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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Chrysalis Investments Limited | CHRY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.70 | 3.39% | 82.30 | 16:35:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 79.20 | 79.20 | 84.00 | 82.30 | 79.60 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
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Posted at 22/4/2024 13:57 by bielsainvestor Tipped in Friday's FT:Fintech finally starts to add up for investors "...One repercussion is that we may see more fintechs list on stock markets over the next year. UK-listed venture capital fund Chrysalis — one of my favourite investments at the moment — has a stake of about 1.1 per cent in Klarna, on a net asset value of $11bn, whereas the rumoured IPO price is closer to $20bn. Another key holding for the investment trust is insuretech business WeFox, which is showing signs of rapid growth...." |
Posted at 17/4/2024 14:54 by speedsgh Starling Bank has been talked about as an IPO candidate for years, so could 2024 finally be the year its IPO happens?The bank made £194.6 million pre-tax profit in the year to March 2023 and a 29% return on tangible equity. Growth has come from increased lending and a higher base rate – the latter is an area to watch if the Bank of England starts to cut rates as that could have a negative impact on Starling’s earnings. Costs have gone up at a slower pace than revenue and overall fixed costs are lower than a traditional bank because Starling is not weighed down by clunky legacy technology systems that have been an anchor for many of its bigger rivals. The key hurdle to clear is finding a new chief executive as founder Anne Boden last year surprised everyone by stepping down after a row with investors. |
Posted at 09/4/2024 17:48 by riverman77 Yes really bad. After speaking to them it appears to have been driven by the FCA, supposedly to protect retail investors. If you want to deal you need to call them up each time and ask them to temporarily remove block, but this generally involves a 10 minute wait and getting through all the security questions each time. |
Posted at 09/4/2024 15:38 by riverman77 Just tried to add a few of these on AJ Bell and informed it is restricted from dealing. I presume this is something to do with the idiotic risk warning they sent a couple of weeks ago saying CHRY may not offer value for money. I also wonder if this is the reason for the recent weakness - if investors can't buy it then that's surely going to weigh on the share price. Really annoying that brokers are interfering in this way. |
Posted at 04/4/2024 08:12 by speedsgh Citywire had to update the above article later in the day yesterday following a call from AVI pointing out that they had increased their shareholding in CHRY to 8.4% in March...Asset Value Investors hails Chrysalis ‘inflection point’ with 8.4% stake - |
Posted at 03/4/2024 09:32 by bielsainvestor Asset Value Investors hails Chrysalis ’inflection point’ with 5.7% stakeActivist manager of AVI Global scoops up £27m position in Chrysalis Investments, making it the recovering growth capital fund’s largest shareholder. Investment company activist Asset Value Investors has scooped up a £27m stake in Chrysalis Investments (CHRY), making it the largest shareholder of the growth capital fund that looks to build on a strong recovery in the past year and put the trauma of its 2022 crash behind it. Stock exchange filings show AVI bought a 5.7% stake in Chrysalis on 27 February, two-and-a-half weeks before the investment company passed a continuation vote with the support of 97% of voting shareholders. Most of the stake is held in AVI Global (AGT), the £1bn investment trust managed by AVI chief executive Joe Bauernfreund, which specialises in buying out-of-favour closed-end funds and holding companies. The filings indicate just over 2% of AGT’s assets are in the late-stage private equity fund run by ex-Jupiter fund managers Richard Watts and Nick Williamson. This puts AVI in the driving seat to ensure Chrysalis continues to prioritise shareholder returns and narrows its wide discount. The shares have staged an impressive recovery in the last 12 months, rallying 60% on hopes of interest rate cuts and the flotation of holdings such as credit provider Klarna that could fund a £100m share buyback programme. However, they are still less than a third of their peak in September 2021 and trail 45% below net asset value (NAV). ‘With a maturing portfolio and potentially more supportive IPO markets ahead in 2024 and 2025, we believe Chrysalis is at a key inflection point with scope for material NAV upside from what is now significantly more conservative carrying values for its key assets,’ AGT’s head of research Tom Treanor said. ‘While the new capital allocation policy ensures that the next £100m of exit proceeds will be deployed into share buybacks that will be highly accretive given the very wide prevailing discount to NAV, we look forward to continuing our constructive dialogue with the board – as the company’s largest shareholder – on what a longer-term capital allocation policy might look like.’ AVI’s purchase comes not long after managers Watts and Williamson spun off the the £887m portfolio from Jupiter, which they manage at their new firm, Chrysalis Investment Partners. This is the second time in the past year that AVI has emerged with a big holding before a continuation vote. In September it hiked its position in Hipgnosis Songs Fund (SONG) to 3.1% a month before two key shareholder meetings. It successfully led investor opposition to a controversial asset sale that saw the company lose the continuation vote, prompting a strategic review under a new board. |
