Member Info for Etotheipi

The irony of Augmentum's due diligence failing on a company providing due diligence services is killing me. Looks like a small hit, can't win them all!

It's a long term hold for me too, maybe a gamble but my research suggests that hydrogen has a serious part to play in the zero carbon mix. I've given up trying to second guess the market it's as much a mystery to me why this wasn't more popular and SSIT got off to a storming start.

Unusual, most ITs seem to keep about 15% to help with liquidity and for tap issues.

Disappointing that the target of £250m was missed, £102m acheived, but maybe over time the momentum will build with further raises. Hydrogen is a really important part of the zero emissions plans, note Japan's promotion of hydrogen during the olympics, also the International Energy Agency are keen on hydrogen technology.

Gerry, if my memory serves me correctly then the plan is to go all regional office space, so sell industrial too. The trust is going to be diversified by region but not asset type.

ii seem to be promoting this IT but it's not a member of the AIC, any idea why?

https://investors.seraphim.vc/ should be the best place if you haven't found it already.

Existing shareholders who applied got 4 shares for every 19 shares owned, I've checked my ii account and this is what happened. Here's what I did: I took the pre-issue shares from the current amount and compared that to the pre-issue shares divided by 19 times 4. Should be the same number unless you applied for more shares that the entitlement.

Gerry, I agree, students definitely get the wrong end of the stick. I looked into buying a student property, I didn't but a friend did. Yields on student property in Liverpool are 15% to 20% before costs, where rental income is between 5% to 10% (where I live yields on residential rentals are 3% BEFORE costs). Instead I bought into ESP and sold out post COVID thinking that student accommodation would struggle to recover, it looks like the market thinks I'm wrong. There are loads of players in the student accommodation market due to the volume of international students studying in England, these numbers have been hit due to covid but it seems the market expects a revival. RGL are focussed on a different market, regional office space and sticking to what they know.

I still think student accommodation is a bubble and it's interesting that to see that HOME bought ex. student accommodation, I believe, to create housing for the homeless. I took that to mean the student accommodation is over supplied.

I've stuck with RGL throughout the covid crisis because I think they are well run have done great with rent collection and are well positioned for the office space downsizing and moves out of London.

Also, really excited about this IT, very convincing case put forward in the prospectus. One small step for my portfolio, one giant step for Seraphim. Sorry, couldn't resist it.

I'm no expert but I suspect that the NAV will increase or decrease in chunks when the valuations of holding companies change, I can't remember how frequently it will be for SSIT. The issue was oversubscribed so there's interest in the IT so currently trading at a premium. I've bought in for the long-term so I'm prepared for volatility but I'm expecting high percentage growth over 5 to 10 years. Probably need to take part in the inevitable future issues to avoid dilution. 2% increase is a nice start.

Bought into this IT pre-covid, been topping up and currently up 17%. They've made great efforts to engage shareholders, they have a good business model where they are paying less fees. Mostly, North American private equity which is where the bulk of private equity investing in done. And yet no comments on here.

That was a good tip.

DireEmblem, 239p seems about right, so trading on a small premium, 2%. Given this number is only based on rns the nav is probably a lot higher. Hopefuly should see sp rise between now and next nav update 1st Sept.

"The Company's carrying value of Wise, based on the number of shares at admission, equates to a Wise share price of approximately 511 pence. Per the announcement released by the Company on 6th July 2021, Wise accounted for approximately 8% of the Net Asset Value of Chrysalis."

So are they saying the current NAV values WISE at 511p? If so then currently looking at a 65% increase (WISE currently 845p). So 8% of the NAV has increased by 65%, meaning WISE is now 13% of NAV as 5% increase overall. So basically the NAV has gone up 5%? Surely the sp should move upwards?

I lead to believe that dilution not just about the dividends: "Share dilution is when a company issues additional stock, reducing the ownership proportion of a current shareholder." In this case 255m shares may end up being increased by 70m. I'm relatively new to this but I believe that to fair to existing retail shareholders they should have been offered the option to buy one issued share for every 4 owned.

"Singer, Panmure Gordon and Alvarium, as placing agents of the Company (the "Joint Bookrunners"), will use their reasonable endeavours to place the Placing Shares with institutional investors at the Placing Price. " No mention of HL, AJ Bell or ii, certainly not possible to take part via ii. It looks like the only option for retail investors is PB which is no good for a SIPP and/or an ISA (bed and ISA incures dealing charges and stamp duty as well as price risk with ii).

I looked into buying into this but disappointed to see that they are only issuing through PB and not the platforms. I think it shows a lack of respect for existing private investors who have holdings in ISAs and SIPPs unlike AUGM, ORIT, CHRY who have raised money recently and allowed existing shareholders to take part at a guaranteed level. Any ideas why they've done this?

Lanski, I coming around to that opinion too, if an IT are raising money to expand then they are likely to be doing well. Also, helps reduce dilution.

Mike, thanks for the clarification. Yes, I invested in the ipo. It's really difficult reading the whole prospectus, I tend to pick out the bits I think are worth reading, so in danger of missing important information. At the end of the day I have some faith in the regulaters and only buy ITs who are AIC registered or intending to.