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Octopus AIM VCT 2
(LSE:OSEC)
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Rating:53Neutral
Price Target:
30.00 p
â–¼(-15.25% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily held back by weak and volatile financial performance—especially persistent negative operating cash flow and unstable revenue/profitability—despite the strength of a debt-free balance sheet. Technicals are modestly supportive with neutral-to-positive momentum, and valuation is helped by a very high dividend yield but tempered by a relatively high P/E.
Positive Factors
Conservative, debt-free balance sheet
Having no reported debt materially lowers insolvency and financing risk for a VCT exposed to volatile AIM holdings. It preserves optionality to support portfolio companies, fund follow-ons, or wait for favorable exit markets without debt‑servicing constraints.
Negative Factors
Consistently negative operating cash flow
Persistent negative operating cash flow across multiple years signals the trust cannot consistently self‑fund operations or distributions from core activities. That increases reliance on portfolio realizations or external liquidity, heightening structural funding risk and limiting reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative, debt-free balance sheet
Having no reported debt materially lowers insolvency and financing risk for a VCT exposed to volatile AIM holdings. It preserves optionality to support portfolio companies, fund follow-ons, or wait for favorable exit markets without debt‑servicing constraints.
Read all positive factors
Octopus AIM VCT 2 (OSEC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£66.59M
Dividend Yield23.84%
Average Volume (3M)2.77K
Price to Earnings (P/E)28.8
Beta (1Y)>-0.01
Revenue Growth87.58%
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.01
Shares Outstanding220,493,740
10 Day Avg. Volume0
30 Day Avg. Volume2,768
Financial Highlights & Ratios
PEG Ratio-3.13
Price to Book (P/B)0.92
Price to Sales (P/S)-172.49
P/FCF Ratio-13.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Octopus AIM VCT 2 Business Overview & Revenue Model
Company Description
Operating as a venture capital trust, Octopus AIM VCT 2 plc primarily focuses its capital deployment on businesses trading on the Alternative Investment Market (AIM). The fund strategically targets a broad spectrum of industries for its investment...
How the Company Makes Money
Octopus AIM VCT 2 makes money primarily through investment returns generated by its portfolio of AIM-quoted holdings. Its main economic return drivers are: (1) capital gains when the market value of portfolio investments increases and gains are re...
Octopus AIM VCT 2 Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
78
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 604.00K | -412.00K | 1.66M | 724.00K | -2.37M | 18.74M |
| Gross Profit | -771.00K | -1.72M | 248.00K | -15.18M | -34.19M | 20.71M |
| EBITDA | 2.21M | 167.00K | -399.00K | -15.71M | -36.70M | 18.09M |
| Net Income | 2.21M | 167.00K | -399.00K | -15.71M | -36.70M | 18.09M |
Balance Sheet | ||||||
| Total Assets | 70.80M | 77.91M | 79.60M | 85.17M | 102.58M | 135.62M |
| Cash, Cash Equivalents and Short-Term Investments | 18.50M | 18.52M | 1.59M | 31.73M | 30.13M | 35.40M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 479.00K | 488.00K | 536.00K | 484.00K | 791.00K | 762.00K |
| Stockholders Equity | 70.32M | 77.42M | 79.06M | 84.69M | 101.79M | 134.85M |
Cash Flow | ||||||
| Free Cash Flow | -741.00K | -5.24M | -7.35M | -5.02M | -8.20M | -14.37M |
| Operating Cash Flow | -741.00K | -666.00K | -418.00K | -935.00K | -2.13M | -2.04M |
| Investing Cash Flow | 10.57M | 8.83M | -5.13M | 4.54M | -4.17M | -5.51M |
| Financing Cash Flow | -12.66M | -1.81M | -5.23M | -1.40M | 3.63M | 12.62M |
Octopus AIM VCT 2 Technical Analysis
Positive
35.40
Price Trends
30.03
Positive
29.86
Positive
29.75
Positive
Market Momentum
0.06
Positive
64.64
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:OSEC, the sentiment is Positive. The current price of 35.4 is above the 20-day moving average (MA) of 30.18, above the 50-day MA of 30.03, and above the 200-day MA of 29.75, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 64.64 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:OSEC.
