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| 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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.50 | 3.03% | 51.00 | 50.00 | 52.00 | 51.00 | 49.50 | 49.50 | 37,118 | 15:00:48 |
| 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 |
TIDMBSRT
Baker Steel Resources Trust Ltd
10 August 2020
London, UK, 10 August 2020
Edison issues review on Baker Steel Resources Trust (BSRT)
Baker Steel Resources Trust (BSRT) carried out an additional review of its unlisted holdings as at end-March 2020 to better reflect the impact of the COVID-19 crisis on its portfolio valuation. By the regular interim review at end-June 2020, however, the pandemic-related NAV declines had been fully offset. Consequently, the year to date NAV total return (as at 31 July) sits at 2.2%, which already reflects the subsequent equity markets rebound, which started in April. Moreover, we note that with several NAV triggers expected to materialise in the current year (described in detail below), BSRT seems well-placed to improve its NAV TR in the next few months.
In H120, BSRT reported a 4.5% NAV total return (reflecting the last full portfolio revaluation) against a 5.8% increase posted by the EMIX Global Mining Index. While outperforming its peers in recent years, the fund trades at a 13.6% discount to its last reported NAV, which is slightly above the peer group median of 11.6%.
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About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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For more information please contact Edison:
Milosz Papst, +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
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END
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(END) Dow Jones Newswires
August 10, 2020 06:16 ET (10:16 GMT)
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