Molten Ventures Share Discussion Threads

[donald pond] 13/6/2022 08:43

It's very difficult to feel confident about current valuations but at the same time an inflationary environment could be good for disruptive companies working to reduce costs in the supply chain. It's definitely one on my shortlist but now doesn't feel like the time to buy anything other than gold tbh.I'd be amazed if AI doesn't play a much bigger role in our lives going forward. Can GROW pick the winners and are the current valuations right seem the key long term issues.

[johnrxx99] 13/6/2022 08:40

Oh well, that one's answered then:-)Could be sub GDP3 on the cards.

[johnrxx99] 13/6/2022 07:33

Well, the figures look good but the near future not so. I'll see what the market does and then may start a position.

Don't really expect much until next year.

[cordwainer] 12/6/2022 15:07

I believe the market is assuming a double discount effect here because of the NAV not yet reflecting (a) stagflation concerns which I guess can affect those assets valued by discounted cash flow methods, and (b) because of the recent technology sector sentiment impact as you said. Macro and sector driven investors will simply dismiss and ignore private equity and venture capital companies until those macro fears recede.
I reckon around 40% of investors are macro-driven passive investors rather than stock-pickers.

[salpara111] 11/6/2022 09:43

Just had a look at this for the first time.
Last update claims a NAV of "at least" 929p so why the almost 50% discount to NAV?
I realise their investment portfolio is out of fashion right now but that might give you 20-25% discount.
Is it the fact that they don't make any returns to investors but rely on capital growth?
Current share price suggests a no brainer but I guess Monday should bring some more clarity.

[cordwainer] 10/6/2022 14:17

I ask myself similar question most days this year I think. More of an uncertainty discount than a pessimism discount, if you can believe that is two different things. Results due Monday, holding and hoping for no nasty surprises, discount is surely about as wide as it can get.. maybe it could narrow from both slightly lower NAV and slightly higher share price

[cordwainer] 10/6/2022 14:12

“breader”;?

Continually surprised how low and apparently discounted this can get

[steve3sandal] 10/6/2022 13:19

Not Afghan. Arggh.

[johnrxx99] 10/6/2022 09:49

Fighting back today. Still early but is this the time to dabble again?

[blackdown2] 10/6/2022 09:16

Have a few, bought following article in Money Week. Must be a thin market, as significant changes to price on relatively small volumes.

[steve3sandal] 09/6/2022 19:20

Not Afghan. Arggh.

[steve3sandal] 09/6/2022 17:58

I bought back in today and immediately under water. That’s par for my course. I bailed in early March 2020 when I didn’t know what Covid was and wanted to protect my position.I guess I’ve been waiting for the opportunity to buy back lower and this happened today.Discount perhaps 40% on current valuations and I’ve found 45% is usually as low as these things go. That assumes current valuations are about right, who knows, but recent unquoted transactions look to underwrite current £7 numbers. I’m not usually one to try and catch a falling knife but we are not going to get a chart bowl before 13 June so I’ve bought a small ticket and will review my situation next week. Good luck to all.

[steve3sandal] 09/6/2022 17:56

Afghan. We need to be on Molten not (Jon) Moulton. I’ll repost there.

[steve3sandal] 09/6/2022 17:33

I bought back in today and immediately under water. That’s par for my course. I bailed in early March 2020 when I didn’t know what Covid was and wanted to protect my position.
I guess I’ve been waiting for the opportunity to buy back lower and this happened today.
Discount perhaps 40% on current valuations and I’ve found 45% is usually as low as these things go. That assumes current valuations are about right, who knows, but recent unquoted transactions look to underwrite current £7 numbers. I’m not usually one to try and catch a falling knife but we are not going to get a chart bowl before 13 June so I’ve bought a small ticket and will review my situation next week. Good luck to all.

[donald pond] 09/6/2022 17:19

I think it's just a belief that the type of companies they invest in are overvalued and may have trouble raising money in future. I believe results are next week and the NAV is likely to show this is close to a 50% discount. That feels overdone to me, as do the discounts across the PE sector. But who knows?

[lako42] 09/6/2022 17:08

Hi guys.

Had this on my watch list for over a year now and have monitored the increase and subsequent share price drop recently.

Not expecting anyone to do my research for me obviously but would be interested in why the share price drop? General market excluded?

Also as its a new thread might be nice for the lt holders on here to express the highlights here and why they are invested?

Thanks

[octaviab] 09/6/2022 16:48

Every good deed has its own punishment. Bet you wish you'd never started...
I've bookmarked the new thread, thank you.
See you there sometime

[johnrxx99] 09/6/2022 13:41

Amended version

[johnrxx99] 09/6/2022 13:40

Amended version

[johnrxx99] 09/6/2022 13:36

A FTSE 250 company listed on the London Stock Exchange and Euronext Dublin.

It invests across the UK and Europe in private high-growth technology companies with global ambitions. We do this because we believe the future is being built, today, by Europe’s entrepreneurs. Where investments qualify, it combines three pools of capital (across plc, EIS and VCT vehicles) to invest in the best European technology companies.





Founded in 2006 as Esprit Capital, the company was renamed Draper Esprit in 2015 after joining Silicon Valley investor Tim Draper and the Draper Venture Network.

In June 2016, Draper Esprit was the subject of an initial public offering on the London Stock Exchange. It moved to the main market in July 2021 becoming the largest technology-related venture capital company to be publicly listed.In November 2021, Draper Esprit rebranded to Molten Ventures.

In April 2022, Molten Ventures joined The Venture Capital Trust Association (VCTA).

Investments have included companies such as Crowdcube, Endomag, Freetrade and Trustpilot.

14 March 2024 - completed purchase of Forward Partners.

[octaviab] 09/6/2022 12:01

Thanks for starting this John. Might be worth adjusting the spelling in the header to “Molten” though… :)

[johnrxx99] 09/6/2022 11:16

A start at a new thread with the company's name. I don't usually post a lot but I'll update as we move on.

[johnrxx99] 09/6/2022 11:13

A start at a new thread. Suggestions welcome.

[johnrxx99] 09/6/2022 11:10

A FTSE 250 company listed on the London Stock Exchange and Euronext Dublin.

It invests across the UK and Europe in private high-growth technology companies with global ambitions. We do this because we believe the future is being built, today, by Europe’s entrepreneurs. Where investments qualify, it combines three pools of capital (across plc, EIS and VCT vehicles) to invest in the best European technology companies.