IP Group posts rise in fair value of portfolio

IP Group, which develops intellectual property (IP) based businesses, failed to impress investors on Thursday, despite reporting an increase in the fair value of the group's portfolio.

IP Group, which develops intellectual property (IP) based businesses, failed to impress investors on Thursday, despite reporting an increase in the fair value of the group's portfolio.

The value came to £201.9m at May 15th, compared to £181.8m at December 31st, a net unrealised fair value increase of £13.5m.

The portfolio currently consists of 71 intellectual property based companies, four higher than at the year-end.

Alan Aubrey, Chief Executive of IP Group, said: "The group has continued to make good progress to date during 2013. The fair value of the group's portfolio has increased [...] largely as a result of a net increase in the value of the group's holdings in quoted companies.

"During the year to date, spin-out companies have collectively raised in excess of £30m with the group participating in every fundraising, in-line with its continued commitment to maintaining or increasing its stakes in post-seed portfolio companies through subsequent financing rounds."

The share price fell 1.09% to 145.40p by 11:30 Thursday.

NR

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Four investment trusts for income investors to buy now
Investment trusts

Four investment trusts for income investors to buy now

Some high-yielding listed lending funds have come through the crisis with flying colours. David Stevenson picks four of the best.
12 Apr 2021
Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021