Molten Ventures Share Discussion Threads

[bamboo2] 13/10/2021 13:30

Took a q profit on mine for now. Hope to be back soon.

[cordwainer] 11/10/2021 15:28

I also added a few more at around 893p. But since becoming a FT250 constituent maybe GROW is now a bit less immune to the general outlook this winter for the UK economy and passive index investor sentiment. Also trying to keep a bit of cash ready. Hard nav currently at approx 820p with historic annualised portfolio growth potentially lifting that to approx. 885p, but portfolio companies not entirely immune to general supply issues and a more fearful market could take the share price to a discount. Quite hopeful for a bounce back to £10+ but at this point I feel my target for 2021 of £12 is looking optimistic...

cordwainer - 21 Jan 2021 - 09:52:50 - 288 of 472 Draper Esprit - VC Firm - GROW
Based on analyst estimates, my conservative target price here for 2021 is £12.
Among my largest portfolio holdings.

[lomax99] 11/10/2021 12:44

Added a few.

[w13ken] 11/10/2021 12:13

Draper holding...

Sky News understands that Ravelin, which counts companies including Deliveroo and Booking.com among its clients, is working with Evercore on a potential transaction.

Tech industry sources said a sale was among the options being explored by Ravelin.

Set up in 2014, Ravelin uses machine learning to help its users detect fraud when processing online payments.

[its the oxman] 11/10/2021 11:31

Sound the alarm bells , were going under 900p

[donald pond] 11/10/2021 08:56

Tech valuations being called into question but next NAV isn't far away and should be excellent

[donald pond] 08/10/2021 17:42

I bought in today. Looks a good entry point but I guess the wider market will determine the short term result

[rampmeister] 08/10/2021 11:53

I’ve also added just think we must around the bottom of this retrace.

RM

[its the oxman] 08/10/2021 08:48

Added a few. Who knows. But great long term story and come back a long way now.

[bamboo2] 07/10/2021 08:51

Bought a few as price has entered historical support zone near 910.
gla

[cordwainer] 05/10/2021 12:21

Christoph Hornung, Investment Director, Draper Esprit says, “Over 2.5 million tonnes of construction bulk-materials delivered since its founding shows that Schüttflix works. The startup has broken into a traditionally analogue market and is creating genuine added value for its customers with a truly digital solution.”

“The business has grown by over 400 per cent since January 2021; taking the platform international is, therefore, the next logical step, and we are pleased to be at Schüttflix’s side,” he added.

NB. A little more to this link than on GROW's website.

[cordwainer] 04/10/2021 11:31

Significantly reduced premium to NAV at this point and given the typically conservative portfolio valuations, it began to tempt me.
Starting from the official 743p as at 14 June 2021, I think uplifts to NAV/ps due to Sport Pursuit, Revolut and Cazoo amount to approx 75p and for everything else (whether recognised or not) an arbitrary 67p based on longer term annualised returns. That would bring it to approx. 885p making the current share price a notional 10% premium approx. Looking forward, I suspect it will not take too long to catch up with that 10%.
I have made a small top-up at 980.6p against the sharp recent downtrend.

[w13ken] 22/9/2021 14:36

Thought Machine scores JP Morgan as a client. Another positive surprise. Many of the companies in GROW's portfolio are getting big wins.

"JP Morgan has selected UK fintech Thought Machine to overhaul its core banking systems across the banking giant’s entire US retail network.

The partnership will see JP Morgan’s Chase retail bank moved onto Thought Machine’s Vault platform in the US.

AltFi understands Thought Machine is also doing some work for JP Morgan on the recent launch of Chase in the UK.

It’s another big client win for Thought Machine, which in the last few months has provided the core banking for Standard Chartered launching its digital bank Mox in Hong Kong, and Sweden’s SEB launching UNQUO—a banking service for SMEs and entrepreneurs.

“JPMorgan Chase represents one of the most ambitious, powerful financial institutions in the world—and our joint work signals to the finance industry that cloud native core banking technology is the future for financial services,” said Thought Machine CEO and founder Paul Taylor.

[w13ken] 22/9/2021 11:53

"...Berenberg said Draper Esprit, which it selected as a top pick for 2021, had "not disappointed" thus far, yielding a return of 65% year-to-date and outperforming the FTSE 250 by 53% and the US and European tech indices by around 45% and 37%, respectively.

