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Https://www.proactiveinvestors.co.uk/companies/news/1048295/graphcore-deal-with-softbank-edges-closer-as-it-preps-finances-1048295.html?

If you have time to have a read of the presentation you will realise the potential which is locked up in the stock

https://www.inspecs.com/sites/inspecs-group-plc-v2/files/Year-end%20Results%20Presentation%202023.pdf

There is a significant amount of value tied up here yet to be realised.

So Klarna going great guns signing major deals with Expedia and Uber all adding additional value prior to IPO where Chrysalis are holding a chink of stock.

Https://www.fintechfutures.com/2024/04/klarna-to-launch-credit-card-offering-in-the-us-over-the-next-few-months/

Https://www.ft.com/content/bf34e647-d39b-4fd4-adcb-2a82179875e7

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https://www.ft.com/content/bf34e647-d39b-4fd4-adcb-2a82179875e7

One repercussion is that we may see more fintechs list on stock markets over the next year. UK-listed venture capital fund Chrysalis — one of my favourite investments at the moment — has a stake of about 1.1 per cent in Klarna, on a net asset value of $11bn, whereas the rumoured IPO price is closer to $20bn. Another key holding for the investment trust is insuretech business WeFox, which is showing signs of rapid growth.

Https://www.bnnbloomberg.ca/british-airways-owner-iag-said-to-consider-dividend-in-2024-1.2055696

https://www.proactiveinvestors.co.uk/companies/news/1044144/british-airways-owner-iag-s-results-could-be-catalyst-for-rerating-analyst-1044144.html

Https://www.sharecast.com/news/broker-recommendations/shore-capital-upgrades-ao-world-to-buy--16575509.html

Https://invezz.com/news/2024/04/05/iag-share-price-forecast-according-to-the-city-of-london-experts/

Https://www.cityam.com/starling-bank-poaches-ovo-boss-to-be-chief-executive-ahead-of-planned-ipo/

Https://www.ft.com/content/9b120706-17eb-46c2-983d-53cf1e2f88fe

Https://citywire.com/investment-trust-insider/news/chrysalis-makes-smart-investment-ahead-of-continuation-vote/a2437829

Https://www.datacenterdynamics.com/en/news/ai-chip-maker-graphcore-in-talks-over-400m-sale/

Slow mover but certainly getting there. Big gap to fill around the 80p level if you look at the two year chart. Good thing is that it seems retail sales have been picking up which could add momentum.

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=UK%3APROC&insttype=Stock&freq=1&show=&time=9

Hoping that we will see a breakout from this trading range shortly and an attack on 100p

Https://www.investmentweek.co.uk/news/4170630/peel-hunt-upgrades-chrysalis-potential-catalysts

The analysts argued that the "market has been slow to recognise the potential catalysts on offer" for a portfolio that "typically responds positively to catalysts, either at the portfolio or the company level".

Buy quantity is limited now. Will not take too much before it moves again

Very little stock available at 5p so could see a move back to double digits quickly

TO - £9.4M vs £10.9M in FY22

Market Cap - £2.5M

£1.2M of funds with no debt

Slightly illiquid

Technology sector

Expects to deliver improved trading in the year ahead.

Dropped from 15p to 5p

Https://specificationonline.co.uk/articles/2024-02-01/landscape-superstore/cmo-group-plc-grows-with-the-launch-of-landscaping-superstore

Zeus Capital initiated coverage. Make an note of some of the things they say:

" We estimate Chrysalis’ stake in Starling could be worth 33% more, equivalent to an additional 9.6p of NAV per share. Further, we think Chrysalis’ stake in Klarna could be worth c. 80% more (£169m), equivalent to an additional 12.4p of NAV per share. This uplift in Starling and Klarna would increase NAV per share by 15% to 165p, making the Chrysalis shares trade at a 52% discount. We see no reason why the carrying value of other major assets is too high, particularly as the interest rate tightening cycle in the UK, US and Eurozone comes to an end and discount rates start to fall."

" Furthermore, on 5 December Chrysalis announced it had visibility over a disposal that would add 5.5p per share to the Group’s NAV at 30 September 2023, which we estimate could result in an inflow of £56m if it relates to one of its three medium sized investments (see page 16), taking cash to c. £75m"