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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.50 | 1.05% | 48.00 | 47.00 | 49.00 | 48.00 | 47.50 | 47.50 | 59,690 | 15:51:57 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | -18.48M | -20.32M | -0.1908 | -2.52 | 51.1M |
TIDMBSRT
Baker Steel Resources Trust Ltd
02 March 2020
London, UK, 2 March 2020
Edison issues update on Baker Steel Resources Trust (BSRT)
Baker Steel Resources Trust (BSRT) offers a unique approach to investment in the natural resources sector, with early-stage (pre-IPO) engagement and specialist listed opportunities. In FY19, BSRT posted a solid NAV return of c 30%, driven by the revaluations of unlisted holdings and Polymetal's share price increase. It reduced its Polymetal position to finance a share tender offer and a GBP5m investment in Tungsten West. Management aims to maintain this momentum in FY20 with handful of potential NAV triggers as holdings move along the development curve and hence increase in value.
BSRT has outperformed both global mining and broad market indices over three years, with a NAV return of c 15.6% pa. However, the shares currently trade at a c 30% discount to NAV. It opted for share buybacks to distribute realised gains.
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For more information please contact Edison:
Milosz Papst, +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
March 02, 2020 10:22 ET (15:22 GMT)
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