leadf
logo-loader
viewNetScientific PLC
(
AIM:NSCIFRA:NTK1
)

NetScientific PLC: WH Ireland sees significant potential upside

The City broker pointed to the last fair value calculation for the assets held by the investment company, which specialises in life sciences and technology

NetScientific PLC -

NetScientific PLC (LON:NSI) should break even in 2023, according to WH Ireland, which values the shares at 135p each – more than double their current price.

The City broker pointed to the last fair value calculation for the assets held by the investment company, which specialises in life sciences and technology.

This rose to £21.1mln (from £11mln last year) and is double the company’s current market capitalisation. The ‘unrisked’ worth if its shareholding of PDS Biotech is worth £7.9mln alone, WHI pointed out.

In the past year, NetScientific has been placed on a firmer financial footing with a £2.3mln fundraiser that brought in a supportive new shareholder base.

Alongside the financial refresh was the purchase of EMV Capital, which added another dimension to NetScientific.

It increased the number of portfolio companies from nine to 17 businesses; it also brought in fee-earning transaction advisory expertise along with the ability to syndicate financings for investee businesses.

In a note to clients, WHI said: “Notwithstanding the need to manage near-term cashflow requirements, across an increasingly diversified portfolio, a number of catalysts exist that could yield significant upside potential for the shares.”

Quick facts: NetScientific PLC

Follow
AIM:NSCI

Price: 111 GBX

Market Cap: £23.28 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

NetScientific invest £1m in Martlet Capital 'fitting with strategy to...

NetScientific PLC (AIM:NSCI, FRA:NTK1) (AIM:NSCI, FRA:NTK1) chief executive, Dr Ilian Iliev joins Proactive after announcing their news to invest an initial £1mln in Martlet Capital, which has been set up to acquire a portfolio of minority interests in growth companies operating in the Cambridge...

5 days, 4 hours ago

2 min read