Update from QuotedData

Seraphim Space Investment Trust - Update from QuotedData

11^th November 2024

Entering Orbit

Seraphim Space Investment Trust (SSIT) continues to see its portfolio of cutting-edge space-focused companies ('SpaceTech') achieve key milestones. Over SSIT's financial year, its companies raised $900m in new investments, with SSIT contributing £11m across 10 investments. Notable examples are the oversubscribed initial public offering (IPO) of Astroscale, the successful capital raise of D-Orbit, and the soaring share price of AST SpaceMobile. This has resulted in positive net asset value (NAV) growth for SSIT during the period.

SSIT's portfolio companies, which specialise in revolutionary surveillance satellites, telecommunications, and space logistics, have also made significant progress towards profitability, with several expected to reach this milestone in 2025. SSIT's management hopes that the overall portfolio will achieve profitability by that time as well.

Despite these successes, SSIT's shares continue to trade at a significant discount to its NAV, currently about 52%, which should be seen in the context of the broader selloff in growth stocks and investment trusts. We note that SSIT has yet to fully benefit from the effects of falling interest rates, which can disproportionately benefit high growth companies, unlike some comparable investments. This could present a potential opportunity for investors.

Full Research:

https://quoteddata.com/research/seraphim-space-investment-trust-entering-orbit-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Seraphim Space Investment Trust Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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