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Draper Esprit's value gap

The venture capital group has a strong track record and good recent momentum, although its shares trade at trailing book value
Draper Esprit's value gap

Intuitively, investors know many of the greatest growth stories are to be found among early-stage technology companies. Of course, knowing something doesn’t make it useful. And for retail investors, the gap between public and private markets can sometimes feel like a massive, inaccessible (and very lucrative) party. Getting a ticket seems to be getting harder: the oceans of private money washing around the global economy mean early-stage technology companies are delaying any entry to publicly traded markets for longer.

IC TIP: Buy at 461p
Tip style
Value
Risk rating
High
Timescale
Long Term
Bull points

Ahares trade at discount to NAV

Strong investment track record

High portfolio potential

Excellent network

Bear points

High risk/reward stakes

Lumpy divestments

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