Molten Ventures Share Discussion Threads

[mysteronz] 12/8/2018 19:54

Cracking video about Graphcore - a local
Business is an added bonus. One of the core hdings of GROW

[hatfullofsky] 08/8/2018 15:17

How about now ?

[jimbo123elf] 23/7/2018 15:41

I was in at the start but am exiting now. Find the fund rather overvalued right now.

[p1nkfish] 23/7/2018 07:17

Good update. Doing as expected. Strongly hold in my book.

[igbertsponk] 20/7/2018 08:35

Reported NAV has a habit of catching up with share price every 6 months. Stellar company.

[rambutan2] 19/7/2018 19:12

Agm is on monday:

[rambutan2] 19/7/2018 18:56

Certainly has been demand for stock over last few weeks, with share price climbing way above reported nav.

[rambutan2] 19/7/2018 18:53

From 4th july:





Piece in FT said was the start of a merger with Earlybird, sidestepping the need to build up a platform in Germany.

[cesaro100] 10/7/2018 13:13

My Top Up looking good, not selling mind you. as i say before, i can see no reason to sell a single share.
Growing v well

Cesaro

[cesaro100] 07/6/2018 19:04

I took opportunity to add further in the dip.
Good fortune to all who follow

Cesaro

[rambutan2] 31/5/2018 02:32

Finnish microsatellite startup ICEYE is added to the roster:

[p1nkfish] 30/5/2018 15:39

He selling what he can get a bid for imho.

[rambutan2] 30/5/2018 15:01

A quick look back at the trades and my placing theory fits, as he appears to have sold out at 420p. Below the mkt price, but at the placing price.

[igbertsponk] 30/5/2018 11:16

Woodford out I see. Good - he's rather toxic these days!

[cesaro100] 30/5/2018 07:35

I won't sell a single share of this, can only see it go strength to strength.
Cesaro

[igbertsponk] 25/5/2018 14:34

Will be interesting to see which institutions have invested.

[rambutan2] 25/5/2018 13:56

Worth remembering that this time last year they raised £100m at 324p:

[rambutan2] 25/5/2018 13:42

Also today, a further fund raise:

Reasons for the Placing and Subscription and use of proceeds

The Directors have identified potential investments of c.GBP70 million. The Directors believe that, given the strong pipeline of potential new deals and the desire to increase the Company's average holding in existing portfolio companies, it is the right time to raise further equity to increase the Company's available cash resources in order to capitalise on these new opportunities. The Directors believe that the net proceeds of the Placing and Subscription will enable the Company to continue its rate of investment of c.GBP60million per annum (exclusive of EIS, VCT and secondary co-investments funds) in line with its current investment strategy and:

-- continue to grow its existing portfolio of investments;
-- invest in further new portfolio companies;
-- where appropriate and value enhancing, continue to appraise complementary acquisition opportunities;

-- invest up to GBP75 million in the top seed funds across Europe over a five-year period; and

-- fund the Company's working capital costs.

The Directors believe that the net proceeds of the Placing and the Subscription will also enable the Company to increase the size of the equity interest that it holds in portfolio companies and also the number of companies in what it considers to be the core of its portfolio.



Which was quickly taken up:

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses across Europe, is pleased to announce that, further to the announcement made earlier today, it has secured funding commitments to raise gross proceeds of GBP115 million at an issue price of 420 pence per share (the "Issue Price") by way of the conditional placing of 20,238,095 new Ordinary Shares (the "Placing Shares") and a subscription of 7,142,857 new Ordinary Shares (the "Subscription Shares"). The Placing was oversubscribed.

[rambutan2] 25/5/2018 13:40

Results out today showing good growth, with nav rising to 402p, or 431p including goodwill. The annual report explains all nicely:

[rambutan2] 30/4/2018 15:39

No effect on nav, but another example of ability to sell on and generate cash:

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm investing in high growth European digital technology businesses announces the sale of portfolio company Tails.com, the direct-to-consumer, tailor-made dog nutrition business to Purina Petcare, a subsidiary of Nestlé SA.

Draper Esprit has a long history with Tails.com, having backed its founder, serial entrepreneur, Graham Bosher, first at Lovefilm and then at Graze. The transaction has been executed at a value supportive of the NAV as at 31 March and represents an attractive return for Draper Esprit.

