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Share Name Share Symbol Market Type Share ISIN Share Description
Starvest Plc LSE:SVE London Ordinary Share GB0009619817 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.40p 2.30p 2.50p 2.40p 2.25p 2.25p 20,000 08:00:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.3 -0.6 - 1.30

Starvest Share Discussion Threads

Showing 4951 to 4973 of 4975 messages
Chat Pages: 199  198  197  196  195  194  193  192  191  190  189  188  Older
DateSubjectAuthorDiscuss
04/12/2018
07:18
Some more great drill results from GGP today. You can effectively buy GGP cheaper by buying via SVE.
zedder
30/11/2018
19:12
I don't think they will need £250k for the year as some of the Directors are accepting shares in lieu of cash, see: https://uk.advfn.com/stock-market/london/starvest-SVE/share-news/Starvest-PLC-Issue-of-Equity-TVR-and-Directors-Ho/78118536 The current cash was generated when they sold 50m GGP shares into the market (generating approx £340k) and then executed 50m GGP warrants at 0.2p, ie they replaced them for only £100k, see: https://uk.advfn.com/stock-market/london/starvest-SVE/share-news/Starvest-PLC-Warrant-Exercise-Greatland-Gold-PLC/75100694 With GGP now at 1.72p to sell, and there having been lots of volume over the last couple of weeks, they could easily top-slice on that holding to raise cash. The 85m share GGP holding is worth £1.462m yet the market cap is only £1.35m.
zedder
29/11/2018
23:04
Aren't they very tight on cash? 153k sep 18 and burning 250k pa
bean02
29/11/2018
15:32
Followed by 60k at 2.65p. Now holding 1.6m or 2.96%. My average for those is 2.897p.
zedder
29/11/2018
15:19
Sold my last 250k GGP, so just had another 100k at 2.6p.
zedder
29/11/2018
13:37
Another 40k at 2.5p thanks probably to whoever sold some yesterday. Now have 1.44m. With GGP at 1.72p, NAV is approx 3.75p.
zedder
23/11/2018
09:02
Sold another 250k GGP at 1.84p. 3 x 50k here at 2.5, 2.64 and 2.7p.
zedder
22/11/2018
20:41
GGP holding now worth £1.479m alone (at 1.74p). Current Mkt Cap is only £1.27m. NAV of the portfolio is approx 3.8p!
zedder
22/11/2018
14:30
Finally somebody else having a nibble at this bargain price. GGP showing some more strength today.
zedder
21/11/2018
09:34
In fact did get both 50k chunks before the rise. That was obviously what caused it.
zedder
21/11/2018
09:33
Managed 50k at 2.3p but wanted 100k. The price has popped again though!
zedder
21/11/2018
08:20
Another 250k GGP just sold at 1.77p.
zedder
20/11/2018
15:40
A quick recap to get straight in my mind whether my trades of the last few days have been worthwhile. 19th Nov – sold 300k GGP for 1.26p (proceeds £3774) 20th Nov – sold 200k GGP for 1.43p (proceeds £2854) 19th Nov – bought 150k SVE for 1.8p (cost £2706) 20th Nov – bought 100k SVE for 2.0p (cost £2006) 20th Nov – bought 100k SVE for 1.99p (cost £1996) SVE own 85m GGP shares. I double-checked here: hxxps://greatlandgold.com/company/ There are 53,964,829 SVE shares in issue. So 350k SVE shares effectively gives rise to ownership of 551285 GGP shares. So I’ve increased my GGP holding by 50k+ shares at nil cost. Plus I also (via the SVE portfolio) via 350k SVE shares, own 77830 AAU shares (I already own 600k), 181600 ALBA shares, 141825 ORCP shares and £973 in cash (£150k in cash confirmed in recent RNS). So yes, a great bit of arbitrage!
zedder
20/11/2018
14:07
Looks like it's finally starting to move. Long way to go to catch up with the NAV of the portfolio! #15 on today's Top Mover list.
zedder
20/11/2018
13:56
Got them at 1.99p.
zedder
20/11/2018
13:54
Trying for another 100k at 2p. They don't seem too keen to give them away!
zedder
20/11/2018
10:34
This is nuts. With GGP at 1.7p Starvest NAV is approx 3.7p!
zedder
20/11/2018
08:34
Sold another 200k GGP this morning at 1.43p and took another 100k SVE at 2p.
zedder
19/11/2018
14:01
When they do the NAV update they generally apply a discount for any of their holdings in illiquid shares. Take GGP which I view as the prize asset. Volume so far today has been 160m shares. If SVE decided to they could probably offload all of their 85m at 1.1p or more. I view it as highly significant they haven't done so. As I've said before, Callum Baxter is the common thread between GPP (CTO) and SVE (Chairman/CEO).
zedder
19/11/2018
13:35
Yes, I agree. GGP is the big position and if that can take off then the expenses can be an ever smaller % of the assets. But it still seems to me that it's in SVE shareholders' interests to wind up the company and distribute the deeply discounted holdings. Although that does bring the complication that usually things have to get sold first which puts pressure on the SP's. So perhaps not ideal.
gb904150
19/11/2018
12:27
Looking at the Annual Report, £128.5k was director emoluments. I assume that is salary and any pension provision - so they don't come cheap do they! I assume the rest is to run an office and whatever it costs to have the company listed. I've said consistently that any end game with GGP (a likely takeover) will hopefully be at 3p+. If that is correct, whatever the forward looking admin expenses are, hopefully it will be insignificant.
zedder
19/11/2018
12:13
Hi zedder, I realise that SVE trades significantly below NAV but isn't that because they also have administrative expenses of their own? For YE 2017 they were £275k. Then when they run out of cash they either issue new shares (dilution) or do as they did in last RNS and pay themselves in shares in lieu of fees. Payment in shares shows they have some confidence in their value at least but with SVE having a sub £1m mcap how can they afford to have any such costs of its own? Or if I've misunderstood things, could you please enlighten me?
gb904150
19/11/2018
11:56
Didn't give it as much of a kick as I hoped. I sold 300k GGP shares at 1.26p (realised £3774). Based on the number of SVE shares in issue and their holding of 85m GGP, the 150k SVE buy (cost £2706) is the equivalent of buying 236265 GGP shares back. Plus you effectively get £416.94 in cash (£150k assumed from NAV statement at end of June), 333555 AAU shares (based on assumed 12m holding), 77828 ALBA shares (based on assumed 28m holding) and 60782 ORCP shares (based on assumed 21.8m holding). So just those bits are a value of approx £4600, plus there are a few smaller investments as well.
zedder
Chat Pages: 199  198  197  196  195  194  193  192  191  190  189  188  Older
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