Molten Ventures (GROW)

Sector:

Financials

Index:

FTSE Small Cap

240.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 311.80
  • 52 Week Low: 208.80
  • Currency: UK Pounds
  • Shares Issued: 189.05m
  • Volume: 1,345,294
  • Market Cap: £453.71m
  • RiskGrade: 184

Molten Ventures sees gross portfolio value contract

By Iain Gilbert

Date: Thursday 27 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Venture capital firm Molten Ventures said on Thursday that both its gross portfolio and net asset values had fallen in the twelve months ended 31 March but said its portfolio companies continued to maintain "strong revenue growth momentum".
Molten Ventures, formerly known as Draper Esprit, said its gross portfolio value was expected to be roughly £1.37bn, down from £1.53bn a year earlier, while net asset value per share was seen dropping from 929.0p to 775.0p.

The FTSE 250-listed group stated its underlying gross portfolio decrease in fair value was approximately 19% at constant currency, reflecting stabilisation in markets during the second half, and said its core portfolio remained "well funded", focused on capital efficiency, and trading "strongly".

Molten added that realisations generated cash proceeds for Molten in the year of £48.0m, down from £126.0m twelve months prior, with realisations exceeding new investments in the second half of the year.

Chief executive Martin Davis said: "Our focus for the year has been on adaptation for our business and active management of the portfolio. The strength of our model and expertise of Molten's people has enabled us to do this, providing relative resilience throughout a period of challenging macroeconomic conditions.

"While economic uncertainties persist, we are beginning to see signs of stabilisation. Molten is well positioned to manage through a recovery and capitalise on any opportunities presented and in doing so deliver for shareholders."

As of 1000 BST, Molten Ventures shares were up 1.20% at 270.0p.





Reporting by Iain Gilbert at 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 240.00p
Change Today 14.00p
% Change 6.19 %
52 Week High 311.80
52 Week Low 208.80
Volume 1,345,294
Shares Issued 189.05m
Market Cap £453.71m
RiskGrade 184

Molten Ventures Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.32% above the market average94.32% above the market average94.32% above the market average94.32% above the market average94.32% 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
51.95% below the market average51.95% below the market average51.95% below the market average51.95% below the market average51.95% below the market average
48.28% below the sector average48.28% below the sector average48.28% below the sector average48.28% below the sector average48.28% below the sector average
Income Not Available
Growth
17.10% above the market average17.10% above the market average17.10% above the market average17.10% above the market average17.10% 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 23-Apr-2024

Time Volume / Share Price
16:35 81,813 @ 240.00p
16:35 802 @ 240.00p
16:35 174 @ 240.00p
16:35 220 @ 240.00p
16:35 330 @ 240.00p

Molten Ventures Key Personnel

CFO Benjamin David Wilkinson

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