Ip Share Discussion Threads

[bamboo2] 15/7/2022 08:48

Hinge Health on track to sign up more customers in 2022 than prior 7 years combined.



SAN FRANCISCO, July 14, 2022 – Today, Hinge Health announced it is on track to sign up more customers for their Digital Musculoskeletal Clinic in 2022 than in the past 7 years combined. Amidst economic uncertainty and inflation, business leaders are turning to Hinge Health to tackle employee healthcare costs with greater urgency. The demand is further propelled by worker shortages as companies compete to attract and retain top talent. Major new customers include industry leaders across e-commerce, home improvement, technology, and automotive sectors, as well as many retirement and state health systems. Hinge Health continues to be the choice of 4 in 5 employers and nearly 9 in 10 health plans.

“Business leaders are realizing significant healthcare savings and a more productive workforce enabled by digital MSK,” said Jim Pursley, president, Hinge Health. “We’re humbled by the growing demand for our solution as leading organizations across America partner with us to improve employee health and reduce cost.”

Hinge Health exercise with tablet and sensors

MSK pain has a widespread impact across job types and nearly every industry – with prolonged standing at work, sedentary working, repetitive tasks, and manual labor as significant risk factors. MSK remains one of the top three cost drivers in the U.S. health system – consuming 1 in 6 healthcare dollars for large employers and $600 billion for the U.S. economy overall.

Superior clinical outcomes and industry-leading ROI are fueling the demand for Hinge Health across industries. The industry’s largest medical claims analysis to date, across 136 employer groups, found a $2,387 cost savings per participant enrolled in the company’s Digital MSK Clinic. Hinge Health is also the only digital MSK solution to drive clinical and financial benefits for older adults, achieving a 2.7x ROI for Medicare. The company’s comprehensive and personalized care approach is helping avoid 2 out of 3 MSK surgeries for members, leading to significant claim reduction for employers.

[bamboo2] 14/7/2022 19:40

When IPGroup sold out of AVCT, they did it in a robot-like fashion, not waiting for demand from buyers to pick up the slack, and crashing the price.

I wonder if they are doing the same at the moment with a portion of the ONT holding. I'm guessing a sell order has gone in, so that they'll have some cash to flash next month.

[bamboo2] 13/7/2022 10:58

FOR RELEASE ON 13 July 2022

IP Group plc - Notice of results and Investor Presentation

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), which develops world-changing science and technology businesses across life sciences, technology and cleantech , announces that it intends to publish its results for the six months ended 30 June 2022 on Wednesday 03 August 2022.

The results will be available via the London Stock Exchange's Regulatory News Service (RNS) and on the Investor Relations section of the company's website at www.ipgroupplc.com.


Key members of IP Group plc's leadership team will provide a live presentation via the Investor Meet Company platform on 03 August 2022 at 10:00am BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free via:

.

Investors who already follow IP Group on the Investor Meet Company platform will automatically be invited.

[p1nkfish] 05/7/2022 13:41

Said it before, say it again, not at all sure we have the right leadership.

[palisz] 05/7/2022 12:40

Yeah... my other comment to ipo was that Venture funds paid too much last year for ESG assets, and are looking to unload before they smash there NAV's.. I suggested IPO should be cautious and not pay up!

[bamboo2] 05/7/2022 12:07

Management claim top ESG credentials and high ideals.

The foundation and very heart of ESG investing is centered around the idea of Duty of Care, and other principals such as 'utmost good faith'.

Management need to include themselves and their actions within these ideals. Lets see the board introduce some real standards.

[palisz] 05/7/2022 12:04

I emailed the ceo last week, but heard nothing. I forward to IR for a comment..

[bamboo2] 05/7/2022 12:00

palisz, email IR.
They will reply, normally same day.

I would be interested to know what they say.

In a way, given the recent price action, it is good they haven't started yet.

From an investors pov, we really need to see management bonuses aligned to the share price, as NAV is now so disconnected.

It is simply not right for them to be walking off into the sunset with bags full of free shares, while we count our losses.

We would need to see Institutional investors start creating a fuss to see any change.

