Molten Ventures Share Discussion Threads

[steve3sandal] 02/9/2022 12:38

New Molten Ventures page was recently created. We seem to have discussions here and there. I will post on new MV in future except for today.

I too was incredulous at the rise and rise of Cazoo but plenty made good money as more expensive rounds were funded with other peoples money. Molten played Cazoo pretty well actually.

Cazoo now has more cash and stock, and I think just more cash than the MV. Unfortunately the cash won’t last too long at the burn rate. Recent HY report suggests they are focusing on making the cash last as long as possible but I very much doubt until they achieve positive cash flow. Also my screens are emblazoned with Cazoo sponsorships and they are likely to reduce their paid for visibility. Perhaps they will go to zero but it won’t affect Molten much and it doesn’t reflect on their model. What would affect their model is not getting their investors out with a substantial profit. The share price is saying the model is broken. We will have to wait and see.

[cordwainer] 02/9/2022 10:58

Strong potential as M&A target

[hybrasil] 02/9/2022 06:46

Well?
Boards gone very quiet.
I invested 5 years ago at 3.50. Sold about 20% at £8


Am thinking of buying here £3.45.

[w13ken] 03/8/2022 15:52

A good article about GROW's growth in German-speaking markets. I'm a long-term holder that believes in GROW's future direction.

"Christoph Hornung, a partner at London-based VC Molten Ventures, is known across the firm as the record holder for most funding deals closed per year. Coming from an entrepreneurial background that includes a two-year stint at Rocket Internet, Hornung has made nine investments in about 2.5 years at Molten.

"I think I got a bit lucky with the German-speaking market, because it offers a lot of opportunities," he said. "There are plenty of very interesting companies that are now reaching the Series B stage."

[johnkidd1] 02/8/2022 11:19

This stock is a great way of playing the eventual return of confidence in tech stocks AI and the future telecom tech story, drone tech, banking systems, cloud tech, at a huge discount to net assets.

[johnkidd1] 01/8/2022 10:30

Martin Davis CEO just bought £20 k stock.

[hybrasil] 12/7/2022 09:33

I bought these 5 years ago at £3.45.

I sold 20% of my holding at £8.00.

Its certainly in tempting territory at the moment

[tday] 11/7/2022 18:40

The share price has slipped by two thirds since last September. Rumour (not substantiated)of a possible M&A target.

[spectoacc] 26/6/2022 19:34

Just the £12m to come off that Cazoo valuation then.

[llef] 13/6/2022 15:16

as requested, for clarity end march 2022 nos are

trustpilot 37.3m
uipath 14m
cazoo 12m

a total of 63.3m as of end march 2022
mkt value 43.9m as of 8th june

the 3 companies were worth 210m end march 2021
in 2021-22, they sold 73m worth of stock (at much higher prices than now)
ended march 2022 worth 63.3m

[essentialinvestor] 13/6/2022 14:53

Let's see if the BOD come in and buy big around these levels.

This looks one for the brave atm, sometimes that works out.

[igbertsponk] 13/6/2022 12:31

I think you should restate with proper numbers. And also note the main reason for the drop is they've sold loads, creating super profits.

[llef] 13/6/2022 12:19

As pointed out on the other board, my numbers above are wrong, as they relate to march 2021 figs, not march 2022 figs.
Apologies for the confusion.

[llef] 13/6/2022 12:17

agghhh - my apologies, you are all correct, my numbers were completely wrong!

I was using the valuations as of march 31 2021, (i.e. the left hand column).

The correct numbers are much more reasonable.

Thanks for clearing that up, and stopping me from selling out on the basis of slapdash analysis.

[steve3sandal] 13/6/2022 11:55

Great minds Riverman and Rik.

[steve3sandal] 13/6/2022 11:54

I don’t think that’s right. I’m seeing Trustpilot £36.5m, Uipath £14m, and Cazoo £12m at 31 March 22. Molten did sell down Trustpilot and Uipath at the fancy valuations but these quoted companies appear to have only a small, under £20m, impact on the AUM/NAV. I do agree they could’ve should’ve been a lot clearer about this as I nearly spilt my tea.

[riverman77] 13/6/2022 11:53

Yes Rik has the the correct figures - by my calculation there has been a hit of around £20m from the further fall in share prices since March - so less than 2% impact on NAV per share, although would have been easier if they'd provided this detail in the headlines rather than having to dig into the accounts.

[rik shaw] 13/6/2022 11:45

I don't know where you get your figures from but the values shown in the accounts for the listed companies are:
trustpilot 36.5m
UIPath 14m
Cazoo 12m
So yes down currently from these figures but an order of magnitued away from the drop you claim to have calculated.

[llef] 13/6/2022 11:06

posted this on the other board, but I'm so fed up, I'm going to post it here too

are unlisted valuations mark to market, or mark to fantasy?

from the report
"At 31 March 2022, we held interests in three listed companies - Trustpilot, UiPath, and Cazoo. Their valuations are based on their quoted share price on 31 March 2022. Their value using the closing quoted share price on 8 June 2022 was £43.9 million."

so what was the value at period end then? why don't they tell us explicitly?

well, deep breath
trustpilot 85m
Uipath 100m
Cazoo 25m

so thats 210m down to..... 44m since report end

Its pretty clear why they don't make it explicit isn't it!

[llef] 13/6/2022 11:04

are unlisted valuations mark to market, or mark to fantasy?

from the report
"At 31 March 2022, we held interests in three listed companies - Trustpilot, UiPath, and Cazoo. Their valuations are based on their quoted share price on 31 March 2022. Their value using the closing quoted share price on 8 June 2022 was £43.9 million."

so what was the value at period end then? why don't they tell us explicitly?

well, deep breath
trustpilot 85m
Uipath 100m
Cazoo 25m

so thats 210m down to..... 44m since report end

Its pretty clear why they don't make it explicit isn't it!

[igbertsponk] 13/6/2022 09:57

Stellar results, but not a great day to announce anything!

[bathcoup] 13/6/2022 09:22

One of its portfolio companies is Thought Machine - what an oxymoron!

[johnrxx99] 13/6/2022 08:51

DP, being well over 50% in cash at the moment, I tend to agree. We will be facing post QE deleveraging over the next few years - inflation that won't be doused by rate rises, but only my opinion.

Of course we will also see huge currency deflation, GDP more than many - gold is the best bet for a while, again imo and certainly not for all.