- Scale Update - Key portfolio holdings drive results
Heliad Equity Partners benefited from the stock price appreciation of its major listed portfolio holdings (most notably FinTech and MagForce), posting a considerable increase in PBT to €10.9m from a pre-tax loss of €24.8m in H116. Importantly, this includes a considerable proportion of realised gross capital gains of €7.8m (above €2.5m in H116), translating into an improved cash position (net cash of €0.5m compared with net debt of €2.1m in FY16). Consequently, net asset value improved by 8.7% vs FY16 to €9.16 and the stock is now trading at a 23% discount to its NAV.Heliad Equity Partners AG. Heliad Equity Partners GmbH & Co KGaA (Heliad) is a Germany-based investment company. It specializes in investments in companies that face special situations, such as restructuring. The Company invests in both listed and unlisted companies in German-speaking countries and focuses on the Internet and technology, e-commerce, life sciences and media and entertainment industries.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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