[palisz] 05/7/2022 10:41

99.3% of votes at the AGM voted in favour of giving the management the authority to buy back up to 10% of outstanding shares at a discount to NAV.... So here's the question. WHY the fudge have they not started.??????? Waiting like last time until the stock rallies 50%???

[cordwainer] 27/6/2022 15:21

Surely we do NOT need management to be very committed to particular sub sectors ?

[p1nkfish] 22/6/2022 15:24

Wonder if Jeremy Grantham has thrown some money into it. Good talk at the Oxford meeting in April and he is very committed to clean tech early stage.

[bamboo2] 22/6/2022 15:14

London’s got a(nother) new climate tech VC firm in town, Kiko Ventures (previously known as Transition Ventures), which comes armed with a hearty $450 (£375) million. The fund is aimed at supporting climate tech startups across the board, ranging from Seed and/or Series A/B, right on through to an IPO. According to the firm, over the next five years, it will leverage IP Group’s flexible, evergreen capital platform to deploy £200 million.

Kiko Ventures’ is led by IP Group cleantech team veterans Robert Trezona and Jamie Vollbracht, whose track record includes investments in Ceres Power, First Light Fusion, and Oxbotica, alongside Arne Morteani, whose expansive career includes 14 years with EFT Partners.

According to the firm they have already invested in several companies, but declined to name them.

“I believe in the transformative power of climate technologies and have worked my whole career to elevate ideas from the lab into practical usable solutions that can make our world a better place,” commented Trezona. “We’ve launched Kiko to unleash the full power of human ingenuity by uniting ideas, expertise and capital to unlock a sustainable future. To do this, we’ve created an investment model of truly flexible capital that empowers change, rather than hindering it.”

[bamboo2] 22/6/2022 15:13

22 June 2022

IP Group plc launches 'Kiko Ventures' platform to deepen its support for transformative climate technology

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), which develops world-changing science and technology businesses across life sciences, technology and cleantech , announces the launch of 'Kiko Ventures' - a wholly-owned platform dedicated to supporting transformative climate technology.

As outlined in the Group's full year results statement in March, the Kiko Ventures platform is fully owned and funded by the Group and will build on IP Group's strong track record and existing cleantech portfolio, which is valued at more than GBP175m.

In line with previous guidance, the Group plans to invest approximately GBP200m over five years from its balance sheet capital into existing and new companies .

The Group's cleantech team, led by partners Robert Trezona, Jamie Vollbracht and Arne Morteani, will, under the Kiko Ventures brand, continue to support and build category-leading companies in the field.

IP Group has a strong track record of identifying differentiated and impactful dealflow and nurturing it to key inflection points. Highlights in cleantech include the turnaround of Ceres Power and the early identification of First Light Fusion which, in April, achieved fusion.

Greg Smith, Chief Executive Officer of IP Group, said: "I P Group has a successful history of identifying and commercialising impactful technologies which address the major challenges facing the world. Our highly experienced team have dedicated their careers to climate tech and we believe that, consistent with our strategy of deeper thematic focus, a dedicated platform in the cleantech space will help accelerate our efforts in this area and deliver returns for shareholders alongside impact for society."

The full release follows below.

For more information, please contact:


IP Group plc www.ipgroupplc.com
[phone]
[phone]/+44 (0)
Liz Vaughan-Adams, Communications 7967 312125
Charlotte Street Partners
David Gaffney [phone]
Andrew Wilson [phone]

Notes for editors

About IP Group

IP Group develops world-changing science and technology businesses across life sciences, technology and cleantech. The Group has a strong track record of success, having been the founder investor in a number of high-profile companies including Oxford Nanopore Technologies plc, and has one of the most exciting portfolios of high-growth businesses in Europe. The Group also owns Parkwalk, the UK's largest growth EIS fund manager which backs world-changing technologies emerging from the UK's leading universities and research institutions. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO.

For more information, please visit our website at www.ipgroupplc.com .

S
World's first evergreen cleantech venture investor Kiko Ventures is launched; a $450m platform to support transformative climate tech

-- Global investment in cleantech reached an all-time high of $40bn in 2021 and events during 2022 have further increased momentum for sustainable technologies

-- However, there are structural constraints on the existing funding landscape. The ecosystem lacks the flexibility required to optimally address the climate challenge.

