TEK reported H122 financial results with an increase in net assets to US$77m +13% sequentailly. This translates to a a value of US$0.51/shr. The changes in NAV for the period are the increase in tangible value of Lucyd plc by US$9.7m and Salarius by US$1.6m, and a decrease in Belluscura by US$3.8m since 30 Nov 2021. As at 31 May 2022, TEK had cash of US$1.15m, which included a fundraise of US$2.5m (some of which was received post 31 May 2022). Funds are being used for working capital, and to sup ....
28 Jul 2022
SP Angel Spec Sits: H122 Results Show Growing NAV (TEK LN)
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SP Angel Spec Sits: H122 Results Show Growing NAV (TEK LN)
Tekcapital Plc (TEK:LON) | 8.8 0 0.0% | Mkt Cap: 17.5m
- Published:
28 Jul 2022 -
Author:
Vadim Alexandre | Tania Maciver | Liam Gascoigne-Cohen -
Pages:
5
TEK reported H122 financial results with an increase in net assets to US$77m +13% sequentailly. This translates to a a value of US$0.51/shr. The changes in NAV for the period are the increase in tangible value of Lucyd plc by US$9.7m and Salarius by US$1.6m, and a decrease in Belluscura by US$3.8m since 30 Nov 2021. As at 31 May 2022, TEK had cash of US$1.15m, which included a fundraise of US$2.5m (some of which was received post 31 May 2022). Funds are being used for working capital, and to sup ....