RCS - Chrysalis Invs Ltd - Research from QuotedData

Chrysalis InvestmentsAnnouncement

09/09/2022 12:45

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RNS Number : 9722Y  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/
(https://quoteddata.com/research/chrysalis-investments-shepherding-portfolio-storm-qd/)

 

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NB: Marten & Co was paid to produce this note on Chrysalis Investments
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