Eve Maddock-Jones, Editor, Investment Week, 08 May 2025:
Chrysalis’ (CHRY) share price has risen by 3.5% so far today, according to LSE data, after the trust published its Q1 2025 trading update and unveiled a shareholder consultation on its Capital Allocation Policy (CAP)..
Following the restructuring at holding wefox, the top five assets in the CHRY portfolio are now operating “at breakeven or are profitable”, Watts and Williamson said, resulting in 88% of the portfolio being profitable versus 44% in the prior year, according to the update.
Post period end, the sale of InfoSum to WPP plc was announced at a 16.4% uplift to CHRY’s end-December 2024 carrying value, resulting in an increase in NAV of approximately 1.2p per share and the company invested $3m into InfoSum in the period..
In the notice today (8 May), CHRY’s board said that it stood by 2027 as the “appropriate” AGM date but that in light of the shareholder letter will put forward an ordinary resolution to the 2026 AGM to seek shareholders’ reaffirmation of the current CAP or, where appropriate, propose amendments to it, pending the continuation vote in 2027..
Peel Hunt’s Leatham said that this consultation “could provide a further catalyst” while James Carthew, head of investment company research at QuotedData, said that while the company has demonstrated its ability to create value for shareholders “we are not convinced that a continuation vote would help at this time”.
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