Seraphim Space Investment Share Discussion Threads

[jonwig] 22/7/2021 06:08

Cheers hazl - I'll get round to Bamboo, working myway downthe list from an earlier post.

[hazl] 21/7/2021 20:16

Thanks for interesting posts.
Jonwig in particular.....very informative.

[hazl] 21/7/2021 07:22

Bamboo has been named a CRN Emerging Vendor for the second year in a row
#servers #technology #Armserver#datacentre #green #greendatacenter #energyefficiency

[hazl] 21/7/2021 07:16

I see that the Bamboo systems is the trust's largest holding.
Planet Watchers then Altitude angel next.

[hazl] 21/7/2021 06:37

Very interesting venture got a few yesterday.

[hazl] 20/7/2021 17:50

How an EV Truck Startup Is Gaining From the Blue Origin Launch

By Al Root
July 20, 2021 11:37 am ET

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Print Article

The biggest winner from Blue Origin’s successful space flight might just be the electric-trucking start-up Rivian.

The crew of Tuesday’s flight drove around, prominently, in Rivian trucks, giving the company the kind of free publicity that Tesla (ticker: TSLA) received when NASA astronauts drove in its vehicles to the SpaceX rocket that took them to the International Space Station in May 2020.

Why... CONTINUED

[jonwig] 20/7/2021 06:06

Portfolio companies: ALTITUDE ANGEL.


Founded in December 2014 by Richard Parker, Altitude Angel is an aviation technology company which creates global-scale solutions to enable the safe integration and use of fully autonomous drones into global airspace.

Our purpose-built cloud platform supports both U-Space and UTM, and delivers market-leading services to drone operators, manufacturers and software developers. Our innovative solutions for ATM enable them to access a rich source of real-time airspace, environmental and regulatory data which is expertly customised to the specific operation.

British, Reading UK.

News archive:

[jonwig] 16/7/2021 16:53

FT, Merryn S-W is excited but not shy about the risks. Conclusion:

The key point is this: Whitehorn tells us there is an “industrial revolution under way in space” that offers opportunities “out there above the atmosphere” and he’s right, just as there was an industrial revolution offering them below the ocean 300 years ago. But that doesn’t make it a safe investment.

When there is a lot of money chasing not quite enough opportunities, too many companies are started. Most will fail. Investors will sell out and make profits on the ones that do not go down too early but most will fail and much money will be lost (as it was when the bubble of the 1690s collapsed in 1697).

Stories really are just stories — not money. Something to keep in mind as you wonder whether to buy or not. I will be keeping an eye on the trust as a possible long-term punt. There will be a few big winners. I can’t pick them. Maybe, encouraged in part by an outrageous performance fee, Seraphim can.

[quepassa] 16/7/2021 07:25

Seraphim Space already up modestly 5% over just two days.

Respectable debut on the Main Market with more to come.


Space Tech is an important new investment arena.


Early investors will definitely get the pick of the crop before the hordes of copy-cat funds inevitably arrive.


ALL IMO. DYOR.
QP

[quepassa] 16/7/2021 06:56

Seraphim CEO interviewed by Proactive Investors two weeks ago.

hXXps://www.proactiveinvestors.co.uk/companies/news/954019/seraphim-space-investment-trust-set-to-rocket-onto-lse-with-a-july-listing-launch-954019.html

ALL IMO. DYOR.
QP

[jonwig] 16/7/2021 06:09

Portfolio companies: LEOLABS.

LeoLabs was founded in 2016 as a venture-funded spinout of Silicon Valley research pioneer, SRI International, by scientists and space industry veterans committed to securing Low Earth Orbit (LEO). LeoLabs is built on 30+ years of R&D in radar systems and satellite tracking algorithms. The team is rapidly expanding its global radar network and data services platform to help satellite operators deploy their services safely and to empower governmental space agencies with detailed visibility into the LEO ecosystem.



News items after June 2021 $65m Series B funding;





Lots more like these.

Financial profiles, fundraisings, etc. -

[limited free access]

NB: news today, further investment in LeoLabs:

[spectoacc] 15/7/2021 14:10

Likely take a few days to get the staggers out (was a big seller at 103 earlier), but impressive market debut so far, with no obvious listed competition.

[quepassa] 15/7/2021 09:20

Taken good size in IPO and further accumulating

[justnathan] 15/7/2021 08:11

That's it @jonwig and the £26.1m declared in the prospectus became £28.4m on the day of the IPO, and this was presumably due to the increase in share price of AST SpaceMobile between 31.5.21 and the IPO as your chart shows - it's the only listed equity in the Initial Portfolio. All exactly as per the prospectus.

[jonwig] 14/7/2021 17:47

Nathan - I assumed from the wording that it was the other way round. You're right, though - thanks for your input.

Page 53 of the prospectus has the same information, but with different headers.
Thus the 5.4% is labelled "Percentage shareholding in the Company" and 4.5% is labelled "Percentage shareholding in portfolio company".

This is the "Initial Portfolio" which had a total value of £26.1m at end-May.

The companies whose performance is most important to SSIT would seem to be LeoLabs, Altitude Angel and Planet Watchers.

AST Spacemobile is listed on NASDAQ:

[justnathan] 14/7/2021 15:51

Hi all,

I've checked those numbers in the prospectus @jonwig

There is no gearing.

The first column in your table shows the 'Percentage Holding in the Company' which adds up to 15.1% (the final number will have changed slightly because one of the Initial Portfolio Assets (AST) is already listed and will have changed in value between the 31.5.21 valuation and the IPO).

The reason this Initial Portfolio is only 15.1% is that there are 4 significant Retained Assets (Spire, Arqit, D-Orbit and Iceye) which will transfer into SSIT as their corporate actions complete over the period to 31.12.21 (all defined in the Prospectus). Then there is £150m of new cash out of a total fund of ~£250m. So say roughly 15% Initial Portfolio, 25% Retained Assets to transfer in soon and 60% new cash.

The second column in your table is the % shareholding held by SSIT in each of the portfolio companies.

Hope this helps!

Nathan

[spectoacc] 14/7/2021 14:33

Gearing the other possibility - gross assets, not net.

[jonwig] 14/7/2021 14:21

I think this is the Seraphim Space FUND's exposure, not the TRUST's, but I'll contact them.

[jonwig] 14/7/2021 13:43

badger - It does indeed! I copied it from the web without checking, which was a bit daft. I'll look into that when I've time.

[badgerbadgerbadger] 14/7/2021 12:05

Thanks for all the info jonwig! One note though, your % of portfolio seems to total rather more than 100? any idea why? Thanks!

[jonwig] 14/7/2021 07:17

Admission to trading;



178,414,562 Shares.

Just possibly, investors held back because of uncertainty about the risks. Over-subscription might then be a buy signal. 150,000 shares traded already.

[nw99] 14/7/2021 07:15

Quality new issue