Tekcapital shares jump when net assets increases

Tekcapital's shares were firmly higher on Friday after the Technology Investment Company announced a dramatic increase in the value of its portfolio and touched plans to focus on his future investment strategy on artificial intelligence.

The group's assessment of the group's investment portfolio rose by 49.6% to $ 61.5 million in 2024, while net assets rose by $ 46.3% to $ 70.1 million.

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Tekcapital shares were 14% higher at the time of writing.

“We are pleased to create this summary report from 2024, which describes some of our portfolio results and their contribution to our profitability and growth. In 2024, our net assets reached $ 70.1 million, an increase in ~ 46%, an annual record since the company's inception was 0.33 US dollar.

Gross continued to outline the progress of its portfolio companies – the driving force behind the strong repetition of the group's net assets in 2024.

“Our performance reflects the strong commercial progress through the conclusion of two AIM listings (Microst PLC & Genip PLC). As a result, four of our five portfolio companies are now listed,” said Gross.

“In addition, we observed a significant commercial traction for innovative eyewear Inc., as they reached several new product and milestones in the market.

“We also enjoyed MicroSalt that B2B orders from Micralt have received new and subsequent B2B orders from a large snack food manufacturer. In addition, we believe that the commercial progress of Guident Corp, combined with the improvement of performance and the market traction in the autonomous vehicle industry, have created a fruitful opportunity for Tekcapital to create Your balance sheet may continue to crystallize in 2025. “

The fertile opportunity mentioned by large -scale opportunity refers to the proposed NASDAQ IPO of Guident. Tekcapital recently announced that Guident had submitted a confidentiality for his IPO, an increasingly popular way of listing in the United States, which enables companies to undergo preparations outside the public.

The listing of portfolio companies was very successful for Tekcapital in relation to the creation of assets, whereby the IPO of Genip and Microsttt significantly increased a combined portfolio value of 18.3 million GBP in 2024 after February 2024.

The Guident -Po promises a further increase in the net assets of Tekcapital, since the autonomous vehicle security company wants to list a wave of the increasing introduction of AVS.

Investment strategy for artificial intelligence

While investors are encouraged in 2024 by the net assets growth, Tekcapital does not seem to rest on his laurels and give a fascinating insight into the upcoming things.

After the successful IPO of the AI ​​analysis company Genip in 2024, Tekcapital's outlook indicated increased investments in AI companies that change workflows in various sectors.

“We intend to aggressively invest further investments in existing companies for artificial intelligence (Genai). In addition to our potential goals, they are expected to include companies that concentrate on the transformative effects of Genai on corporate workflows in a number of sectors,” says the TekCapital report.

In addition to references to the future investment strategy of the group, Tekcapital confirmed his strategy to return shareholders through special dividends as soon as considerable capital growth has been achieved.

“As soon as the main level of capital has been monetized by our portfolio companies, we will try to deliver a special dividend. We are still obliged to do this long-term goal, and the progress of our portfolio companies in 2024 is a good step in this direction,” said Clifford Gross, chairman of Tekcapital, Clifford Gross.