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Thank you for the reply Littlened.
However, I was hoping to find out what % EWI owns of SpaceX?
I'm assuming its well under 1% but it would be really useful to know.
PD
Spacex was 9.1% of EWI at last report
Hi,
a recent article has suggested that a recent secondary share sale in the private market implied a nearly $150 billion valuation recently for SpaceX, while Ron Baron, an early investor in both Tesla and SpaceX, has suggested that SpaceX could be worth around $500 or $600bn by 2030. See link:
https://www.msn.com/en-us/money/companies/ron-baron-says-tesla-s-valuation-can-hit-4-trillion-but-spacex-has-a-chance-to-be-even-bigger/ar-AA1jcU91
Does anybody know what % EWI holds in SpaceX share capital?
thanks
PD
The final frontier - James T Kirk
And...
According to @BryceSpaceTech, SpaceX lifted nearly 10 times as much mass to orbit in the second quarter of this year as its closest competitor, the nation of China.
Elon Musk tweet today -> Don’t wanna jinx it, but @SpaceX is tracking to lift 80% of all mass to orbit, China ~10% & rest of world ~10%.
That discount is disappearing. Nice to see.
Should be helping move the NAV and share price considering OCDO multibag performance of late (acknowledge it was massively down but that was yesterday's news :). Still at 20% discount to NAV.
The stars are aligning, an IPO of one or more of the private companies would help, but things are starting to look more positive.
Just needs to clear 160 and it's off to the races. I guess this is less popular than SMT as it's the smaller companies it goes for. Still SpaceX is a core holding (7.8%) and that'll IPO at $150bn in a year or so:)
Bought in today, most of the stocks in the trust are oversold, add in the discount to NAV and the great team at BG I think it's as good as many time to load up, macro be damned :)
Woodstock1970
good summary and recent events have made things worse... at least BRWM doing well and demand for minerals
Boy this is a quiet board no post since last May lol
For anyone interested , EWI was one of the first purchases I made when setting up my SIPP back in Feb 2020. Covid struck, my pf got battered and, shell-shocked, I took the gamble I of selling all my funds/trusts and buying individual (covid-hit) shares instead
Now tempted to shift some of the stock profits back into here…after the roller coaster of the last 2 years , it would be sweet to get back in at price below they pre-covid price of 218p again!
Ps this is currently trading a a discount to NAV (6% at time of writing). This hasn’t happened since 2017.
According to today's RNS BGCG plans to offer an extra 10% share capital at a small premium. Is this like a mini "Rights Issue" ? I can't understand why they don't just keep issuing shares like most ITs do. What's going on?
Think of investment trusts like a normal company. They have cash balances (or equivalents) for short / medium expenses. They take the fee from this (or as has been mentioned, by selling shares to raise money).
Thank you
Montechristo; the cash to pay the fees to the fund manager is "built up" in the usual way. The trust sells some of its' investments to cover them, unless it happens to have sufficient invested cash sitting in the bank.
Because EWI invests in a lot of plc's that don't pay dividends, it says in its' annual accounts that it will likely have to continue to sell small amounts of assets to pay the manager, because it's most unlikely to have the cash on hand from any income.
Unsure as to why we had quite weak day even with US Tech up?
Thanks for you reply, but tell me how is the cash built up if the money is put into equity?
The fees are taken from our cash. Dividend or no dividend, the charges will always be deducted before any divi is paid.
I'm new to investing in investment trusts. I tried looking it up but cant find the answer I'm looking for. Am I right in thinking the fees for trusts are taken out of dividends? if they are what happens when a trust doesn't pay dividends like this one?
JepG - why buy EWI when they are only at a 1% discount and SMT is at a 9% discount??
Afternoon all, just looking at the most recent factsheet update from BG. Quantumscape seems to be missing from the Edinburgh trust. Have they sold it and I've missed that?
Thanks in advance.
Can be a bit lumpy !
I’ve got both SMT and this bought EDW first but they are both now ore or less 22% up from nov / dec
Very happy with them.
Also bought the China growth in my pension and that’s up about 25% over same period although it has a bit of a premium to NAV that one
It's still performing better than SMT.