Member Info for W13Ken

Exclusive Edison interview where GROW CEO, Martin Davis, discusses the latest results.

https://youtu.be/gv3rNVFcfHM

More good news is expected. IC are halfway through a Top 100 of AIM companies so this Thursday/Friday K3C are almost certain to be in the Top 50, hopefully high up the chart following their recent research.

https://pdfs.investorschronicle.co.uk/Simon_IC_Alpha_501469_Oct2022.pdf

Just out from Interactive Investor: Seven AIM shares to own in difficult times.

References BEG and FRP and then...

"M&A and tax adviser K3 Capital Group
K3C also owns business insolvency company Quantuma, which generated 29% of group profit on the back of 21% organic growth last year. Quantuma is expected to generate 11% organic growth in 2022-23. The tax businesses have steady repeating revenues.

The M&A and tax businesses continue to grow despite the tough economic conditions and there will be increasing demand for K3 Capital’s restructuring business. Investors should get a further significant dividend increase this year on the back of rising profit. A total of 15.5p a share in dividends is forecast for the year to May 2023. At 262.5p, the prospective multiple is 12, while the yield is 5.9%.

This company could be more volatile than the others because of the M&A bias, but it is still highly attractive."

https://www.ii.co.uk/secure/my-news-feed/analysis-commentary/seven-aim-shares-own-difficult-times-ii525568

Could the PLC do the same?

Molten Ventures VCT plc
Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97
Transaction in Own Shares
30 September 2022

Molten Ventures VCT plc announces that on 30 September 2022 the Company purchased the following shares for cancellation:

No. purchased Price paid per share % of class in issue
Ordinary shares of 5p each 704,775 54.63p 0.37%

Mike, it should have been helped by MV's tweet yesterday explaining that Hargreaves Lansdown got it badly wrong by withdrawing the shares from being sold. This should have been sorted out more quickly though by both parties and where is the communication between them?

"For the past few days @HLInvest has incorrectly displayed a message about an absence of our Key Information Document (KID) preventing purchase of Molten Ventures plc shares.

Molten Ventures plc has always maintained its KID which can also be found here:" ...then they share the link

https://twitter.com/MoltenVentures/status/1575484730778169346

Just bought Sosandar for 13.9p. Market cap has dropped to £30m for a strong brand whose sales just surged 142% year on year to £29.5m, driven by a 65% increase in the number of active customers to 13.2m, Final day of H1 today - profit breakeven on track.

sorry, that's a funding round rather the valuation but it suggests it"s heading up

It's well up Steph and it was just GROW last time.

"Since its successful £6m Series B funding round in 2021 with Molten Ventures, then Draper Espirit, as the sole investor..."

"Cambridge DeepTech company FocalPoint has announced the first close of a multi-round Series C funding round of up to £23 million from a consortium of investors co-led by Molten Ventures and Gresham House.

The company provides next generation positioning solutions for mobiles, wearables and vehicles...

...FocalPoint’s unique technology can instantly detect fake signals as spoofers and ignore those signals and pinpoint where in the physical environment the signal is coming from. It is the only consumer-grade product in the market capable of these unique performance characteristics...."

https://www.businessweekly.co.uk/tech-trail/investment-tree/%C2%A323m-boost-focalpoint-makes-it-real-deal-combat-spoofing

I joined the AGM virtually this morning and a question on heavy website discounting came up from a PI. A month ago there were a lot of discounts but the committee confirmed that this is usually used very infrequently and strategically to sign up new customers. By far the majority of their sales are at full price and I'm sure SOS are not interested in a chase to the bottom.

RNS: The Company can confirm that it intends to release a trading update covering the six-month period ended 30 September 2022 on Tuesday 18 October 2022.

