RE: HAS RNS - ...Corp presentation.1 Dec 2022 11:56
So it looks to me like this from the interims:
Cadence has invested approximately £1.7 million in these assets, and our sale price into the equity of the two public companies was the equivalent of £5.5 million, representing a 321% cumulative return on our investments.
might have been better worded as:
Cadence has invested approximately £1.7 million in these assets, and our gross sale price into the equity of the two public companies was the equivalent of £6.92 million meaning a net income to KDNC of £5.5 million, representing a 321% cumulative return on our investments.
I know the sums don't quite work but that might just be down to XR variances (I used the one @ 30th Jun as that's when the interims finished but don't know the XR used by the Co when preparing the interims.... Just my opinion/thoughts.