REG - Intuitive Invests.Gp - Financial Results

Intuitive InvestmentsAnnouncement

24/12/2024 07:00

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RNS Number : 1980R  Intuitive Investments Group plc  24 December 2024

24 December 2024

Intuitive Investments Group plc

Financial Results

Intuitive Investments Group plc (SFS: IIG) ("IIG" or the "Company"), the
closed-end investment company focussed on fast growing and high potential
opportunities in the technology, life sciences and healthcare sectors,
announces its financial results for the year to 30 September 2024. The full
report and accounts can be viewed by clicking on the following
link: https://iigplc.com/financial-reports/
(https://iigplc.com/financial-reports/)

Key Developments

 Strategic Investment in Hui10 Inc.
 ·    Investment in Hui10, a company integral to China's digital lottery
 transformation.
 ·    Established growth trajectory with innovative solutions like the
 Points Exchange for Lottery Tickets (PELT) platform, Lucky World HongBao (Red
 Envelope) platform and partnerships with UnionPay, Alibaba, and Qunar.
 ·    Key expansions include the rollout with 2,235 Lucky World Shops
 connected, 243,560 registered users and the opening of two flagship stores.
 ·    Recorded at fair value, with cost considered appropriate during the
 first year of the investment.
 Strengthened Leadership Team
 ·    Sir Nigel Rudd assumed the role of Chairman.
 ·    Giles Willits joined as Chief Investment Officer and Richard Kilsby
 was appointed as Non-Executive Director.

 

Financial highlights

                                         30 September 2024  30 September 2023  30 September 2022
 Net Assets (£)                          311.37 million     10.46 million      12.93 million
 Investments (£)                         306.32 million     8.78 million         11.16 million
 Cash (£)                                1.06 million       1.74 million       1.55 million
 Net Asset Value ("NAV") per share (£)   1.540              1.204              1.795

 

 

Sir Nigel Rudd, Chairman, commented:

"The past year has been transformative for Intuitive Investments Group. Our
strategic investment in Hui10 is a groundbreaking opportunity with the
potential to deliver long-term value for our shareholders. With a strengthened
leadership team I am confident that the foundations we have laid will drive
sustained growth in the years to come."

 

Enquiries:

 

 Intuitive Investments Group plc                    www.iigplc.com (http://www.iigplc.com/)

 Sir Nigel Rudd, Non-Executive Chairman             Via FTI Consulting

 Robert Naylor, CEO

 Giles Willits, CIO

 Zeus                                               +44 (0)20 3829 5000

 Nick Cowles / Graeme Summers / Dominic King

 FTI Consulting                                     +44 (0)20 3727 1000

 Jamie Ricketts / Valerija Cymbal / Jemima Gurney   IIG@fticonsulting.com

 

 

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a
portfolio concentrating on fast growing, high potential Technology and Life
Sciences businesses operating predominantly in the UK, continental Europe, the
US and APAC, utilising the Board's experience to seek to generate capital
growth over the long term for shareholders.

 About Hui10

Hui10 is a technology company with interests in two operating businesses,
Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital
transformation of the Chinese lottery. Huishi Dehua enables the market
expansion of the Chinese lottery through its proprietary technology platform.
Huishi Dehua is integrated into China's national card settlement system and
payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky
World is an ecommerce platform which provides China's existing lottery shops
access to a wider fast-moving consumer goods product offering. Hui10 owns 60%
of Lucky World.

 

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