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Share Name Share Symbol Market Type Share ISIN Share Description
Draper Esprit Plc LSE:GROW London Ordinary Share GB00BY7QYJ50 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  16.00 1.62% 1,002.00 334,902 16:35:16
Bid Price Offer Price High Price Low Price Open Price
1,000.00 1,002.00 1,006.00 960.00 960.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 288.81 267.45 208.00 4.8 1,533
Last Trade Time Trade Type Trade Size Trade Price Currency
17:31:45 O 1,001 986.771 GBX

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DateSubject
01/8/2021
09:20
Draper Esprit Daily Update: Draper Esprit Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker GROW. The last closing price for Draper Esprit was 986p.
Draper Esprit Plc has a 4 week average price of 880p and a 12 week average price of 721p.
The 1 year high share price is 1,006p while the 1 year low share price is currently 514p.
There are currently 152,999,853 shares in issue and the average daily traded volume is 404,610 shares. The market capitalisation of Draper Esprit Plc is £1,533,058,527.06.
22/7/2021
14:35
w13ken: All on target for tomorrow's move to the main market. Shares nicely up already today in anticipation and there should be more to come with positive finance media coverage. Thu, 22nd Jul 2021 14:16 RNS Number : 1794G Draper Esprit PLC 22 July 2021 Draper Esprit plc: Announcement of admission to the Official Lists and cancellation of AIM and Euronext Growth listing Draper Esprit plc (dual listed, AIM: GROW, Euronext Growth: GRW) ("Draper" or the "Company"), a leading venture capital firm investing in and developing high growth digital technology businesses, is pleased to announce that its ordinary shares (the "Ordinary Shares") will be admitted tomorrow to the premium listing segment of the Official List of the Financial Conduct Authority and the secondary listing segment of the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin ("Euronext Dublin") (the "Official Lists") and to trading on the London Stock Exchange plc's (the "London Stock Exchange") main market for listed securities and the regulated market of Euronext Dublin (the "Main Markets") (together "Admission"). Dealings in the Ordinary Shares will commence on the Main Markets at 8.00 a.m. on 23 July 2021 and trading in the Ordinary Shares on the AIM market of the London Stock Exchange ("AIM") and the Euronext Growth market will be cancelled simultaneously therewith. Admission will be through an introduction of the existing Ordinary Shares. The Company is not offering any new Ordinary Shares nor any other securities in connection with the proposed Admission or the publication of the Prospectus. Following Admission, the Company's Ordinary Shares will continue to be registered with their existing ISIN number GB00BY7QYJ50. The Company's ticker symbol will continue to be GROW in the UK and GRW in Ireland. On Admission, there will be 152,999,853 Ordinary Shares in issue.
15/7/2021
14:44
w13ken: Incredible Revolut RNS :-) "Draper Esprit (LSE: GROW, Euronext Growth: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, notes the announcement today that Revolut, the financial superapp, has raised more than $800 million in a Series E round from new investors Softbank Vision Fund 2 and Tiger Global Management. As a result of the investment, Revolut is now valued at $33 billion (~£24 billion). Based on the valuation implied by the fundraising, the Company's gross fair value holding (before carry deductions) is approximately £119 million. This is an uplift of £99 million to the March 2021 gross fair value of £20 million. The Company first invested in Revolut in 2018 as part of its Series C round. Having launched in 2015, Revolut now has more than 16 million customers around the world using dozens of innovative products to make more than 150 million transactions a month."
