Update from QuotedData
Seven-year-old portfolio showing maturity with strong Starling and wefox recovery; board planning next steps after shareholder consultation.
- Shares bought back Over 16%
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Chrysalis Investments (CHRY) is now seven years old, with a more mature portfolio. Since our last update, strong performance from Starling and signs of recovery at wefox have boosted NAV. Recent asset sales have provided enough liquidity for CHRY to meet its capital allocation commitments, and Klarna's IPO increases the chance of further realisations.
Over 16% of CHRY's shares have been bought back, narrowing the discount, though there is still room for improvement. Some investors have asked for an exit near asset value, while others, encouraged by CHRY's NAV growth, are interested in new investments. After consulting shareholders, the board is planning the next steps.
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