The Financial Outlook for Personal Investors: Foxtons & the Seraphim Space Investment Trust

Neil Shah of Edison Group looks at the 1st quarter trading update from Foxton's which, with a new management team, is undergoing a turnaround. It's a great brand, underpinned by good IT and data. It is a stable business (particularly lettings) with low risk on the downside which might have a great upside if press comments about it being sold are borne out. More esoteric is the Seraphim Space Investment Trust, which invests in companies exposed to the space industry, where the private sector is bringing down the cost of launching items into space. The price has risen, boosted to some extent by the prospect of increased defence spending. But the portfolio is maturing and profitability is coming through from many of its investments. It's a way to get exposure to space through a team of experts.