Molten Ventures Share Discussion Threads

[johnrxx99] 13/3/2023 07:53

No RNS or comment, imo not a good sign. We'll see at 8am.

[ayl30] 13/3/2023 07:23

So, panic over??

[kooba] 12/3/2023 12:40

Agreed..but it could leave Molten in the unenviable position of not having liquidity to support portfolio companies until they can raise other facilities. With many later stage private equity techs coming up for new financing later this year having gorged on the cash bonanza 18m ago ..the funding environment is going to be substantially different and will undoubtedly have an impact on next funding rounds. This is largely already factored in on VC fund values..but some of the down rounds could be eye watering. From feast to famine.

[donald pond] 12/3/2023 12:29

There are often rights of set off so if a company has a deposit and a loan with same bank it can be netted off. Obviously could cause short term cash flow issues until resolvef

[spectoacc] 12/3/2023 12:01

The portfolio investments point is the key one IMO - and applies to all the PE ITs, in particularly the tech-focussed like HGT. Do they even know where the portfolio co's have put their cash?

Feels fairly likely taxpayer cash will be used to bail out the risk-takers once again, but I live in hope that capitalism will be allowed to work this time.

[kooba] 12/3/2023 11:58

Does depend where Molten are actually holding any free cash balances..if it's with SVB then could be an issue. There seems to be concerted Govt action to give some clarity around SVB U.K. to mitigate impact on U.K. companies with deposits. Expect announcement on that pre markets opening. Also expect a 7am rns from Molten giving clear picture on any exposure. As to whether any Portfolio investments are embroiled that may take longer to ascertain I guess ?

[johnrxx99] 12/3/2023 03:26

The UK arm made insolvent by B of E.

[donald pond] 11/3/2023 22:04

It looks like GROW had drawn down £90m from SVB. I'd say that's more a problem for the administrators of SVB than for GROW.

[orinocor] 11/3/2023 16:34

The UK arm of SVB claimed it was separate from the parent but that's not stopped it being under existential threat with the Bank of England looking to wind it up next week. but there is still hope

hxxps://news.sky.com/story/bank-of-london-weighs-rescue-bid-for-uk-arm-of-silicon-valley-bank-12830933

[donald pond] 11/3/2023 09:31

On the bright side any VC/ PE with dry powder may be able to pick up generational bargains over the next 12 months. Cash is truly king

[kooba] 11/3/2023 08:59

Doesn't necessarily appear a big issue for the company as being under feds wing means there will be time to restructure debt facility The bigger issues will be for those that have money deposited that may now be tied up and inaccessible for a period...a number of private companies have deposits so there could be cash flow issues for them. Whether that impacts any portfolio companies might need more clarification from Molten.

[johnrxx99] 11/3/2023 02:30

I would expect an RNS on Monday stating their position in this disaster.

[kooba] 10/3/2023 16:56

Live Updates: Silicon Valley Bank (SIVB) First FDIC-Insured Firm to Fail in 2023 - Bloomberg https://www.bloomberg.com/news/live-blog/2023-03-10/the-fallout-from-svb?ai=eyJpc1N1YnNjcmliZWQiOmZhbHNlLCJhcnRpY2xlUmVhZCI6ZmFsc2UsImFydGljbGVDb3VudCI6MCwid2FsbEhlaWdodCI6MX0=

[riverman77] 10/3/2023 14:43

I wouldn't be too sanguine about this - they will presumably need to arrange a new debt facility to meet cash calls, and they don't have that much cash on their balance sheet. Not sure it will be easy to find a new one on attractive terms in the current climate. On the NAV, I wouldn't pay too much attention to this - essentially an arbitrary figure based on earlier inflated funding rounds, but not the metric I would use to value this share.

[johnkidd1] 10/3/2023 13:35

Debt facilities can be easily renegotiated. Several £1million buys today. Someone canny enough to see the crazy discount and value.

[spectoacc] 10/3/2023 13:24

Let's hope it's a debt facility.

[riverman77] 10/3/2023 13:15

Apparently they have a facility with SVB, that's probably driving today's fall.

[mike the mechanic] 10/3/2023 13:10

Extraordinary price movement and volume today. Was there a large forced sale? Hopefully it was cleared at 11am.
I took advantage of the dip to top up at £3.17 and £3.06
Onwards and upwards?

[brut winky] 03/3/2023 16:08

Lagging the market, maybe a forced seller.

[kelster50] 02/3/2023 13:47

Any idea who's buying?

[johnrxx99] 14/2/2023 02:25

If Nasdaq keeps on moving forward GROW should follow imo.

[johnkidd1] 13/2/2023 14:39

Rising wedge on graph usually signals a likely breakout to the next resistance point around £5 level which would be nice..

[hatfullofsky] 12/2/2023 21:13

I was thinking the same, need to factor in the FX element but otherwise looks great

[johnkidd1] 03/2/2023 09:50

Still only on half Nav and a recovering Nasdaq. Some good Tech results to support techs over last few days. Meta saw a big jump. Stability only widens case for buying the likes of Grow.