Molten Ventures Share Discussion Threads

[johnrxx99] 14/3/2023 07:08

repeat, whoops

[johnrxx99] 14/3/2023 07:04

Well, that did the trick.

[johnrxx99] 14/3/2023 03:53

Agree with what everyone has said. Without a statement the market will assume the worst. I suggest everyone emails the company, address above.

[rambutan2] 13/3/2023 14:35

Is typical of them. IR remains terrible.

I actually sold my remaining ones from the last collapse earlier last week as the fact they had debt was plainly very stupid for a VC platform and at best would mean they couldn't take advantage of opportunities that will arise this year.

[kooba] 13/3/2023 14:32

The company has featured in comment as having exposure..obviously there is the loan facility but do they also have cash deposited with SVB ? Although any impact with the resolutions in the US and UK is now unlikely the shares have fallen sharply ..far greater than the market generally. A clarity statement might be in order even if it is just to confirm they see no impact on the company from the developments at SVB. To remain silent against such a market move and the speculation of their exposure when there is clear knowledge that the company does have dealings with SVB does appear rather unusual..you would have thought they would want to reassure their shareholders on their finances in the circumstances.

[spectoacc] 13/3/2023 14:18

Yes fair enough - 330p this morning, under £3 now, find it very hard to believe they've nothing to say, & have had all weekend.

[riverman77] 13/3/2023 14:14

Well they should have put something out first thing this morning. I think they should still put out a statement now as market clearly still concerned judging by share price - situation not necessarily fully resolved and could still be some hidden or indirect exposures - RCP put out a statement at 12.50.

[spectoacc] 13/3/2023 14:09

Is there an update needed, if US depositers are made whole, and UK SVB has been taken over by HSBC?

Most of the others updated before the HSBC news and - gasp! - "we're all fine, nothing to see here".

Edit - ex maybe Trustpilot :)

[riverman77] 13/3/2023 14:01

Disgusting they have not put any sort of udpate out, even if it is just to reassure investors. Most of the other venture funds have (AUGM, MERC, even RCP). Just glad I don't hold any of these.

[steeplejack] 13/3/2023 10:08

https://ukinvestormagazine.co.uk/uk-companies-that-have-relationships-with-silicon-valley-bank/

[johnrxx99] 13/3/2023 07:55

Just seen - HSBC acquired for a quid

[spectoacc] 13/3/2023 07:54

HSBC taken over SVB UK arm tho, so presumably all the many RNS's this morning were unnecessary.

[johnrxx99] 13/3/2023 07:53

No RNS or comment, imo not a good sign. We'll see at 8am.

[ayl30] 13/3/2023 07:23

So, panic over??

[kooba] 12/3/2023 12:40

Agreed..but it could leave Molten in the unenviable position of not having liquidity to support portfolio companies until they can raise other facilities. With many later stage private equity techs coming up for new financing later this year having gorged on the cash bonanza 18m ago ..the funding environment is going to be substantially different and will undoubtedly have an impact on next funding rounds. This is largely already factored in on VC fund values..but some of the down rounds could be eye watering. From feast to famine.

[donald pond] 12/3/2023 12:29

There are often rights of set off so if a company has a deposit and a loan with same bank it can be netted off. Obviously could cause short term cash flow issues until resolvef

[spectoacc] 12/3/2023 12:01

The portfolio investments point is the key one IMO - and applies to all the PE ITs, in particularly the tech-focussed like HGT. Do they even know where the portfolio co's have put their cash?

Feels fairly likely taxpayer cash will be used to bail out the risk-takers once again, but I live in hope that capitalism will be allowed to work this time.

[kooba] 12/3/2023 11:58

Does depend where Molten are actually holding any free cash balances..if it's with SVB then could be an issue. There seems to be concerted Govt action to give some clarity around SVB U.K. to mitigate impact on U.K. companies with deposits. Expect announcement on that pre markets opening. Also expect a 7am rns from Molten giving clear picture on any exposure. As to whether any Portfolio investments are embroiled that may take longer to ascertain I guess ?

[johnrxx99] 12/3/2023 03:26

The UK arm made insolvent by B of E.

[donald pond] 11/3/2023 22:04

It looks like GROW had drawn down £90m from SVB. I'd say that's more a problem for the administrators of SVB than for GROW.

[orinocor] 11/3/2023 16:34

The UK arm of SVB claimed it was separate from the parent but that's not stopped it being under existential threat with the Bank of England looking to wind it up next week. but there is still hope

hxxps://news.sky.com/story/bank-of-london-weighs-rescue-bid-for-uk-arm-of-silicon-valley-bank-12830933

[donald pond] 11/3/2023 09:31

On the bright side any VC/ PE with dry powder may be able to pick up generational bargains over the next 12 months. Cash is truly king

[kooba] 11/3/2023 08:59

Doesn't necessarily appear a big issue for the company as being under feds wing means there will be time to restructure debt facility The bigger issues will be for those that have money deposited that may now be tied up and inaccessible for a period...a number of private companies have deposits so there could be cash flow issues for them. Whether that impacts any portfolio companies might need more clarification from Molten.

[johnrxx99] 11/3/2023 02:30

I would expect an RNS on Monday stating their position in this disaster.