"...In the meantime, Accesso looks to be a good-value investment, with its price-to- earnings ratio standing at a reasonable 11. Recession could trigger a rough ride for shareholders, but, long term, the digital push in events makes Accesso a worthy buy."

https://www.thetimes.co.uk/article/jump-the-queue-to-invest-in-accesso-tcjswpklb?shareToken=a3cffbd717648f90929f7f0deb6b742a

No sign of Martin Davis.

https://twitter.com/NasdaqExchange/status/1567865707341168642?t=xNzdghTE6AtAh_7DA27Bbg&s=19

Just hoping that this raises additional US interest and investment.

"Molten Ventures and 19 portfolio companies have gathered at New York's iconic Nasdaq building to share ideas and learn about European tech trends. A bell will be rung (at 9:05 am EST), exposure will be gained and nets will be worked...

There aren’t too many things better in life than a gathering of the clan; or in the case of many a VC firm, the CEOs of a number of your portfolio companies. Today, London-based, European tech ecosystem backer Molten Ventures is doing just that. Just not in London...

...But not just any New York City address will do, as Molten is bringing together 19 of its portfolio companies including Berlin-based Clue, Bucharest-based FintechOS, Cambridge-based FocalPoint Positioning, and Dublin’s Manna at Nasdaq.

Thumbing through the selected portfolio companies, it’s clear that Molten is promoting the widest possible opportunities for the cross-pollination of ideas, learnings, and opportunities. With enterprise and SaaS, consumer tech, digital health, fintech, climate tech, and a personal favourite of mine, hardware-focused deeptech companies all on hand, the gamut is covered..."

https://tech.eu/2022/09/08/molten-ventures-and-19-portfolio-companies-gather-at-nasdaq

20.57% against is pretty significant. Seems that shareholders are not convinced that management are doing enough to keep the shareprice healthy.

https://www.marketwatch.com/story/molten-ventures-remuneration-report-resolution-gets-low-votes-at-agm-271659533504

Good article...

"Christoph Hornung, a partner at London-based VC Molten Ventures, is known across the firm as the record holder for most funding deals closed per year. Coming from an entrepreneurial background that includes a two-year stint at Rocket Internet, Hornung has made nine investments in about 2.5 years at Molten.

"I think I got a bit lucky with the German-speaking market, because it offers a lot of opportunities," he said. "There are plenty of very interesting companies that are now reaching the Series B stage."

https://tech.eu/2022/08/03/christoph-hornung-molten-ive-got-lucky-with-the-german-speaking-markets/

...looking more closely, the value of the deals has some way to go to match the quantity of the deals in the league table but that should grow in time

K3 Capital's performance in Refinitiv's H1 2022 Mid-market M&A Review. Worth noting that this Bolton-headquartered company closed more than a deal every working day in H1, beating the likes of Goldman Sachs & JPM globally, KPMG & Deloitte in EMEA and absolutely everyone in the UK.

https://thesource.refinitiv.com/thesource/getfile/index/febb446b-719a-4a11-9fc6-b86ec4042743

K3 Capital continuing to do excellent business.
Refinitiv’s H1 2022 report names them as the UK’s most active business sales adviser.
* Completed 149 deals, 50% more than nearest competitors
* 3rd in Europe, 7th worldwide
* Top of Refinitiv rankings
* Undervalued IMO
https://www.linkedin.com/feed/update/urn:li:activity:6953701412077756416/

Very good long article in the Telegraph titled "The biggest high street brand you’ve never heard of (With its flattering fit and vivid prints, Sosandar is bringing sexy back to midlife women)."

"It is a thoroughly modern brand, selling affordable designs online only and through e-commerce partnerships with M&S, Next and John Lewis – and women today seemingly fall into one of two camps: they either love Sosandar, or they have never heard of it."

It has interviews with Ali and Julie, a backstory of the company and lots of photos. Even most of the 49 comments are pretty positive. It almost reads like an advert but thankfully it's not.

It's behind a paywall but I signed up on a free subscription to read it:
https://www.telegraph.co.uk/fashion/shopping/biggest-high-street-brand-never-heard/