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An update from Tekcapital ( (GB:TEK) ) is now available.
Tekcapital plc announced its audited results for 2024, showcasing a significant increase in net assets by 46% to US$70.1 million, driven by successful AIM listings of portfolio companies MicroSalt plc and GenIP plc. The company’s strategic positioning enabled strong commercial progress, with notable achievements including increased B2B orders for MicroSalt and new contracts for Guident Corp in the autonomous vehicle sector. Tekcapital’s performance underscores its ability to thrive in challenging markets, with a 27% increase in share price compared to a decline in the AIM All-Share Index, highlighting its effective execution and portfolio maturation.
More about Tekcapital
Tekcapital plc is a UK-based intellectual property investment group that specializes in creating valuable companies by investing in university technologies aimed at improving people’s lives. The company focuses on commercializing these technologies, particularly in sectors that address pressing global needs.
Average Trading Volume: 308,248
Technical Sentiment Signal: Sell
Current Market Cap: £17.89M
For an in-depth examination of TEK stock, go to TipRanks’ Stock Analysis page.
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