Chrysalis Investments Share Discussion Threads

[wad collector] 12/7/2024 16:26

Is this throwing good money after bad at wefox?
This month's share price rise could argue otherwise. Held here for 3 yrs and still well underwater myself but holding and hoping.

[donald pond] 12/7/2024 10:12

This has about the lowest fees of any company on the market. Around 0.5% iirc and no performance fee until it is above £2.50. Just saying.

[blueclyde] 12/7/2024 10:08

It not ridiculous mate. No challenger bank in the UK has succeeded. All the super market banks are now gone, Virgin taken out on a single digit PE and Metro Bank the huge challenger bank that was next to be is bust. Starling technology has only got two clients in two years. Sure it could be big one day but the point being Starling needs to do special things to make up for a lot of gutter investments here whilst you can invest come in Barclays and easily double your money with out being skinned outrageous fees.

[kooba] 12/7/2024 08:00

WeFox looks like it has good traction in a number of markets but has over expended in a number of areas with the associated big build up in fixed costs..if they can refocus on core profitable areas and get on top of costs it could be a highly attractive business in the relatively near term.,and secure a recovery in valuation.Probably rather conservatively valued here but the concentration in assets doesn't leave a lot of room for things to go wrong.

[rogen83] 12/7/2024 07:51

I said 2 weeks ago people need to have a bit of balance in their analysis. Shares are up 20% since then. Clear opportunity cost being overly negative

[donald pond] 12/7/2024 07:51

Comparing Barclays to Starling is ridiculous. Starling is a digital bank licensing tech around the world so people can white label a challenger bank anywhere, quicker and cheaper than doing it themselves. You could have used that argument 20 years ago to support ITV over Netflix or WHSmith over Amazon

[craigso] 12/7/2024 07:41

The other RNS of the day is AVI taking their stake above 10%. I've done nicely owning the trust itself, as well as tagging along with some of their investments.

One day we might come to appreciate wefox have depressed the share price - allowing us to top up - once the value of Klarna and/or Starling is realised...

[riverman77] 12/7/2024 07:28

Please don't keep pouring our money into Wefox - clearly a bottomless pit so better to just write it off. Anything we're able to then salvage back will be a bonus.

[blueclyde] 12/7/2024 07:25

Management keeping the gravy train going. All the money will probably be lost in wefox that they are pouring in. A concreted bet on the likes of Starling etc but we have seen how Metro Bank turned out. You can buy Barclays Bank on a PE of 5 currently which is buying back 2 billion worth of stock a year. Best strategy here would be to have the fund managers return the 400 million they have taken in fees?

[peterrr3] 12/7/2024 06:50

Looks like they are pretty much going it alone in bailing out wefox. A further concentration of the portfolio I don't like but I guess the alternative is also pretty grim.

[kooba] 12/7/2024 06:30

The cash they are getting appears a bit of a result relative to the next to nothing that some thought might be the result with Graphcore running out of cash.The monetisation delivery getting more concentrated on WeFox and its restructuring programme.https://www.finextra.com/newsarticle/44396/wefox-rescued-from-insolvency-amid-profound-restructuring

[kooba] 12/7/2024 05:03

https://techcrunch.com/2024/07/11/softbank-acquires-uk-ai-chipmaker-graphcore/No confirmation on valuation.But on a separate article employees been told their holding IG worthless which on the terms means less than $600m. I guess CHRY will have to explain to its shareholders what they are getting though!

[peterrr3] 01/7/2024 09:44

Thanks Kooba, should be a rubber stamp with Japan.

[kooba] 01/7/2024 08:03

Graphcore deal updateJapanese deal for AI champion Graphcore faces national security reviewInquiry follows growing concern over foreign takeovers of sensitive UK technologyhttps://www.telegraph.co.uk/business/2024/07/01/softbank-ai-deal-graphcore-national-security-review/

[kooba] 01/7/2024 08:02

Wefox update.https://www.insurancebusinessmag.com/uk/news/technology/insurtech-confirms-ceo-and-cfos-imminent-departure-495261.aspx

[rimau1] 30/6/2024 18:02

Yep agree. It is so bizarre i think it just might be an error!

[peterrr3] 30/6/2024 17:06

The cynic in me says the graphcore reval was performance related, although the materiality without a note beggars belief, especially with the space given to wefox. I wouldn't want to be signing off that as reasonable or remotely close. The rest pretty much as expected and don't have any issues with.

[rimau1] 28/6/2024 19:34

The Graphcore stake has been valued upwards from 16.5m to 35m in the quarter. That is punchy. Clearly hoping Softbank buy it and its the worst kept secret that this is the sale that Chry are hoping executes to hit the liquidity trigger but why the revaluation when it's a distressed sale. Molten reduced the valuation of their stake by 45percent so one of them is wrong. I couldn't see any commentary in the results explaining the revaluation. I could of course be wrong.

[rogen83] 28/6/2024 18:38

The shares hardly budged on the news. Wefox is the negative (but broadly known), but there are plenty of positives too. Bit of balance please…

[riverman77] 28/6/2024 16:46

Why the hell are the putting out results 2.30 on a Friday afternoon? I completely missed these and only just seen them now after markets already closed.

On Wefox just hope they don't throw good money after bad to keep it going. Would rather they write off to zero if necessary - the market has already done so.

[grahamg8] 28/6/2024 16:33

Well you won't close the discount gap by putting a warning that wefox is likely to be further written down.

[rbf] 27/6/2024 10:43

Sorry ignore last post..... wrong board ?

[rbf] 27/6/2024 10:42

Lord Ashcroft 2.6% stake disclosed.....is this new position?He already has controlling interest in Gusbourne....amongst other things.....

[peterrr3] 27/6/2024 05:33

Well it looks like they dodged a bullet there without having to passing the cap around yet. Let's hope wefox can turnaround given time.