10% hike for TVC Holdings

SHARES in TVC Holdings, the newly listed private equity player, jumped by 10% yesterday.

The increase in the company’s share price followed the first set of result since the company listed on the Dublin exchange in July, showing a net gain of €0.3m on its investment portfolio since the flotation.

Even with yesterday’s increase in the share price, the company was trading at a discount to value of its cash and investments. But executive chairman Shane Reihill said he was confident the market will eventually recognise the potential of the company.