Molten Ventures Share Discussion Threads

[cordwainer] 13/1/2022 09:36

Looks like strong support may be being established at roughly same level as NAV/ps.
I wonder if market wariness over tapering and inflation in general is impacting views on private equity discount rates and valuations ? Consensus price target from 5 analysts on Simply Wall St is currently £11.35 however.

[w1lbur01] 06/1/2022 15:35

Topped up just above 9. Hopefully a good area to buy more

[dekle] 31/12/2021 10:23

It also moved t the main market recently

[w13ken] 31/12/2021 10:07

A positive, fairly in-depth analysis of GROW published by Moneyweek today. Also rated as a Share tip.

Note GROW's 35 Seed funds are invested in an amazing 530 companies. How many big winners are in there? GROW gets early sight of them and can help lead/fund later rounds.

"...Molten’s share price can be volatile and its growth depends on finding more high-growth venture investments which it can help develop and exit at a good profit. Its record so far has been excellent. Big-name investments include Revolut, Cazoo, Aircall (the cloud-based call centre company) and Freetrade. Molten’s three-channel deal-finding technique, its record and its encouraging interim results suggest there is more growth to come.

Given earnings per share (EPS) of 206p, the 2020-2021 p/e is 4.5; the forward p/e depends on the value of 2021-2022 exits but, encouragingly, the first half saw a strong eps of 148p. The company could be a useful addition to portfolios for those with a reasonable risk appetite."

[cordwainer] 31/12/2021 07:43

GROW's highest price reached in 2021 missed my target by an entire 10p :-(

cordwainer - 21 Jan 2021 - 09:52:50 - 288 of 472 Draper Esprit - VC Firm - GROW
Based on analyst estimates, my conservative target price here for 2021 is £12.
Among my largest portfolio holdings.

[w13ken] 30/12/2021 08:47

GROW was named on the (behind a paywall) Daily Telegraph list of 2022 tips this week.

The gist is that GROW is a compelling but risky way to invest in pre-IPO fast-growing tech companies and should do well.

[mr. t] 23/12/2021 17:27

I took a small stake in GROW today. Looks a good way to be exposed to hi tech, hi growth, venture backed firms. ??

[rik shaw] 08/12/2021 18:37

Thanks for posting the link.

[cordwainer] 08/12/2021 17:59

"Management anticipates FY22 fair value growth of around 35%, subject to wider market conditions, taking into consideration continued revenue growth within its portfolio, as well as financing rounds and exits, and a healthy pipeline of new investment opportunities."

[johnrxx99] 07/12/2021 05:28

Consensus revenue estimates increase to UK£303.3m

The consensus outlook for revenues in 2022 has improved.

2022 revenue forecast increased from UK£204.3m to UK£303.3m.
EPS estimate increased from UK£1.45 to UK£1.80 per share.
Net income forecast to shrink 34% next year vs 18% growth forecast for Capital Markets industry in the United Kingdom .
Consensus price target broadly unchanged at UK£11.25.
Share price fell 3.3% to UK£8.86 over the past week.

Via Simply Wall Street.

[cordwainer] 03/12/2021 14:54

Dipped below £9; I doubt we stay at this par value or less for very long.

[nerja] 02/12/2021 16:58

My thoughts as well , something going on, if I was a trader I would be piggy backing it

[cordwainer] 02/12/2021 16:46

Again a big UT at the end. Is somebody strong-arming this trading range ?

[nerja] 30/11/2021 16:42

A UT close to 5 million at 9.25 at the end pretty chunky

[cordwainer] 29/11/2021 11:47

hey rambutan, can the thread title be updated ?

[cordwainer] 29/11/2021 10:53

i'd already noted my error, thanks.

[rik shaw] 29/11/2021 10:43

the 37% increase is for Gross Portfolio Value, not NAV uplift or portfolio fair value increase. Gross value change must include the £107.7m capital raise in the period, which is only gradually being deployed.

[cordwainer] 29/11/2021 09:37

I seem to be reading that 35% NAV uplift is expected for the full year, whereas 37% uplift has already occurred in H1, therefore no uplift expected for H2... ? edit: my bad, that's gross portfolio value not NAV.
Also seems like the 27% noted in the highlights is a mistype whereas the 37% under the Portfolio Valuations heading is the correct figure.
Expectations for the full year have probably been influenced a bit by the post-H1-period markdown in UiPath and Trustpilot share prices, for example.

[igbertsponk] 29/11/2021 09:16

Cracking results. Great company.

[rik shaw] 29/11/2021 07:53

Interim Results


NAV per share increased to 887p

27% Gross Portfolio fair value growth in the six-month period to 30 September 2021

anticipate fair value growth in the region of 35% for the full year to 31 March 2022, subject to wider market conditions

[tomps2] 26/11/2021 09:11

Alexandra Jackson Interview with PIWORLD

Alexandra Jackson mentions Molten Ventures (GROW) at 17m32s in the latest PIWORLD interview

Watch the video here:

Or listen to the podcast here:

[igbertsponk] 25/11/2021 10:49

The ones I sold were a 36 bagger, so I'm not complaining. Not often you can exit - was a sale to the new institutional investors in the last round.

[princesa_consuela] 25/11/2021 10:45

Oh that is not nice.
I have never used Crowdcube, I didn't know you were allow to exit and sell your shares.

[igbertsponk] 25/11/2021 09:33

Yes, the Freetrade fundraise (topped out at £8m) is at more than double the price Molten got earlier this year.
And annoyingly twice the price I sold half my Freetrade shares!