There’s been plenty of chat about listed v unlisted market valuations, which is a hot topic post the June 30 balance date as investment managers report performance to clients.
Street Talk’s got some more grist for the mill tonight, securing Australian VC firm Square Peg’s fund reports for the six months to June 30.
It told clients this was a general provision, reflecting wider market valuations and sentiment, and could always be added back to asset values should things turn out better than expected.
The update shows VC firms are taking hits, although probably not to the same extent as some listed equities growth managers who have had a horror six months.
As it homes in on a deal to acquire WA building repairs and insurance jobs business Inserve Australia, thoughts are turning to its next potential move.
The banking group’s shares are likely to head higher when they resume trading on Thursday - if a bookbuild to sell rights to 4.9 million shares is any guide.
You have received this email because you are subscribed to Street Talk First Look with the email address: newsletter@newslettercollector.com