News - 18.04.08
New Venturetec Ltd. revenue expectation for the first half of the fiscal year 2017/2018 ended March 31, 2018
Zug, April 6, 2018. New Venturetec ended its first half of the fiscal year 2017/18 per March 31, 2018. Based on the current valuations of the portfolio companies New Venturetec expects a profit in the range of USD 14.3 to USD 14.8 million or USD 2.86 to USD 2.96 per share for the first half of the fiscal year 2017/18. The profit is mainly a result of the increase of the public traded share price of Osiris Therapeutics from USD 4.60 to USD 8.80 (+91.3%). The share price of Myriad Genetics decreased from USD 36.18 to USD 29.55 (-18.3%) in the reporting period. The estimated numbers could change materially during the course of the semi-annual valuation process of the portfolio, which will be done in the coming weeks. The final semi-annual financials, together with the semi-annual report of New Venturetec 2017/18 will be published on May 23, 2018.
About New Venturetec
New Venturetec is a publicly traded Swiss investment company (SIX: NEV) which holds participations in venture companies in the areas of biotechnology and technology which are domiciled in the USA.
The investment horizon should be 10 years or more. A shareholder is recommended to follow the development with interest and base an investment or disinvestment decision on results of the development of the portfolio companies rather than on the general capital market and the investors’ sentiment. Any investor should only invest in New Venturetec if he can afford the complete loss of the investment without having to change his lifestyle. Significant risk is involved and the timelines may exceed the expectations. In addition, the market of New Venturetec shares is very illiquid. The risks of venture investments are 100%. The total loss of the investment has to be considered as a realistic possibility.
For further information:
New Venturetec AG
Tel: 041 740 25 25