Molten Ventures reported a c 11% decline in NAV per share to 837p in H123 versus FY22, broadly in line with its trading update in early November. Its gross portfolio value was down 17% in constant currency, partially offset by a 5% positive foreign exchange impact from a stronger US dollar. While the enterprise values (EVs) of its portfolio holdings were marked down on average by c 35% (primarily in response to the softening valuations across public equities year-to-date), we note that the portf ....
09 Dec 2022
Molten Ventures - High emphasis on capital preservation
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Molten Ventures - High emphasis on capital preservation
Molten Ventures PLC (GROW:LON) | 238 12.4 2.2% | Mkt Cap: 449.6m
- Published:
09 Dec 2022 -
Author:
Milosz Papst -
Pages:
8
Molten Ventures reported a c 11% decline in NAV per share to 837p in H123 versus FY22, broadly in line with its trading update in early November. Its gross portfolio value was down 17% in constant currency, partially offset by a 5% positive foreign exchange impact from a stronger US dollar. While the enterprise values (EVs) of its portfolio holdings were marked down on average by c 35% (primarily in response to the softening valuations across public equities year-to-date), we note that the portf ....