The German bank also highlighted that since June, markets had pushed on as valuations continue to expand in the technology sector, noting that this, combined with some new investment updates, gives it confidence that the company will outperform prior estimates with more capital deployed and the company achieving higher uplifts to its portfolio fair value..."

www.sharecast.com/news/broker-recommendations/berenberg-raises-target-price-on-draper-esprit--8111822.html

[w13ken] 22/9/2021 09:53

BERENBERG RAISES DRAPER ESPRIT PRICE TARGET TO 1,200 (1,000) PENCE - 'BUY'

[mike the mechanic] 17/9/2021 16:56

It depends on why the share price is at a premium to the declared asset value.
Most ITs hold quoted stocks which change daily but when the investment isn't quoted you have to wait for the revaluation

[nimbo1] 17/9/2021 13:40

Im holding some here btw, you really need exposure to these sorts of things for a chance of outperforming even though it can be uncomfortable at times

[w13ken] 17/9/2021 12:31

It could double or triple more quickly elsewhere but at what risk? If you know of others where the risk is lower then let me know :-)

I'm in since Jan 2020 and have topped up on numerous occasions so very happy with progress, management and the future outlook. My #1 portfolio holding.

[igbertsponk] 17/9/2021 12:24

This has traded at a premium for years, and always catches up each time they announce new investment values.

[nimbo1] 17/9/2021 12:23

in my experience buying anything at a premium to NAV is asking for trouble in the medium term - premiums hardly ever hold as the market suddenly screws you over to reverse how special something looks in the here and now. I think long term this is a great place to have money investing in innovation etc. Short term price probably needs to tread water for a bit, doesn't necessarily mean its a sell though and it might just go straight back up.

[p1nkfish] 17/9/2021 07:56

If you were in at the lows this has offered a 2.5x upside approx.
The question now becomes one of what next?
Could that money now double or triple quicker elsewhere?

[brexitplus] 17/9/2021 07:15

Draper Esprit plc

("Draper Esprit", "the Group" or the "Company")

Investment update

Draper Esprit (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, today provides an update on recent developments in its portfolio.

Key highlights are as follows:
· Continued capital deployment in the increasing number of growth opportunities in the European venture capital market, investing a total of £130 million during the year to date including 8 new, and 6 follow-on, investments.
· Additional investments of £25m and £15m in existing portfolio companies Form3 and CoachHub, respectively.
· Existing portfolio company Cazoo lists on the New York Stock Exchange, receiving proceeds of over $1bn before expenses.

FORM3
Draper Esprit participated with a further £25m in a $160m Series C round in platform payment technology provider Form3. The round was led by new investor Goldman Sachs and also included existing investors Lloyds Banking Group, Nationwide Building Society, Barclays, Mastercard and 83North. Founded In 2016, Form3 is the leading platform payment technology provider and offers an alternative to the traditional payment infrastructure model, providing an always-on, cloud-native, Payments-as-a-Service platform. Form3 is trusted by some of the UK and Europe's biggest Tier 1 banks and fastest-growing Fintechs to handle their critical payments architecture.

Based on the valuation implied by the fundraising, the Company's gross fair value holding (before carry deductions) is approximately £58 million. Excluding the £25 million of newly invested capital, this is an uplift of approximately £23 million to the March 2021 gross fair value of £10 million.

COACHHUB
In September, Draper Esprit participated with a further £15 million investment in an $80 million Series B extension round in CoachHub, supported by existing investors RTP Global, HV Capital, Signals Venture Capital, Partech and Speedinvest. CoachHub is the leading global talent development platform and enables organisations to create a personalised, measurable and scalable coaching program for the entire workforce, regardless of department and seniority level. CoachHub uses artificial intelligence to match individuals with more than 2,500 certified business and well-being coaches in 70 countries across six continents, with coaching sessions available in more than 60 languages.

CAZOO
In August, Draper Esprit portfolio company Cazoo announced its business combination with AJAX I and its listing on the New York Stock Exchange. Cazoo (NYSE: CZOO) received $1bn in proceeds before expenses from the transaction, which will be used to further build out its brand and infrastructure. Cazoo is an online car retailer which, since being founded in 2018, has delivered over 35,000 cars to customers across the UK and mainland Europe. Following its recent acquisitions, Cazoo is also now Europe's leading car subscription player with thousands of subscribers across the UK, Germany and France.

Based on the share price of $9/share the Company's gross fair value holding (before carry deductions) is approximately £37 million, which is an uplift of approximately £11 million to the March 2021 gross fair value of £26 million.

Martin Davis, Chief Executive Officer of Draper Esprit, commented:

"Our recent activity has demonstrated the strength of our portfolio and our investment team, and we have been able to participate in follow-on rounds in some of the more established businesses in our portfolio, such as CoachHub and Form3. Cazoo's IPO is further evidence of this, as in only three years, it has established itself as one of the most significant players in the European used car market. As we recover from the pandemic, the technology sector continues to go from strength to strength and we are well positioned to continue to support the most promising companies."

[1318myl] 15/9/2021 15:51

Downtrend all the way to 950 if supported