14/7/2021
15:30
w13ken: The Trustpilot IPO announcement below suggests £78.3m banked so far, retention of remaining shares till at least September and 7.9% retained of £1.63billion (their current ever-growing market cap) = £128m. I make that £206m from their initial £29.7m investment! "The Company's total investment to date has been £29.7 million and as of our interim results to 30 September 2020 our holding was valued at £80.9 million. As part of the IPO, the Company will be selling down part of its holding, resulting in proceeds of £78.3 million. The Company will continue to hold 7.9% in shares amounting to £85.5 million (subject to any exercise of the overallotment option during the period to admission) based on the Trustpilot share price on 23 March 2021. The Company's continued holding will be subject to a customary 180-day lock-up period from the date of admission in line with other institutional investors in Trustpilot." hTTps://markets.ft.com/data/announce/detail?dockey=1323-14910105-5FO241VO4V7OSSBSUD2S12IF3J
22/6/2021
16:08
w13ken: Nice one BP but the link didn't work for me. Here's some info from the excellent Edison report. "Draper Esprit committed capital to a further 15 funds in FY21, bringing its overall commitments to 35 seed funds as at 31 March 2021. This network provides access to seed stage companies, as well as supporting specialist deal flow across Europe. New FY21 portfolio companies Cazoo and Hopin originated through this network. New fund commitments included regional funds such as Icebreaker II (Nordics) and Draper B1 (Spanish start-ups), as well as thematic investors, including Atelier (passion economy) and Quatonation (quantum computing). Draper Esprit also invested in the latest funds of existing fund managers including Seaya Ventures III, Icebreaker II, Stride II, Seedcamp V and Amaranthine fund II. The seed fund of funds programme now includes several impact or sustainable funds. Valuation: Potential for NAV uplift in FY21 As an investment company, Draper Esprit’s financial performance centres around its balance sheet, the growth in fair value of its investment portfolio (FY21: 51%), the resultant growth in net assets (FY21: 57%) and NAV per share (FY21: 34%), and the cash resources available (c £215m) to allow the group to continue to fund its portfolio companies to maturity and exit. After a very strong FY21 resulting in a five-year NAV/share CAGR FY16–21 of 18.7%, Draper Esprit has demonstrated why it warrants a premium as a rapidly scaling leader in the technology VC sector. Draper Esprit trades at 1.18x FY21 NAV, and having raised a fresh tranche of capital, is ready to continue to scale its business ahead of a listing on the Main Market and the potential launch of a co-investment growth fund in FY22. Catalysts for a re-rating include further scaling of the business, the listing on the Main Market, growth in third-party fee income and successful exits and IPOs." hTTps://www.edisongroup.com/publication/fy21-results-111m-placing-and-retail-offer/29640
14/6/2021
11:01
w13ken: It all looks pretty incredible to me. Cash realisations up 416%, NAV up 34% (and up from 728p to 743p since the Trading update), Net Assets up 56%, planned move to FTSE 250. We have bad news being delivered tonight but the Draper news deserves to get an excellent response and strong broker ratings in the coming days. Draper Esprit (LSE: GROW, Euronext Growth: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, today announces its final results for the year ended 31 March 2021. Financial highlights · Gross Portfolio Value of £984m (31 March 2020: £703m). · £206m of cash realisations (year to 31 March 2020: £40m). · 51% Gross Portfolio Value fair value growth (year to 31 March 2020: 10%). · £128m invested, and a further £34m from EIS/VCT funds (year to 31 March 2020: £90m and £38m from EIS/VCT funds). · NAV per share of 743p (31 March 2020: 555p). · Net assets of £1,033m (31 March 2020: £660m). · £161m available Plc cash, as well as £43m available from EIS/VCT funds. (31 March 2020: £34m, with c.£50m from EIS/VCT funds). · £107m net funds raised during the financial year. · £267m profit after tax (year to 31 March 2020: £40m).
21/4/2021
21:24
p1nkfish: Grow price action suggests nothing hidden and its all probably in the price already.
16/4/2021
12:01
w13ken: Over on Advfn, sageoflondon who is an accountant, puts the NAV at £7.50 to £8.15. I think that it is likely to be at the upper end of that range and there is good news on the Trustpilot sale (and the rise of the Trustpilot retained shares), so many other good growing companies in the GROW portfolio and a strong market appetite for IPOs. The Trading Update sharing all this positive news is due on 26th April and I expect the share price to be above 900p by the end of this month.
