Member Info for Sangijuelas1

Chesterman invested another $1m last month

In March 21 they said Cazoo fair value was £26m

At $9 a share the fair value was £37m

With Cazoo it seems they lost the gain. I think the last funding round they participated in valued them at $1bn so the actual loss on capital invested is much less

You might be right

And of course the shorts wouldn't get away with it if there was more demand

Also only short positions over.0.5% are reported.

The OTC data says the shorts have increased a lot over the last 2 months.

https://www.defenseworld.net/2022/06/13/molten-ventures-plc-otcmktsgrwxf-short-interest-update-2.html

Yeah but the data is normally behind.

And maybe there's a way of shorting it with the US OTC listing.

Has you seen all the automated trades? What is going on with them?

A lot of points to cover and nothing in much depth. Just hot takes.

Let's leave aside Revolut as I have some scepticism there. The UK banking licence is key and they have had to bring on board some banking heavyweights in the hope of satisfying regulators.

Both TM and Form3 had their funding rounds led by asset managers rather than banks as such, Goldman Sachs Growth Fund and Temasek. These guys are looking to value creation over time and the fact that it's not MV and other VCs leading the round is a positive sign.

Your point about the banks all investing together would make more sense if all the UK banks were investing together.

Thought Machine have had Lloyds on board as a customer and investor for some time. No other UK banks are involved and Lloyds are fairly UK centric with the other investors from the US, Italy, Holland and Sweden.

So by your argument Lloyds would be potentially gaining an advantage over other UK banks that don't own a share of TM.

Both TM and Form3 provide cloud native platform services that anyone can use. Think of them like Amazon Web Services. There's not really any need to own the technology and I imagine that if Lloyds bought TM tomorrow to run as a business selling to other banks the competition watchdog would want to ensure they were not acting in such a way as to distort competition.

It looks like Monitise made some pretty big mistakes. I am not expecting TM to pay £50m for voucher codes from one of Gordon Ramsey's chefs! They seem a bit more serious than that.

They sound like Blue Prism. Shoddy management combined with impatient UK investors.

I am disappointed that MV dumped so many UI Path shares whilst seemingly keeping all the Cazoo. (Were they tied in at the last funding round?)

I am gagging to get more Path. I fat fingered a sale on AJ Bell when they rose following decent earnings report. They have fallen back since but I bought more MV at 500p.

Analysts seemed cross on the last call as if they had been misled into being overly pessimistic about Path prospects from the guidance the previous quarter.

They picked up a massive global insurance client recently, which was a big win for them. I think they have something like 170 clients paying over $1m a year. And they have a lot of up selling potential within the existing client base.

I think Apple Pay could turn out to be more of a threat to credit card companies than the likes of Affirm who I think will benefit from the legitimacy Apple could add to BNPL.

Klarna like Coinbase tried to expand far too rapidly. Affirm have been running a much tighter ship.

Sage you know faster payments, instant bank transfers, that's Form3 doing that.

Their last round was led by Goldman Sachs and other investors on board included Lloyds and Nationwide.

If you think they have been stung by a Ponzi scheme I am sure they will be happy to hear from you.

Similarly Aiven round was led by Blackrock and Eurazeo.

Thought Machine, the cloud native banking technology company, today announces it has closed its series D funding round, led by Temasek, the global investment company headquartered in Singapore, with participation from Intesa Sanpaolo and Morgan Stanley. Existing investors following-on in this round include: Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB.

Revolut say they don't need to raise capital as they are making big profit. (I take that with a pinch of salt).
They seem intent on offering retail banking services and asset trading platform on a global basis. They have big ambitions. Once the service is operating at scale revenue could grow significantly.

Who do you think is selling?

No TR1s and yet such a massive decline.

Retail base is relatively small.

Why all the auto trades?

Sorry I thought you meant the price it was trading at was over half of the NAV

50% of 880 is 440

We are quite a bit less than half of 937p

To be predicting a smaller amount of capital to be deployed this year

Here are the deployments over recent years

2017 £35m
2018 £72m
2019 £226m
2020 £90m
2021 £128m
2022 £311m

A lower level this year fits the trend nicely

It's a Reach announcement, not an RNS.

It's not intended to be materially significant to the SP.

You are not going to run a portfolio like this and not have companies that turn out to be duds.

The thing is you could lose a set amount on the mistakes.

The winners can multiply the initial investments so if you get enough right you will be fine.

The fact that the likes of Thought Machine, Ledger and Form3 have had their later rounds led by the large banks is a good sign.

You can't vote against the pay rise in a meaningful way. That is Resolution 2, no more than a protest vote as it's purely advisory and not binding.

Resolution 3 is binding and that relates to authorising a bonus of 100% of salary and 200% of salary in stock awards.

The narrative is that the reduced investment is bad news but they fail to mention the main reason for the reduced investment is that the portfolio companies remain well funded.

Forrester study shows Aircall delivers ROI of 373% over 3 years.

Valued at $1bn. Selling to 13 000+ clients.

https://www.businesswire.com/news/home/20220601005827/en/Independent-Study-shows-that-Aircall-can-deliver-373-ROI-over-three-years-for-small-medium-businesses

I really don't get the "if number no go up it's a bad investment mentality".

Every one seems so focused on some 3 month time frame and expect companies that are not just making products but actually creating markets don't hurry up and do it overnight.

It's a patient capital investment. Seems not suited for many

https://www.eenewseurope.com/en/graphcore-aims-at-european-ai-supply-chain-with-german-deal/

To reduce the need for European companies to rely on the likes of Nvidia, which is a key EU strategic objective.

If you think Graphcore are going to raise at a discount to their last round there's no hope for you.