Digital 9 Infrastructure Reports Major NAV Drop

Digital 9 Infrastructure Plc (GB:DGI9) has released an update.

Digital 9 Infrastructure PLC reported a significant NAV decline of 41% for the first half of 2024, with a total return based on NAV plummeting to -72%. The decrease was attributed to revised long-term financial forecasts, interest costs, and additional provision for vendor consideration. The company also announced the sale of the Verne Global group and initiated a Managed Wind-Down strategy with shareholder backing, which includes selling off remaining assets to maximize shareholder value.

For further insights into GB:DGI9 stock, check out TipRanks’ Stock Analysis page.