Chrysalis NAV slides further as board offers wind-up to shareholders
Falling valuations continue to harm the growth-orientated trust
Falling valuations continue to harm the growth-orientated trust
Meanwhile Chrysalis has forked out £20m to increase its stake in the bank
NAV was down 13% in its fourth quarter, but the trust has perked up since
Shares in the firm were suspended in September, with the trust selling out at a 90% loss in November
Trust has agreed to lower the overall fee to 12.5% of adjusted NAV above a high-water mark
In just over a year the value of the investment had plummeted to £5m
NAV has fallen more than 40% in a year
The challenger bank is eyeing an IPO before the end of 2023
Cosmetics group admits it is unlikely to publish its final audited results by the end of the month
Just a day after the value of ‘buy now pay later’ juggernaut Klarna took a massive hit
Co-manager Watts says new price tag does not reflect ‘buy now pay later’ firm’s progress since initial investment
Co-managers Williamson and Watts to redouble their efforts on existing holdings, 60% which have yet to break even