Member Info for W13Ken

I'll go for £10.60 but hope I lose to you Steph :-)

This may have been posted here already but I couldn't spot it. Colin Barnden posted the following on LinkedIn and Paul McGlone liked it.

"At today's Qualcomm investor day, we learned more about the status of the driver monitoring supplier partnerships for the #Snapdragon Ride stack. Although Cristiano didn't discuss #DMS specifically, the background showed only Seeing Machines as a "pre-integrated partner." No other DMS vendors were listed.

Integrating safety-grade DMS onto the Qualcomm accelerators is a non-trivial task and I am unware of the existence of even a single "OEM stack" for DMS. In fact, most OEMs have no expertise in this area whatsoever and the same is true for most tier one suppliers.

This leaves me to conclude that, going forward, Seeing Machines is the sole Qualcomm partner for DMS, both for Snapdragon Ride and from the fourth-generation ****pit applications processor onwards. This is a significant development."

The recent volatility means that GROW has become a share I buy in my Trading account as well as being a long-term hold in my ISA.

I just bought at 954p in Trading...

It sometimes works the other way and I've even got partial sells in place as limit orders for 3 of my shares if a spike does happen

Frankly I'm baffled by the indifference shown to what K3C have already built and what's to come. They're my 2nd biggest holding and I plan to keep it that way as I'm confident they will come good but 400p this month may have been a trifle over-optimistic.
If it did approach 300p I would consider buying more though. As CEO John Rigby said at the Investor Meet meeting last week, they are building a £1bn company and I think they'll get there or will get bought.

Paul Scott interview mentions SOS in a very positive light at 20:32.

https://youtu.be/godOhIecGk4?t=1232

If you sign up to their website notifications you get sent links to the following links and a reminder that GROW have bought into 5 new companies recently:

https://www.moltenventures.com/news/farewell-draper-esprit-hello-molten-ventures
https://www.moltenventures.com/news/why-now-is-the-time-for-molten

Aktiia
Automated Optical Blood Pressure Monitoring System for 24-7 use at the wrist is the first available on the market.
“Their strong clinical validation, patient engagement, and market traction are extremely impressive and give us every confidence that Aktiia will transform how hypertension is measured and managed.”
Principal, Dr. Inga Deakin

Simscale
Making high-fidelity simulation technically and economically accessible to engineers worldwide. “The opportunities for this in terms of productivity and innovation are enormous and are being discovered daily.” Investment Director,
Christoph Hornung

SatelliteVu
Plans to monitor the temperature of any building on the planet in near real-time to determine valuable insights into economic activity, energy efficiency and carbon footprint. “We believe in SatelliteVu's potential to lead the charge in how we measure the energy efficiency and carbon footprint of our world.” George Chalmers

allplants
Operates as UK's vegan meal delivery service. All their packaging is 100% recyclable, partly compostable, and mostly reusable. “allplants is uniquely positioned at the intersection of some of the fastest growing areas in food consumption today: high quality, plant-based meals that deliver on taste, sustainability and nutrition.” Partner, Nicola McClafferty

Shüttflix
The first logistics hub for the construction bulk-materials industry that works digitally and supplies sand, gravel and grit on the spot. “Over 2.5m tonnes of construction bulk-materials delivered. Schüttflix has broken into a traditionally analogue market and is creating genuine added value for its customers.” Investment Director, Christoph Hornung

I hadn't considered this as a reason for the name change...

"Draper Esprit, Europe’s only stock-market listed tech VC firm, is changing its name to Molten Ventures after a change in senior personnel and an increasingly distant relationship with the US VC network from which is inherited its name..."

https://techcrunch.com/2021/11/09/draper-esprit-cuts-the-legacy-name-apron-strings-to-rebrand-as-molten-ventures/

Here's some marketing ideas related to the new name and different states of their portfolio holdings...

Seed Stage: SOLID
Partnering the right VCs for your first investment is vital, but seed is not our speciality. So we've backed dozens of Europe's best seed stage investors instead.

Early Stage: LIQUID
If you've found product-market fit you'll need investors with ambitions as big as yours. If we're not already talking make sure we know about you.

Later Stage: GAS
It's time to go global and you'll need the capital, experience and networks to scale. You focus on your business and we'll be there to back you.

Growth: PLASMA
The best companies have a relentless need for growth capital. Our listed VC model means we'll never tap out.

https://www.moltenventures.com/

Fyi for those that won't have the time or inclination to watch the video, extreme weather is covered so for total aircraft failure a parachute is deployed. It's been tested in Ireland and their target is to cover 99% of Irish weather :-) That's 99.5% of European weather.

It doesn't work in gale-force winds but works in up to 20m per second or 75kph winds but they have to make calculations on the energy used to return to a safe place.

I hope that you did only look at that idea briefly, Steph, as it sounds absolutely barmy. Bags of cement in 40/60mm underground tubes linked to every property?! That was never going to work :-)

I've watched all of the Manna video now and I'm pretty impressed. Good to get more details about how it works.

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

Great research Steph. Staying patient...

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