Constitutes 12% of nav but, imho, prob offers the most upside over the medium term as we holds a bigger % of a smaller entity.
Reading, UK – March 11, 2025 – ALL.SPACE, the leader in multi-orbit, multi-link SATCOM solutions, announces the first operational deployments of its Hydra 2 (formerly known as S2000) and Hydra 4 terminals, now delivered to the U.S. Navy and U.S. Army. These deployments mark a major milestone in defense satellite communications, ensuring unparalleled resilience, connectivity, and security in mission-critical operations. |
I joined in here based on the defence exposure. |
Interim's webcast: |
15/03: "With the launch of the Generation 4 satellite, ICEYE continues to lead the innovation in the SAR satellite industry. As we aim to be the primary provider of critical infrastructure for intelligence, surveillance, and reconnaissance (ISR) to allied nations, our SAR development serves the growing demand for space-based technology in the global defense markets,” said Rafal Modrzewski, CEO and Co-founder of ICEYE. |
 Space trust waits for defence boom to put a rocket up the shares
Seraphim looks to ‘trumpet its potential’ as Europe ramps up military spending to support Ukraine after Donald Trump upended the world order
The manager of a London-listed investment company focused on military applications in space said it was “incomprehensible” that investors had failed to buy in to the company after the announcement of huge increases in defence spending. Mark Boggett, who manages Seraphim Space Investment Trust, said that while other defence-related stocks had enjoyed large boosts to their share prices, the Seraphim price had hardly budged. “We are doing everything we can to trumpet our potential,” he said. The SSIT share price started to react on Thursday, adding 2¼p, or 4.2%, to close at 55p, valuing the company at £134m.
Boggett said 78% of Seraphim’s net asset value was invested in companies either wholly or partly in defence-related activities. Its biggest investment is in Iceye, which operates constellations of radar satellites that can produce high-resolution images at night and in any weather and is being used by the Ukrainian military. Other big defence-related investments included Allspace, which supplies antennae capable of receiving signals from multiple satellites at the same time and could play a part in navigation when alternative GPS systems are jammed.
Complete article: |
Interims tmrro, with webinar: |
ASTS news yesterday also involves one of our promising privates - Leo Labs... |
Thanks re. asts c3479z1, worth a penny at least.
small hit from currency last couple of days - q1 NAV was based on end Sep, but I had been working from currency adjusted (ie more like 98p at c. 1.26fx)
I have no sense of movements in remaining holdings.
I take the point about not caring about quarterly NAV, but it may move the price 2-5p, and there are so many other things to invest in (STB, ONT, a whole bunch of PE investment trusts, etc), so I tend to trade SSIT, looking to buy close to 50p and sell close to 60p, acknowledging that a jump to 80p (15-20% chance this year?) or a drift to 35p (10% chance this year) could happen, and hurt. |
asts moving up |
But it's not just the defence sector that's interested in Xona.
Carmakers Invest in Space... |
Re defence spending - our promising alternative GPS company wins US DoD trial contract: |
Thanks, Rambutan. It's an astonishingly large price move from a single podcast, but good on them for finally finding an effective way to get their message out.
I think they are also benefitting from the prospect of increased defence spending, so this message has come at a very good time. |
How about post 468! |
Up neary 20% over 4 days, on no obvious catalyst. Has there been news about a specific holding?
I am not complaining about the rise, but would prefer to know why! Ideas welcome. |
Life in the old girl yet |
We can be confident the likes of ICEye are potential multi baggers. His comment about short term upside to SSIT from opportunistic takeovers of some of these portfolio as opposed to even greater upside in allowing these companies to mature / multibag over a few years is valid. |
Agree was a good listen. Much more "promotional" than is usually the case on moneymaze. Simon Brewer must have really liked the story/opportunity. The podcast has quite an influential listenership, so perhaps a few will be persuaded to dip their hands into their ample pockets and bag a bargain whilst it's on offer. |
hxxps://www.moneymazepodcast.com/podcast/mark-boggett
35 mins in - well worth a listen |
I’ve no idea why people are worried about the quarter to quarter NAV. The portfolio companies are either winners on a 5 year view or not. If that’s not for you why would you invest in SSIT |
I tell a lie sorry. Although SSIT valued ICeye at the series E in the June accounts, they had written it down in Q1 which I missed, so now the same as Molten Ventures in movement. Not a big write down in the scheme of things but it would be good to hear their side on the business. Molten is also pretty opaque in it's disclosures, I expect some more write downs from their core. Chrysalis would be the only one I would say reports what I am comfortable with validating on the valuations. |
ah bless.
poor little lamb. he doesn't know where to look |
I cannot find details of the write down of iceye by grow, they had a series e in q3 surely that is the valuation being adopted by both portfolios ? |
Thanks rambutan and peterrrrrrr
Molten (GROW) is interesting. Peter do you see it as having more upside or less downside than SSIT on, say, a 12 month view? I note its discount is bigger. I don't yet know its mix.
ASTS' jump puts maybe 1% on the end Sep NAV, but as of end Dec it will cost 1% vs Sep.
Is anyone able to see what would happen if SSIT marked ICEye to the same level as GROW, given it is 20% of SSIT NAV? |
Molten Ventures wrote down Iceye when SSIT didn't. It would be good to get a feel how they are actually tracking next month. In fact lots of interesting tech, but despite lots of my digging and numerous contract wins and accolades across the whole portfolio I am none the wiser which if any are actually profitable now or have a profitable business model. Hence I have only limited exposure here. |
Interims out next month - the 13th.
Mr Bogget sounded upbeat in last fri presentation (link below). Of partic note was his admitting of the fact that 9 of the top 10 holdings ie most of the nav, are in reality defence plays. With the majority of their income coming from governmental national security departments.
It's also well worth listening to last week's podcast, with largest holding ICEYE as a guest. Lots to like imho. |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
