Quest For Growth - No FY23 dividend expected, but FY24 dividend possible
QfG announced its December 2023 NAV which came in at EUR 7.51. This was slightly below or estimate of EUR 7.71.Some important valuation changes in Finquest and Health-Tech FundWe estimate some EUR 6m of remaining losses which need to be recovered in FY24 in order to pay out a dividend in 2025Discount has been elevated, hovering in a 30-35% range. We expect this discount to persist as long as there is no dividend within reach. Hold reiterated.Quest for Growth Privak Leuven is a Belgium-based closed-end private equity fund. The Fund focuses on European technology-based growth companies covering such sectors as life sciences, information technology, software, semiconductors, telecom, electronics, new materials and special situations in other growth sectors. The Fund invests in growth companies with the objective of converting capital gains into tax-free income through the Privak structure, an investment vehicle tailored to provide a framework for investments in private equity and in growth companies. As of Dec. 31, 2013, the Fund's investment portfolio totaled Euro120,264,108 and assets totaled Euro125,347,624.
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