Netscientific is demonstrating a strong strategic direction against a challenging market backdrop and driving towards key value inflection points, profitable exits and new funding opportunities, said broker WH Ireland.
“Despite the modest year-end cash position, we remain reassured that the balance sheet is supported by potential proceeds of selling privately held and market quoted holdings, moving towards an evergreen model, and we retain our risked-based sum-of-the-parts fair valuation of NSCI of 180p per share.”
The group now has a portfolio of 24 companies and last year increased its portfolio value 35% to £41.8m (£31m), while the value of capital under advisory grew to £23.5m (£22.1m).
Shares were up 2% today at 70p.