Molten Ventures Share Discussion Threads

[donald pond] 20/10/2021 09:55

As cordwainer has set out in his previous posts there are quite a few other chunky mark ups on their way.

[w13ken] 19/10/2021 15:13

Aiven now a Unicorn. Here's another Draper Esprit holding that has rocketed in value this year to become a 'unicorn' - from $800m to $2Bn! Frothy again? Perhaps, but it will make for an interesting NAV update. I see £45.5m of Aiven fair value for GROW in Mar 2021 so back of an envelope calculation, maybe £113m now?

"Finnish open-source-as-a-service provider Aiven has attracted a $60m extension to its Series C funding which now values the firm at $2bn.

The latest cash injection suggests remarkable growth in the nominal value of the Scandinavian startup, founded five years ago, which was worth $800m when it got its first $100m-tranche of Series C funding in March.

Aiven sells open-source data technologies as a managed service. Unlike some DBaaS systems, which punt proprietary or less permissive licences for their as-a-service offers built on open source technologies, Aiven provides a stack of as-a-service systems in their true open source form.

Apache streaming platform Kafka is Aiven's most popular product, but open source relational database PostgreSQL, which released iteration 14 earlier this month, Apache Cassandra, Redis, MySQL, OpenSearch and more are available..."

[brexitplus] 18/10/2021 18:25

I certainly won’t be a customer. Vegan, ughh. Give me a good steak and kidney pudding, or bacon butty with lashings of butter any day.

[w13ken] 18/10/2021 08:59

"Draper Esprit partner Nicola McClafferty said: “Allplants is uniquely positioned at the intersection of some of the fastest-growing areas in food consumption today: high-quality, plant-based meals that deliver on taste, sustainability and nutrition in an incredibly convenient way for consumers.

“JP and the team have established a stellar brand with very clear values, incredibly strong growth and a loyal customer base. Allplants has real potential to scale its direct-to-consumer business while expanding into new channels both in the UK and beyond. We believe it can be a global brand, bringing nutrition, taste and convenience to the plant-curious consumer and we are delighted to be supporting the team as they grow and thrive.”

[w13ken] 18/10/2021 07:18

Draper invest in allplants.

"A vegan meal delivery start-up has secured £38 million in funding to capitalise on the growth in “flexitarians” as people reduce their meat consumption for health and environmental reasons.

The funding for the London-based allplants was led by Draper Esprit, the listed venture capital firm that has invested in Revolut, Cazoo and Trustpilot. It is said to be the biggest ever “series B”, or second round of venture investment, raised by a plant-based food company in Europe."

[bamboo2] 13/10/2021 13:30

Took a q profit on mine for now. Hope to be back soon.

[cordwainer] 11/10/2021 15:28

I also added a few more at around 893p. But since becoming a FT250 constituent maybe GROW is now a bit less immune to the general outlook this winter for the UK economy and passive index investor sentiment. Also trying to keep a bit of cash ready. Hard nav currently at approx 820p with historic annualised portfolio growth potentially lifting that to approx. 885p, but portfolio companies not entirely immune to general supply issues and a more fearful market could take the share price to a discount. Quite hopeful for a bounce back to £10+ but at this point I feel my target for 2021 of £12 is looking optimistic...

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.

[lomax99] 11/10/2021 12:44

Added a few.

[w13ken] 11/10/2021 12:13

Draper holding...

Sky News understands that Ravelin, which counts companies including Deliveroo and Booking.com among its clients, is working with Evercore on a potential transaction.

Tech industry sources said a sale was among the options being explored by Ravelin.

Set up in 2014, Ravelin uses machine learning to help its users detect fraud when processing online payments.

[its the oxman] 11/10/2021 11:31

Sound the alarm bells , were going under 900p

[donald pond] 11/10/2021 08:56

Tech valuations being called into question but next NAV isn't far away and should be excellent

[donald pond] 08/10/2021 17:42

I bought in today. Looks a good entry point but I guess the wider market will determine the short term result

[rampmeister] 08/10/2021 11:53

I’ve also added just think we must around the bottom of this retrace.

