Quest For Growth - Q3 Trading update: FY23 dividend becomes unlikely
Q3 NAV came in at EUR 7.41 p/s, but already previously announcedGiven the level of realized losses in 2023 YTD, we do not expect QfG to pay out a dividend for FY23QfG's discount has been elevated for some time at >30% which is typical during periods when the firm does not pay dividends. We estimate today's NAV to be EUR 7.18 p/s implying a discount of 36%. As we do not expect this discount to change as long as there is no dividend, we raise our target discount to 30%. This will go lower again once a dividend comes withinQuest 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.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.