- Narrower focus through 2024
- Hysata valuation on the rise
IP Group’s (IPO) discount to net assets was broadly static from the half-year rate at 57 per cent. But management has taken the decision to pause dividend payments in favour of a £20mn share buyback programme to capture and hopefully narrow the discount in the process. This amounts to more than just tinkering at the margins. The intellectual property investor has returned over £75mn to shareholders through dividends and buybacks since 2021.