Team Internet remains in discussions to conclude the Domains, Identity and Software (DIS) sale process in early Q3 at a valuation materially above £120m. Trading is in line with expectations, the recent debt renegotiation strengthens the balance sheet and negotiating position, and the newly disclosed litigation claim provides potential additional value. Together, these factors support our SOTP valuation range of 54–68p per share, with catalysts for further upside.
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