Molten Ventures Share Discussion Threads

[rambutan2] 18/9/2019 02:10

Classic mkt inefficiency, just have to be patient, or use it as a chance to add. Especially makes no sense when MERI, with which it shares holdings, is trading at a big premium.

[mysteronz] 17/9/2019 18:48

I find it strange that its trading at such a discount to NAV, i guess thats the market for you. In buoyant times it traded at a good premium.

Any thoughts brexitplus? Not many people converse on this board

[brexitplus] 16/9/2019 19:37

Mysteronz, yes an excellent article and like you one of the reasons I am in GROW.

[mysteronz] 10/9/2019 20:41

A superb article on Graphcore, the biggest reason I am invested in GROW:

hxxps://www.wired.co.uk/article/graphcore-ai-intelligence-processing-unit

[mysteronz] 10/9/2019 20:26

Really interesting article

Can register and get a free article evey now and again:

[nimbo1] 16/8/2019 09:15

spead here is huge - no way am i buying shares at 485 when there is only a thin bid at 458. Like you I last bought in the 4's and sold in the 5's.

[steve3sandal] 14/8/2019 17:18

I don't mind if they bought them in the first place. I don't like greedy free/discounted insider share issues when compounded by the presentation of results which adjust those costs back out. They should just be honest, pay execs in £sd or shares and expense them. I agree with your antenna.
I quite like GROW as it offers something different to my portfolios. I bought a few to many after the Jan 19 placing and have since been buying at 4something and selling at 5something to reduce my average back down.

Last NAV 534p IIRC so 10% discount currently. They haven't really put an investment foot wrong yet. I'm a buyer if we drift towards Nov 18 low again. share price is news driven and we had that last month coinciding with recent high and director trimming. Not much happens in August (well apart from stuff). All IMO.

[bamboozler] 14/8/2019 15:15

Is anyone bothered by Chapman and Cook selling another big chunk of shares? I can see they both still have more than 1.3m shares each and seem to sell a tranche each year but chunky directors sells always make my antenna twitch. Any thoughts appreciated.

[rambutan2] 17/7/2019 20:47

For ref, and out of general interest. UK govt backed investor which holds stake:



And its big brother:



And newly published 2018/19 annual report:

[brexitplus] 15/6/2019 20:57

Thanks rambutan2

I watched the video earlier in the year. Really impressive.

[rambutan2] 14/6/2019 12:23

brexitplus, the FT’s Tech Tonic podcast had below episode on 19 dec last year.

Nigel Toon, founder and chief executive of Graphcore, talks to John Thornhill about the chip technology his company is developing and its potential to speed the advance of machine learning.

[brexitplus] 14/6/2019 09:44

Lots of editorial on Graphcore recently including from Bloomberg in May

“Chip designer Graphcore Ltd. is planning to hire 500 new staff and open a new office in Cambridge, the heart of the U.K. semiconductor industry.”

After due consideration I've taken a small position.

[rambutan2] 13/6/2019 21:12

Agree, pure efficient market!

And from a stock picking house:
We also initiated a small position in Draper Esprit, a listed venture capital firm investing in European technology companies. Whilst the market for funding private enterprises in the US is well-developed, it is much less so in Europe. Draper Esprit has the ambition to become one of the leading providers of capital to highly prospective European technology businesses. The management team has a long and very successful track record, and, it seems to us, that their model of permanent capital through the PLC structure might have some advantages to the traditional VC model (constrained by the timing of exits) in better capturing the long-term value inherent in great businesses. We view a handful of the company's current core portfolio holdings (such as the Bristol based machine intelligence chip maker Graphcore and the London headquartered money transfer service TransferWise) as potentially transformational opportunities capable of driving outsized returns for investors.

[nimbo1] 13/6/2019 21:00

Never ceases to amaze how stocks go in the doldrums for periods and allow accumulation then jump all at once. Not complaining.

[rambutan2] 13/6/2019 19:47

Up 7% with buyers paying 540p. So back on a premium and above the jan placing price. Happy days...

[rambutan2] 12/6/2019 16:49

Looking like the seller finally cleared out. And up we go...

[mysteronz] 07/6/2019 18:36

Thanks Nimbo, never surprised with GROW not reacting to news.

One to tuck away and let a unique company play out. Trading at a discount to NAV which is unlike GROW it has been +20% at certain points.

[nimbo1] 07/6/2019 08:35

IC comment fwiw

the value of its portfolio more than doubled to £594m in the 12 months to March 2019.

That uplift was partly powered by £215m raised from two equity placings, which alongside a further £64m in inflows to the enterprise investment scheme (EIS) and venture capital trust (VCT) funds helped the group to invest £226m across 21 companies, including further capital injections in all 12 of Draper’s existing portfolio firms.

It also included a £106m investment in the funds of strategic partner Earlybird, although repeat stakes in venture capital groups should be tempered by chief executive Simon Cook’s admission that such deals are “really hard to find”, regardless of low liquidity in European technology.

They can also be highly lucrative, judging by the £18.1m of cash already generated from flipping stakes in four companies acquired as part of the Seedcamp deal in October 2017 for £17.9m. Residual stakes, including in $3.5bn cross-border payments outfit Transferwise, are still above the original cost.

Analysts at Numis have raised their net asset value (NAV) per share forecast to 603p for March 2020, and to 709p 12 months later.

[nimbo1] 04/6/2019 20:41

hxxps://draper-esprit.s3.amazonaws.com/production/uploads/document/file/35/Annual_Results_Presentation_FY2019.pdf

Page 22...

[brexitplus] 04/6/2019 18:50

Two brokers with Buy recommendations today at about 660p. About right I would say.

[nimbo1] 04/6/2019 15:42

indeed - I've bought a few more.

[rambutan2] 04/6/2019 15:18

Has been an insti seller around since march. My only thought was that it was either Brunei or someone who didnt want to be on the same shareholder list as Brunei.

Remember that it was only in jan that GROW raised £100m at 530p.

[brexitplus] 04/6/2019 15:13

nimbo

Yes. Top results. No explanation. And Oakley hasn't moved!!!