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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Chrysalis Investments Limited | LSE:CHRY | London | Ordinary Share | GG00BGJYPP46 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.90 | 1.13% | 80.50 | 157,605 | 08:11:50 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 80.10 | 80.50 | 80.50 | 79.20 | 79.20 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | -71.53M | -78.23M | -0.1315 | -6.05 | 473.74M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:11:08 | AT | 614 | 80.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 22/4/2024 | 07:43 | UK RNS | Chrysalis Investments Limited Update on claim against Revolution Beauty.. |
| 15/3/2024 | 15:05 | UK RNS | Chrysalis Investments Limited Result of AGM & EGM |
| 14/3/2024 | 12:28 | UK RNS | Chrysalis Investments Limited Holding(s) in Company |
| 13/3/2024 | 11:36 | UK RNS | Chrysalis Investments Limited Holding(s) in Company |
| 11/3/2024 | 15:21 | UK RNS | Chrysalis Investments Limited Holding(s) in Company |
| 07/3/2024 | 11:52 | ALNC |  IN BRIEF: Chrysalis makes further investment in Smart Pension |
| 07/3/2024 | 07:00 | UK RNS | Chrysalis Investments Limited Portfolio Update |
| 01/3/2024 | 15:01 | UK RNS | Chrysalis Investments Limited Holding(s) in Company |
| 29/2/2024 | 09:48 | UK RNS | Chrysalis Investments Limited Holding(s) in Company |
| 08/2/2024 | 14:52 | UK RNS | Chrysalis Investments Limited Update from QuotedData |
Chrysalis Investments (CHRY) Share Charts1 Year Chrysalis Investments Chart |
|
1 Month Chrysalis Investments Chart |
Intraday Chrysalis Investments Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/4/2024 | 16:41 | Chrysalis Investments | 296 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 07:11:08 | 80.50 | 614 | 494.27 | AT |
| 07:11:08 | 80.40 | 631 | 507.32 | AT |
| 07:11:08 | 80.00 | 22 | 17.60 | AT |
| 07:09:55 | 80.00 | 10,000 | 8,000.00 | O |
| 07:09:27 | 79.70 | 2,922 | 2,328.83 | AT |
| Top Posts |
|---|
Posted at 25/4/2024 09:20 by Chrysalis Investments Daily Update Chrysalis Investments Limited is listed in the Finance Services sector of the London Stock Exchange with ticker CHRY. The last closing price for Chrysalis Investments was 79.60p.Chrysalis Investments currently has 595,150,414 shares in issue. The market capitalisation of Chrysalis Investments is £473,739,730. Chrysalis Investments has a price to earnings ratio (PE ratio) of -6.05. This morning CHRY shares opened at - |
Posted at 09/4/2024 18:39 by riverman77 It's more the principle here - someone blocking me from investing on the basis that it's deemed too risky in some way! And also pretty inconvenient dealing on the phone, as I was kept waiting a good 10 minutes (not the usual dealing service which is fairly quick, but had to be put through to a separate dealing team to unblock it). More seriously, I suspect this decision could be a factor in the recent share price weakness. |
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 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 29/2/2024 09:40 by donald pond OK, thinking about this, the way it makes some sort of sense...CHRY owns around 1% of Klarna Klarna floats for $18bn CHRY stake is worth $180m There are 595m shares in issue That works out at 30c/share Quite different to "The managers envisage that Klarna could be worth about $18bn based on Klarna trading on the same gross profit multiple as closest-listed peer, Affirm. CHRY has a 1% stake. On those figures, a Klarna sale could add about 30p to the NAV." If that is the case, it is pretty poor that the Company allowed it to go out like that. And thanks Tom and Rimeau for highlighting |
Posted at 28/2/2024 09:58 by 74tom My calcs are similar, it looks to be valued at around $10.5b, at 31/12 it was held at a value of £93.2m and the last disclosed cost of £71.5m was provided in the June accounts. This tallies with the fact they they invested £23m in August 2019 at a valuation of $5.5b and a further $50m in September 2020 at $10.5b. So at the last NAV date they were at breakeven on the 2020 investment and around 90% up on the 2019 sum. They also have an unrealised FX gain from the dollar strengthening over the invested period.At the mooted $20b IPO value they would have a liquid investment with a value of ~£170-190m (depending on IPO dilution), which is around 33% of the current market cap. On a NAV basis it would add around 15p to the last reported number of 143.37p (180-93/595 million shares), meaning the current share price is trading at a 44% discount... From the annual results; "While speculation has swirled around Klarna's IPO over the last few years, this is the first time the Investment Adviser has seen the company publicly state conditions are now "in place" for it to consider such a move. The ramifications for Chrysalis of an exit that at least underpins the asset's valuation are hard to understate. Such a move could potentially deliver substantial liquidity into the Company and allow the new CAP to come into effect." Has to be a strong buy now, this was the key catalyst I had been wating for. |
Posted at 30/1/2024 18:51 by tole https://masterinvest |
Posted at 30/1/2024 12:49 by knowing Hat tip to AffanZeus Capital initiated coverage. Make an note of some of the things they say: " We estimate Chrysalis’ stake in Starling could be worth 33% more, equivalent to an additional 9.6p of NAV per share. Further, we think Chrysalis’ stake in Klarna could be worth c. 80% more (£169m), equivalent to an additional 12.4p of NAV per share. This uplift in Starling and Klarna would increase NAV per share by 15% to 165p, making the Chrysalis shares trade at a 52% discount. We see no reason why the carrying value of other major assets is too high, particularly as the interest rate tightening cycle in the UK, US and Eurozone comes to an end and discount rates start to fall." " Furthermore, on 5 December Chrysalis announced it had visibility over a disposal that would add 5.5p per share to the Group’s NAV at 30 September 2023, which we estimate could result in an inflow of £56m if it relates to one of its three medium sized investments (see page 16), taking cash to c. £75m" |
