George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Martin Davis, Chief Executive Officer of Molten Ventures, commented:
“We are grateful to all our investors who supported us through the period, most notably with our fundraise and with the addition of the Forward Partners portfolio. With £123 million of cash resources across PLC, the managed EIS/VCT funds, as well as a £60 million undrawn debt facility and a stable and enhanced platform, we are in a strong position to deploy capital selectively to maximise returns for our investors in a stabilising but still challenging environment for high-growth companies. Our portfolio remains in good health, and we expect to see a step up in realisations in the current financial year, with a number of potential exit processes ongoing across our portfolio.”
Trading at $7.5 per share exactly 1 year ago, then bought out for 65$ per share. That's a 766% increase within a year, nice!
Can't see how Avacta won't go for at least this multiple from it's current price point.
Start of the tax year has historically been positive for Avacta. In particular looking at data for the first 3 trading days:
2023: +8.6%, +1.9%, 0% (total +10.6%)
2022: +7.8%, +29%, +12.4% (total +62.3%)
2021: +11.6%, 0%, +1.9% (total +55.6%)
2020: +12.2%, +4.3%, +80.2% (total +110.9%)
Currently sitting at +2.8% so far today, so appears likely to see a continued rise over the coming days.
This would directly help molten ventures obtain a price closer to fair value
https://www.theguardian.com/politics/2024/feb/09/jeremy-hunt-may-launch-british-isa-investing-in-uk-company-shares?CMP=Share_AndroidApp_Other
Https://twitter.com/Share_Talk/status/1723705980469338443?t=iTvfIh9laqloO51AMolEyw&s=19
Chart analysis suggesting 0.24 by end of year - https://twitter.com/i/broadcasts/1PlKQDBzQkkxE?t=hAW74eLyZ0qD1SdnQLeCZg&s=09
https://www.gov.uk/government/news/government-and-bank-of-england-facilitate-sale-of-silicon-valley-bank-uk
"Customers of SVB UK will be able to access their deposits and banking services as normal from today."
ST giving a solid summary of trinity this evening, can see the SP going alot higher tomorrow
https://www.investorschronicle.co.uk/ideas/2022/03/03/two-slick-oil-and-gas-plays/