Member Info for sheltie

A prudent move I'd say, given how volatile this 'might' become. . . As you say, nobody here knows anything (how can we?), so it's all gut and guesswork!

ATB 😀

Https://www.thisismoney.co.uk/money/markets/article-15838751/Blast-Elon-Musk-worlds-trillionaire-SpaceX-set-biggest-stock-market-listing-ever.html

Yet you sold a hefty 40% chunk of your holding today?

-84p as I write, is the largest FTC one day rise or fall. Very Impressive!

i wrote this after hours on tuesday evening:-

"so, how much higher 'could' it go? £10? £15? yes, quite possibly, as it has hit those notes before - albeit many years ago.

but it could go back to £3 or even £2 - very quickly".

this is a timely reminder not to get too ****y as anything can happen here! currently down 74p so it certainly will not be the newlands selling off. . .

More on the Musk IPO from the BBC this morning. Astonishing numbers. . . . 💰💰💰

https://www.bbc.co.uk/news/articles/cg4pe2953q1o

Nice! 🤩

Again, another weirdly high UT given where it was at 16:29.

Hopefully it will stick in the morning and carry on!

Brilliant if it does. . . .

Also, I have to keep reminding myself that FTC is AIM listed! Hard to believe really, but it does come with a few red flags. One of them is that AIM PI's are notorious for not being 'sticky' investors. They are very often, very short-term focussed and prone to panic. Much more so than FTSE type investors. It's a risk reward thing I know, but there may be some folk out there that take fright at the smallest event!? I'm happy to continue to hold, but others may not have the appetite to follow suit should things go a bit squeaky! .

ATB and have a great day. . . . 💰💰💰

Of course it is 'over valued' - but it's no longer about 'value'. We spoke about a likely 'disconnect' just a few weeks ago here, between what FTC is 'worth' versus 'sentiment and momentum'. We are now firmly into the disconnected latter. It has nothing to do with the more traditional fundamentals anymore, as everything has gone out of the window.

So, how much higher 'could' it go? £10? £15? Yes, quite possibly, as it has hit those notes before - albeit many years ago.

BUT it could go back to £3 or even £2 - very quickly.

Quite frankly, it's anyone's' guess from here, as all of the 'traditional' City valuation metrics, are not really in play now.

Good fun though! 🤑

Https://www.bez-kabli.pl/filtronic-stock-jumps-again-as-spacex-linked-rally-nears-1-billion/

Https://www.google.com/url?q=https://www.coindesk.com/markets/2026/05/15/spacex-targets-june-11-ipo-pricing-picks-nasdaq-for-historic-market-debut

Here it is:

https://www.thisismoney.co.uk/money/investingshow/article-15794601/Seraphim-Space-boss-Investors-critical-point-things-taking-off.

Check this article out and if you have time the video too which explains it all pretty well.

Also, I note that David and Monique Newlands who are major Share Holders here as you will know, also own over 2% of Seraphim. The companies that they are invested in are seriously clever in terms of the variety of ways that their satellites can be used. Very very impressive bits of kit and 'the future' I am 100% certain of. Excellent uses for the Defence sector too - and we all know where that is going, in this increasingly uncertain war-driven world that we live in....

The video is a worthy watch.

SSIC is the latest C Shares issuance and SSIT is the first (and now closed) Fund.

C shares will convert to SSIT in about 1.5 years. So, in other words it is an Investment Trust that invests almost exclusively in private companies within the Space (and closely related) Sector, which may in the future (and have) go to an IPO. So, it spreads the risk in this sector but is, therefore, a longer term investment. Hope that helps...

PS most of the companies Seraphim invest in, they have had a vested interest in for years before. Like Seats on the Executive Board etc. So they know them well, prior to investing in them. ATB

Somebody who has also been here a long time and knows me, please have a word in 2buyor2sell's ear and let him know! Maybe TheTrotsky or NasK can verify my authenticity and length of time holding FTC?!

I've been here since 78p you moron!

Yes, I'm in Seraphim too - if only to flesh-out my exposure/risk to this exciting (but risky!) Sector...

One thing that is worth bearing in mind, is that the Company 'may' like to take advantage of this heady share price, to issue more shares in order to raise extra cash. They don't 'need' the cash, but this often still happens, to muscle-up the existing Balance Sheet!

I hope that they don't, but it is a very real possibility, with the share price at around the £4 mark. . . ATB 🤔

Yes, I noticed that too. Sometimes the UT on this one goes a bit sqwiffy at close of play and then reverts back upon opening the next day.

Soon find out what it really is though; but if it's in the 320's I will not be surprised. . .

This remains by far my largest ISA holding and I am expecting plenty more action, as 'Space' is THE Red Hot Sector to be invested in right now! ATB 🤔