Molten Ventures Share Discussion Threads

[mwj1959] 28/3/2023 17:19

So nearly doubled and then nearly halved in a few months...and no NAV update until late April (presuming the provide an unaudited NAV with their trading update prior to full results in mid June). Late Oct / Early Nov rally in the share price off the lows was helped by the NAV decline in the Interims being "relatively" modest, at least in relation to the size of the discount. Does the same story play out again in a month's time?

[spectoacc] 17/3/2023 16:09

Hmm I think we're seeing the start of bigger problems, problems I thought would manifest far sooner than this (interest rates from 0.1% to 4% in double quick time).

But takes two to make a market - and good luck.

[cordwainer] 17/3/2023 16:01

Agreed maybe we see the start of normalisation. I don't entirely trust these official forecasts of a smooth decline for example...



"Inflation Rate in Euro Area is expected to be 8.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Inflation Rate is projected to trend around 2.30 percent in 2024 and 2.10 percent in 2025, according to our econometric models."

Just a wild guess, the ECB will react / reverse interest rates too slowly and inflation will bounce off a low point in about 12 months.

Basically I see light at the end of the tunnel for IPOs and exits and therefore valuations and discounts. This type of investment is ok for long term holders and could turn out to be bargains right now. Grim is good for buyers. Look into the funding situations and portfolio prospects tho.

This one seems more than ok without news. Maybe even the SVB / Credit Suisse furores turns out to be a buying opportunity ?

[spectoacc] 17/3/2023 14:48

Inflation will fall, but very likely pick up again, particularly if the current banking crisis spreads & causes rates to peak sooner than they would otherwise.

Good luck GROW holders - not in again yet, and may well miss it, but a plethora of ops are finally opening up after a very long (& much longer than expected) wait.

[cordwainer] 16/3/2023 23:18

Picked up a few more earlier today at around 302p. Looking forward to falling inflation rates.

[cordwainer] 15/3/2023 14:18

A good UK budget day for private equity medtech and tech businesses but what will the market be focused on ? Whatever slippery negative straw it can grasp no doubt.

[johnrxx99] 15/3/2023 07:33

Topped up yesterday and looks like directors retaining share options

[kooba] 14/3/2023 12:02

The key to these businesses now is to find some exits ..they have invested huge money over the years but the models depend very much on recycling cash ( especially when the market offers no opportunity to raise more equity near nav) to support other investments and make new ones. Unfortunately the market appetite for IPO's has fallen off a cliff for now but there is still the corporate exit route..if they can demonstrate they can still recycle and that the portfolio values hold up through the next rounds there is significant upside..but i think the market will need more convincing on the model than a couple of years ago !

[its the oxman] 14/3/2023 11:39

Should rocket if we get a few up days for the wider market.

[ayl30] 14/3/2023 09:06

Topped up today

[ayl30] 14/3/2023 08:33

Clear, concise, reassuring

[kooba] 14/3/2023 08:00

The historic NAV per share to end March 2022 reported in Nov was 837p with no post period markdowns. So although the environment in technology funding is far more challenging the 64% discount to historic NAV is most likely overly negative.Some recaps in the recent presentation. Feb 2023.https://investors.moltenventures.com/storage/uploads/Events/Investor-Day-2023/Molten%20Ventures%20Investor%20Day%202023%20-%20Martin%20Davis%20Presentation_hykci.pdf

[seball] 14/3/2023 07:34

Good update. I will be in for a few more today. Good luck

[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