Seraphim Space Investment Share Discussion Threads

[ec2] 04/4/2022 10:58

It's an interesting and useful piece in that it concisely pulls together the key information. Arqit, which is the large listed holding, is highlighted as representing 19.1pct of the 31Dec21 last published NAV making it the biggest holding in the portfolio. I think it would have been worthy of mention that the Arqit share price has since fallen 35pct to 31Mar22 which is the next date for NAV calculation. The other two listed stocks in the portfolio are of insignificant size.

[quepassa] 04/4/2022 07:32

Excellent piece of research just out by highly-regarded Edison who have initiated coverage on Seraphim:

hXXps://www.edisongroup.com/publication/space-tech-enabling-a-new-industrial-revolution/30693/

all imo. dyor.
qp

[sf5] 24/2/2022 10:29

Was quite a confident investor Zoom yesterday - strong pipeline but admitted their few quoted holdings have dropped a lot recently. It's very much early-stage. Their accelerator program sounds interesting in terms of giving them first-dibs at successful start-ups. One question was on how hard-nosed they are at stopping follow-on investment in companies that aren't delivering.

[ec2] 24/2/2022 10:24

Sold back out at 106.22. Not prepared to take the risk or a loss.

[quepassa] 23/2/2022 16:20

Strong figures.

[ec2] 23/2/2022 15:40

Back into these at market open this morning at 103.886p following the interim results announcement. They seem will positioned going forward to take advantage of upcoming opportunities with 26% (GBP 65.8m) still available in cash. I didn't get chance to dial into the investor call at 11am, I wonder if anyone did and has any news. I assume the call was positive based on the subsequent share price performance.

[j4ckthehat] 11/2/2022 17:42

https://www.businesswire.com/news/home/20220211005506/en/Spire-Global-Awarded-8-Million-NOAA-Contract-to-Deliver-Satellite-Weather-Data

[quepassa] 01/2/2022 13:02

So much got caught up in the vicious downdraft of the recent tech sell-off.


There's tech and there's tech. Not all tech is the same.


A 10% bounce does not surprise as bargain-hunters surface.


All IMO. DYOR.
QP

[ec2] 01/2/2022 12:53

Been some big volume in these this morning, but fully valued for me in this market so I've sold out at 111.25.

[davidro77] 01/2/2022 12:22

Wow - 10% up in a day, surely that's unheard of for a trust? Anyone know what's behind this aside from a rally in underlying assets

[the millipede] 28/1/2022 22:50

Major Spire shareholder sells out on 31 December and reports today.

Anyone know if that is normal for the USA?

If this were a British company people would go bananas.

[the millipede] 25/1/2022 10:44

That sort of NAV would be good EC2 and would make the current share price relatively attractive IMO.

The listed holdings are marked to market but not clear on which date. Their prices (Spire, ArQit and AST) have been all over the place since end September, but mostly down, sadly.

[ec2] 25/1/2022 10:20

I'm seeing 28/2/22 as a provisional date. BTW, I am crudely estimating current NAV at somewhere between 96p and 101p. That's purely based on movements in the NASDAQ less uninvested cash, and not the actual underlyings. NASDAQ only down 4.5% since 30th Sept but greater percentage amount when subsequent later investments made.

[the millipede] 25/1/2022 09:52

Any idea when an updated NAV will be released?

[ec2] 25/1/2022 08:21

Thanks for your speedy validation. Our thoughts are the same around the NAV impact.

[jonwig] 25/1/2022 06:55

I got the same figure. I thought it would be higher, which would make for a more secure valuation. So now much more of the nav is "at risk".

[ec2] 24/1/2022 21:34

Just doing some back of the envelope calculations on how much of the NAV is still in cash. I make it around GBP40m or 29%. I started with the end Q1 stated figure of GBP124m and deducted subsequent investments. I wonder if anyone can agree or makes it something else? Should really have done it before I traded today but was too keen to push the button. Many thanks in advance.

[davidro77] 24/1/2022 16:59

Fear is now driving this. Feels like outright panic at some points today, some truly spectacular falls out there. We've lost like a year of gains in a few days. And yet the indices are still riding high from a longer term view.....

[jonwig] 24/1/2022 15:38

The rout is pretty comprehensive. Index-linked gilts are sharply higher, and a few infrastructure funds are steady. Apart from that, I wouldn't be a buyer of anything until I knew what was driving this.

[davidro77] 24/1/2022 13:24

Too hasty IMO. Markets are getting ugly this could fall a lot further. Didn't expect it to go under IPO so quickly I wish I had more courage of my convictions and gone short rather than just sell LOL

[ec2] 24/1/2022 08:49

Taken a bit of a punt and gone back in today at 97.29 having sold out couple of months ago. See my post 110. These have been suffering from the double downside drag of the general move out of growth plus the high expectations premium re-rating.

[the millipede] 21/1/2022 13:48

News this morning.

[jonwig] 20/1/2022 15:16

Thanks - I have a USD account with ii so no FOREX risk on dealing. Also my W8-BEN is up to date. However, I rarely deal in US securities, as it's too much hassle to get the ongoing information and gossip.

[the millipede] 20/1/2022 14:38

It was for me Jonwig. There is a tax form that you need to fill in (basically a few questions about potential liability to US tax). If you are a US citizen there might be problems. Anyway the questions popped up on the screen the first time I bought shares.

You obviously get whatever exchange rate your broker offers, which is just something to bear in mind, and I think there was an extra £50 trading fee with HL.

There is also some quirk about the ownership structure that I can’t quite recall and certainly couldn’t explain, but it is irrelevant to the trading experience. To do with enabling crest settlement of US stocks.

[jonwig] 20/1/2022 10:19

So it could be a technical SPAC rules issue. ("Ethan" seems to be fully clued-up, as he points out, the SPAC technicalities can affect price action.)

Milli - my broker, ii can deal in the US, is SPIR a straightforward purchase?