Chrysalis Investments Ltd - investor in technology and finance startups - Net asset value as at March 31 is 130.03 pence per share, up 1.4% from 128.26 pence per share on December 31. Says positive movement in fair value of the portfolio added about 3.1p per share, while negative currency movement subtracted 1.2p. Looking ahead, says its assets are ‘growing strongly, are well-funded and attractively valued versus listed peers’. Cash as at March 31 stands at £43 million.

Co-portfolio managers Richard Watts and Nick Williamson say: ‘It is encouraging to see a modest increase in the company’s NAV over the recent quarter. Many listed peers have fared favourably since the turn of the year, and this is reflected in the valuation uplifts within the Chrysalis portfolio.’

Current stock price: 58.03 pence each, up 2.9% on Thursday afternoon in London

12-month change: down 60%

Copyright 2023 Alliance News Ltd. All Rights Reserved.