Baker Steel Resources Share Discussion Threads

[fangorn2] 12/3/2014 10:49

Surprised this ever trades myself with a quote of 41.5 - 44.75

See two relatively medium sized trades gone through at 41.7 & 41.5 in 13,834 & 14,000 today respectively.

[rambutan2] 05/3/2014 13:48

Its run by a very canny Irishman called Desmond Kinch. It invests in value at a discount. He knows the closed end fund world very well. I take it as a reasuring sign if he appears on the share register. imho.

[fangorn2] 05/3/2014 11:59

At a bargain price :)

Not sure what a European Value fund is doing investing in:


Ivanhoe Mines Limited 16.3% (Congo)
Black Pearl Limited 13.9% (Indonesia)
Gobi Coal & Energy Ltd 13.0% (Mongolia)
Ironstone Resources Ltd12.5% (Canada)
Bilboes Gold Limited 10.5% (Zimbabwe)
Polar Silver Resources 9.3% (Yakutsk)

Guess the likes of Siemens, Fiat, Roche are a tad too conservative and predictable.

[rcturner2] 05/3/2014 11:50

Looks like they were the buyers of the 1.6m shares.

[fangorn2] 05/3/2014 11:46

Overseas AM "Euro Value Fund" increases stake to 4.3%

[coolen] 04/3/2014 21:31

Not bullish that the 1.6m went through at the bottom end of the quote.

[fangorn2] 04/3/2014 12:59

Large trade first up this morning...

2014-03-04 12:58:19 42.49 1,000 42.25 43.00 Sell 425 O
2014-03-04 09:16:08 41.00 1,665,000 42.50 46.00 Sell 682,650 O

Then quiet before a more modest 1000.

[kenmitch] 01/3/2014 16:36

Alimac. No. Decided instead just to invest a bit in their main holding Ivanhoe Mines.

Would also be interested to know why British Bulls have said "buy." If it's because of anything bullish about Ivanhoe Mines that reinforces the case for just holding that one. IF for other reasons.. then it might be worth a re-think.

[coolen] 28/2/2014 19:24

Alimac, what's triggered that enthusiasm do you think ?

[alimac100] 28/2/2014 17:04

Any other lost souls still hanging in here................? Now know the real definition of contrarian.

FWIW British Bulls have just stuck a bull tag and a buy signal (yes a BUY!!!) on good old BSRT.

[jaws6] 06/11/2013 08:13

RNS out with 71 p NAV

[strollingmolby] 18/10/2013 13:56

Indeed - BSRT price has moved in opposite direction from IVN price... Discount widening.

[jaws6] 18/10/2013 12:59

ivanplates going good after placing

[kenmitch] 24/9/2013 15:37

Yes, and good to see that after an expected big dip yesterday, the share price back up again just now.

[strollingmolby] 23/9/2013 17:33

Company notes Ivanhoe placing of 50m shares at $2.00 per share...

IVP putting additional finance in place should certainly help move our main asset forward

[kenmitch] 18/9/2013 09:50

Ivanhoe Mines (note name change) up over 10% overnight to $2.16.

[kenmitch] 28/8/2013 09:33

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.

[jaws6] 01/8/2013 12:25

marben
Good trade. w done

[marben100] 01/8/2013 12:04

I make that discount 13.5% today, after the recent rise and performance of the underlyings (I estimate NAV now stands @ 70.3p). Trimmed my holding heavily today @ 60p. ;0)

[strollingmolby] 01/8/2013 11:25

Merryn Somerset-Webb (MoneyWeek aditor) also dropped BSRT into the bottom of this article on 19 July, where she argues against buying structured products, and instead buying stocks that have already fallen:



And the miners have been properly bashed. GlencoreXstrata is down 32 per cent since September alone and now offers a dividend yield of 5 per cent, which is some compensation for the risk inherent in holding its shares. Rio Tinto is much the same – down 26 per cent and yielding 4 per cent. Not a stock picker? You could buy BlackRock World Mining Trust, a diversified mining investment trust which yields 4.5 per cent and trades at a discount of 6.9 per cent to the value of its assets or, if you're really daring, Baker Steel Resources Trust, which holds junior mining and pre-IPO stocks. It's down over 50 per cent over the past year and trades at a yawning 38 per cent discount to its net asset value.

Not a bad 'tip' given the return since.

[slogsweep] 30/7/2013 08:24

Write up in Money week on 26/7/3 highlighting big discount
seems to have stimulated some buying.

[strollingmolby] 15/7/2013 21:16

At the moment the market is winning vs the analysts. I expect the pendulum will swing back a little once sentiment towards miners improves.

[rcturner2] 12/7/2013 10:21

On the 5th July it was 45p. It fell again the next day.

I agree we might be approaching the bottom, but I wouldn't bank on it.

[strollingmolby] 12/7/2013 10:17

Maybe, RC - maybe not. IVP appears to have turned the corner, up 7.7% overnight.