Molten Ventures Share Discussion Threads

[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?

[cordwainer] 05/9/2022 16:37

Difficult to value with these sorts of investments in freefall lately.
Working in plenty of risk off sentiment since the 31 Mar 2022 valuation (e.g. -30% across core holdings and -50% on the rest) I reach approx 600p NAV/ps. However the market is clearly writing off a further -45% from that approximation. Getting there would surely take a high proportion of failures and fire sales in the context of sustained and broad based double-digit inflation coupled with a collapse in investment funding ..?

[spectoacc] 05/9/2022 10:53

Revolut? Cazoo? Crashing stock market?

Most of NAV from last March?

Plenty to be cautious on IMO, but agree it's starting to look like value down here.

[salpara111] 05/9/2022 10:50

What is fair value here?
I almost took a stake at 400 as that was a substantial discount to the last NAV declaration.
At some point this has to be an attractive proposition I'm just not clear how to determine when that is!