Mr Castle, please enlighten us. |
I imagine you are a popular poster on here Mr Castle. Not |
£5 on iweb. Seems pretty small to me. |
 In relation to ScoMo's holdings in SpaceX and the SpaceTech sector, the following market/sector update from SSIT who gave their interims yesterday is very interesting:-
Interim results yesterday:-
SERAPHIM SPACE INVESTMENT TRUST PLC
(the 'Company' or 'SSIT')
Interim Results
Seraphim Space Investment Trust plc (LSE: SSIT), the world's first listed SpaceTech investment company, announces its interim results for the six-month period ended 31 December 2024 (the 'Period').
The interim report can be found here. A summary is set out below.
Will Whitehorn, Chair of Seraphim Space Investment Trust plc, commented: 'Amidst the current tumultuous times on the global front, one thing stands clear: that space will increasingly be at the forefront of government defence spending in both the US and Europe.
The new US administration has signalled its enthusiasm for innovative commercial providers to drive both the lofty ambitions for manned missions to Mars and greater efficiency in defence spending.
At the same time, the uncertainty around the US's willingness to continue supporting European security, including in the conflict in Ukraine, is spurring European nations into increasing defence spending to levels not seen in decades. The prospect of Europe potentially no longer being able to rely on the US's intelligence and communications capabilities for its security plays directly to the pressing need for Europe to develop more sovereign space capabilities as quickly as possible.
Our portfolio is positioned to play a key role in this. Our three biggest holdings, ICEYE, D-Orbit and ALL.SPACE, are all European companies with world-leading capabilities that are already being procured by departments of defence in both Europe and the US.
Notwithstanding the turbulence in world events and the resulting volatility in public markets, we anticipate that the year ahead should be one of great opportunity for our portfolio.'
ALL IMO. DYOR.
QP |
The only fees are 0.5% stamp duty & - depending on which platform you use - a relatively small commission.
These can very easily be recouped - and some - if you occasionally decide to trade SMT. I know because I’ve done it several times! |
This isn't a trading share after you've paid the additional fees |
Whilst I do view SMT as a long term holding I do still buy and sell fairly frequently. I've been using it almost as a holding fund for the past year, selling some when an opportunity arises elsewhere and buying to top up when it falls. It's a strange one for me because I don't chart it as I do other stocks, yet buy on the gap fills. 990, 972, 959 lately with 922 to come. Clearly these buys don't look great at this point and it's possible my funds and enthusiasm for the stock could run done before the bounce. Still better to be in than out though when the next big thing rockets. Excuse the pun |
I can understand a sale and buy back, I do it myself on certain holdings. I hope to do it here as I was lucky selling close too recent high and will likely buy in again at some point.However, where the buy back is less than a 5% gain, I don't see it worth the effort. But as I say, if it works for you, good luck. |
uhound - whilst SMT's marketed as a long term investment, there's a fair bit of scope to average down.
One look at the chart shows a share price that's volatile, frequently experiencing quite sharp spikes & corrections. I've averaged down a few times over the years, though I always set a 10% gap between sale & re-purchase price, so any stamp duty, commission & potential missed dividends are more than offset. |
Each to their own. Good luck. |
If I was not so underweight tech, I would have waited longer before buying back, in the hope of a lower price. I don't want to be out of SMT if and when the market snaps back.
As It is, I am a long term holder of SMT, the market is volatile, and I was happy to take the opportunity to knock a few per cent off my capital invested while maintaining the size of the holding. It is the third time I have done it since starting the position a year or so back. Even a small return on the round trip adds up if repeated a few times. My return is significantly better than if I had simply held through the spikes and dips. |
I think your strategy needs revision!Why sell when you intend to buy in again so soon? |
I sold out at 999 a week ago and bought back this morning at 951.
Didn't get the top of the market on the sale and I am probably nowhere near the bottom on the repurchase, but this is the third time I have sold out and bought back lower, so my capital committed is coming down.
I don't have much tech in the portfolio, so this is a convenient stock to provide a bit of balance. I want a drop to 850ish before I am minded to increase the size of the holding though as tech still seems pricey to me. |
Starlink loses its contract with Ontario over Trump tariffs |
arja - SMT has consistently traded at a discount to NAV for the past three and a half years.
Whilst this can be a good thing, allowing buyers to accumulate below asset value, there’s no guarantee the discount won’t subsequently widen rather than narrow.
Too great a discount can also lead to speculative hedge funds (like Elliott or Saba) swooping in to shake things up.
In the case of Elliott, this has been positive for SMT, encouraging its fund managers to go on an aggressive buy back scheme which helped narrow the discount. But it isn’t always beneficial. The hedgies are only interested in short term gains, which often come at the expense of longer term performance. |
have not followed this stock since I departed from UK early last year but notice it has a lovely short term uptrending chart and more it i think . I see that it now TRADES AT A discount to NAV which is a good thing as not always the case . |
QP- agreed; they continue to impress both with their efforts and broadly with their results. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