Octopus AIM VCT 2 Peers Comparison
UnderperformOutperform
Sector (68)
GB:OSEC
Octopus AIM VCT 2
30.20
0.67
2.28%
GB:GV1O
Gresham House Renewable Energy VCT 1 PLC
5.50
-3.11
-36.11%
GB:GV1A
Gresham House Renewable Energy VCT 1 Plc Class A
5.05
0.00
0.00%
GB:PUAL
Puma Alpha VCT Plc
85.50
-12.00
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GB:TPV
Triple Point VCT 2011 PLC
87.00
1.99
2.34%
GB:PU13
Puma VCT 13 PLC
117.50
1.00
0.86%
Octopus AIM VCT 2 Corporate Events
Regulatory Filings and Compliance
Octopus AIM VCT 2 Confirms Total Voting Rights and Share Capital
Neutral
Aug 3, 2026
Octopus AIM VCT 2 plc has confirmed that, as of 31 July 2026, its issued share capital stands at 219,818,206 ordinary shares, with no shares held in treasury. This means the company’s total voting rights also amount to 219,818,206, defining ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Octopus AIM VCT 2 Cuts Share Count with Targeted Buyback
Neutral
Jul 23, 2026
Octopus AIM VCT 2 plc has bought back and cancelled 675,533 ordinary shares at a price of 29.9651p per share, as part of its ongoing capital management strategy. Following this transaction, the company’s issued share capital and total voting...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsFinancial DisclosuresRegulatory Filings and Compliance
Octopus AIM VCT 2 Delivers Modest Half-Year Gains Amid Market Volatility and Regulatory Change
Positive
Jul 22, 2026
Octopus AIM VCT 2 reported net assets of £70.3 million and a modest profit after tax of £0.7 million for the six months to 31 May 2026, with net asset value per share down year-on-year but delivering a total return of 0.8% once dividends...
Financial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Octopus AIM VCTs Publish Supplementary Prospectus for Expanded Share Offers
Positive
Jul 3, 2026
The boards of Octopus AIM VCT 2 and Octopus AIM VCT have published a Supplementary Prospectus for their ongoing Offers for Subscription, seeking up to £30 million with an additional £30 million over-allotment facility across the 2025/202...
Stock BuybackRegulatory Filings and Compliance
Octopus AIM VCT 2 Cuts Share Count After Buyback, Updates Voting Rights
Positive
Jun 18, 2026
Octopus AIM VCT 2 plc has cancelled 802,568 ordinary shares, repurchased on 18 June 2026 at a price of 30.5671p per share, as part of its ongoing management of share capital. This buyback modestly reduces the number of shares in issue, which can b...
Business Operations and StrategyDividendsPrivate Placements and FinancingRegulatory Filings and Compliance
Octopus AIM VCT 2 Adds Over 2.2 Million Shares Through Dividend Reinvestment
Positive
Jun 8, 2026
Octopus AIM VCT 2 has admitted 2,226,384 additional ordinary shares of 0.01p each to trading on the London Stock Exchange’s Main Market, following an allotment under its Dividend Reinvestment Scheme completed on 29 May 2026. The new shares a...
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Octopus AIM VCT 2 Expands Share Capital with New LSE Admission
Positive
Jun 8, 2026
Octopus AIM VCT 2 plc has admitted 49,611 new ordinary shares of 0.01p each to trading on the London Stock Exchange’s Main Market, taking the total number of shares in issue to 220,226,034. The newly issued shares are fully fungible with the...
Regulatory Filings and Compliance
Octopus AIM VCT 2 Confirms Total Voting Rights and Share Capital
Neutral
Jun 1, 2026
Octopus AIM VCT 2 plc has confirmed that, as of 31 May 2026, its issued share capital comprises 221,296,307 ordinary shares, with no shares held in treasury, giving a total of 221,296,307 voting rights. This updated share capital and voting rights...
DividendsPrivate Placements and FinancingRegulatory Filings and Compliance
Octopus AIM VCT 2 Expands Share Capital Through Dividend Reinvestment Issue
Positive
May 29, 2026
Octopus AIM VCT 2 plc has issued 2,226,384 new ordinary shares at 31.6p each to shareholders who chose to reinvest their final dividend via the company’s Dividend Reinvestment Scheme, rather than receive a cash payout. This move modestly inc...
Stock BuybackRegulatory Filings and Compliance
Octopus AIM VCT 2 Updates Share Capital After Buyback and Cancellation
Positive
May 21, 2026
Octopus AIM VCT 2 plc has cancelled 1,156,111 ordinary shares purchased on 21 May 2026 at a price of 30.0678p per share, as part of its ongoing share management activities. Following this buyback and cancellation, the company’s issued share ...
Regulatory Filings and ComplianceShareholder Meetings
Octopus AIM VCT 2 Secures Shareholder Backing at 2026 AGM
Positive
May 19, 2026
Octopus AIM VCT 2 plc reported that all resolutions proposed at its Annual General Meeting on 19 May 2026 were approved by shareholders on a show of hands. The company disclosed that valid proxies were lodged for 1.82% of its issued ordinary share...
Private Placements and FinancingRegulatory Filings and Compliance
Octopus AIM VCT 2 Issues New Shares and Updates Voting Rights
Positive
May 15, 2026
Octopus AIM VCT 2 plc has issued and allotted 49,611 new ordinary shares at 31.6p per share, matching the current net asset value, as part of its ongoing capital management and fundraising activities. The shares were allocated to investors who opt...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.