6th Sep 2024 18:09
Digital 9 Infrastructure PLC - investor in internet infrastructure, such as data centres and subsea fibre - Warns on its portfolio's valuation as a review continues. The investor expects its valuation as at June 30 to be "materially below" what it published for December 31. It predicts a provisional net asset value of 45p per share at June 30, down from 79.3p on December 31.
"A major part of the NAV reduction is attributable to a re-assessment of the assumptions relating to the availability of finance for underlying portfolio companies and its impact on portfolio companies' growth outcomes in the valuation models, as compared to those inputs used in arriving at the NAV as at 31 December 2023," Digital 9 adds.
Current stock price: 18.00 pence, down 13%
12-month change: down 69%
By Eric Cunha, Alliance News news editor
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