Molten Ventures Share Discussion Threads

[the runt] 18/2/2020 13:59

Sounds nice - collective hysteria and illiquidity may get it even higher ;-)

[steeplejack] 18/2/2020 12:48

Jeffries have a forecast out this morning of 727p

[dplewis1] 15/2/2020 21:14

Be warned, entropick is a spam account from Too AIM Stocks - do not click the link.

[entropick] 15/2/2020 21:09

Draper Esprit (GROW) has exited its stake in electric vehicle charging company Pod Point, at a price ahead of its latest fair valuation. BUY

[steve3sandal] 14/2/2020 12:53

I think they inherited the PodPoint position but these deals will keep adding to their track record and much much better value than MERI.

[rambutan2] 14/2/2020 12:14

Nonetheless, an exciting investment:




And quality lead investor:

[p1nkfish] 14/2/2020 11:13

Wont move the needle much.

[the runt] 14/2/2020 10:41

Good to know, but a little bit underwhelming :-)

[brexitplus] 14/2/2020 07:21

Draper Esprit (LSE: GROW, Euronext Growth: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, today provides an update on recent developments in its portfolio.

Pod Point

Draper Esprit has sold its stake in Pod Point, the UK's largest independent provider of electric vehicle charging, to EDF Energy for a transaction value ahead of September 2019 fair value and representing a return of 2.3x, with an IRR of 39% over three years.

Since its foundation in 2009, Pod Point has shipped over 69,000 charging points across the UK and Norway and has also built an extensive network connecting electric vehicle drivers with almost 3,000 public charging bays at locations including branches of Tesco, Lidl and Center Parcs. Draper Esprit originally invested in the business in 2017.

The disposal of Pod Point brings the total value of cash generated by the Company from exits or partial exits to £36 million in this financial year.

Aiven

In February, Aiven, a Finland-based software company combining the best open source technologies with cloud infrastructure, raised $40 million in Series B funding in a round led by IVP, the leading US based VC firm. Aiven is a Draper Esprit portfolio company via the partnership with Earlybird Venture Capital.

Draper Esprit also invested further in the round with the Earlybird partnership and Aiven is expected to move to a core holding of Draper Esprit as a result of an approx. £8 million fair value uplift and further investment.

The investment will be used to accelerate the development of Aiven's platform and increase headcount to support growing demand. Aiven tripled its revenue run rate during 2019, adding 200 new customers and opening new offices in Berlin and Sydney.



Commenting on the developments, Martin Davis, Draper Esprit Chief Executive Officer, said:

"Draper Esprit has continued to build on the momentum we demonstrated at the half year stage."

"The disposal of our holding in Pod Point is a great outcome both for Pod Point and for Draper Esprit. We've worked closely with Erik and the Pod Point team through a critical point in the company's development as the electric vehicle charging market approaches the mainstream. EDF Energy is absolutely the best partner to support the Company on the next stage of this journey, as it looks to accelerate the role out of charging points, and help it become a market leader.

"We're incredibly proud of the progress Pod Point has made in building the most advanced intelligent charging network in the UK and we look forward to watching their continued momentum as part of EDF Energy.

"We're also delighted that Aiven has raised funds to support its continued growth and pleased that it is able to welcome IVP as a new investor.

"These developments demonstrate the strength of the Draper Esprit model: we support innovative growth businesses as they scale up and create value for our shareholders throughout the investment cycle."

[the runt] 11/2/2020 13:47

Not much strength behind the recent rises, but great speculative investment for medium/long-term hold. Chart looking good.

Edit: actually relatively big buys coming in

[steeplejack] 04/2/2020 18:58

Excellent company TransferWise.

[sirrux] 04/2/2020 18:38

...then TransferWise maybe?

[sirrux] 04/2/2020 12:39

Is Revolut being rolled out this year?

[mysteronz] 27/1/2020 15:04

Great to see someone new on the register and agree, lookings like we have an invesco buyer

[rambutan2] 27/1/2020 12:04

Interesting new 3% holder - assuming have taken them from Invesco. Little on google but here are a few snippets:



Boris Zhilin - Partner, Armor Capital Management – Boris is a founder and managing member of Armor Capital Management which is a New York Based hedge fund that has demonstrated outstanding results investing in public and private companies. Prior to Armor, Boris was in the Healthcare Banking and Merchant Banking Group of Bear Stearns.


Boris Zhilin is a co-founder and Principal at Armor Capital, a global, fundamental value-driven investment manager which commenced operations in November 1998 and manages in excess of $400 million. Their annualized net return from inception is 16.4% or 922% cumulative, compare to 39.71% (2.7% Annual Return) obtained by the reference index, the MSCI World Index. Mr. Zhilin began his career in 1995 in New York as a financial analyst in the Investment Banking division of Bear Stearns. In 1997, he became a member of the Bear Stearns Merchant Banking group, an effort mandated to invest the bank’s own capital in private equity transactions. Boris holds a B.A. from Syracuse University.(posted 21 October, 2014)


Boris Zhilin was born and grew up in the former Soviet Union. Having received a scholarship he left in 1991 to attend Syracuse University in Syracuse, NY. After graduating in 1995 with a Bachelor of Sciences degree in Finance, Economics and Managerial Statistics he spent five years at Bear, Stearns & Co. Inc. as an analyst in the Corporate Finance department and subsequently at the Bear Stearns Merchant Banking group. In 1999, Boris joined Armor Capital, which he co-founded with his friend and former Bear Stearns colleague, Dov Plitman. Boris was born on May 3, 1973.

[mysteronz] 20/1/2020 19:23

Welcome gilesy :)

[gilesy] 20/1/2020 16:22

bought in today at 5.26
great way to access the VCT market with a good spread of risk
some of the core holdings have great potential and the discount to NAV offers some protection
I suspect sentiment has been soured by the Woodford fiasco re illiquid assets and also Invesco are reducing their sizeable holding, neither issue gives me cause for concern

[mysteronz] 19/1/2020 20:21

Still below NAV which is on course to go up 20%. Trailing roughly about 25% lower.

When revolut seeks new investment it will propel it higher.




GROW used to be on a good NAV premium but has lagged the improved sentiment on the markets over the last year.

Graphcore is the jewell in the crown

[rambutan2] 19/1/2020 20:06

Got written up as a buy in IC this week. Hence fri rise.

[brexitplus] 11/12/2019 07:51

Merian Chrysalis Investment Trust

Acquisition of additional shares in Graphcore Limited

In accordance with the intentions announced at the time of the recent Placing, the Company also confirms that it has acquired an additional £11.6 million holding in Graphcore Limited from the open-ended UK small- and mid-cap equity funds managed by the Company's Investment Adviser, Merian Global Investors (UK) Limited.

[rambutan2] 02/12/2019 21:31

Yes, they've got rid of 5% since 06/11. They having big redemptions and reducing across the board and partic where they hold large positions. Part of the Woodford fall out...

[brexitplus] 02/12/2019 14:44

Invesco reduced from 17.58% to 15.64%

[brexitplus] 02/12/2019 09:46

Good article re Graphcore and competitors in Forbes

[rambutan2] 26/11/2019 21:52

Here you go:

[brexitplus] 26/11/2019 10:49

Good presentation on the website.