#CHRY so Numis think NAV here could be 39% (59p) more than the stated NAV (147p) vs the current sp (89p). Good to know that I am not the only one who has gone mad.

Good weekend all. DYOR

#CHRY I still think the shares are worth at least £1.77/share before including the impact of any share buybacks at the present discount. In my view Starling is worth way more than £2.5bn (which it was valued at in 2021) but I will leave that debate for later. I am relieved that…

cityam.com/monzo-valued-a…

#CHRY Monzo now valued at $5.2bn (£4.1bn) after latest fundraise. Rival Starling is in Chrysalis's books for £1.75bn. #CHRY more profitable with almost 2x deposits. Both will release their annual reports within the next 8 weeks. If Starling ever got to…

marketwatch.com/story/affirms-…

Excellent read across to Klarna. Affirm is a $11bn+ market cap rated on 11 times 2023 Gross Profit. Klarna will follow soon with its quarterlies. If they can achieve similar growth scale then gear up for a blockbuster IPO in Q3.

#CHRY

bloomberg.com/news/articles/…

Relevant to both #CHRY and #GROW . Softbank emerging as the willing party to acquire Graphcore.

London’s Share of European IPO Volume Has Slumped to Just 2% bloomberg.com/news/articles/…

The group has 99 members now, way more than I had anticipated. If I have missed anyone then please let me know #CHRY

adage.com/article/digita…

#CHRY very interesting read on Brandtech and what they are doing. Already topping $1bn in turnover p.a. with a 24% increase in turnover last year and recently valued at $4bn. Wonder why #CHRY left it at $2.7bn and not taken the inevitable 7p uplift to…

citywire.com/investment-tru…

#CHRY 'Chrysalis could be a bargain on a 45% discount and will almost certainly rerate sharply if it achieves a material exit. There is still an unnamed – but heavily tipped to be Graphcore – disposal in the works.'

#CHRY New note from Zeus echoing what I have been saying here. Starling valued at £1.7bn vs £4bn for Monzo which is less profitable with lower deposits. The upside potential here is huge to say the least.

DYOR

#CHRY I don't want to bore people on my feed talking about it (as I have been doing a lot of it in the last month) so I am creating a group on X to share my thoughts/research on Chrysalis and its investments. Drop a comment if you would like to join.

#CHRY #GROW Interesting times ahead. A rate cut would be super bullish for these beaten down venture caps. I have placed my bets accordingly. Expect UK inflation to fall significantly below 2% in the upcoming months.

#SQZ Surely have the firepower with their RCF. One thing is for sure, can't see Mercuria diluting themselves further. Interesting this.

#CHRY I still think the shares are worth at least £1.77/share before including the impact of any share buybacks at the present discount. In my view Starling is worth way more than £2.5bn (which it was valued at in 2021) but I will leave that debate for later. I am relieved that…

A very good read. Seems like the story in the UK is much different to the US. CPI could be closer to 0 by next year if the BOE does not start cutting rates soon. Looking forward to the April CPI figures later this month.

UK inflation: From too high, to too low? -…

#CHRY they are looking to get a short term debt facility to start buying back shares sooner. Whilst I am not a fan of taking debt to buy back shares but with a discount this wide (45%) I understand the tempation to do so. If Klarna IPOs later this year then this could look to be…

#CHRY NAV 147p vs 82p sp. They are still undercooking it. They have got Starling in the books for £1.7bn( made no mention of Monzo's fundraise), didn't take the 6p uplift on Brandtech fundraise, still valuing Klarna for $12bn in the books as opposed to $20bn rumoured IPO. They…

#TRIN Finally being taken out of its misery. It has been a shit show and it is a poor offer. I am glad to have finally taken it off my watchlist.

#CHRY This is an excellent blog for those interested in Digital banks and how they are performing. Starling had almost double in deposits vs Monzo last year and their ARPU was almost 3x Monzo. Both Monzo and Starling have a March year end and both will produce 2024 results within…