The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWise Plc Share News (WISE)

Share Price Information for Wise Plc (WISE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 788.00
Bid: 784.00
Ask: 785.50
Change: -3.50 (-0.44%)
Spread: 1.50 (0.191%)
Open: 791.00
High: 792.50
Low: 780.50
Prev. Close: 791.50
WISE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Chrysalis Investments net asset value falls 46% in first quarter

Wed, 01st Feb 2023 10:40

(Alliance News) - Chrysalis Investments Ltd on Wednesday reported a net asset value fall in the first quarter of its financial year 2023, citing foreign exchange as the largest NAV detractor.

The announcement came a day after Chrysalis reported its financial year 2022 figures, noting a 41% annual decline in NAV.

The company said foreign exchange impacted its first quarter NAV by 3.30p per share.

Chrysalis, an investor in technology and finance startups said NAV per share at December 31 was 128.26 pence per share, down 46% from 237.86p a year prior and down 13% from 147.79p on September 30.

The company noted that an external valuer and independent valuation committee put a focus on a more "market-base approach."

Chrysalis's net cash at January 30 stood at GBP66 million, compared to cash of GBP66 million at February 18, 2022. With a further GBP12 million position in money transfer and lending firm Wise PLC, the company has a total liquidity of GBP78 million, down 27% from GBP107 million in mid-February 2022.

The firm said that 80% of portfolio is either profitable, funded, or has 2-year cash runway.

Meanwhile, while on Tuesday it largely blamed Stockholm-based payments and shopping service firm Klarna Bank AB for its decline in NAV over financial year 2022, on Wednesday it reiterated that Klarna expects to achieve run rate profitability during the second half of 2023. In March 2022, Klarna reported a pretax loss of SEK6.58 billion for 2021, around USD630 million, widened from SEK1.63 billion, around USD160 million, in 2020.

Chrysalis Investments shares were 2.3% lower at 84.75 pence each in London on Wednesday morning.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
2 May 2024 09:48

LONDON BROKER RATINGS: Deutsche Bank likes TP ICAP but says sell CMC

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
22 Apr 2024 10:10

Disgruntled Chrysalis Investments files claim versus Revolution Beauty

(Alliance News) - The dispute between Revolution Beauty Group PLC and former shareholder Chrysalis Investments Ltd ratcheted up on Monday, as Chrysalis said it has issued legal claims for a total of GBP45.2 million against Revolution Beauty, while Revolution rejected the allegations.

Read more
17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
16 Apr 2024 16:26

Europe close: Markets fall as geopolitical tensions rise

(Sharecast News) - European markets were still in the red at the end of the day on Tuesday, tracking a global sell-off as investors mulled Israel's potential reaction to an Iranian missile attack over the weekend.

Read more
16 Apr 2024 10:47

Wise touts solid quarter but shares down as revenue misses consensus

(Alliance News) - Wise PLC on Tuesday celebrated a "solid quarter", with income and revenue both up, despite seeing shares slip on a "slight miss" on consensus for the latter.

Read more
16 Apr 2024 08:08

Wise continues to see strong uptake for services in Q4

(Sharecast News) - Global payments technology company Wise continued to enjoy a strong uptake for its services during the last quarter of its fiscal year.

Read more
11 Apr 2024 15:04

UK earnings, trading statements calendar - next 7 days

Friday 12 April 
SigmaRoc PLCTrading Statement
Monday 15 April 
Ashmore Group PLCTrading Statement
Ceres Power Holdings PLCFull Year Results
Engage XR Holdings PLCFull Year Results
Itaconix PLCFull Year Results
Mitie Group PLCTrading Statement
PageGroup PLCTrading Statement
Tuesday 16 April 
Accesso Technology Group PLCFull Year Results
Ashtead Technology Holdings PLCFull Year Results
Billington Holdings PLCFull Year Results
Chapel Down Group PLCFull Year Results
Equals Group PLCFull Year Results
Gattaca PLCHalf Year Results
Gresham Technologies PLCFull Year Results
IntegraFin Holdings PLCTrading Statement
Learning Technologies Group PLCFull Year Results
Next 15 Group PLCFull Year Results
Ninety One PLC and LtdTrading Statement
Oxford Instruments PLCTrading Statement
Qinetiq Group PLCTrading Statement
Petra Diamonds PLCTrading Statement
Robert Walters PLCTrading Statement
Team17 Group PLCFull Year Results
Wednesday 17 April 
Brooks Macdonald Group PLCTrading Statement
Hays PLCTrading Statement
Inspecs Group PLCFull Year Results
Liontrust Asset Management PLCTrading Statement
M Winkworth PLCFull Year Results
Menhaden Resource Efficiency PLCFull Year Results
Rio Tinto PLCTrading Statement
Saga PLCFull Year Results
Thursday 18 April 
AJ Bell PLCTrading Statement
BHP Group LtdTrading Statement
Devolver Digital IncFull Year Results
Dunelm Group PLCTrading Statement
easyJet PLCTrading Statement
Foxtons Group PLCTrading Statement
Keystone Law Group PLCFull Year Results
LBG Media PLCFull Year Results
Pod Point Group Holdings PLCFull Year Results
Rentokil Initial PLCTrading Statement
Segro PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
25 Mar 2024 08:42

Wise welcomes Delivery Hero's Emmanuel Thomassin as CFO

(Alliance News) - Wise PLC on Monday announced the appointment of Delivery Hero SE's Chief Financial Officer Emmanuel Thomassin as its next CFO.

Read more
25 Mar 2024 07:59

LONDON BRIEFING: AstraZeneca wins US approval, Kingfisher profit down

(Alliance News) - London's FTSE 100 is set to open lower on Monday, giving back some of last week's progress, when equities were boosted by hope of interest rate cuts.

Read more
25 Mar 2024 07:23

Wise appoints new finance chief

(Sharecast News) - Wise announced the appointment of Emmanuel Thomassin as its new chief financial officer and director Monday.

Read more
15 Mar 2024 09:38

LONDON BROKER RATINGS: Jefferies raises Mondi; UBS likes Admiral

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
14 Mar 2024 08:42

Wise slides as Valar Velocity places 4m shares

(Sharecast News) - Wise slid on Thursday after shareholder Valar Velocity Fund 1 placed 4m class A shares in the fintech firm via Morgan Stanley.

Read more
2 Feb 2024 16:59

Director dealings: Ceres Power chair invests, Wise CFO covers expenses

(Sharecast News) - Two significant director dealings were disclosed to the market by Ceres Power and Wise on Friday, shedding light on transactions involving their key personnel.

Read more
2 Feb 2024 14:45

Broker tips: Wise, easyJet, Wizz, BT

(Sharecast News) - Jefferies has upgraded its rating on money transfer specialist Wise to a 'buy' on the back of improving growth prospects.

Read more
2 Feb 2024 09:48

SMALL-CAP WINNERS & LOSERS: Superdry up as takeover talk heats up

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.