TEK thorney technologies ltd

Ann: Net Tangible Asset Backing March 2023 with commentary, page-2

  1. 202 Posts.
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    from the report.....

    "•It is likely that certain unlisted companies in the TEK portfolio will be required to complete an equity funding round over the coming months, and,given the tightened capital market conditions for early-stage technology companies, it is conceivable that the valuations at which these funding rounds can be completed will be lower.

    •TEK has taken a general provision equal to 15% of the current carrying value of its unlisted portfolio, or approximately A$7.0 million."

 
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