This technology investment firm is a classic Ben Graham recovery play. The company fell out of favour under previous management, but shareholders’ fortunes have turned a corner under a new board who have the mandate to realise value from the portfolio.
There are some exciting investments that have attracted the interest of heavyweight technology investors in recent funding rounds, adding substance to the likelihood of making profitable exits. This is simply not being priced in with the shares trading on a huge discount to the read through portfolio valuation.
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