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Currency in GBP
Last close As at 26/05/2023
GBP0.38
▲ −1.00 (−2.56%)
Market capitalisation
GBP91m
Seraphim Space Investment Trust’s objective is to generate capital growth over the long term through investment in a diversified, international portfolio of predominantly early- and growth-stage unquoted space tech businesses with the potential to dominate globally. Space tech businesses rely on space-based connectivity or precision, navigation and timing signals, addressing a broad range of key applications.
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Director, Financials
James Bruegger
CIO and managing partner
Mark Boggett
CEO and managing partner
Rob Desborough
Managing partner
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | 5.6 | (17.4) | (54.2) |
| Relative | 9.6 | (14.0) | (54.0) |
| 52 week high/low | 84.4p/35.6p |
Seraphim Space Investment Trust (SSIT) posted a 7.2% NAV TR decline in H123 (ended December 2022) following a valuation update that led to an enterprise value (EV) reduction in the case of four of its large private holdings by 25% or more. This led to a 15% EV decrease across SSIT’s top nine private holdings, though only a 3% fall in fair values, which were cushioned by liquidation preferences and anti-dilution protections within SSIT’s investments. Further negative impact came from lower share prices of listed holdings (Arqit most notably). That said, revenue across SSIT’s top nine private holdings held up well with 56% growth h-o-h in H123.
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