TVL touch ventures limited
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News: TVL Touch Ventures Undertakes Review Of Valuation Of Its Investment Portfolio

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    20/12/22
    12:15
    Post #: 65381025

    Dec 20 (Reuters) - Touch Ventures Ltd (TVL) :

    • UNDERTAKEN A REVIEW OF VALUATION OF ITS INVESTMENT PORTFOLIO
    • REVIEW HAS RESULTED IN A NEGATIVE ADJUSTMENT TO NTA OF A$34.6M
    • ADJUSTMENT REFLECTS CHANGE IN MARKET CONDITIONS WHICH HAS IMPACTED VALUATION MULTIPLES
    • REMAIN DISCIPLINED ON DEPLOYING CAPITAL AS OUTLOOK REMAINS UNCERTAIN FOR MANY GROWTH COMPANIES
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