Ip Share Discussion Threads

[bamboo2] 12/10/2023 10:33

Hard to see a cost/benefit justification for this...


FOR RELEASE ON 12 October 2023

IP Group - Webinar on ESG & Impact

IP Group plc (LSE: IPO) ("IP Group" or "the Group" or "the Company"), which invests in breakthrough science and innovation companies with the potential to create a better future for all, announces that it will hold a webinar on ESG and impact entitled "ESG Forward - our approach to impact" on Thursday November 16 2023 .

Our Head of ESG, Bran Pathman ban, will be joined by our CEO Greg Smith and CFOO David Baynes to discuss the Group's approach to ESG and impact, as well as the broader challenges of providing a meaningful narrative around impact.

We're delighted to be joined by special guest Alex Edmans, Pro fessor of Finance at London Business School. Alex has a PhD from MIT as a Fulbright Scholar and was previously a tenured professor at Wharton and an investment banker at Morgan Stanley. He serves as non-executive director of the Investor Forum, on the World Economic Forum's Global Future Council on Responsible Investing, and on Royal London Asset Management's Responsible Investment Advisory Committee.

Further details of the event, which will start at 9am, and how to register can be found on t he events section of our website : hxxps://www.ipgroupplc.com/news-and-events/events .

The update will be hosted live via the Investor Meet Company platform. Questions can be submitted in advance of the event via the Investor Meet Company Platform up to 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: hxxps://www.investormeetcompany.com/ip-group-plc/register-investor . Investors who already follow IP Group plc on the Investor Meet Company platform will automatically be invited.

No material new information will be released by the Company during the presentation.

[brucie5] 05/10/2023 13:51

Once again absurd discount to value of cash pile and assets. Happy to add at these historic lows.

[p1nkfish] 04/10/2023 09:41

Interesting times. Was surprised IPO didn't move down sooner, we might get a decent upside when ONT turns. A little like a balloon pushed under water then released. TBD.

[brucie5] 03/10/2023 11:54

Back to lows. Where ONT leads..?

[brucie5] 29/9/2023 12:58

Fair enough - just taken some and may trade the upswing in lieu of a dividend. I expect this to back to at least 60p short term?

[p1nkfish] 28/9/2023 15:27

Belated ONT impact? IPO has held up OK given the ONT price action and the % IPO hold.
Bowl is still intact on the weekly from Aug 2021 approx left-hand peak.
Volumes also low compared to the 3M average.
Don't consider it negation of the idea, just volatility around the bigger picture.

[brucie5] 28/9/2023 13:20

p1nkfish30 Aug '23 - 16:45 - 2811 of 2811
0 1 0
Appears an interesting point on the weekly.

Is this a turn starting from the bottom of the bowl?
-----------------------------------------------
Apparently not.
;)

[p1nkfish] 30/8/2023 16:45

Appears an interesting point on the weekly.

This is the first positive cross of the 10 wk EMA over the 20 wk EMA since the start of the last positive run up around14th June 2020 and peaking price around 5th September 2021.

Is this a turn starting from the bottom of the bowl?

[bamboo2] 22/8/2023 20:22

IP Group CEO Greg Smith discusses the group’s performance and its portfolio over the course of H1, a period in which portfolio valuations remained broadly stable, with most of the company’s 14 fundings struck at flat or higher valuations than previously and a good number now approaching catalysts for delivering value. He explains how the company’s strong financial position, with £250m in gross cash, is a strategic asset at this stage of the cycle and how he expects that cash to be deployed. He also discusses the government’s ambition for the UK to become a science superpower, IP Group’s role within this initiative and what he believes needs to happen to make this vision become a reality. He finishes by discussing the company’s position in AI, which includes companies like Featurespace (scam prevention software), but also those addressing the changing demands on computing driven by the growth of AI. The company is holding a webinar to discuss technology trends in AI on 19 September.

IP Group helps to create, build and support IP-based companies internationally. It focuses on companies that meaningfully contribute to regenerative (renewable), healthier (life sciences) and tech-enriched (deep tech) futures. The group has investment platforms in Australia, New Zealand, the United States, China and the UK.

[p1nkfish] 12/8/2023 09:58

Oxa can benefit from the trailblazing loss making endeavours of others. It won't hurt as lessons are learnt. Valuation of Oxa will be helped as others will later scramble to join the party and need level- 4 systems. If Oxa can handle the first responders issue it might have something special.

[Add www etc as it wont let me post the full link]

wolfstreet.com/2023/08/11/full-commercialization-of-robotaxis-has-arrived-in-san-francisco/

[bamboo2] 05/8/2023 13:03

ed, I don't follow Brookfield/Sequoia, however I do follow Acacia Research, mentioned here before, who reported Q2 a few days ago. They will be considering their options. They recently parted company with Woodford.

