Chrysalis Investments’ latest quarterly NAV update showed a 2.9% increase in NAV per share to 147.46p, which reflected uplifts in the carrying values of Starling Bank, Smart Pension, and Klarna (amongst others) and write-downs in wefox and Tactus. The Group’s “likely disposal” is still ongoing, which could result in a sizeable injection of liquidity, taking gross cash to over £70m by our estimate. This would free up c. £20m for share buybacks according to the newly approved policy, which would h ....
07 May 2024
Chrysalis Investments (CHRY LN) - Quarterly NAV update
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Chrysalis Investments (CHRY LN) - Quarterly NAV update
Chrysalis Investments Limited (CHRY:LON) | 79.2 1.9 3.1% | Mkt Cap: 471.4m
- Published:
07 May 2024 -
Author:
Robin Savage | Carl Smith, CFA -
Pages:
5
Chrysalis Investments’ latest quarterly NAV update showed a 2.9% increase in NAV per share to 147.46p, which reflected uplifts in the carrying values of Starling Bank, Smart Pension, and Klarna (amongst others) and write-downs in wefox and Tactus. The Group’s “likely disposal” is still ongoing, which could result in a sizeable injection of liquidity, taking gross cash to over £70m by our estimate. This would free up c. £20m for share buybacks according to the newly approved policy, which would h ....