wow. this looks like a great under-valued opportunity. Get to bend if with Becks! and also saw they are getting into Crypto and Bitcoin which shows how innovative management is. Going to also order me some IM8 and co-invest with Becks!
PRE divestment of ACT Genomics for $46m. so they would have cash of approx 86m. they also announced bitcoin treasury of $20m. does this align with your thesis? do you see them selling insighta business as well in near future?
ACT Genomics divestment was a positive surprise. I had assigned close to zero value to that asset. The Bitcoin allocation is a new twist, but doesn't change the core thesis in my view — optionality still lies in the consumer brands
As for Insighta, I could see a scenario where Tencent eventually acquires it outright, but no visibility on timing yet. For now, I’m treating it as a long-dated call option.
it seems apart from current cash of 48M, they also have short term investment and trading security investment of around $17M plus long term investment of 69M. Any reason, you did not take that into account for EV?
On the $17M — I couldn’t find that amount listed separately under short-term investments. As for the $68M in equity-accounted investees, that’s primarily Prenetics’ investment in Insighta
wow. this looks like a great under-valued opportunity. Get to bend if with Becks! and also saw they are getting into Crypto and Bitcoin which shows how innovative management is. Going to also order me some IM8 and co-invest with Becks!
PRE divestment of ACT Genomics for $46m. so they would have cash of approx 86m. they also announced bitcoin treasury of $20m. does this align with your thesis? do you see them selling insighta business as well in near future?
ACT Genomics divestment was a positive surprise. I had assigned close to zero value to that asset. The Bitcoin allocation is a new twist, but doesn't change the core thesis in my view — optionality still lies in the consumer brands
As for Insighta, I could see a scenario where Tencent eventually acquires it outright, but no visibility on timing yet. For now, I’m treating it as a long-dated call option.
it seems apart from current cash of 48M, they also have short term investment and trading security investment of around $17M plus long term investment of 69M. Any reason, you did not take that into account for EV?
On the $17M — I couldn’t find that amount listed separately under short-term investments. As for the $68M in equity-accounted investees, that’s primarily Prenetics’ investment in Insighta