Molten Ventures Share Discussion Threads

[funkymonks] 23/4/2024 12:01

I am able to buy on ii. Just search for Molten Ventures.

[johnrxx99] 23/4/2024 09:35

As I can't buy or sell them anymore, thanks to ii, I'm closing the link to this thread. If anyone wants changes in the future, please PM me.

GLA

[johnrxx99] 23/4/2024 09:31

European VC success ‘lagging’; the US

The chief financial officer of venture capital business Molten Ventures has warned of a “bifurcation” in the success of venture capital between the US and Europe.

Ben Wilkinson told City A.M. that while US venture capital funds had performed “very well”, the European market “hasn’t quite managed to catch up”, creating a significant lag effect between the two.

Molten Ventures is currently valued at £457m by the market, despite its portfolio of companies being worth £1.4bn, with the significant gap between the two having persisted for some time for the firm.

Sums up the death of the UK post Brexit. What with one of Goldman's leading bankers leaving London for Paris, not a good day for finacials.

[kooba] 23/4/2024 09:20

One cannot say that a drop in the headline nav was not totally and maybe overly factored in.The hint at further realisations with a number of exit processes ongoing across our portfolio..is the key.If they can steady and get uplifts in the nav as i think will be the case as markets have improved and valuations see Revolut bounce together with actually getting monetisation events turning investments to cash or more liquid holdings then the discount should narrow meaningfully.

[juliemara] 23/4/2024 08:44

That's easy, don't die and don't sell!

[spectoacc] 23/4/2024 08:21

All seemed positive ex the NAV drop, but eventually NAV will climb again, and hope I'm still on board when it does.

[johnrxx99] 23/4/2024 08:16

Martin Davis, Chief Executive Officer of Molten Ventures, commented:

“We are grateful to all our investors who supported us through the period, most notably with our fundraise and with the addition of the Forward Partners portfolio. With £123 million of cash resources across PLC, the managed EIS/VCT funds, as well as a £60 million undrawn debt facility and a stable and enhanced platform, we are in a strong position to deploy capital selectively to maximise returns for our investors in a stabilising but still challenging environment for high-growth companies. Our portfolio remains in good health, and we expect to see a step up in realisations in the current financial year, with a number of potential exit processes ongoing across our portfolio.”

[kooba] 16/4/2024 06:27

Oakblokes research suggests"For example GROW values its 0.35% holding in Revolut at £54.5m. This means Revolut is worth £15.4bn ($19.5bn)."So whilst the Schroders valuation uplifts is not as meaningful as where they were valuing, it looks like a 30% uplift on where Molten currently hold..which would be positive.

[kooba] 15/4/2024 21:56

https://www.bloomberg.com/news/articles/2024-04-15/revolut-valuation-raised-by-investor-schroders-as-fintech-fortunes-reboundRevolut Valuation Raised 45% By Schroders Shows Fintech ReboundChange in stake value implies Revolut is worth $25.7 billion

[peterrr3] 28/3/2024 07:44

There's optimism and the there is optimism on steroids and that is oak bloke. To think Molton can not just recoup its investment but make a stonking profit out of the ashes of Graphcore beggars belief.I think the problem is that he doesn't actually know the equity holding. Hence the very likely rubbish on Revolut as well.Without knowing the assumptions underpinning the valuations you can't really comment and will note a mountain of disclaimers will exist in both PwC and Delloite reports.

[kooba] 28/3/2024 06:25

Some very good coverage by The Oak Bloke i not sure if others follow but they do some good work imho.

[johnrxx99] 22/3/2024 07:08

Yes, good luck. Personally, I'm looking for a 20% uptick before I get back in.

[kooba] 21/3/2024 17:40

Might have timed it right ..good luck.

[spectoacc] 20/3/2024 19:21

Bought today, prepared to average.

[thunders] 18/3/2024 20:29

As at 30 September 2023, Molten Ventures had a diverse portfolio with shareholdings in 74 companies, 17 of which represent our Core Portfolio holdings and account for 62% of the Gross Portfolio Value. Our core companies include Thought Machine, Coachhub, Form3, Aiven, Ledger and Aircall. We invest across four sectors: Enterprise Technology, Hardware and Deeptech, Consumer Technology, and Digital Health and Wellness, with highly experienced partners constantly looking for new opportunities in each. We look for high-growth companies operating in new markets, with aspirations for global expansion, strong IP, powerful technology, and strong management teams to deliver success. We also look for businesses with the potential to generate strong margins to ensure rapid, sustainable growth in substantial addressable markets.



Molten Ventures provides a unique opportunity for public market investors to access these fast-growing tech businesses, without having to commit to long term investments with limited liquidity. Since our IPO in June 2016, we have deployed over £1bn capital into fast growing tech companies and have realised £520m to 30 September 2023.

[peterrr3] 17/3/2024 13:26

It would be nice if they published a portfolio list, but I am guessing towards 1% based on Revolut's supposed value in April 23.

[farrugia] 17/3/2024 09:50

how much of Revolut does Molten Ventures own?

[peterrr3] 15/3/2024 09:08

There is a portfolio list in the 23 accounts, but Perkbox is not listed as core and is lumped with "other" investments.

[peterrr3] 15/3/2024 08:52

Not in the Perkbox accounts either. I would have thought if it was particularly material there would be an RNS.

[kooba] 14/3/2024 11:31

Is there any easy way to see Molten % holding in Perkbox , many such investment companies list their interests in their portfolio list but see Molten don’t..but they are a recognised investor from the article and from their website.

[w13ken] 14/3/2024 00:22

Excellent news from Sky that Perkbox has been bought by a US private equity firm, Great Hill Partners, for about £130m. MV went in big and early on Perkbox but I can't trace a recent valuation.

Some info here with MV investment numbers:


Let's hope this is the first of many sales and that the realisation for MV is registered in March to help the bottom line for this financial year.

[johnrxx99] 13/3/2024 01:48

At last the Forward Ptns deal will be done tomorrow and trading of the merged group will start on the 15th.