Although the Q3 NAV performance was not particularly upbeat (2.4% decline), this was mostly related to the poor reception to the long awaited IHS IPO; looking at the unlisted subsidiaries and solid revenue growth shown in Q3, placing them above their pre-pandemic levels, bode well for potential valuation upgrades at the year-end and support a positive NAV progression.
02 Nov 2021
Q3 21: encouraging performance of the unlisted subsidiaries
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Q3 21: encouraging performance of the unlisted subsidiaries
- Published:
02 Nov 2021 -
Author:
Jorge Velandia -
Pages:
2
Although the Q3 NAV performance was not particularly upbeat (2.4% decline), this was mostly related to the poor reception to the long awaited IHS IPO; looking at the unlisted subsidiaries and solid revenue growth shown in Q3, placing them above their pre-pandemic levels, bode well for potential valuation upgrades at the year-end and support a positive NAV progression.