| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 28.68 | 5363 |
| Intrinsic value (DCF) | 0.40 | -24 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
Tiger Royalties and Investments Plc (LSE: TIR) is a London-based venture capital firm specializing in early-stage, incubation, and seed financing within the minerals, oil and gas, and natural resource exploration sectors. Formerly known as Crediton Minerals PLC, the company pivoted from gold exploration to a diversified investment model, targeting both public and private companies globally. Tiger Royalties focuses on firms leveraging new technologies in resource extraction and development, with typical investments ranging between £0.15 million and £0.3 million. Operating in the Financial Services sector under Asset Management, the firm primarily invests through equity, positioning itself as a niche player in resource-driven innovation. Despite its small market cap (£755,481), Tiger Royalties offers exposure to high-risk, high-reward opportunities in undercapitalized segments of the natural resources market.
Tiger Royalties presents a speculative investment opportunity with significant risks. The company reported negative revenue (£-129,755) and net income (£-403,242) for FY 2023, alongside negative operating cash flow (£-114,458), reflecting its early-stage investment focus and lack of current income streams. With no debt and minimal cash reserves (£53,876), liquidity is constrained. The firm’s beta (-0.081) suggests low correlation to broader markets, potentially offering portfolio diversification, but its micro-cap status and lack of dividends limit appeal to conservative investors. Attractiveness hinges on the success of its resource-sector bets, particularly in technology-driven ventures, but the absence of profitable exits or royalty streams to date raises execution risks. Suitable only for investors with high risk tolerance seeking exposure to speculative resource-sector innovation.
Tiger Royalties occupies a niche within venture capital by combining natural resource sector expertise with early-stage technology investing—a rare hybrid approach. Unlike traditional mining-focused royalty firms (e.g., Anglo Pacific Group), Tiger targets pre-revenue ventures, offering first-mover access to disruptive technologies but with higher failure rates. Its competitive disadvantage lies in scale: with <£1M market cap and limited capital deployment capacity, it cannot compete with larger resource-focused VC firms like Sprott Resource Lending Corp. The firm’s edge stems from its sector specialization and ability to identify under-the-radar opportunities, but this is offset by lack of diversification and dependence on few successful exits. Unlike peers with royalty streams (e.g., Sandstorm Gold), Tiger lacks recurring revenue, making cash flow volatility extreme. Its London base provides access to African and European resource deals, but US/Canadian competitors benefit from deeper capital pools. Success depends on leveraging its UK regulatory flexibility to structure unique deals, though current financials show no evidence of this potential being realized.