Touch Ventures Ltd. (AU:TVL) has released an update.
Touch Ventures Limited, an ASX-listed investment holding company, reported a slight increase in Net Tangible Asset (NTA) backing, from A$84.4m to A$84.8m, with per-share backing rising from $0.118 to $0.119. The company’s strong cash position, consisting mainly of cash and term deposits, contributes to approximately 71% of its net asset value, signaling potential for new investment opportunities. Touch Ventures focuses on providing growth capital to scalable businesses in diverse sectors, including fintech and e-commerce.
For further insights into AU:TVL stock, check out TipRanks’ Stock Analysis page.
