Trendlines seeks investors' patience amid weak share price

Singapore

CATALIST-listed startup incubator Trendlines on Wednesday urged investors to have patience and trust that the market will catch on to the company's business model - even as Trendlines stock, which debuted at 33 Singapore cents a share during its November 2015 flotation, is now struggling at 12 cents.

Steve Rhodes, co-chairman and co-chief executive officer of Trendlines, told an investors' briefing: "We are not pleased with the trading and share price. It is not reflective of the company's true value." Nonetheless, Trendlines has "no interest" in delisting from Singapore and listing in London, where some 10 similar companies are reportedly trading at a premium to their portfolio values, he said.