Share Name Share Symbol Market Type Share ISIN Share Description
Baker Steel LSE:BSRT London Ordinary Share GG00B6686L20 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 28.00p 26.50p 29.50p 28.00p 28.00p 28.00p 537 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -0.8 -0.7 - 32.51

Baker Steel (BSRT) Latest News

More Baker Steel News
Baker Steel Takeover Rumours

Baker Steel (BSRT) Share Charts

1 Year Baker Steel Chart

1 Year Baker Steel Chart

1 Month Baker Steel Chart

1 Month Baker Steel Chart

Intraday Baker Steel Chart

Intraday Baker Steel Chart

Baker Steel (BSRT) Discussions and Chat

Baker Steel Forums and Chat

Date Time Title Posts
16/8/201613:34Baker Steel Resources Trust168

Add a New Thread

Baker Steel (BSRT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
21/10/2016 09:45:3529.05537156.00O
View all Baker Steel trades in real-time

Baker Steel (BSRT) Top Chat Posts

Baker Steel Daily Update: Baker Steel is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BSRT. The last closing price for Baker Steel was 28p.
Baker Steel has a 4 week average price of 28.20p and a 12 week average price of 29p.
The 1 year high share price is 31.75p while the 1 year low share price is currently 12.75p.
There are currently 116,117,980 shares in issue and the average daily traded volume is 18,123 shares. The market capitalisation of Baker Steel is £32,513,034.40.
flying pig: DEAL BEING RENEGOTIATED? Asset value down but across the market issues and still a big premium to share price. At some point this will recover, but now looks a "long term lock-away" rather than a short term trade.
flying pig: Modest increase in asset value, share price stagnant, even better value in the longer term. Now if the share value increased at the same rate each month ..... 84p this time next year +53%.
strollingmolby: Indeed - BSRT price has moved in opposite direction from IVN price... Discount widening.
kenmitch: Yes, and good to see that after an expected big dip yesterday, the share price back up again just now.
kenmitch: Ivanplats share price has jumped recently and at $1.95 now well above early July lows of $1.29. Other main quoted holdings also inching up.
kenmitch: Views on the continuing fall in the Ivanplatz share price anyone? It's down another 8% today at just $1.4 Canadian dollars.Just the market and falls across the board or also something specific to Ivanplatz? Surely impacting on NAV? The current discount to NAV must still be substantial but maybe no longer around 40%?
rcturner2: NAV = 92p Share price = 52p Discount = 44% !!!
strollingmolby: From today's results: Review At the end of June 2012, Baker Steel Resources Trust Limited was fully invested. Small top-up investments in Polar Silver Resources Limited, Bilboes Holdings (Private) Limited and Copperbelt Minerals Limited have been made during the period totalling less than 0.5% of net assets.There have been no other new investments or realisations during the period. During the half, the NAV per share fell 12.5% to 114.9 pence largely due to decreases in the carrying values of Ferrous Resources Limited ("Ferrous") and Copperbelt Minerals Limited as well as falls in the market values of the listed investments in the portfolio. The largest contributor to the fall in NAV per share (6.5 percentage points) during the period was from a decision by the Company to reduce the carrying value of its interest in Ferrous, following the reported sale of part of its stake in Ferrous by Harbinger Capital Partners LLC, which had held approximately 26% of the shares of Ferrous. In February 2012, Ferrous announced the appointment of a new Chief Executive, Jayme Niccolato Correa, who was previously with major iron ore producers Vale and CSN. In June 2012, Ferrous announced that following a comprehensive review of its strategic options and operations by Mr Correa, Ferrous had decided upon a new strategy for the development of its projects and since that time, the Investment Manager has met with Mr Correa in order to understand better the new strategy. The revised plan is for step-by-step organic growth to production of an initial 5 million tonnes of iron ore per annum from 2013 which will reduce funding requirements in the short term as opposed to the previous target of 24 million tonnes per annum. However, following the end of the period the carrying value was further reduced by 16.7% in line with significant "grey market" trading. Despite positive operating results from several companies in the listed part of the portfolio they suffered significant share price falls during the period alongside the general malaise in mining equity markets. China Polymetallic Mining Limited (down 12.6%) has reported it is well on track to ramp up its Shizishan Silver Lead Zinc Mine; South American Ferro Metals Limited ("SAFM") (down 18.8%) announced that it has completed construction of a concentrator at its Ponto Verde iron ore mine in Brazil which will increase saleable product from Ponto Verde by around 50% at minimal extra operating cost and therefore will have a materially positive impact on SAFM's cashflow; Forbes and Manhattan Coal Corp (down 44.1%) announced revenues increased by 124% last year. The important factor to note with all three of these companies is that they are in production and generating strong cashflows which means they do not need to access the current weak markets to fund their continued development. The largest company in the portfolio, Ivanplats Limited ("Ivanplats"), has also made good progress at its two major projects, producing updated NI 43-101 reports for both its Kamoa copper project in the Democratic Republic of Congo and its Platreef platinum nickel project in South Africa. Gobi Coal & Energy Limited ("Gobi") is laying the groundwork to commence production at its Shinejinst coking coal project in Mongolia, however recent weakness in global coking coal prices has translated into a significant reduction in the price of coal delivered to the Chinese border. This combined with current equity market conditions indicates a reduced likelihood of Gobi achieving its planned IPO in the near future and therefore funding for the Phase 2 expansion of its Shinejinst Mine in Mongolia. Subsequent to the end of the period, the Company has reduced its carrying value of Gobi by approximately 23%. Outlook Prices for metals have remained relatively robust and well above the long term prices the Company uses in modelling the underlying projects in its investment portfolio. Equity markets for mining shares have been weak in the first half of the year with the HSBC Global Mining Index down 9.8% with investors being in "risk off" mode as the market waits for a resolution to the sovereign debt crisis in the Eurozone. This increased "disconnect" between the prices of mining equities and commodities is unlikely to be sustained in the longer term and if commodity prices remain strong the recovery of prices of mining equities could well be marked. It should be noted that despite slowing economic growth in China, the strong growth over the past 10 years has provided a much larger base for the demand of metals and therefore the need for new mining projects. One of the key means for the Company to monetise investments is through IPOs. Although certain of the Company's investments are sufficiently advanced in their development to be able seek a listing, most notably Ivanplats, this will only occur once the general market for IPOs is more receptive.
kenmitch: Thanks Kimboy. Holding mostly shares seems sensible and I think I'll do the same in time, but with nearly another year to run I can hold the warrants for now, as if the share price rises the warrants should do better still, and I can use the warrant profit to reduce the cost of the share buy. That's the theory anyway.
rcturner2: An NAV of 127p and a share price of 80p equals a discount of 27%.
Baker Steel share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20161021 23:39:29