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Touch Ventures backs U.S. telehealth player as shares trade at steep NTA discount

Story Highlights
  • Touch Ventures remains well-capitalised with a tech-focused portfolio and cash to pursue disciplined new and follow-on investments.
  • The firm invested US$2m in U.S. telehealth group Hone Health while its shares trade at a sizable discount to reported NTA.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Touch Ventures backs U.S. telehealth player as shares trade at steep NTA discount

Meet Samuel – Your Personal Investing Prophet

Touch Ventures Ltd. ( (AU:TVL) ) has provided an update.

Touch Ventures Limited, an ASX-listed investment company, remains well-capitalised with a portfolio spanning live experiences, eCommerce enablement and fintech, and a strategic focus on global B2C technology, fintech, vertical software, AI and digital health. The firm maintains a substantial cash balance alongside its investment holdings, giving it flexibility to pursue both new and follow-on investments while applying heightened discipline and selectivity in current market conditions.

In February, Touch Ventures completed a US$2 million equity investment in Hone Health, a U.S.-based telehealth platform specialising in proactive longevity, physician-led holistic care and AI-driven health insights, which has already tested over 400,000 patients and treated more than 65,000. As at 28 February 2026, the company reported net tangible assets of $77.8 million, or 10.9 cents per share, with its shares trading on the ASX at a roughly 38% discount to this asset value, underscoring a disconnect between market pricing and underlying asset backing.

The NTA was composed of a $51 million portfolio value representing about 66% of net assets and $26.8 million in net cash, including cash and term deposits, representing around 34%. Recent movements in NTA were mainly driven by unrealised foreign currency adjustments on offshore investments and operating expenses, highlighting the impact of currency swings on its reported asset base.

The most recent analyst rating on (AU:TVL) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Touch Ventures Ltd. stock, see the AU:TVL Stock Forecast page.

More about Touch Ventures Ltd.

Touch Ventures Limited is an ASX-listed investment company focused on high-growth technology sectors, including live experiences, eCommerce enablement and fintech. The firm targets global B2C technology, fintech, vertical software, AI and digital health businesses, favouring capital-efficient growth, defensible competitive positions and founders with strong execution track records.

Average Trading Volume: 388,615

Technical Sentiment Signal: Buy

Learn more about TVL stock on TipRanks’ Stock Analysis page.

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