Posted at 22/3/2024 09:28 by bielsainvestor Pensions provider Smart makes layoffs as it closes Series E roundExisting investors Fidelity International Strategic Ventures and Chrysalis Investments were involved in the £37.1m Series E extension |
Posted at 29/2/2024 14:44 by 74tom Re. Klarna, the CHRY RNS from 11/07/22 is helpful;I'd missed the fact they added an extra $8.7m at what is around 30% of the mooted IPO valuation; "Today, the Company can report that Klarna Holding AB ("Klarna") has announced an $800m funding round that values the company at $6.65 billion post new money. The round, which was larger than anticipated, was led by Sequoia Capital and has been undertaken at a valuation that represents a material discount to the Company's current carrying value of the asset. Other investors in the round include Silver Lake and Commonwealth Bank of Australia, both existing investors, and new investors such as Mubadala Investment Company and the Canadian Pension Plan Investment Board. The Company's Investment Adviser believes the current valuation to be very attractive, and the Company has therefore committed to its pro-rata entitlement of $8.7 million. Consequently, the Company will not suffer any dilution of its holding because of this funding round." If they had to add in $8.7m out of an $800m round to maintain their holding then it tells us that they in fact own 1.0875% of Klarna So a $20b pre money valuation would equate to $217.5m of NAV, which at the current FX rate = £171.8m / 28.8p per share & would be a 13.2p uplift on the last NAV figure |
Posted at 31/1/2024 16:38 by kenmitch arja.I’m one of many competent investors who holds our successful share and Investment Trust shares for many years. The suggestion that doing this leads to big losses is nonsense and shows lack of understanding about how to INVEST successfully. If a share or Tdust we hold issues bad news then again competent investors know it’s often best to sell and take the profit or loss at that point. The result with this tactic is a portfolio where most of the holdings are in profit and some longer term holdings that have multibagged. I’m not against trading and do it sometimes but usually only with a small trading stake as an addition to my core holding. |
Posted at 30/10/2023 11:15 by captain stock Chrysalis Investments Limited Quarterly NAV Announcement and Trading UpdateSource: UK Regulatory (RNS & others)TIDMCHRYRNS Number : 6194RChrysalis Investments Limited30 October 2023The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area (other than to professional investors in Belgium, Denmark, the Republic of Ireland, Luxembourg, the Netherlands, Norway and Sweden), Canada, Australia, Japan or the Republic of South Africa.30 October 2023Chrysalis Investments Limited ("Chrysalis" or the "Company")Quarterly NAV Announcement and Trading UpdateNet Asset ValueThe Company announces that as at 30 September 2023 the unaudited net asset value ("NAV") per ordinary share was 134.65 pence.The NAV calculation is based on the Company's issued share capital as at 30 September 2023 of 595,150,414 ordinary shares of no par value.September's NAV represents a 2.21 pence per share (1.6%) decrease since 30 June 2023.Movement in the fair value of the portfolio accounted for approximately 3.99 pence per share, with foreign exchange generating a favourable movement of approximately 2.01 pence per share. Fees and expenses make up the balance.Investment Adviser CommentsRichard Watts and Nick Williamson (co-portfolio managers) comment:"The NAV was broadly flat over the period, largely mirroring the performance of key equity markets. Notwithstanding this, the IPO market continued to show signs of life, with ARM listing in the US towards the back end of the quarter. We also note that Instacart and Klaviyo listed over the period and while their post-IPO performances have been mixed, we believe that this represents a step in the right direction. Private equity markets have also seen signs of recovery as the interest rate and macro-economic picture becomes clearer. Deal volumes are increasing from a low point in Q1 2023, and the tech sector remains key for PE.We consider both public and private exit routes as viable options. The portfolio contains a number of later-stage assets, either profitable or funded to profitability, that we believe will make very attractive targets in due course, with some considered "IPO ready". With this in mind, Klarna's comments in the period that the 'requirements have been met' to consider an IPO were encouraging to us.Our key assets are continuing to perform well from both an operational and financial perspective; this gives us confidence in the potential of the portfolio to drive NAV progression."Portfol |
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