"Cash, cash equivalents and equity investments measured at fair value totalled $408 million at June 30, 2023 compared to $349.4 million at December 31, 2022. The increase in cash was primarily due to the completed Rights Offering and concurrent Private Rights Offering."

[edwardt] 04/8/2023 14:24

anyone got the direct dial of Brookfield and Sequoia capital who are raising a fund to buyout venture capital at attractive levels. they can take IP Group off our hands for £1.40 if they wish!

[palisz] 04/8/2023 09:33

Report was meehh! Nothing new, Small drop in NAV as expected, but remember, the NAVs on the unlisted companies are based off latest funding round. As more of the 93 companies return for cash so the NAV will likely fall. In the last year there have been hardly any! The high cash / liquidity representing over 50% of market cap for over a year now means any growth in the portfolio will have reduced impact.
Despite some realisations the CEO is sticking to a dividend as a return to shareholders, rather than instigating a share buyback. Missed opportunity? (Again ! )
Or does it reflect his concerns over the real NAV when the whole portfolio has a realistic valuation. I have a reduced holding and NOT alot of confidence. Need one of the top companies to go for a listing on an excessive valuation to really move the needle.
Or succeed with Fusion!! DYOR
PS. As for the comment about doing more promotion, investor contacts, I've never seen so little. Regurgitating the same companies into doing presentations whilst the other 80+ get totally ignored.

[p1nkfish] 03/8/2023 18:24

Also happens to line up with a target price of mid 290's predicted a while back.

[ptolemy] 03/8/2023 15:17

Don't know much about ONT but it's showing a textbook cup and handle pattern on the daily chart.

[brucie5] 03/8/2023 12:51

Copied from poster "Agricore" on LSE:
----------------------------------------------------------------------

H1 Results2 Aug 2023 08:00
Alot of great content to absorb but the summary position is:

1. On a constant currency basis, and considering ONT which post period has largely recovered its price point then H1 has stabilised the NAV. The "loss" of 10p/NAV share is more like 2p once you factor this in.

2. The discount to NAV remains substantial and based on what risk on unrealised loss exactly?

3. In fact a very interesting chart is the Portfolio funding position where 57% of the value of the market cap (33% of the portfolio) is already trading profitably

4. Another interesting fact is if you take the market cap (£622m) and deduct a/ cash b/ listed holdings c/ those who've had a fundraising event within 12 months then that's 82.3% of the portfolio. So of the remainder (that's £690.6m worth of investments) 86.3% could be WORTHLESS and the NAV would STILL cover today's market cap.

In other words IPO is cheap.

But is it a buy just because it's cheap?

Greg Smith explains why there's more to it than cheap: "The opportunity for value creation in our portfolio remains compelling. Double-digit revenue growth in our largest deeptech and healthcare companies is evidence of continued strong demand for their products and services. Our therapeutics portfolio includes twelve companies with products in clinical trials, seven of which are targeting key inflection points in the next 18 months. Breakthrough cleantech businesses, such as Hysata, have delivered technical milestones and commercial demand. The Group is well-positioned to support these businesses and deliver strong, impactful returns for all stakeholders over time."

[cordwainer] 03/8/2023 11:55

In recent updates Molten Ventures and IP Group continue to disappoint, whilst Mercia Asset Management, Frontier IP, Chrysalis and Pantheon Intl are encouragingly robust.

[p1nkfish] 02/8/2023 12:33

It has and will probably get worse. Looking into the jaws of a really unpleasant downturn that has hardly stared yet.

If winter is colder than last year, and energy prices don't fall........

[cordwainer] 02/8/2023 12:10

.. more like liquidity is / has dried up (past and present tense rather than future tense). Macro outlook of falling inflation could start to turn the tide going into and through 2024.

[p1nkfish] 02/8/2023 07:58

All things considered the results are solid and as good or better than could be expected. They appear to be managing very well as liquidity dries up and valuations come under substantial pressure. Ox Nano hasn't helped much yet. Stable of opportunities is very promising.

Results better than I expected.

[p1nkfish] 26/7/2023 17:43

If Fusion is to work, let it be in the UK.

[p1nkfish] 26/7/2023 17:42

Fusion is always 20 years away. It will come but may be no cheaper than Fission and probably more expensive. Fission can be made safe and here now.

[brucie5] 26/7/2023 13:29

Still, a trend reversal is a trend reversal; and this appears to be one in process. 200 sma regained, fwiw.

[brucie5] 26/7/2023 13:25

Did anyone hear the R4 visit to Culham two days ago? I was hoping to hear from FLF, but perhaps I missed it.
Commercial nuclear fusion not for 20 years apparently.
!!!???

And then I see this:



First Light has plans for a new, larger base at Culham Centre for Fusion and Energy, with construction expected to begin in 2024.

But it is likely to take decades before fusion energy could create power on a global scale.