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NAV down from 780 to 735p … but decline is slowing. No idea how the SP will react !

I’m continuing to hold. Like you I’m really disappointed that this discount hasn’t narrowed and for me still sits in the red I’m my SIPP! Patience is required.

Assume TW is that flesh-crawling Piers-Moron-Robert-Peston mash up … Tom Winnifrith? Sets himself up as some sort of Defender if Investors but they just spout gallons of badly written pump n dump nonsense. Allegedly.

594 shares bought back?! I’m sure there’s a very good reason!

Notable that arguably the most similar uk company to TEK - FIPP (Frontier Investments) was up by 19% today after an IC tip. FIPP also commercialise university inventions such as a gizmo to make electrical transfers more efficient and robotic fruit pickers. Nothing dull there either, I’m underwater on both but both are showing signs of life recently.

… which ish why they stated market size in kg. More importantly though, is the clear indication that MS can be used as an ingredient in processed foods and not just as a table salt?

Down 3% today at time of writing. If memory serves, it’s bombed by c. 6% on the last two results days? So this might be a good week to add NWG shares. This time next year Rodney…

Molten Ventures, a London-listed venture capital fund specializing in the technology sector, could see its shares surge by over 180%, according to Berenberg.

The fund, previously known as Draper Espirit, provides investors with a gateway to venture capital investing in high-growth tech companies, including British GPU maker GraphCore, fintech banks N26 and Revolut, and U.S.-listed AI company UiPath, The Financial Times reports.

Trading At A Discount

“Adding the growth of the company’s portfolio into the equation, we think that now is the time to gain exposure to the VC space before the company re-rates,” said Kurran Aujla, technology hardware analyst at Berenberg.

Aujla’s note, titled “Red-hot upside on offer,” suggests that Molten’s current trading at a 67% discount to its last-reported net asset value (NAV) is set to decrease as market valuations normalize and Molten liquidates some investments.

Projected Growth

Berenberg predicts that Molten’s shares, trading under the ticker GROW, will rise to £7.25 ($9.50) per share over the next year, despite a nearly one-third decrease over the last 12 months.

“Through preferred share classes, Molten has the first call on invested capital at realization, meaning that it does not realize all of the downside in its valuation,” Aujla added.

See Also: Elon Musk Poses Top Risk To Tesla, Says EV Expert: Such An Unpredictable Person

Analysts’ Take

Other analysts also share a bullish outlook on Molten’s stock. Numis Securities anticipates a 204% rise to £7.87 ($10.31) over the next year, while Goodbody’s Gerry Nennigan foresees a 215% increase to £8.15 ($10.67). Peel Hunt projects the stock at £5.43 ($7.11) in a year, marking a 109% upside.

I don’t have a CNBC account so can’t read the article but I assume Berenberg are talking about GROW?

That’s not LGEN’s style … but hopefully a slow and steady SP improvement from here seems likely. Seems very cheap to me.

Yes, good to have a good news drip, the SP really needs a boost. Annoying spelling mistakes in the RNS look amateurish though, including spelling Fine Fare/Fair two different ways, really really shoddy.

NAV 780p so discount approx 60%. Agree the tone was cautiously optimistic ! No point guessing what the SP will do. Down 8% knowing this one!

FWIW, I’ve read several recent RNSs from solid businesses detailing that directors are selling their shares to fund tax bills. But hey, let’s go into imaginary and fantastical detail about a CFO needing a mortgage !!!!

Not knowing is no excuse for making up s.hite!

Sold out at £80p, to save all the hassle of following the LN share price and worrying about it. £1k up in the end, big relief all round. Anyone else thinking of selling and missing the June dividend?

Very welcome news! Will transform my £4k paper loss into a £2k actual profit. Fantastic news all round, inc for the buyer.

My vote option just came through from ii this morning. I voted against.

Falling gas prices might not be a feature for much longer, according to the commodities team at US bank Citi.

Since hitting a peak of €340/Mwh in August, prices have plummeted to €32.7Mwh but Citi sees a floor ahead in the summer after which forward prices will rise again led by recovering demand in Asia against a backdrop of tight supply.

In a note on Norwegian energy giant Equinor, the bank said it had upped its forecast for average European gas prices between 2024-2026 to US$13/MBtu (therms) from US$7/MBtu.

Estimates for Equinor have been cut this year by 37% due to the recent drop in gas prices, but for the 2024-26 period, the higher gas forecast means an upward average revision of 16%.

'Buy' is the view on Equinor as a consequence.

Robina, these steps down aren’t a harbinger of a correction. They ARE the correction.

Lloyds interim update this morning included this on deposits - similar sentiment to that of NatWest but possibly helped by increase in commercial deposits.

“Customer deposits of £473.1 billion down £2.2 billion in the first three months of 2023, including a reduction in Retail current account balances of £3.5 billion, partly driven by seasonal customer outflows, including tax payments, higher spend and a more competitive market. This was partly offset by Commercial Banking deposit increases of £2.7 billion, including both targeted growth in Corporate and Institutional Banking and some short term placements.”

Otherwise a strong set of results, probably preempting a huge SP tumble!

“Robust business performance, supporting continued strong capital generation

• Statutory profit after tax of £1.6 billion (three months to 31 March 2022: £1.1 billion), with higher net income, partly offset by expected higher operating costs. Strong return on tangible equity of 19.1 per cent

• Net income of £4.7 billion, up 15 per cent, reflecting ongoing recovery and the higher rate environment

• Underlying net interest income up 20 per cent, primarily driven by a stronger banking net interest margin of 3.22 per cent in the three months to 31 March 2023, stable on the fourth quarter of 2022, and increased average interest-earning assets

• Other income of £1.3 billion, 6 per cent higher, reflecting continued recovery

• Operating costs of £2.2 billion, up 5 per cent compared to the prior year, based on higher planned strategic investment, cost of new businesses and inflationary effects. Low remediation charge of £19 million

• Underlying profit before impairment up 28 per cent to £2.5 billion, largely driven by strong net income

I for one have stopped making predictions! Are we near peak fear in markets now? Seems ridiculously cheap to me but I remain cautious and fearful !

Toss a coin, might as well.