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Article from Investment Week:
https://www.investmentweek.co.uk/news/4040719/seraphim-space-trust-value-technology-battle-climate-change
Yes, a good and positive update.
Sadly, I sold here as in the throws of a house sale and needed funds from outside my ISA to cover expenses for the next few months, but a decent gain in a short space of time.
I will definitely be buying back in here using my available ISA allowance upon completion though as I see plenty of scope for growth, and the sky is not the limit here!
gla
See todays RNS. All looking fine.
Do you know when the NAV is due?
What’s the reason for the jump?
The news that SSIT has appointed Sir Richard Branson's former chief investment adviser Andre Ronsoehr as investment director, effective immediately.?
I am still eagerly awaiting news on the NAV....
No big deal richred - better late than never - sit back and enjoy the ride like William Shatner haha ;)
It's a bit depressing when the investment arm of the UK government is so late in filing it's holding %ages!
I suspect someone prompted them seeing as today's RNS's relate to %age holding at flotation, then on the transfer of Spire & Arqit.
www.fool.com/investing/2021/10/01/why-spire-global-stock-just-crashed-455/
And the reason
Not sure why, but Spire has tanked today - over 40% down at $7.10 from last night's close of $12.50. Will see if there's any reason I can find.
Good catch on the RNS - I missed that yesterday! How annoying that they have switched from reporting the cost in USD (the stock's quoted price) to GBP meaning we have to estimate an exchange rate. Quite a bit more than my rough estimate, but that's not unsurprising given the huge swings in the first couple of days of trading, and as you say, not a bad return at all $31.57 close last night, so a touch over 100% return. To the mooon ;)
Ip3, I couldn't agree more. This could well be an absolute genius investment. Iv just cleared some stale shares elsewhere I had to pump a bit more in as this is still early days. Would be nice to look back at this in several years time and think 'wow we were in from the start '. You got to have a dream. Best of luck all
Looks like the cost was about $15.4 per share (£27,328,785.50/2,421,634 * 1.3656), still not a bad return given today's price.
https://www.proactiveinvestors.co.uk/companies/news/960930/seraphim-space-it-completes-arqit-quantum-deal-960930.html
nice uptrend,on here.
Arqit closed at 24.98 yesterday. Happy days!
It will be interesting to see what it is.....
This share is like a sleeping giant in the making - and enjoy watching what unfolds of this and the industry in general.
Much appreciated richred_uk for the info. and love those ‘measly’ returns ;P
P.S. Currently a measly(!) +23% ROI for those that got in at IPO stage lol!
GLA & ATB! Have a good weekend!
Thanks for all this Rich. Most illuminating
As with Spire, I looked at the closing prices and volumes on google finance to come up with an estimate of what the IT will pay the VC for the shares.
ARQQ • NASDAQ
Arqit SPAC Closing Vol (k)
07-Sep 11.3 3,500
08-Sep 14.01 15,000
09-Sep 14.2 1,700
10-Sep 15.21 1,000
13-Sep 14.98 619
Strict average is $13.94, volume weighted is $13.6726, but there were some wild swings in the first couple of days, so I'd not be surprised if our price was a fair bit different. On Spire, my estimate was about $0.10 low.
As I type, ARQQ is $15.05, so about 10% up on what I estimate we paid. That'll do for a week's trading :)
I finally got around to checking the Spire price paid vs my calcs.
I had our price as being likely to be around $9.12, and according to the RNS, it was 1,105,520 shares for $10.2M which is $9.2264/ share - likely to be very slightly different as the 10.2M will be rounded. As I type, Spire is $12.71 - a measly 38% return in about a month. Long may our managers make that sort of return. I'll do my Arqit estimate in a minute.
I think that todays rise despite the apparent big sells just goes to show what a great price we have managed to enter this share at. Could be a big winner over the long term. Fingers crossed .