The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Draper invested in Irish "last mile" drone delivery company Manna back in April. There will be sceptics about this of course, and I'm still to be won over 100%, but it's an interesting concept. A link to a new interview with the CEO & founder, Bobby Healy. is below.
* 10,000 customers in Galway - zero complaints
* Next town: 35,000 customers with a 98% positive disposition to drone delivery
* 20,000 different products, 3kg limit but can deliver multiple drones in formation
*Lots more info in the interview...
https://www.youtube.com/watch?v=iYHE5UV3QV4
https://www.uktech.news/news/london-vc-draper-esprit-invests-in-manna-2021042
That's a good call and I hope that it will spark some more awareness of K3 Capital. On Wednesday's Investor Meet call, CEO John Rigby admitted to being a bit disappointed by the market reaction to the FY results but said he believes that "If they build it, they will come". He also talked about building a billion pound company. No time limit indicated but that's four times where we are now.
https://www.morningstar.co.uk/uk/news/AN_1636024059074775200/draper-esprit-net-assets-improve-as-portfolio-value-almost-doubles.aspx
https://www.proactiveinvestors.co.uk/companies/news/965253/draper-esprit-lifted-by-positive-update-on-investments-including-cazoo-and-trustpilot-965253.html
Excellent stuff Steph. Thanks for being the #1 contributor on this bulletin board and keeping us up to date.
Love the 92% increase in GPV since last year.
Looks like it won't be called Draper Esprit for much longer then. I wonder if they'll change the ticker too. It's a good one but does get lost on Twitter with self-improvements hashtags.
https://www.sharecast.com/news/news-and-announcements/draper-esprit-portfolio-value-rises-in-higher-valuations--8402666.html
Bumping this to the top...
K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, is pleased to announce that John Rigby, Chief Executive Officer, and Andy Melbourne, Chief Financial Officer, will provide a live presentation relating to the Final results for the year ended 31 May 2021 via the Investor Meet Company platform on 3rd November 2021 at 4:45pm GMT.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet K3 Capital Group plc via:
https://www.investormeetcompany.com/k3-capital-group-plc/register-investor
London-based Draper Esprit is a leading venture capital firm investing in and developing high growth technology businesses. Today, the VC firm has announced that it has pumped in $17.5 million (nearly £12.8 million) in a Series A funding round in hypertension health-tech firm Aktiia.
https://www.uktech.news/news/swiss-medtech-startup-aktiia-funding-20211102
Disappointed by the relative indifference to the great results today but hopeful that further details to be shared this week will give a better breakdown of how the subsidiary companies are performing and that leads to greater broker coverage. The Investor Meet call is on Weds and they should share a Results Presentation pack.
Today's spectacular RNS should help with my prediction.
Group revenue: +215%
Adjusted EBITDA: +131%
Profit before tax: +19%
Net cash: +72%
Adjusted EPS: +50%
Dividend per share: +22%
https://t.co/DIpJoOrZOX
I started a similarly named thread a while back, not realising the results would be released nearly 6 weeks later this year. Good Luck All!
K3 Capital release their FY results on Monday 1st Nov. Here are my top 5 reasons why I believe the share price should jump over 15% in November to reach 400p+
1. #1 in the UK for M&A, 4th in Europe, 6th globally.
2. 245 M&A deals Jan-Sep 2021, an increase of 93%.
3. 15th June TU: "Exceptionally strong performance” but revenue and EBITDA raised since then in a recent RNS so should be beyond exceptional.
4. Acquisition of multiple complementary earning-enhancing companies (Quantuma, rannd, Knight).
5. Market cap just £255m.
Steve Brown interview with Katie P.
https://youtu.be/e8km8CjAFdA
Accesso Technology upgrades revenue forecast after rapid return to form.
https://www.proactiveinvestors.co.uk/companies/news/964413/accesso-technology-group-upgrades-both-revenue-and-profit-margin-forecasts-after-rapid-return-to-form-964413.html
Accesso Technology Expects 2021 Revenue to Double
https://www.marketwatch.com/story/accesso-technology-expects-2021-revenue-to-double-271635320030
I can't say I fully understand their model but I'd happily take half of that this year :-)
One of the metrics I like best there is GROW's Net Profit Margin of 92.59% which is way ahead of any other share I own.
Re "barriers to entry prevent other funds from duplication", can you tell us more on that?
I'm not convnced that GROW joining the FTSE 250 is the reason for the volatility after just a few months as all of the market has been volatile in the last 2 months. Possibly it's just correlation rather than causality.
Re last year's Trading update, we did see an investment update RNS on 26th Oct outlining new holdings in PrimaryBid and ICEYE. Perhaps there may be a pre-TU update again. The TU should have enough positive news on the last 6 months to cause a price jump even without forward guidance.
"Throwing you head on into 50v50 warfare, in which teamwork is essential and death comes quickly in huge maps, Hell Let Loose is a stunning game that had me playing round after round."
https://www.thexboxhub.com/hell-let-loose-review/