Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest update is out from Touch Ventures Ltd. ( (AU:TVL) ).
Touch Ventures Limited announced a reduction in its Net Tangible Asset (NTA) backing for January 2025, primarily due to a markdown in the valuation of its investment in Refundid. Refundid’s capital raise through a Simple Agreement for Future Equity (SAFE) altered its carrying value, resulting in a fair value loss of $1.6 million. Despite this, the carrying value of Refundid remains above the initial investment. The NTA adjustment also reflects operating expenses and foreign currency adjustments.
More about Touch Ventures Ltd.
Touch Ventures Limited is an ASX-listed investment holding company that provides growth capital to high growth, scalable businesses.
YTD Price Performance: 17.14%
Average Trading Volume: 804,734
Technical Sentiment Consensus Rating: Sell
For detailed information about TVL stock, go to TipRanks’ Stock Analysis page.
