Tekcapital has received a 21.4p fair value target from Kemeny Capital based on a sum-of-the-parts analysis of their portfolio companies.
Tekcapital shares were trading 4.5% higher at 10.85p at the time of writing on Tuesday.
The report issued by Kemeny Capital highlights the disconnect between Tekcapital’s share price and the value of its portfolio companies Innovative Eyewear, Guident, Microsalt, and Belluscura.
Tekcapital commercialises university-developed technology and has built a portfolio of four publicly-listed and privately-held companies with the potential to improve millions of people’s lives. The report says Tekcapital is ‘underappreciated’ by the market.
Kemeny Capital said risks to the fair value target include a lack of portfolio company commercial traction and general macroeconomic headwinds.
The research report can be accessed here.
Disclaimer: Kemeny Capital is owned by the same parent company as UK Investor Magazine.