PROLIFIC tech investor
Bosses said yesterday that valuations in its portfolio had been battered by "historic levels of inflation" and interest rate hikes which have dragged down tech valuations globally.
However, co-portfolio managers
"Equity markets have rebounded very strongly since the 30 June, and we note the very strong performance of some of the listed peers we benchmark our portfolio assets against," the pair said in a statement.
Watts and Williamson said the investor had over £48m cash and £57m of listed assets, which together represent 20.4 per cent of the market capitalisation, and that Chrysalis remained in a "very strong position" as it headed into the second half.
Shares in Crysalis dropped almost five per cent yesterday.
(c) 2022 City A.M., source