Molten Ventures Share Discussion Threads

[johnrxx99] 18/12/2023 09:22

I've got back in so probably down to 200p, LOL

[kooba] 15/12/2023 17:28

Rally backed by decent volume also encouraging.

[kooba] 15/12/2023 15:14

Looking positive , there is little overhead resistance from here to around 300p so you might be right.

[kooba] 14/12/2023 17:06

From your mouth to Santa's ears !

[its the oxman] 14/12/2023 11:52

Gonna break 300p for xmas hopefully.

[kooba] 14/12/2023 10:22

US tech rally is starting to draw attention to such bombed out sector participants..if the portfolio valuations hold up and general appetite for growth companies comes back strongly could be the start of bigger narrowing of the discount to nav.

[cordwainer] 08/12/2023 18:26

stop now, I'm fed up with form 8 / 8.3 / 8.5 whatever.

[riverman77] 01/12/2023 17:33

Yes should do ok in long term, although in this space I prefer those with plenty of cash - AUGM and MERC both look good right now.

[mwj1959] 01/12/2023 17:07

As they say "patience is a virtue..." Whether mental or not the LT risk / reward probably stacks in the patient's favour, which is how you have to approach all these large discount ITs, particularly those investing in illiquid assets.

[zangdook] 01/12/2023 16:08

the mental patient

[mwj1959] 01/12/2023 15:23

Little from today's presentation to make me think that the discount is going to materially shrink from here until the market backdrop shows clear and sustained signs of improving, so more realisations, NAV growing not shrinking etc. But to be honest, so long as the NAV doesn't plummet, we don't need it to move much to make a healthy return. An share price at £4, so still a 46% discount, would see the share price rise nearly 50%! One for the patient!

[zangdook] 29/11/2023 08:54

"Molten announces a conditional offer for subscription of up to 1,111,111 new Ordinary Shares via PrimaryBid"

Another angel number (if that's the term?).

[mike the mechanic] 29/11/2023 08:41

It's exactly £2.4M, was there a cap?
Very unlikely otherwise

At least Molten got the issue away when the price had spiked up

[zangdook] 29/11/2023 08:24

That's a very peculiar number. Maybe only one, rich, Chinese person subscribed.

[steeplejack] 29/11/2023 07:48

The Company is pleased to announce that the PrimaryBid Offer successfully completed and closed at 3.00 p.m. yesterday. A total of 888,888 New Ordinary Shares have been subscribed for at a price of 270 pence per New Ordinary Share (the " Issue Price") pursuant to the PrimaryBid Offer. Following the successful closing of the PrimaryBid Offer, the Company has raised gross proceeds of GBP57.4 million via the Fundraise.

[makinbuks] 28/11/2023 12:10

primarybid was what i was referring to

[zangdook] 28/11/2023 12:00

"A total of 20,370,370 New Ordinary Shares have been subscribed for at a price of 270 pence"

That's £55m already, and they said they wanted to "conduct an equity raise of c.GBP50 million". So that's ok, just leaves the primarybid results to be seen. I'm not sure I've ever seen a primarybid offer where it wasn't possible to pick them up cheaper in the market...

[makinbuks] 28/11/2023 11:43

Trading 6% below the offer price, doesn't bode well for take up

[spectoacc] 27/11/2023 16:21

Lol


Martin Davis

Chief Executive Officer

10,000


Ben Wilkinson

Chief Financial Officer

10,000

[steeplejack] 27/11/2023 08:13

"Certain Directors of the Company, Martin Davis, Chief Executive Officer, and Ben Wilkinson, Chief Financial Officer, intend to participate in the Placing. Incoming Chairman, Laurence Hollingworth, also intends to participate in the Placing."Nic Brisbourne CEO of Forward is returning to his old company then.Together we stand.Feels like this was all arranged by old mates over a pint.Forward portfolio currently trading on 50% discount to assets.The deal makes sense.

[steeplejack] 27/11/2023 07:55

Placing 70% done and dusted then."Molten has today also announced its intention, subject to obtaining Molten Shareholder approval, to conduct the Fundraise at a price of 270 pence per Molten Share. Forward Partners' largest shareholder, BlackRock, has irrevocably undertaken to subscribe for up to GBP25.0 million worth of Placing Shares at the Issue Price under the Placing. British Patient Capital, a subsidiary of British Business Bank plc and existing shareholder in Molten, has also agreed to subscribe for GBP10.0 million worth of Subscription Shares at the Issue Price. The net proceeds of the Fundraise will further capitalise ...."

[kooba] 27/11/2023 07:54

Its not massively dilutive its relative small in terms of raising for cash. The shares at 63% discount being issued for acquisition are buying a company at a 53% discount that has cash balances.On balance mildly dilutive but brings cash into the business which puts it on a better footing and we have BlackRock as a supportive shareholder.Seems a good deal ..a reason they trade at a 63% discount is down to the thin finances , this should help extend funding projections and hopefully reduce some caution in the rating.See how it's received but i would think positively even after Fridays jump.

[spectoacc] 27/11/2023 07:34

Gutsy. In conjunction with a merger with FWD.

[riverman77] 27/11/2023 07:22

As expected, a massively dilutive fund raise announced on a 63% discount to NAV

[rambutan2] 22/11/2023 21:44

Absolutely columbarius. They are facing the value destructive consequences of having been very stupid/greedy. VC investing and debt should always be a no no, and it's rather unforgivable that they thought that rule didn't apply to them.