Molten Ventures Share Discussion Threads

[steeplejack] 15/8/2024 06:33

Extract from todays Times Business section-"Joachim Klement, a strategist at Panmure Liberum said the M-Files exit crystallised "profits from an excellent investment". Together with Riverlane's funding, Klement believes it shows Molten's share price is "significantly undervaluing" its underlying investments. Its shares rose 18p, or 4.9 per cent, to 386½p in London."

[steeplejack] 14/8/2024 07:49

"The four recent realisations, of M-Files, Graphcore, Perkbox and Endomag, at valuations at or above our holding value evidence not only the high quality of our portfolio and the rigour of our valuation methodology but also the more active M&A market, which continues to normalise after two difficult years."Must be frustrating for management that the market remains reluctant to lend credibility to the company's NAV calculation,662p back in June.A 25% discount to NAV would give you a share price of around a fiver and that seems a fair target in a more benign environment.

[johnrxx99] 14/8/2024 07:09

Excellent update imo.

[ayl30] 14/8/2024 06:24

Results read well

[cordwainer] 26/7/2024 20:05

I estimate the buyback could be worth in the region of 5.4p per share, depending on share price action and timing.

The cash on the balance sheet is not particularly unwieldy compared to the investment portfolio value. By comparison, Pantheon International is just over twice the market cap but it's buyback of £200M was twenty times bigger than the one just started by GROW.

Meanwhile GROW has over £70M of realisations coming through (Graphcore, Perkbox, Endomag).

Last December, £57M was raised in share issuance at 270p per share (to acquire Forward Partners at a 7% discount vs GROWs 63% discount at the time), and now some of those shares are being bought back at around 367p.

I suspect this £10M buyback just a gimmick to stir the market and might not be fundamentally worthwhile. Also wondering whether a dividend would have been better, or just maintained as dry powder earning interest. ..?

[thunders] 26/7/2024 07:18

In its most recent annual report, Revolut pocketed around a quarter of a billion pounds from its premium account fees, and this is sure to go up as Britain’s newest bank grows. Spy wonders quite how much the FT stands to benefit.

[thunders] 26/7/2024 07:17

City Spy: Revolut's UK banking licence is fantastic news...for the FT
Congratulations are in order to Nik Storonsky, co-founder of Revolut and arguably the most patient businessman in London. He has had to wait a tedious three years to finally secure a British banking licence, opening the door up to further expansion for the $45 billion fintech.

[thunders] 26/7/2024 07:09

This is what we needed to set the fire!

[chester9] 26/7/2024 06:15

Good start to Friday

[chester9] 26/7/2024 06:15

Molten Ventures (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high-growth digital technology businesses, announces that, beginning today, 26 July 2024, it will commence a share repurchase programme of up to £10,000,000 (the "Programme").The Programme will be financed through existing cash resources. The Programme will commence on the date of this announcement and will continue until the earlier of either the expiration of the general authority received at the Company's 2024 AGM ("General Authority") or reaching purchase of the maximum amount intended under the Programme.

[cordwainer] 26/7/2024 05:05

.. and I presume that unlocks a Revolut IPO not too far down the line.

[johnrxx99] 25/7/2024 06:33

Yup, they have.

[kelster50] 25/7/2024 06:30

FT reporting that Revolut have obtained U.K. banking licence

[kooba] 24/7/2024 05:33

The last public valuation of Revolut from 2021 was $33b which was seen as a peak as many including MOLTEN marked the valuation lower in 2023.Earlier this year Schroders upped the valuation to $25.7b and whilst its difficult to see exactly where MOLTEN has the holding in at , any valuation at close to $45b would be a big increase.

[kooba] 23/7/2024 19:16

Exclusive: Bank disruptor Revolut is nearing a deal to sell about $500 million worth of employee-owned shares at a valuation of $45 billionhttps://x.com/wsj/status/1815820759396196813?s=61&t=s79RLRddG_Gfl7VpUZvZpQ

[peterrr3] 16/7/2024 13:19

The bots push this down then back up again on very thin trade. Maybe only Blackrock and it's just as likely to end even.I'll join in the game this time and see if it pays off.

[johnrxx99] 16/7/2024 07:36

From City AM

Jack Mendel

The UK’s burgeoning artificial intelligence (AI) startup scene is on course to raise a record-breaking $4.4bn (£3.4bn) worth of venture capital in 2024.

According to new data from HSBC Innovation Banking UK and Dealroom, AI startups have already pulled in $2.1bn (£1.6bn) in the first half of the year, a sizeable chunk of the $9.4bn (£7.2bn) raised by all UK startups during this period.

More here

[makinbuks] 12/7/2024 14:49

Yes a bullet dodged. Not great to lose 10% of what you put in but could have been worse and supports the current valuation

[kelster50] 12/7/2024 08:45

Not a catalyst but a steady update on positions which arguable gives credence to the core nav. Graphcore is a plus for me as it could have in my view ended up as a zero holding without SoftBank and the preference shares held by MV

[johnrxx99] 12/7/2024 06:57

Good summary of sale and investments published today.

[kooba] 12/7/2024 06:32

Chrysalis has some numbers out...better than nothing !

[kooba] 12/7/2024 05:04

https://techcrunch.com/2024/07/11/softbank-acquires-uk-ai-chipmaker-graphcore/No confirmation on valuation.But on a separate article employees been told their holdings are worthless which on the terms means less than $600m. I guess GROW will have to explain to its shareholders what they are getting though!

[johnrxx99] 09/7/2024 06:27

CitAM have front page about Pension Funds secret meeting about money for startups. This time may actually do it.

[kooba] 07/7/2024 10:46

https://x.com/markkleinmansky/status/1809901584425308358?s=61&t=s79RLRddG_Gfl7VpUZvZpQ