Chrysalis Inves Regulatory News (CHRY)

Chrysalis Investments - Update from QuotedData

8th February 2024

Turned a corner

Chrysalis Investments (CHRY) seems to have turned a corner. The welcome 6.5% jump in the NAV over the final quarter of 2023 (see page 11), encouraging news from many portfolio companies, an NAV enhancing (but unnamed) disposal in the works (see page 6), and the prospects of a more supportive interest rate environment all help underscore the trust's attractions.

We expect that shareholders will be happy to support the continuation vote scheduled for the AGM in March (see page 13).

CHRY's share price may be a long way off its low from last March, but with the discount sitting at 46.2% and the chance of NAV-enhancing exits freeing up cash to fund NAV-enhancing share buybacks, there is scope for it to move significantly higher.

Full Research:

https://quoteddata.com/research/chrysalis-investments-turned-corner-qd/

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