Homepage
PR Newswire
26-07-2023, 05:17 PM
Hi weijian,
Few points to note.
One, NAV declining doesn't mean that Trendline Group investing record is no good. It might be because they have raised capital from the market at below NAV and therefore diluted the NAV numbers. There is a difference between these two.
Two, portfolio value and cumulative exit proceeds on average had increased since listing.
Third, non-IFRS value of portfolio companies are higher than fair value numbers. You should also take those value into consideration instead of the balance sheet valuations.
As for dividends, well they have a dividend policy in place but unfortunately, they have not met the payout policy yet. Hopefully, we can have some big exits in order to have some payouts. One must be patient as this is a company that invest in start-ups.
Few points to note.
One, NAV declining doesn't mean that Trendline Group investing record is no good. It might be because they have raised capital from the market at below NAV and therefore diluted the NAV numbers. There is a difference between these two.
Two, portfolio value and cumulative exit proceeds on average had increased since listing.
Third, non-IFRS value of portfolio companies are higher than fair value numbers. You should also take those value into consideration instead of the balance sheet valuations.
As for dividends, well they have a dividend policy in place but unfortunately, they have not met the payout policy yet. Hopefully, we can have some big exits in order to have some payouts. One must be patient as this is a company that invest in start-ups.