23/3/2021
10:33
brexitplus: Trustpilot Group plc announcement of pricing of IPO Draper Esprit (LSE: GROW, Euronext Growth: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, notes the news that Trustpilot Group plc "Trustpilot" has announced the pricing in relation to its £1.08 billion initial public offering. On 8 March 2021, Trustpilot confirmed its intention to float on the London Stock Exchange and on 23 March 2021 the company announced it had priced its initial public offering at a £1.08 billion market capitalisation at the offer price of 265 pence per share and the commencement of conditional trading in its shares on the London Stock Exchange. Draper Esprit first invested in Trustpilot in 2013 and has since more than tripled its holding through a combination of secondary acquisitions and participation in follow on rounds, to become one of the largest shareholders pre-IPO. This approach is in line with Draper Esprit's strategy of reinvesting in its best performing companies. The Company's total investment to date has been £29.7 million and as of our interim results to 30 September 2020 our holding was valued at £80.9 million. As part of the IPO, the Company will be selling down part of its holding, resulting in proceeds of £78.3 million. The Company will continue to hold 7.9% in shares amounting to £85.5 million (subject to any exercise of the overallotment option during the period to admission) based on the Trustpilot share price on 23 March 2021. The Company's continued holding will be subject to a customary 180-day lock-up period from the date of admission in line with other institutional investors in Trustpilot. Trustpilot is a leading global review platform which has tracked over 120 million reviews on over 529,000 domains. The platform has hosted reviews of businesses located in over 100 countries and territories worldwide, submitted by consumers in over 200 countries and territories worldwide. The business seeks to provide a 'trust layer' for the open commerce ecosystem by giving consumers confidence to purchase goods and services from a wide range of online and offline businesses across the world. Martin Davis, CEO Draper Esprit, said "Trustpilot has done fantastically well and we're proud to be part of this next stage in its journey. With trust at its core, the public market is a great home for the business and it's great for the UK to have such a tech success story listing in London. Trustpilot are also an example of a portfolio company that we have been able to really put our weight behind. When Draper Esprit listed in June 2016 our shareholding was around 3%, but through secondary acquisitions and follow on rounds we have been able to build on that investment to become one of its largest shareholders. Being able to continue to back our winners as they grow is a key driver in the success of our portfolio and a central part of our model".
12/2/2021
06:54
cordwainer: Https://citywire.co.uk/funds-insider/news/the-expert-view-astrazeneca-shell-and-draper-espirit/a1464312 SVM duo predict active year for Draper Esprit: SVM UK Growth duo Margaret Lawson and Colin McLean believe Draper Esprit (GROW) will see positive activity in its portfolio of unlisted companies this year. The Citywire A-rated managers of the £176m fund said the £1bn investment company, which backs early-stage growth companies with a focus on technology, has ‘greater exposure to Europe’ than some of its UK peers, helping to diversify risk. ‘Draper now sees a significant opportunity to invest in the growing European venture capital market, with an accelerated shift to digital, helped by Covid-19,’ said the managers in their latest fund factsheet. ‘We believe that 2021 will bring more activity in Draper’s portfolio; uplifts in funding rounds and initial public offering. More growth in growing innovative businesses is now happening in private markets and Draper Esprit offers an opportunity to participate in this.’ The trust trades at a premium to its historic net asset value but the SVM managers added that there is ‘potential for uplift and many portfolio companies are growing strongly’. Shares in the listed fund closed down 0.7%, or 6p, at 812p yesterday, but are up about 50% over the last year.
25/11/2020
13:28
stef25: dogw yes may be true but when the market recognizes it an gives our share price a boost is anybody's guess. going back (to an average of nav/share being 5.08 x revenue/share of the core holdings we had in 2019 year end report from current 4.14x revenue of core holdings) will help if they do it in whole or in part on this update. Depends a bit on the luck of the draw on recent purchases within the core portfolio they can use for valuations. IC was right to draw attention to the revenue per share calculation within NAV/share. It takes out the year by year volatility and lack of transparency of which bit of the core holdings gets which valuation methodology. Looking at revenue per share we did not do well between 2017 year end report and 2019 year end report yet our share price went up sharply and all brokers and IC recommended buy. However between 2019 and 2020 on revenue per share calculations there is unrealized value. I suppose the higher multiples of revenue/share of core holding to Nav/share of GROW we have had since launch is justified by the larger more mature companies attracting more last round funding to benchmark we now hold.
Draper Esprit share price data is direct from the London Stock Exchange
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