Member Info for W13Ken

Looks like an overreaction to MCIT news. RNLX shares up nearly 10% on Friday so Monday should be good...

The FT has a BUY recommendation for accesso Technology noting that July 2021 revenue figures for passport and virtual queuing are 51 per cent up against July 2019.

https://t.co/GTHXpW5GWE

Good to see Draper partner, Nicola McClafferty, on the judging panel. Another opportunity to identify the best and the brightest new companies and fund them early on.

https://irishtechnews.ie/eight-start-ups-shortlisted-kpmg-tech-innovator/

Maybe the RNS appeals to headline writers: "Soaring demand for car seller Cazoo gives valuation boost to backer Draper Esprit". All good publicity...

"Both Liberum and Numis have positive reactions to the portfolio update.

Numis emphasises that Draper Esprit will also benefit from an £99 million uplift in the July Series E $800 million funding of Revolut, and a £38 million uplift from a marking to market of its Trustpilot holding.

It says: ‘These known uplifts total £171 million which compares against the March 2021 gross portfolio value of £984 million (17% return), suggesting another period of strong returns for the group.’

Liberum is equally bullish, saying: ‘We estimate recent funding rounds by portfolio companies added 74p (10%) to the March NAV….Strong gains from the public technology companies since March should also support strong NAV performance when the releases its trading update next month.’

https://www.sharesmagazine.co.uk/news/shares/soaring-demand-for-car-seller-cazoo-gives-valuation-boost-to-backer-draper-esprit

https://www.proactiveinvestors.co.uk/companies/news/960581/city-pub-group-has-financial-strength-to-bounce-back-strongly-argues-peel-hunt-960581.html

Good luck Steph, I believe things will be back on track in the next few weeks.

I can't say that Form3, in GROW's portfolio, has caught my attention before but it turns out it is now handling a “double-digit percentage” of all UK Faster Payments and they are planning a US float. I think we have focused on a few well-known names but there are lots of other hidden gems owned by Draper Esprit.

Form3 provides a cloud-native, real-time payment technology platform to enable banks and regulated fintechs to create amazing products and experiences.

https://www.altfi.com/article/8322_form3-planning-us-launch-as-goldman-sachs-leads-its-160m-funding-round

https://www.form3.tech/

Totally agree on your points on post-IPO holdings and we can expect a Trustpilot exit in the next 10 days. If they have been selling down UIPath would that warrant an RNS or only if thresholds had been breached?

Good analysis Steph. Re Cazoo, the wording is not as clear as it should be but as DMGT's large gains are listed elsewhere it appears to refer just to GROW: "and venture capital firm Draper Esprit will receive approx $80M in cash from the transaction proceeds."

https://siliconcanals.com/news/cazoo-debuts-on-nyse-raises-1b/

That's true Sage but I still make it £124m of value in Trustpilot that they could bank in the next fortnight and I'm sure that they will realise some of that.

"ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Team17 Group:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

0.23 = UK£27m ÷ (UK£135m - UK£16m) (Based on the trailing twelve months to June 2021).

So, Team17 Group has an ROCE of 23%. In absolute terms that's a great return and it's even better than the Entertainment industry average of 14%..."

https://simplywall.st/stocks/gb/media/aim-tm17/team17-group-shares/news/returns-on-capital-are-a-standout-for-team17-group-lontm17

Not long till we see if I was right. Upward momentum starting to build even in a turbulent market.

I love the wallet investor forecasts - fingers crossed!

Confident we'll see a strong bounce with H1 results and, I suspect, news of cashing in on most if not all of the Trustpilot stake as the tie-in expires next week. Other factors: super-official entry to the FTSE 250 starts on Sept 20th and these will be our first results there so the profile will be higher and we can expect more commentary than normal.

and here's some fluff from Simply Wall Street which auto-generates some strange articles but the screener is good and I like how they point out GROW's profit margin, which at 92.6% is extraordinary.

https://simplywall.st/stocks/gb/diversified-financials/lse-grow/draper-esprit-shares/news/heres-why-we-think-draper-esprit-longrow-is-well-worth-watch

"...Group revenue of $50.7m was an increase of 106 per cent, shooting back to pre-pandemic levels. The accesso Passport division, which facilitates virtual sales, was a standout performer by posting a 40 per cent or $6.3m revenue increase on the same period in 2019.

Chief executive Steve Brown said that a combination of high labour costs for business and continuing capacity and social distancing measures helped drive revenue. Accesso’s software allows clients to reduce labour costs (as tasks can be completed virtually) and its operating model is now well placed to serve its clients in an uncertain pandemic environment. He also noted that attendance at client sites, such as amusement parks, is sitting at around 85 - 90 per cent of 2019 levels which indicates further revenue and growth potential..."

"...Broker Numis has an updated Ebitda forecast of $18.6m for 2022. Move to buy. "

https://www.investorschronicle.co.uk/news/2021/09/14/accesso-enjoys-e-commerce-rebound/

https://www.proactiveinvestors.com/companies/news/960312/accesso-technology-has-proven-itself-mission-critical-to-clients-say-brokers-960312.html

I got in to buy for 1061p in the Trading account just before close. Confident that will be up by the end of the month...

Good spot. We can expect positive news on that in tomorrow's H1 results update. Repeating my previous updates...

"Logan Airport officials declined to comment on how the pilot program is going, but Accesso Technology Group, Logan's virtual queuing technology partner, said that in a recent survey of users of the solution, 96% said that the virtual line helped make traveling less stressful."

https://www.travelweekly.com/Travel-News/Airline-News/Airports-test-virtual-queuing-security-checkpoints

According to the Airports Council International (ACI) World Airport Traffic Report, there are currently 17,678 commercial airports in the world, in other words those which receive airliners, cargo and business aircraft.

https://www.proactiveinvestors.co.uk/companies/news/960108/iqgeo-revenues-rise-as-5g-and-fibre-rollouts-gather-pace-960108.html

Good insight Sage, cheers...

Draper Esprit plc Announces Appointment of Sarah Gentleman as Non-Executive Director. Good to see this as it was raised as an 'amber' flag on Simply Wall Street previously:

Jul 28
Less than half of directors are independent
Following the recent departure of a director, there are only 3 independent directors on the board.
The company's board is composed of:
3 independent directors.
4 non-independent directors.
Independent Non-Executive Chairman Karen Slatford was the last independent director to join the board, commencing their role in 2016.
The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.

https://www.marketscreener.com/quote/stock/DRAPER-ESPRIT-PLC-28722806/news/Draper-Esprit-plc-Announces-Appointment-of-Sarah-Gentleman-as-Non-Executive-Director-Chair-of-the-R-36383649/