Chrysalis Investments Limited Research from QuotedData
September 09 2022 - 7:36AM
RNS Non-Regulatory
TIDMCHRY
Chrysalis Investments Limited
09 September 2022
Chrysalis Investments - Research from QuotedData
9(th) September 2022
Shepherding its portfolio through the storm
In its first three years, Chrysalis Investments (CHRY) generated
significant net asset value (NAV) and share price returns for
investors by building an exciting portfolio of fast-growing,
disruptive and potentially market-leading companies. An abrupt
change in sentiment towards these types of businesses has since
impacted on CHRY's NAV, with falls in the values of listed
investments and a notable write down in the valuation of Klarna.
However, this is set against good news coming from portfolio
companies such as Starling Bank and wefox.
In a market where financing for growth companies has become
harder to obtain, CHRY is fortunate to have cash on hand from its
first full exit to support portfolio companies, if needed. However,
increasingly, these businesses are becoming profitable and
cash-generative.
The extreme discount that CHRY's shares trade at relative to NAV
represents a significant cushion against any further bad news. In
time, sentiment will switch back, and if the portfolio lives up to
the potential that the advisers believe it has, CHRY's current
share price has a long way to climb.
Full research:
https://quoteddata.com/research/chrysalis-investments-shepherding-portfolio-storm-qd/
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