-- Kiko Ventures' team has spent decades investing in climate tech and backed world-leading businesses including Ceres Power, First Light Fusion and Oxbotica.

-- Kiko's innovative evergreen structure provides exceptional flexibility and strong, long-term alignment with climate tech entrepreneurs.

22 June, London: Kiko Ventures - the world's first evergreen cleantech venture investor - is launched, a $450m (GBP375m) platform to invest in the next generation of climate tech visionaries and create new possibilities for a regenerative future.

Launched by the FTSE 250-listed investment firm IP Group, Kiko Ventures is an innovative new investment platform designed to support and grow the category-leading climate tech champions of the future. The team plans to deploy GBP200 million over the next five years using IP Group's flexible capital platform. Kiko will launch with existing assets, valued at over GBP175m, as well as a number of new investments already made under the Kiko strategy that are yet to be announced. Kiko benefits from IP Group's evergreen structure: through which returns from exits can be recycled into new opportunities, allowing for a true evergreen portfolio without crossover between fund vehicles and with a very long time-horizon.

With an increasingly urgent solution required to avert the most damaging aspects of climate change, we are seeing a resurgence of climate tech investment across the world. Figures from Climate Tech VC suggest global investment reached an all-time high of $40bn last year. Recent events in Europe have also focused attention on the need for energy sources that are more sustainable. However, most investors in cleantech operate traditional fund structures or need to adhere to the commercial agendas of corporate venture capital (CVC), imposing constraints on the existing financing landscape.

The Kiko Ventures' founding team combines the established IP Group cleantech team, led by veterans Robert Trezona and Jamie Vollbracht, with new Partner Arne Morteani, who previously spent 14 years helping to build one of Europe's leading cleantech VC funds. The whole team has dedicated their careers to climate tech and the three Partners have navigated two economic cycles as investors in the space. This team has now designed Kiko Ventures, which leverages IP Group's evergreen platform to take a more flexible approach, without the short time horizons, fixed capital constraints, and narrow mandates that are common in the industry. Kiko is therefore exceptionally aligned with entrepreneurs wanting to build category-leading companies for the long term. The team aims to enrich the existing ecosystem and become a reliable partner, to both entrepreneurs and fellow investors, in building a regenerative future.

Flexible cleantech champions

As an evergreen platform without a fixed 10-year investment mandate, Kiko Ventures can be a highly flexible investor, able to do what's required. It can be entrepreneurial through venture creation of new companies, invest at Seed and Series A/B stage or choose to capitalise on opportunities in the public capital markets. The team has extensive global experience in operating across all these stages. As one of the largest climate-tech investors in Europe, Kiko Ventures will primarily invest directly, and on occasion indirectly through selected funds. It will combine this structural flexibility with a focus on thematic areas where it can build deep expertise and value.

The team has historically made ambitious investments in high-conviction areas. Examples include fuel cell firm Ceres Power, which the team helped to take to unicorn exit; First Light Fusion, which recently achieved a world's first fusion result; and Oxbotica, a pioneer in autonomous mobility software supplying some of the world's largest companies like BP and ZF.

Over two decades, the team has taken hands-on operational and investment roles steering innovative businesses through tough economic climates, including the first cleantech boom and bust and the Covid-19 pandemic. In addition, most of the team started out with successful research careers in climate tech and so combine commercial experience with an understanding of the deep technologies behind many of the most transformative innovations. Through IP Group, Kiko Ventures has a global footprint and a network of high-level contacts from labs to board rooms. The team is in frequent communication with some of the world's leading scientists and entrepreneurs, as well as a wide range of industry and capital markets leaders. It has the network, the experience, and the evergreen capital to act at scale and make a difference.

Robert Trezona, Founding Partner of Kiko Ventures said: "I believe in the transformative power of climate technologies and have worked my whole career to elevate ideas from the lab into practical usable solutions that can make our world a better place. We've launched Kiko to unleash the full power of human ingenuity by uniting ideas, expertise and capital to unlock a sustainable future. To do this, we've created an investment model of truly flexible capital that empowers change, rather than hindering it."

