Molten Ventures Share Discussion Threads

[riverman77] 30/9/2022 14:10

The trouble is the NAV is largely meaningless so can't be used as any sort of anchor to gauge value. They don't supply any information how they actually come up with this valuation - I suspect it's largely based off earlier funding rounds which were obviously very inflated. Some of its peers such as AUGM and OCI provide quite a bit of detail about the valuation methodology and I can see they take a fairly conservative approach - definitely not the case with GROW.

[hammergaumet] 30/9/2022 13:56

Came across this blog post on Moltenhttps://insiderideas.substack.com/p/grow-molten-ventures-uk-closed-fund?utm_source=twitter&sd=pf

[rambutan2] 29/9/2022 23:28

If we halve the last nav, so 450p. This is on a 40% discount to that. And a mkt cap of circa £400m does mean that a big revaluation or two can start to be worth a fair chunk of that mkt cap.

What I really don't like is that they geared themselves. Something that a VC manager just shouldn't do imho. The board should know better.

But I don't think the Molten team are rubbish re their investing prowess, and the price does offer a discounted way to access their business. Hmmm...

[p1nkfish] 29/9/2022 20:02

No comment from me but this is interesting. Is GROW an analogue along with the likes of IPO and MERC - but only at the extremes?

[cordwainer] 29/9/2022 16:16

and I happen to agree with Grahame Cook and picked up a few at 267.6

[spectoacc] 29/9/2022 15:37

A director has finally bought - last one was c.5k shares at £3.48.

And the result is "auction down".

[cordwainer] 29/9/2022 15:16

all-time closing low: 269
all-time low: 255
now: 268

[p1nkfish] 29/9/2022 12:47

When liquidity dries up they go down hard. Better as private than listed.

[p1nkfish] 29/9/2022 12:47

All of the early venture types, from what is happening, are shown to only be momentum plays as none are standing up well or able to swim against the tide.

Time turns, buy, otherwise sell.

[waterfall city] 29/9/2022 12:24

Presumably the portfolio companies are more 'early stage' here compared to say HG capital.

[spectoacc] 29/9/2022 10:21

Loss making, with perhaps few option to raise more cash when needed - at least at anything close to previous valuations.

And if you say "GROW will put cash in to them at those far lower valuations", think what that does to NAV.

But agree the investee co's surviving is the main thing. The world has moved on.

[earseeker] 29/9/2022 10:18

The real trouble is that the portfolio is full of loss making companies. The covid tech bubble delayed the inevitable.

[p1nkfish] 28/9/2022 09:50

One hell of a climb needed to get out of this hole for people underwater.

[p1nkfish] 27/9/2022 23:22

A ski slopes like IPO.

[w13ken] 08/9/2022 18:11

No sign of Martin Davis.

[w13ken] 08/9/2022 17:49

Portfolio Day in New York.

Just hoping that this raises additional US interest and investment.

"Molten Ventures and 19 portfolio companies have gathered at New York's iconic Nasdaq building to share ideas and learn about European tech trends. A bell will be rung (at 9:05 am EST), exposure will be gained and nets will be worked...

There aren’t too many things better in life than a gathering of the clan; or in the case of many a VC firm, the CEOs of a number of your portfolio companies. Today, London-based, European tech ecosystem backer Molten Ventures is doing just that. Just not in London...

...But not just any New York City address will do, as Molten is bringing together 19 of its portfolio companies including Berlin-based Clue, Bucharest-based FintechOS, Cambridge-based FocalPoint Positioning, and Dublin’s Manna at Nasdaq.

Thumbing through the selected portfolio companies, it’s clear that Molten is promoting the widest possible opportunities for the cross-pollination of ideas, learnings, and opportunities. With enterprise and SaaS, consumer tech, digital health, fintech, climate tech, and a personal favourite of mine, hardware-focused deeptech companies all on hand, the gamut is covered..."

[cordwainer] 08/9/2022 16:34

Am I to understand that this meeting in NY is only for portfolio CEOs from Europe & UK and not a promotional event for US investors ?

[cordwainer] 07/9/2022 12:52

i.e. approx 9 to 10%

[spectoacc] 07/9/2022 07:05

"The Debt Facility's interest rate is SONIA plus a margin of 5.5% per annum."

[spectoacc] 06/9/2022 20:40

Sorry @cordwainer, you're right - I meant Cazoo, and have edited.

Out of interest, most can be viewed here:

[cordwainer] 06/9/2022 13:53

^ I'm not convinced that MV has anything to do with Klarna ? I know Chrysalis took a hit from its valuation crunch tho.

[johnrxx99] 06/9/2022 09:18

On the other hand, some of the companies may be the future of the of the human race. I've written off this investment and will wait to see how 2025 fairs.

[spectoacc] 06/9/2022 06:44

Fair points, tho in the case of a few of them, zero seems likely - is eg Cazoo worth anything?