ASX:TVL
Touch Ventures Ltd
Investment Summary
The fund managers believe that Touch Ventures Ltd (TVL) offers substantial opportunities for investors. In their opinion, the current market price of approximately $0.08 reflects a significant 47% discount to its net asset value, which includes ~$60m in cash and $50m in unlisted assets. The recent interest in the stock was notably triggered by Gannet Capital's acquisition of nearly 20% of the stock, indicating confidence in the company's future prospects. Despite the recent rise in share price, the fund managers assert that there remains considerable upside potential in TVL's valuation, making it an attractive option for investors looking for growth.
Commentary From The Managers
Cyan Investment Management
31 Jan 2024
$0.08
- Cyan Investment Management provides an update on their investment thesis for Touch Ventures Ltd.
- As of December 2023, Touch Ventures (TVL) held approximately $60m in cash (8.5cps).
- An additional $50m (6.9c) is invested in unlisted assets.
- The closing market price of TVL is 8.2c, representing a 47% discount to its net asset value.
- Recent interest in the stock has been attributed to the acquisition of nearly 20% of the stock by Sydney-based Gannet Capital.
- Despite the rise in price, Cyan Investment Management believes there is substantial upside potential in the current market valuation.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.