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Molten Ventures PLC - London-based venture capital firm focused on technology companies - Expects net asset value and gross portfolio growth in its financial year ended March 31. Net asset value per share set to rise to 929 pence from 743p a year ago. Gross portfolio value to climb to at least £1.53 billion from £984 million, the company says. Available cash at end of March to grow to £174 million, compared to £161 million a year ago.
‘Molten is looking to expand our debt facilities, ensuring that the group remains well capitalised,’ the firm explains.
The company will release annual results on June 13.
Current stock price: 710.00 pence, up 4.2% on Thursday
12-month change: down 14%