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Tekcapital creates market value from university discoveries

Snapshot

  • Tekcapital PLC commercialises university intellectual property (IP), a process known as technology transfer.
  • Its university IP network incorporates some 80% of university-developed IP
  • Portfolio companies include medical device company Belluscura, advanced eyewear specialist Lucyd, food tech company Salarius and autonomous vehicle IP specialist Guident
Tekcapital PLC -

Quick facts: Tekcapital PLC

Price: 6.4 GBX

LSE:TEK
Market: LSE
Market Cap: £4.08 m
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What Tekcapital does:

IP development:: Tekcapital PLC’s (LON:TEK) core business is to commercialise innovations developed in universities.

A related services business helps companies find, evaluate, and license university technologies.
 

Portfolio companies:

Salarius (97.5%) produces a proprietary low sodium natural salt called MicroSalt, whose crystals deliver the same sensation of saltiness with 50% less sodium. Salarius has a fair value of $2.7mln.

Lucyd (100% owned by Tekcapital) is an online manufacturer and retailer of augmented reality eyewear. The fair value fell by $1.6m to $1.4m in the period just reported but Lucyd has just launched a  new product ‘Sherman Shades by Lucyd’ endorsed by the cornerback of the San Francisco 49ers Richard Sherman.

Guident (100%) is an owner of IP for technology used in apps to control autonomous vehicles (AVs). Fair value is US$12.7mlm, arie of US$4.1mln.  The autonomous vehicle market in the US alone is projected to reach $35bn by 2033 for autonomous vehicles and drones,

Belluscura (19.2%) has developed a patented portable oxygen concentrator. In September it month announced that it has raised £750,000 at a 50% premium book value and re-affirmed FDA approval is expected later this year with launch commercially in 2020.
 

How is it doing

Revenue in the half-year to May 2019 increased from US$1.3m to $5.4m largely from unrealised investment gains and Guident in particular.

NAV per share increased to US$0.38 from US$0.30.

FinnCap has a price target of 32p on the stock based on its valuation.

 

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Tekcapital PLC reports 'successful half year' with record revenue and profit

Tekcapital PLC's (LON:TEK) Clifford Gross tells Proactive London the six months to the end of May 2019's been a successful half-year for the business. The intellectual property (IP) group that specialises in commercialising university technology, saw its net assets increase by 27% to...

on 23/8/19

2 min read