RM

[its the oxman] 08/10/2021 08:48

Added a few. Who knows. But great long term story and come back a long way now.

[bamboo2] 07/10/2021 08:51

Bought a few as price has entered historical support zone near 910.
gla

[cordwainer] 05/10/2021 12:21

Christoph Hornung, Investment Director, Draper Esprit says, “Over 2.5 million tonnes of construction bulk-materials delivered since its founding shows that Schüttflix works. The startup has broken into a traditionally analogue market and is creating genuine added value for its customers with a truly digital solution.”

“The business has grown by over 400 per cent since January 2021; taking the platform international is, therefore, the next logical step, and we are pleased to be at Schüttflix’s side,” he added.

NB. A little more to this link than on GROW's website.

[cordwainer] 04/10/2021 11:31

Significantly reduced premium to NAV at this point and given the typically conservative portfolio valuations, it began to tempt me.
Starting from the official 743p as at 14 June 2021, I think uplifts to NAV/ps due to Sport Pursuit, Revolut and Cazoo amount to approx 75p and for everything else (whether recognised or not) an arbitrary 67p based on longer term annualised returns. That would bring it to approx. 885p making the current share price a notional 10% premium approx. Looking forward, I suspect it will not take too long to catch up with that 10%.
I have made a small top-up at 980.6p against the sharp recent downtrend.

[w13ken] 22/9/2021 14:36

Thought Machine scores JP Morgan as a client. Another positive surprise. Many of the companies in GROW's portfolio are getting big wins.

"JP Morgan has selected UK fintech Thought Machine to overhaul its core banking systems across the banking giant’s entire US retail network.

The partnership will see JP Morgan’s Chase retail bank moved onto Thought Machine’s Vault platform in the US.

AltFi understands Thought Machine is also doing some work for JP Morgan on the recent launch of Chase in the UK.

It’s another big client win for Thought Machine, which in the last few months has provided the core banking for Standard Chartered launching its digital bank Mox in Hong Kong, and Sweden’s SEB launching UNQUO—a banking service for SMEs and entrepreneurs.

“JPMorgan Chase represents one of the most ambitious, powerful financial institutions in the world—and our joint work signals to the finance industry that cloud native core banking technology is the future for financial services,” said Thought Machine CEO and founder Paul Taylor.

[w13ken] 22/9/2021 11:53

"...Berenberg said Draper Esprit, which it selected as a top pick for 2021, had "not disappointed" thus far, yielding a return of 65% year-to-date and outperforming the FTSE 250 by 53% and the US and European tech indices by around 45% and 37%, respectively.

The German bank also highlighted that since June, markets had pushed on as valuations continue to expand in the technology sector, noting that this, combined with some new investment updates, gives it confidence that the company will outperform prior estimates with more capital deployed and the company achieving higher uplifts to its portfolio fair value..."

www.sharecast.com/news/broker-recommendations/berenberg-raises-target-price-on-draper-esprit--8111822.html

[w13ken] 22/9/2021 09:53

BERENBERG RAISES DRAPER ESPRIT PRICE TARGET TO 1,200 (1,000) PENCE - 'BUY'

[mike the mechanic] 17/9/2021 16:56

It depends on why the share price is at a premium to the declared asset value.
Most ITs hold quoted stocks which change daily but when the investment isn't quoted you have to wait for the revaluation

[nimbo1] 17/9/2021 13:40

Im holding some here btw, you really need exposure to these sorts of things for a chance of outperforming even though it can be uncomfortable at times

[w13ken] 17/9/2021 12:31

It could double or triple more quickly elsewhere but at what risk? If you know of others where the risk is lower then let me know :-)

I'm in since Jan 2020 and have topped up on numerous occasions so very happy with progress, management and the future outlook. My #1 portfolio holding.