Posted at 12/1/2024 14:07 by davebowler Analysts: Shonil Chande and Alex O’HanlonCHRY: Mkt Cap £399m | Share price 67.1p | Prem/(disc) -50.2% | Div yield n/a Event Each quarter Liberum’s sector teams list their most preferred stocks on a 6- to 12-month time horizon. Chrysalis Investments and Octopus Renewables Infrastructure were selected by the Alternative Funds team. Chrysalis Investments –Core portfolio nears summit climb CHRY’s investment case is underpinned by the potential for accretive stake sales/exits within the core portfolio, with Klarna and Starling Bank amongst the companies considered close to or IPO-ready. There is potential for further augmentation of returns via capital distributions. We have a BUY recommendation with a TP of 118p. Our NAV forecasts do not assume portfolio realisation events. The key upside risk to our view comes from exits achieved at valuations above NAV. |
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 |
Posted at 01/9/2022 06:26 by unastubbs From The Telegraph todayInvestors need nerves of steel owning this fund – but this really is the best time to buy You are always running a risk buying – or indeed tipping – an investment trust that is trading at a premium, and Questor’s advice to readers in June last year to buy shares in Chrysalis Investments at an 18pc premium has rather proved that rule. That premium has now morphed into a discount of about 55pc. As is often the case with trusts, movements in the discount or premium amplify what is happening to the value of the actual portfolio – the net asset value – and in the case of Chrysalis, the NAV has also fallen severely since our tip. Take the two things together and we are in the red to the tune of about 70pc. The rational course of action now is to seek to understand the reasons for the trust’s poor performance and form a dispassionate opinion on the chances of a recovery. To do this, we need to understand what Chrysalis does and appreciate the extent to which its investment strategy exposes it to forces beyond its control. It invests in unquoted stocks, mostly newish businesses that seek to disrupt existing markets via the use of innovative or superior technology. However, its holdings are not start-ups: they are more established, often profitable, and in some cases close to seeking a listing (some of its holdings have already floated). In the wider economic and stock market circumstances of the past year – the return of inflation, rising interest rates and the consequent turn of the tide away from “growth” stocks and into “value” – a drastic fall in the value of such a portfolio was inevitable, no matter how well it was run or how strong the prospects of the individual businesses in it. We have written many times about the unavoidable difficulties of valuing unquoted assets, but whatever valuation method you use and whatever its shortcomings, the only possible move in value of a portfolio of young technology stocks over the past year has been down. In fact, Chrysalis has put a lot of effort into valuing its assets appropriately and independent valuers now advise the board, which makes the final decision. To sum up, the value of the portfolio has suffered over recent months as the result of powerful forces in the financial markets that its managers could never have influenced. But what are its prospects now? While we have seen a decisive change in mood back in favour of growth and tech stocks in the past two months, we cannot be sure it will continue. What we can do is look at the trust’s holdings and get a sense of their prospects for profitable growth over the years ahead, in the hope and belief that once the market has calmed down it will be the fundamentals of individual businesses that determine their value once more. In a trading update last week, Chrysalis reported “strong revenue growth across the portfolio and excellent trading among [its] largest holdings”. It said Starling Bank, the largest holding at 20pc of assets, had reported its first full year of profitability with pre-tax profits of £32.1m. But on an annualised basis, its current pre-tax profits are more like £92m, thanks to year-on-year lending growth of 72pc. The second largest holding, Wefox, a “digital insurer” that makes up 17pc of the trust, “grew revenues to more than $320m (£275m) in 2021 and is on track for revenues to exceed $600m by the year end, representing growth of almost 100pc”, Chrysalis said. Brandtech, a marketing technology company that accounts for 9.4pc of the portfolio, has also “continued to perform exceptionally well in both revenue and profit growth”, it added. We referred to the recovery in growth and tech stocks over the past two months. But there is no sign of it in the Chrysalis share price, which stands at a record low of about 73p. Partly, in Questor’s view, this reflects the fact that the NAVs of trusts that invest in unquoted assets are updated with a time lag that usually runs to three or six months. But there is nothing to prevent improved investor sentiment lifting the share price (in other words, narrowing the discount), and the fact that this has not happened suggests to this column that investors have given up on the trust. This feels like the point of maximum pessimism – the best time to buy, even if strong nerves will be needed. Questor says: buy Ticker: CHRY Share price at close: 71.9p |
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