Member Info for richred_uk

ahhhh good catch - I'd missed/ forgotten that. Off the top of my head, I'd like to see £200-220M revenue and bearing in mind the pressures of cost rises, £90-100M PBT, but that's very ad hoc.

Not necessarily - the proper half year will be reported around mid-Jan, I would only expect an update in the next week or so if there is a trading update - there was one last year early Dec but not one the year before. Last year's was because the results were well ahead of expectations - if they are in line then I wouldn't expect a trading update.

https://hydrogenonecapitalgrowthplc.com/wp-content/uploads/2021/11/Quarterly-factsheet-September-2021.pdf

Had a quick look, that's an ETF rather than our HydrogenOne that is an IT. I suspect that both will hold investments in some of the same traded companies, especially the UK ones, but they are different. This should develop into having more non-quoted holdings - the Aussie one can only be quoted co's as an ETF I think.

Short Answer - No

Slightly more helpful answer - if you look at the RNS's, on 18/10 they announced an investment of €24M into Sunfire GMBH who make bits that make hydrogen.

They haven't AFAIK published any other listings but I think they said they would invest some capital in listed co's while waiting for the private deals.

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

I bought a few extra once they dropped under £100 - fingers crossed I called it - my OCD is hoping to flip them in a short ish time frame to round up my holding to a neater number of shares :)

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.

Companies House is your friend:
https://find-and-update.company-information.service.gov.uk/company/09263424
"OCTOPUS ENERGY LIMITED
Company number 09263424
Registered office address
6th Floor 33 Holborn, London, EC1N 2HT
Company status
Active
Company type
Private limited Company"

Owned by Octopus Energy Group Ltd - I didn't go further down the Rabbit Hole of finding out who owns that.

Twonko wrote:

" the SP has gone from £2.40 in June to under £2 as of yesterday and the trend is still down. Looks like a sell, smells like a sell."

No it hasn't. It was £2.60 for most of June with a brief dip to £2.50. Yesterday it dipped to just under £2.70 and today is just under £2.80. You may have posted this on the wrong board I think.

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 ;)

The dividend is fixed, it's the exchange rate that is approximate (although as they have given it to about 6DP, you'd have to have a large # of shares for the approximation to be relevant). The divi is fixed at USD 0.07. I think you can elect to have it paid in USD if you have a USD account with your broker, but if you have a GBP account, they set an exchange rate on a set date per the divi RNS depending on what currency you are paid in.

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.

The VC investors should be very happy with ARQQ - opening price post merger with the SPAC was $9.07 on 7/9, today it opened at $14.15 and as I type is $17.02 (it has peaked at $23.40 yesterday according to Google Finance). Whether we IT peeps will be as happy will be determined in a few days when our price is settled and over a much longer period as the company matures and (hopefully) performs.

Not sure why, but Spire popped almost 30% on Friday - opened at $9.18, closed at $12.00 although came down to $11.00 in after hours trading. Any news I have missed?

@bbrinkw - "Are people mistakenly using capital gains as yields?
I am sure company hasn't indicated any such thing as a 15% yield.
Revenue will be held back to build the company, I envisage only a small yield."

Yes
It hasn't - IIRC it said looking at 10-15% total return
They said as much in the prospectus - they don't expect to issue divi's, but will retain any remittances from holdings for further growth.

"Wed, 18th Aug 2021 07:00

RNS Number : 9594I
Seraphim Space Investment Trust PLC

Transfer is expected by end of August 2021 at which time a further announcement will be made."

*Checks Calendar*

*Taps Feet*

Indeed - there's longer quotes from him on this in other articles - he basically says they are great songs, but who is going to play them if he is convicted. I bet the Gary Glitter and Lost prophets back catalogues would be even further discounted but still wouldn't make any money.