Molten Ventures (GROW)

Sector:

Financials

Index:

FTSE Small Cap

340.00p
   
  • Change Today:
      10.50p
  • 52 Week High: 345.50
  • 52 Week Low: 208.80
  • Currency: UK Pounds
  • Shares Issued: 189.05m
  • Volume: 1,524,044
  • Market Cap: £642.76m
  • RiskGrade: 184

Draper Esprit reports positive momentum through year-end

By Josh White

Date: Thursday 08 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Venture capital company Draper Esprit said on Thursday that its strong momentum had continued through the end of its financial year on 31 March.

The AIM-traded firm said it had been investing in new portfolio companies across a range of technology applications, as well as several follow-on rounds in existing portfolio companies.

It invested a total of £162m in the year ended 31 March, and had increased the speed of investing, with £96m invested in the second half.

That took the full-year total to £128m, with a further £34m from Enterprise Investment Scheme (EIS) and venture capital trust (VCT) co-investment.

It said its earlybird partnership was delivering "good" uplifts, with series C and D rounds from Aiven and Sennder, respectively.

Realisations for the year totaled more than £200m, with a full recent exit from Decibel by way of a trade sale to Medallia, and the recent partial realisation of Trustpilot adding to first half realisations of £106m.

Draper Esprit said it had a "strong" deal pipeline, with more than £50m of investment committee-approved deals.

"Over the last few months, we have continued with the application of our strategy of accelerating our capital deployment to invest in high growth opportunities in our existing portfolio and to secure exciting new investment opportunities," said chief executive officer Martin Davis.

"In the year ended 31 March we have invested over 40% more than in the prior year, with a notable acceleration even in the second half on the first.

"We continue to be disciplined in our investment criteria and also in managing the balance of the portfolio."

Davis said the recent activity showed the level of opportunity in the European technology sector, making it a "very exciting time" for the company, as reflected by its deal pipeline.

"We have helped 10 unicorns on their growth journeys to date and have confidence that we will see many more."

Draper Esprit said it would provide a full-year trading update on 26 April, and would announce its full-year results on 14 June.

At 0853 BST, shares in Draper Esprit were flat at 815p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Molten Ventures Market Data

Currency UK Pounds
Share Price 340.00p
Change Today 10.50p
% Change 3.19 %
52 Week High 345.50
52 Week Low 208.80
Volume 1,524,044
Shares Issued 189.05m
Market Cap £642.76m
RiskGrade 184

Molten Ventures Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.69% above the market average91.69% above the market average91.69% above the market average91.69% above the market average91.69% above the market average
88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average
Price Trend
36.24% above the market average36.24% above the market average36.24% above the market average36.24% above the market average36.24% above the market average
21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average
Income Not Available
Growth
21.29% above the market average21.29% above the market average21.29% above the market average21.29% above the market average21.29% above the market average
35.78% above the sector average35.78% above the sector average35.78% above the sector average35.78% above the sector average35.78% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Molten Ventures Dividends

No dividends found

Trades for 07-Jun-2024

Time Volume / Share Price
17:01 220,585 @ 339.71p
16:35 782 @ 340.00p
16:35 1,021 @ 340.00p
16:35 155,028 @ 340.00p
16:35 1,331 @ 340.00p

Molten Ventures Key Personnel

CFO Benjamin David Wilkinson

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