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Tekcapital

  • BY: Andrew Hore |
  • POSTED: 26/02/2019 |

IP-focused business Tekcapital has increased its NAV by one-fifth to 30 cents a share. 

That is mainly due to a $8.5m increase in the valuation of Guidant, following the purchase of an exclusive licence to a US patent that can be used to develop software for controlling autonomous vehicles.

Pilot production of low salt snacks and a full product launch by Salarius are expected before the end of 2019 and its valuation has been raised.
Belluscura, which failed to float last year, expects to get 510(k) clearance by the end of the third quarter of 2019 and there was a small increase in the book valuation.

Lucyd has launched its Lucyd Loud audio glasses, but the valuation of the stake has been almost halved to $304m. A couple of investments have been written-off.

In the year to November 2018, there was a decline in revenues from $7.3m to $6.8m, while pre-tax profit improved from $4.15m to $4.55m, thanks to lower admin costs. The profit is mainly unrealised gains on investments.

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