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BSRT Baker Steel Resources Trust Limited

51.00
1.50 (3.03%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Baker Steel Resources Trust Limited LSE:BSRT London Ordinary Share GG00B6686L20 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  1.50 3.03% 51.00 39,033 15:00:48
Bid Price Offer Price High Price Low Price Open Price
50.00 52.00 51.00 49.50 49.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -18.48M -20.32M -0.1908 -2.67 54.3M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:11 O 100,000 49.00 GBX

Baker Steel Resources (BSRT) Latest News

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Date Time Title Posts
19/4/202412:46Baker Steel Resources Trust220

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Baker Steel Resources (BSRT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-23 16:15:0049.00100,00049,000.00O
2024-04-23 15:24:1252.001,915995.80O
2024-04-23 14:00:4950.0010.50O
2024-04-23 13:05:2549.655,6552,807.71O
2024-04-23 13:00:0248.0031.44UT

Baker Steel Resources (BSRT) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Baker Steel Resources Daily Update
Baker Steel Resources Trust Limited is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker BSRT. The last closing price for Baker Steel Resources was 49.50p.
Baker Steel Resources currently has 106,462,502 shares in issue. The market capitalisation of Baker Steel Resources is £54,295,876.
Baker Steel Resources has a price to earnings ratio (PE ratio) of -2.67.
This morning BSRT shares opened at 49.50p
Posted at 19/4/2024 12:46 by chrisdgb
Nice, thanks, positive, slow and steady price rise......
Posted at 01/12/2023 08:16 by golden prospect
RNS from MIGO 01.12.2023
Posted at 30/11/2023 17:28 by golden prospect
I'd not be surprised to see MIGO go overweight in BSRT, think Nick is a fan
Posted at 23/11/2023 17:30 by golden prospect
chrisdgb, yes indeed - a standout choice especially given Futura should now have Wilton up and running (One suspects Sojitz will takeout Futura).

On a valuation basis it's not inconceivable to think the current BSRT mcap is less than the investment in Futura, suggesting that the balance 70% fund comes for free!

Plenty of scope to see multiple gains in 2024.

One to watch.


NAV at 31 October 2023 65.9p

At 36p the discount is 45%, historically very wide and absurd.
Posted at 19/1/2023 18:12 by strollingmolby
Edison's short piece on BSRT:

Upside potential from successful project funding

Baker Steel Resources Trust (BSRT) posted an NAV total return of -16.3% in FY22, which was mostly a result of the de-rating of recently floated holdings Tungsten West and First Tin and the impact of Western sanctions against Russia on Polar Acquisition (PAL) and Azarga Metals. However, BSRT also agreed to sell its equity stake in its largest holdings (Bilboes Gold, completed in January 2023) and saw progress across several projects. BSRT’s maturing portfolio offers the prospect of attractive income from royalty payments (on production launch of Futura, PAL and Bilboes Gold) and dividends (from Caledonia Mining Corporation, CMCL, and later potentially also Cemos).
Posted at 15/10/2022 15:28 by flying pig
8)p assets v c45p per share even better value?
Posted at 08/9/2022 07:25 by flying pig
81p of assets, share price about 63p - not bad value if you like the sector
Posted at 08/4/2022 20:35 by rambutan2
A welcome counterbalance to the recent Russian mark downs:

First Tin plc ("First Tin")

On 30 March 2022 First Tin plc published its Prospectus and issued a formal Intention to Float on the London Stock Exchange. The date of admission has been set for 8th April 2022 and the company will trade under the ticker 1SN.

The Listing is to be accompanied by an Initial Public Offering (IPO) totalling £20 million gross at a price of 30 pence per share. This compares to the Company's current carrying value of 22.5p and an average cost of approximately 8 pence per share. As the Company is the largest shareholder in First Tin with approximately 25.8% of the shares prior to the IPO, our shares will be locked-up for one year and accordingly they will be held at a discount to the market price in the NAV at the end of April 2022 in a similar way to our holding in Tungsten West Plc.

The listing and IPO are the key conditions precedent to the acquisition by First Tin of the Taronga Tin Project in Australia from ASX listed Aus Tin Mining Limited. The acquisition of Taronga will add a third advanced tin project to First Tin's two advanced stage tin projects in south-eastern Germany: Tellerhauser and Gottesberg. The consideration for Taronga will be 60 million First Tin shares, equivalent to 22.6% of First Tin following the IPO. The proceeds of the IPO will be used to complete Definitive Feasibility Studies on Tellerhauser and Taronga and further exploration on Gottesburg.

Following the IPO and the acquisition of Taronga, there will 265 million First Tin Shares giving a market capitalisation at the IPO of £79.5 million. The Company will be the second largest shareholder with a 13.5% interest.

The IPO of First Tin will be an important step towards its aim to become a leading western supplier of fully traceable and verifiable tin units into those global industries which have a high requirement for tin. Those industries include the electric vehicle, renewable energy, energy storage, mobile telephony and semi-conductor sectors which are currently experiencing strong demand growth. The requirement for new sources of tin has become of increasing interest to investors as evidenced recently by Cornish Metals Inc's recent raising of £40.5 million, including a £25 million strategic investment by Sir Mick Davis' Vision Blue Resources, to investigate the potential restart of the South Crofty tin mine in Cornwall which closed in 1998.



1SN thread:
Posted at 04/3/2021 10:31 by flying pig
Discount 13.5% - Good value play v Black Rock investment trusts in mining sector




Baker Steel Resources Trust Limited (the "Company") announces its unaudited net asset value per share at 26 February 2021:

Net asset value per Ordinary Share: 95.2 pence
The NAV per share has increased by 0.4% against the NAV at 31 January 2021, with the increase in the carrying value of Anglo Saxony Mining Limited offset by falls in the listed precious metal shares held in the portfolio and by increases in the Sterling exchange rates against the currencies in which the Company's investments are held.

The Company had a total of 106,462,502 Ordinary Shares in issue with a further 700,000 shares held in treasury as at 26 February 2021 .

Investment Update

The Company's top 12 investments were as follows as a percentage of NAV:


26 February 31 December 2020
2021
Bilboes Gold Limited 16.7% 16.9%
Futura Resources Ltd 16.2% 16.5%
Cemos Group plc 14.2% 14.6%
Tungsten West Limited 13.1% 12.6%
Polar Acquisition Ltd 11.0% 11.2%
Anglo Saxony Mining Limited 5.2% 4.0%
Mines & Metals Trading
Peru PLC 4.6% 4.5%
Nussir ASA 3.4% 3.5%
Azarga Metals Corp 2.8% 2.8%
Sarmin Minerals Exploration 2.7% 2.7%
Metals Exploration plc 2.0% 1.9%
Black Pearl Limited Partnership 1.3% 1.2%
Listed Precious Metal Shares 3.2% 3.9%
Other Investments 2.8% 2.8%
Net Cash, Equivalents and
Accruals 0.8% 0.8%
Posted at 17/9/2020 13:07 by rambutan2
Re Prognoz:
Baker Steel Resources share price data is direct from the London Stock Exchange

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