Seraphim Space confident on sector outlook as discount narrows

(Alliance News) - Seraphim Space Investment Trust PLC on Thursday said the next year will be ...

Alliance News 14 March, 2025 | 6:45AM
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(Alliance News) - Seraphim Space Investment Trust PLC on Thursday said the next year will be "significantly influenced" by US policies as it posted an increased net asset value.

The London-based space technology investor reported a 6.8% increase in its net asset value to GBP239.7 million in the six months to December 31, from GBP224.3 million a year prior.

Its portfolio valuation rose 9.3% over the period to GBP216.3 million from GBP198.0 million.

The trust saw its discount narrow to 46.2% from 63.6%, as its share price improved to 54.4p from 34.4p. Its shares closed up 4.2% at 55.00p on Thursday in London.

Looking ahead, Chief Executive Mark Boggett said: "The next 12 months will be significantly influenced by the new US administration's policies, particularly concerning tariffs and European security".

The transformation in defence spending along with revised procurement practices "will undoubtedly benefit 'new space' companies", continued Boggett.

Chair Will Whitehorn added: "Amidst the current tumultuous times on the global front, one thing stands clear: that space will increasingly be at the forefront of government defence spending in both the US and Europe.

"Notwithstanding the turbulence in world events and the resulting volatility in public markets, we anticipate that the year ahead should be one of great opportunity for our portfolio."

By Christopher Ward, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Seraphim Space Investment Trust Ord 62.10 GBX 12.91

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