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Touch Ventures Ltd. ( (AU:TVL) ) has provided an update.
Touch Ventures Ltd. reported a net tangible asset backing of A$82.0 million as of June 30, 2025, a slight decrease from the prior month. The company’s cash and term deposits constitute a significant portion of its net asset value. Recent strategic decisions include the sale of PlanPay’s assets, leading to a 14.7% indirect interest in PlannedPay Pty Ltd, and the decision not to participate in a new equity round for Sendle, resulting in a write-down of its investment in Sendle to nil. These moves reflect Touch Ventures’ ongoing portfolio adjustments and have implications for its financial positioning and future investment strategy.
More about Touch Ventures Ltd.
Touch Ventures Ltd. operates in the investment industry, focusing on strategic investments in innovative companies. The company primarily engages in venture capital activities, investing in early-stage companies with growth potential.
Average Trading Volume: 415,282
Technical Sentiment Signal: Sell
Learn more about TVL stock on TipRanks’ Stock Analysis page.