Based in Richmond, West London, Tails.com provides personalised dog food and nutrition support at affordable prices, with a direct‐to̴8;consumer model that has demonstrated strong growth since launch in 2014. Tails.com uses a proprietary technology platform and manufacturing set up to provide individually customised recipes and best in class service to delivery.

In the last twelve months, the Group has announced 5 disposals, including the recent announcement by Oracle of their intent to buy Grapeshot, a Draper Esprit EIS investment, and the sale of Clavis Insight to Ascential plc in December 2017.

[rambutan2] 26/4/2018 19:34

DRAPER ESPRIT ANNOUNCES INVESTMENT IN REVOLUT, A LEADING FINTECH BUSINESS

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, today announces a commitment of up to $16.5 million in Revolut, the London headquartered fintech company.

Draper Esprit's investment in Revolut is part of their latest Series C funding round, which sees Revolut valued at $1.7 billion, taking their total funds raised to $340 million since launch in 2015. The round was led by Hong Kong based DST Global.

Revolut, one of the fastest growing tech companies in Europe, was founded in 2015 by Nikolay Storonsky and employs over 350 people, providing alternative digital banking services direct to customers. It functions like a digital bank, allowing users to transfer money across different currencies without transaction fees.

The business has over 250,000 daily active users and is targeting 100 million customers in the next five years. In the last few months alone, it has launched features that allow customers to instantly buy and sell cryptocurrencies as well as a savings feature that lets customers round up their daily transactions and save their spare change in a digital Vault.

Simon Cook, CEO at Draper Esprit, commented:

"Revolut is a fantastic business which we have got to know both directly and through our relationship with Seedcamp. We have been tracking their progress within the digital banking ecosystem for a while. Their status as one of the fastest growing tech companies in Europe is testament to the great work that Nikolay and his team have undertaken in recent years. App-only digital banks like Revolut are changing the way we bank and we are tremendously excited about working with the business given its enormous potential to completely revolutionise the way we borrow, save, pay and invest."

[rambutan2] 16/4/2018 14:56

Good progress:

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm investing in high growth digital technology businesses, announces an update on trading ahead of its final results for the year ended 31 March 2018.

The Company has had another active year and is seeing strong growth within the portfolio, predominantly driven from revenue growth and from financing rounds and exits at higher valuations being achieved.

As a consequence of this growth and further realisations in the portfolio, the Directors anticipate that the gross primary portfolio* value will have increased to approximately GBP244m, up 50% from the GBP163m at 30 September 2017 and more than double the GBP113m at 31 March 2017. The increase in the value of the gross primary portfolio reflects investments made during the year of GBP71m (GBP27m during the six months ended September 2017) and a fair value increase of GBP51m in the six months ended 31 March 2018 in addition to the GBP24m increase reported in the six months ended 30 September 2017.

In total the fair value growth in the FY2018 represents a 66% increase in the gross primary portfolio. In addition, the Company continues to achieve a number of successful exits with over GBP15m in cash realisations made during the period. Notable exits include the sale of Clavis Insight, Aveillant and Moviepilot.

[rambutan2] 06/3/2018 17:28

From last week:

Draper Esprit (AIM: GROW, ESM: GRW), a leading venture capital firm investing in high growth digital technology businesses today announces two new investments in Europe's top seed funds: Join Capital in Berlin ( ) and Icebreaker in Finland ( ). Commitments have also been made to three other funds based in London, Cambridge and Ireland. The total commitment is GBP12 million across all five funds.

These investments are a continuation of the Company's Fund of Funds strategy to invest GBP75 million over a five-year period in Europe's best seed funds, as announced in October 2017. Alongside previous investments in Seedcamp, Episode1 Ventures, Crowdcube and Seedrs, these investments enable Draper investors to gain access to some of Europe's highest quality seed funds.

Furthermore, it complements the Company's core strategy to invest approximately GBP100 million a year in technology businesses in series A, B and C+ rounds across the Group's funds and gives the management team further access to high quality deal flow from across Europe.

Commenting on the announcement Simon Cook, Chief Executive said:

"In October last year we announced our intention to invest in seed funds to give investors access to early stage technology businesses through Europe's top seed funding platforms. This gives them exposure to a very important asset class on a pooled portfolio approach; giving a degree of risk mitigation, with added liquidity and without them having to sift through and pick individual seed funds themselves. It also gives shareholders and investors an opportunity to support European tech from British shores, helping to ensure the UK continues to have a leading role in European venture."