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As predicted set PT for 45p
Not going to lie looking like a head n shoulder this could go back to low 40s before running up past 65, thoughts??
Right, I'm not so glad now it's back to the price I sold at. Should have bought in again at 46p but hindsight is a fine thing ...
Get your not glad anymore
Anyone know why it’s jumped today ?
Why s[LINK REMOVED] when you know this will be going north of 75p a share in the coming months no later than october AGM.
Glad I did sell at 59p now.
When the price got to 65p last week I moved my stop loss up to 59p, now nervous about losing my holding, but best to protect capital. Thoughts anyone?
A good article today giving SSIT some spotlight in the Money Week magazine on-line and print, also extolling the critical nature of the space industry.
Yes, and over 60p today. I stand by my 80p prediction, being around 20% discount to NAV.
Cracking chart,since the end of those 20'S lows.
hell of a reversal.
Some mainstream media coverage this weekend. Hardly a glowing advert for investment, but it will at least reach a decent audience
https://www.thisismoney.co.uk/money/investing/article-13047377/Seraphim-Space-gain-fund-investment-trust-january.html
SSIT holding Spire Global(SPIR) closed with a rather healthy 27.36% gain on tonight's NYSE and has continued north after hours.
This is on the back of a strategic $10m investment into SPIR from Signal Ocean to drive Digitalisation of the Maritime Economy
https://ir.spire.com/news-events/press-releases/detail/211/spire-global-and-signal-ocean-collaborate-to-drive
Should provide SSIT with a fill up to NAV
As always DYOR
Well if the NAV is back over 100p from September's 96p, we should be looking at an SP of around 80p, at least.
Lucky me then only 23% down.
NAV needs to shift up before the SP goes over 55p. It's going to stay at a sizable discount until the mood improves. Need NAV boost.
Could it just be general interest following the Japanese moon landing at the weekend?
Not read too much about their mission so not aware if any of the funds investments were involved in the project.
Agreed, the rise is welcome and also just 50% down now
It is welcome- Now, I am only 50% down....
Does anyone know what caused the volume and price spike this morning?
Well done on anyone who bought in when it was lowest or topped up in Nov - nice 60% gain in 3 months :)
ATB.
The Newsletter issued today paints a very promising transformative picture of the space tech sector. I'm happy to be invested here albeit at an average of 68p after multiple buys at prices between 100p and 28p.
Further to my message, the sector index has fallen today, however SSIT, is the leading equity riser, which is a sign of relative strength. This fact, was what drew my attention to Seraphim.
Cup and handle price formation , three weeks for cup, and five weeks for handle, so measurable price target is 41.5.
Two volume inversions , together with highest volume , for a year, which validates the current bullish breakout , from the handle pattern. Overhead supply , from previous trading at 43. Volatility, is low as confirmed by a recent price bar, which encompassed most of the range between the two Bollinger bands, so increased volatility, can be expected to supercharge the current sp, breakout.
Thanks - sounds plausible. Liquidity does seem to be a major factor here. Average volume has been in the low 100k's for a while & it only took £1m or so of share repurchases to take the share price back to the high 40's so can only imagine what impact a larger volume of buying combined with lower selling activity will have. Given the cash is likely to only last 12 -18 months (and dilution of holdings becomes a real risk), the wildcard here seems to be how quickly and how much interest rates are lowered (and where the end up holding). If they settle at a rate of 2-3ish%, is the trust still going to be trading at a discount & unable to capital raise?