Molten Ventures (GROW)

Sector:

Financials

Index:

FTSE Small Cap

247.50p
   
  • Change Today:
      10.00p
  • 52 Week High: 311.80
  • 52 Week Low: 208.80
  • Currency: UK Pounds
  • Shares Issued: 189.05m
  • Volume: 715,139
  • Market Cap: £467.89m
  • RiskGrade: 184

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Molten Ventures sees no impact from SVB link after HSBC rescue

By Frank Prenesti

Date: Tuesday 14 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Tech venture capital investor Molten Ventures said it expected no impact from the collapse of Silicon Valley Bank, after the lender's UK arm was rescued by HSBC.
The company confirmed SVB UK provided 40% of Molten's current undrawn credit of up to £60m and a £90m term loan.

"Furthermore, Molten has a strong cash position, with gross cash balances currently in excess of £30m of which less than £1m is currently deposited with SVB UK," the company said on Tuesday.

It added that it had "worked closely with its portfolio companies to further improve the position over recent days".

Reporting by Frank Prenesti for Sharecast.com

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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 247.50p
Change Today 10.00p
% Change 4.21 %
52 Week High 311.80
52 Week Low 208.80
Volume 715,139
Shares Issued 189.05m
Market Cap £467.89m
RiskGrade 184

Molten Ventures Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.93% above the market average93.93% above the market average93.93% above the market average93.93% above the market average93.93% above the market average
90.65% above the sector average90.65% above the sector average90.65% above the sector average90.65% above the sector average90.65% above the sector average
Price Trend
22.96% below the market average22.96% below the market average22.96% below the market average22.96% below the market average22.96% below the market average
25.86% below the sector average25.86% below the sector average25.86% below the sector average25.86% below the sector average25.86% below the sector average
Income Not Available
Growth
17.59% above the market average17.59% above the market average17.59% above the market average17.59% above the market average17.59% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 5
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 26-Apr-2024

Time Volume / Share Price
16:39 419 @ 247.50p
16:39 500 @ 247.50p
16:35 437 @ 247.50p
16:35 1,985 @ 247.50p
16:35 466 @ 247.50p

Molten Ventures Key Personnel

CFO Benjamin David Wilkinson

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