Molten Ventures Share Discussion Threads

[cordwainer] 19/5/2023 08:59

Telegraph reporting some fresh doubt, misunderstanding or misadventure about Revolut's potential UK banking licence. I don't have access to the full story though.
edit: there are other sources from last night.

[brut winky] 16/5/2023 12:04

Seems a bit low, basing pattern.

[donald pond] 27/4/2023 09:01

I looked at HGT yesterday and most of their PF companies were seeing 25%+ underlying growth in revenue. GROW businesses look like they are doing very well, it is purely a question of valuation. But if £10 was clearly too much, perhaps £2.70 is too low. Who knows - we need the IPO market to wake up before the valuation issue can be addressed

[mallorca 9] 27/4/2023 08:33

Well, I thought that the update was very reassuring .... so I've taken advantage of this fall and have added.
Quality will rise in the end !

[mallorca 9] 27/4/2023 08:28

Anyone understand that fall ?

[johnrxx99] 27/4/2023 07:57

Same here but hard to know how the market will react in the current climate.

With a number of my holdings, hitting consensus was not enough - I'm become a bit paranoid when results are announced. Roll on 2024 :-)

GLA

[ayl30] 27/4/2023 07:29

Looks solid to me

[mallorca 9] 27/4/2023 07:17

Very good update !

[kelster50] 25/4/2023 07:46

Trading update and Notice of Results I should say with Conf Friday AM

[kelster50] 25/4/2023 07:40

Results Thursday with EC Friday AM

[hugepants] 11/4/2023 07:51

Remarkable. Not great obviously but the current discount to Sept NAV is 68% and GROW did confirm on 30 March that both Ledger and Isar recently raised funds at their Sept valuations. These are valued at £95M versus £73M for Graphcore.

[johnrxx99] 11/4/2023 07:26

Well spotted

[ayl30] 09/4/2023 23:14

re GROW, Sunday Times report that Sequoia have written their holding in Graphcore down to zero. If indeed a zero, that would mean a 4% hit to GROW's nav

[spectoacc] 07/4/2023 08:12

I admit it's a while since I looked properly, but a great many unprofitable co's are going to struggle to raise money going forwards - the last 14 years of free money are over - so GROW will need to pick & chose who to support. Many won't make it.

Never inspires me that Cazoo is the one that jumps out on here:



And Revolut. And Trustpilot. All the ones I recognise I wouldn't touch with a bargepole :)

Maybe it's worth looking again at this discount, but I see they realised £13m in the boom time 6 months to Sept, spent £112m, had £28m group cash remaining, and a £150m expanded debt facility.

[hugepants] 06/4/2023 18:14

Portfolio value was down 12% to end sept so they maybe ahead of the curve.

[spectoacc] 06/4/2023 16:21

End-Sept! The world has changed since then. SVB alone.

[hugepants] 06/4/2023 12:04

Has this bottomed out? It looks a bit mad down here with last reported NAV of 837p (at end sept). It's venture capital so obviously risky in the current funding environment but you can half that NAV and still be on a 37% discount.

[johnrxx99] 04/4/2023 08:59

And then the Saudis cut oil supplies. I wonder who they work for, LOL.

[mallorca 9] 01/4/2023 07:34

Very positive news ...along with the Director buy.
Hopefully the tide is turning.

[riverman77] 31/3/2023 11:01

If they can maintain valuations across the wider portfolio then this is obviously incredible value - hard to tell how this reads across to the rest of the portfolio, but an encouraging first sign. Also worth noting that there has been a sharp rise in the NASDAQ since start of the year - if you take this as a very broad sign of sentiment in the tech space, then GROW clearly has some catching up to do.

[its the oxman] 31/3/2023 09:30

You would think so. Was expecting all valuations to fall so looks good under the circumstances.

[cordwainer] 31/3/2023 07:48

A reassuring though not glittering RNS. ought to encourage some share price recovery yes.

[johnrxx99] 31/3/2023 07:20

Let's hope this breaths some life into the share price

[mysteronz] 30/3/2023 19:04

Ledger raises c$100m at same valuation. Very impressive and great to see valuations (in this case) holding their ground :)

[mwj1959] 28/3/2023 17:19

So nearly doubled and then nearly halved in a few months...and no NAV update until late April (presuming the provide an unaudited NAV with their trading update prior to full results in mid June). Late Oct / Early Nov rally in the share price off the lows was helped by the NAV decline in the Interims being "relatively" modest, at least in relation to the size of the discount. Does the same story play out again in a month's time?