Allied Minds - HawkEye 360 piercing the clouds

HawkEye 360, one of Allied Minds' principal portfolio companies, has announced a Series B funding round with new investors, Airbus and Esri, investing alongside Allied Minds and existing investors. The round was struck at a pre-money valuation of $200m (c 122% uplift in headline value), raising $70m of capital in two equal tranches, the second with certain conditions precedent. After Allied Minds' recent portfolio downgrades, this highlights the material embedded value in its remaining investments. By our calculation, the round represents a $27-44m uplift in fair value for Allied Minds, or 9-15p per share. The shares now trade at a 41% discount to our adjusted estimate of FY18 NAV of a minimum of 103.5p.

Den vollständigen Artikel lesen ...