten years of about 46p once this class of share has been dispensed with shortly, I wonder what they were expecting upon investment. Let’s take a look.

By Nigel Somerville | Published 2021-10-31 08:20:27 |

previous 0 Page 1 of 2 (25 articles) next 5

Latest News

Show All

ANOTHER EXPOSE: Quantum Blockchain – it is still not telling the truth about the Italian house!

Tom Winnifrith Bearcast No 2: It's October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

Synectics – “confident in the group’s growth opportunity” but wasn’t it also confident before?, And…

Kendrick: surely statement needed on the placing that is underway?

Telecom Plus – trading update emphasises “encouraging progress”, but how ‘encouraging’ really?

Tom Winnifrith Bearcast No 1: Amaroq day

Marwyn Value Investors – interims, “a number of different routes to further value creation” BUY

MedPal AI – sales are vanity , cash is fact and so is a lack of it

Celebrus Technologies – I having previously questioned its contractual conversion from a “strong” pipeline, what about now a “Half Year Trading Update”?…

EXPOSE: Eden Biosolutions – revisiting the dodgy TerpeneTech transaction as new accounts out, this is as kosher as a pork pie

Recent Comments

COLINS27 Oct 2026

:-)

EXPOSE: Avacta Placing – the truth behind Project Hawkeye

TOM7 Oct 2026

got the pricing from AI, v much doubt there are any high class UYLs operating in Wrexham

EXPOSE: Avacta Placing – the truth behind Project Hawkeye

COLINS27 Oct 2026

You seem to know an awful lot about the pricing of Ukrainian young ladies.......The subject comes up more and more these days, is it 'book early' and avoid the Xmas rush?

EXPOSE: Avacta Placing – the truth behind Project Hawkeye

KUSSSB7 Oct 2026

Held since 91p, added @ 109. Very positive cast Tom, gold prospects, story changes weekly, you cannot ramp that.A good win for Evil, enjoy dinner with wife!

Tom Winnifrith Bearcast No 1: Amaroq day

PHIL55666 Oct 2026

As 19,451potential terrorist invade this country, it is OK that is down 40% on last year.The police turn up and escort them to their 3 star hotels with 3 meals a day some pocket money and lawyers and doctors and dentists.I have not looked but imagine their is not a Jew amongst them.Probably very few christians.Though more Muslims to vote Green and Labour and join protests.The police can do nothing but turn a blind eye to the grooming and rape gangs and protests.If you are white and you throw a plastic bottle at the police you can expect 2 years within days of the incident.Such is the UK, the political elite are building.

Tom Winnifrith Bearcast No 2: It’s October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

PHIL55666 Oct 2026

My 2000 AMRQ is not enough to compensate for my 2,000,000 KEFI. Though I am glad I bought some AMRQ.I like dividends, so look forward to even a small payment in the near future.

Tom Winnifrith Bearcast No 1: Amaroq day

TOM6 Oct 2026

My answer is that it is not necessary to consider hypothetical questions merely to know a little history. But folks on the left rarely know history other than the history of colonialism and white oppression learned in Black History Month.The Roman Empire did not borrow money, for a while it engaged in fiscal prudence spending what it could raise via taxes both on its own lands and on those that it colonised.But the demand for panes et circuses grew, the ancient equivalent of the welfare state and the BBC and worse still the costs of supporting a bloated military grew and eventually Rome engaged in MMT, it printed money or rather cut and cut the amount of silver in each coin. It worked for a while but then as folks realised that more coins chasing the same amount of hard assets caused inflation. And that caused societal breakdown as inflation always does as the gap between those with hard assets and wage power and those without grew. As always happens that leads to civil war and or societal breakdown ( see Weimar, 1600s England, etc).Inflation encouraged speculation rather than investment and distorted any idea of making a return on capital via hard work and so the economy floundered. Economic weakness and societal breakdown destroyed the Roman EmpireThat Lucian is why MMT is not just a duff theory but it is something that is proven not to work.

Win a bottle of champagne from Lucian Miers MMT contest

JAMES1N16 Oct 2026

I cannot see how TerpenTech can “pay” this time. Last occasion, if i understand right, it was by issuing shares, but given the percentage that Eden now hold, i cannot see this wheeze working this time round…

EXPOSE: Eden Biosolutions – revisiting the dodgy TerpeneTech transaction as new accounts out, this is as kosher as a pork pie