Investment holding company‚ Conduit Capital (CND) said on Monday its tangible net asset value (NAV) per share comprising mainly cash and liquid investments - climbed 9.1c to 113.3c in the six months ended February 2014.

Net asset value‚ after the fair value adjustment relating to credit recovery specialist Anthony Richards and Associates Proprietary Limited‚ increased to R411.8m or 160.6c per share‚ the company said.

"The remaining debt of R2.7m at year-end was extinguished‚ leaving the group entirely debt free‚" the company said. Its results are expected on May 14.