We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
https://www.gov.uk/government/news/bold-new-strategy-to-fuel-uks-world-class-space-sector
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 .
All the rises so far have been based on very little, I'm banking on this getting to 100% or more within a couple of years.
Same thought UH - probably taking the 20% profit…
I’d be happy with a £400,000 profit!!!
I looked before the last one was posted… anyway the sp didn’t react and we didn’t get an RNS so happy days… had me worried though
Same thought UH - probably taking the 20% profit and also realised the gains are slow and not getting the traction as it was hyped pre-IPO.
Personally, the slow rise is welcomed - rather than huge gains in short periods and big dumps and so forth.