I dabbled in this a while back (though it has since fallen back, I suppose in sympathy with general market sentiment) and came out near the top purely to invest else-where ....
I have already asked for opinins on this on TA, but due to its slow price movement, couldn't get much info / advice. I re-present this here only because @ 30.50p it looks cheap if a repeat of last year's special dividend is of 15.5p materialises. They did make an interin dividend sometime last year / early this year of aroung 1p, which to my memory was quite chunky. Anyone with opinions on the divi harvest et al ...?

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I really hope some-one dipped into this one (due to lack of responses here, I put it off my radar, and how I wish I hadn't!). Anyway, seems to be in response of an RNS regarding disposal...Could this mean that another special div is up again for this Sep?

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Edited Press Release LONDON (Dow Jones)--F&C Private Equity Trust (F&CPET) said it has entered into an agreement for the sale of its interest in the Dakota, Minnesota & Eastern Railroad Corporation (DM&E) in a transaction which will merge DM&E with the Canadian Pacific Railway. F&CPET through its predecessor, Scottish Eastern Investment Trust, originally invested in DM&E over 20 years ago. The company said: "DM&E operates 2500 miles of track in the Midwest USA and has been pursuing a strategy to become the third rail carrier that is needed in Wyoming's Powder River Basin. The Powder River Basin is North America's largest and most rapidly growing source of low-cost, low sulphur coal as well as the largest single rail market. "The transaction is expected close in the next 30 to 45 days. The total price being paid for DM&E is $1.48bn payable at closing with future contingent payments of up to a further $1.0bn payable if certain performance criteria, relating to the development of the Powder River Basin project, are met prior to December 31st 2025. "F&CPET's investment was valued at GBP12.1 million at 31st March 2007 and has been written up to GBP22.6 million reflecting the estimated initial net consideration. No value has been ascribed to the deferred consideration, given the conditional nature of the proceeds. "The increase in the valuation from the initial consideration represents an uplift in the NAV of 9.9 pence per A share and 5.4 pence per B share." F&C Private Equity Trust will release its interim results and updated NAV on Sep. 18, 2007. (END) Dow Jones Newswires September 05, 2007 03:20 ET (07:20 GMT
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does anyone still think this was and still is a good bet?

A bit dramatic here ...... can't find any news, anyone?

Ex return of capital 36.25p today.

small steady increments here; anybody think this to be a good banker?