Jamie Vollbracht, Founding Partner of Kiko Ventures said: "My realisation about the urgency of the climate crisis came shortly after leaving University and I decided to devote my career to doing what I could to help. I found I was most useful in commercialising innovative clean technologies and have sought to develop better ways to help those technologies flourish ever since. Kiko brings together all the insight I've been fortunate to glean over the past two decades and I hope it will make an outsized positive impact on the journey to a sustainable future."

Arne Morteani, Founding Partner of Kiko Ventures said: "The climate crisis is the greatest challenge of our generation and from that challenge come new and life-changing possibilities for a regenerative world. I have been a part of the cleantech ecosystem for 20 years, most recently as a partner at a traditional VC. With Kiko we are now adding a new approach providing flexible, regenerative capital to address some of the most difficult challenges. We strive to be an investor that is fit for purpose as well as profit."

About Kiko Ventures

Kiko Ventures is the world's first evergreen cleantech venture investor. Launched by the FTSE 250 listed investment firm IP Group, and using its flexible capital structure, Kiko Ventures' purpose is to create new possibilities for a regenerative future. Kiko Ventures is a highly flexible investment platform that can be a long-term partner to climate tech innovators and often tackles the most difficult and rewarding opportunities.

For more information see www.kiko.vc

[p1nkfish] 22/6/2022 11:39

Market doesn't get it or just doesn't believe it as the 84% uplift in 1 yr woould surely show through soon. Even if the discount doesn't narrow much its still a good uplift in relatively short order. I suspect the market doesn't believe it and is looking at the atrocious track record and wants proof.

[palisz] 16/6/2022 12:42

hxxps://www.edisongroup.com/publication/impact-innovation-at-a-compelling-discount/31018/

[palisz] 16/6/2022 11:31

Sir Douglas Flint, Chairman, and Greg Smith, Chief Executive Officer, purchased a total of 30,000 and 7,000 Shares of 2p each respectively as outlined in the below table.

[p1nkfish] 15/6/2022 15:41

Call today a new start.
Quick look shows it's down 46% over 5 YEARS.
It's only up 13% since float in 2003, 18+ YEARS. This includes the Ox Nano success+.

Supposedly gains are in capital, not income.
Results speak for themselves.
If they can't turn this then management does need swapping out & I can't see how anyone can argue. Alternatively take it private or wind it up. It has been a very poor show indeed over 18 years and held close to zero gains.

[p1nkfish] 15/6/2022 12:44

Let's see results from today onwards.

[palisz] 15/6/2022 11:44

Step 1 ... AGM vote for Authority.. Done
The Company is seeking a limited authority to make purchases in the market of its own shares as permitted by
the Act. The authority limits the number of shares which the Company may purchase pursuant to this authority
to a maximum of 103,409,481 ordinary shares (being approximately 10% of the Company’s issued ordinary share
capital (excluding treasury shares)) as at the Latest Practicable Date and sets maximum and minimum prices (This being a discount to current NAV)
The NAV current was stated as 139p
Step 2. Begin buyback
The CEO did say at the meeting that the company would allocate a percentage of every realisation to dividends and share buy backs. So yes, should begin soon, if not today!

[bamboo2] 15/6/2022 11:23

There were quite a few technical glitches for those watching the Investormeet stream. I commented that the co should get a discount on the cost!

So do we have a buyback, or is that going to be announced separately?

[ghhghh] 15/6/2022 10:12

Yes and 20% return pa target for next 5 years would be good if achieved!

[palisz] 15/6/2022 10:09

Hopefully everyone watched the Presentation and AGM, or will watch the replay before commenting further. Unfortunately there were no real critics in the Q&A. Only vaguely critical question was why the Non Exec's had very few shares. Need to see the replay for the answer. But was addressed. I do expect a few purchases to come along.
The CEO received 99.9% approval in the voting... more than any other Director.
Repeated they were very focused on share price and generating returns for shareholders. They do have a good collection of investments each with £1bn+ potential valuations in the near future. Company is in very strong financial position to make new investments and support the best investments. I found the presentation reassuring and acted accordingly. Not advice.