In its trading update, Molten Ventures announced that its H123 NAV per share is expected to fall to not less than 830p (H122: 887p), 12% below the FY22 NAV/share of 937p. This corresponds to a 17% fall in gross portfolio value (GPV) on a constant currency basis, a net fall of 12% after reflecting exchange rate gains. In turn, GPV is expected to be not less than £1.45bn (FY22: £1.53bn). The falls in valuation were cushioned by the vast majority (c 90%) of Molten’s holdings being structured as pre ....
04 Nov 2022
Molten Ventures - NAV reset reflects falls in public markets
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Molten Ventures - NAV reset reflects falls in public markets
Molten Ventures PLC (GROW:LON) | 220 -3.3 (-0.7%) | Mkt Cap: 415.4m
- Published:
04 Nov 2022 -
Author:
Richard Williamson -
Pages:
2
In its trading update, Molten Ventures announced that its H123 NAV per share is expected to fall to not less than 830p (H122: 887p), 12% below the FY22 NAV/share of 937p. This corresponds to a 17% fall in gross portfolio value (GPV) on a constant currency basis, a net fall of 12% after reflecting exchange rate gains. In turn, GPV is expected to be not less than £1.45bn (FY22: £1.53bn). The falls in valuation were cushioned by the vast majority (c 90%) of Molten’s holdings being structured as pre ....