Yesterday Allied Minds wrote down 7 subsidiaries, which equated to $146.6m or around 25% of the portfolio. We place both our recommendation and price target under review. They basis for our valuation is trading at a premium to book value and given the significant change in book value we place this under review until further clarity from the company. Although the statement refers to the potential sale of these subsidiaries we believe it is unlikely we will see any material kick back. It is pos
06 Apr 2017
Technology Transfer
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Technology Transfer
Yesterday Allied Minds wrote down 7 subsidiaries, which equated to $146.6m or around 25% of the portfolio. We place both our recommendation and price target under review. They basis for our valuation is trading at a premium to book value and given the significant change in book value we place this under review until further clarity from the company. Although the statement refers to the potential sale of these subsidiaries we believe it is unlikely we will see any material kick back. It is pos