Question

❤❤❤what is the updates in IP group

Answer 1

The first half of 2018 has been characterised by significant progress across the Group’s portfolio with a number of our companies completing both major fundraisings and collaborations. It was also encouraging to see so many of our portfolio companies attract Chinese investors to their share registers including Oxford Nanopore Technologies Limited and Ceres Power Holdings plc, with many also signing significant collaborations in the region. Financial performance was, however, impacted by a net fair value reduction of £23.1m in the quoted portfolio, resulting in net portfolio gains of £0.7m (HY17: £28.7m; FY17: £94.2m) and an overall return on Hard NAV for the period of negative £13.1m (HY17: £21.3m positive; FY17: £64.1m positive).

Operationally, as described in the 2017 Annual Report, the integration of the Touchstone Innovations business in the UK has continued to progress in line with expectations. We have simplified and streamlined our organisational structure by moving to a two-sector model of Life Sciences and Technology and now operate both divisions substantially from one London head office location. Both the Imperial College Technology Transfer Office and Parkwalk, the UK’s leading EIS investor in university spin-outs that joined the Group in 2017, continue to be run as separate entities. Our US business and its portfolio companies continue to mature, and we are building out the initial team for our newly-formed Australasian operation and intend to form our first spin-outs this year.

IP Group’s portfolio remains well-diversified both by sector and stage of development with multiple opportunities to crystallise value. The progress of many of the Group’s largest portfolio companies is positive and there are a number of significant inflection points anticipated for several of our companies over the next six to twelve months. IP Group has a growing business in the US and has established operations in Australasia. While it remains important to consider IP Group as a long-term business where financial results can fluctuate from six-month period to six-month period, the fundamentals of our business remain strong and the Group is financially sound with £258.5m of gross cash and deposits. IP Group remains excited by the opportunities within the portfolio and we look to the second half of the year and beyond with confidence.

Answer 2

I hope this Answer help you