Starvest Share Discussion Threads

[bingham] 02/10/2014 17:43

Not £996.77 cash back?
ie £370,000 / 37,120,000 shares.

[zedder] 02/10/2014 15:14

There was also £370k in cash at the Interims stage. For a 100k share buy you can effectively view that as getting £938 cash back!

[zedder] 02/10/2014 14:43

Just expanding on the above. A 100k buy of SVE shares effectively buys the following (from their more valuable holdings):

AAU 32868
ALBA 70718
BEM 5074
GGP 89639
KEFI 48202
RGM 70629
ORCP 55476
SRES 35982
IMIC 634
NORP 101478

[zedder] 02/10/2014 11:13

One interesting way to look at things, is that through my buy of 100k SVE shares over the last couple of weeks, I have 'effectively' bought just over 100k shares in NORP. There is no way I would have been able to buy them for an average of 5.425p!

All the other holdings are added in for nothing!!

[zedder] 02/10/2014 11:03

If the discount applied to Bid Prices amounts to only approx. £350k, then they must be using a discount of only about 15% on the NORP holding. I'd been using 25%, and I think that previously they might have been using 20%.

I assume from this that once NORP moves to AIM they are more confident that there would be a widely available market for the shares.

Also with NORP having had a placing at 6p only a few months ago, presumably it is reasonable to assume they would be able to get a least 6p per share.

[wyken] 02/10/2014 09:44

One day we will make money!
To realaise anywhere near asset value would require liquidation

[zedder] 02/10/2014 09:20

So SVE have come out with 11.87p NAV at 30/09/14. I'm obviously being overly pessimistic somewhere in my spreadsheet!

[zedder] 30/9/2014 10:27

Should get a NAV update in the next few days. My spreadsheet is giving 10.5p at the moment.

Got the 50k shares at 5.4p.

Now holding 350k shares (just under 1%) at an average of 4.4p thanks to LOTS of previous trading in and out of this one!

[wyken] 30/9/2014 08:08

Appreciate your insight and comments Zedder
Roll on Nordic progress to AIM?

[zedder] 29/9/2014 16:56

Drifted down again from my last buy as I hoped, so trying again for that other 50k at 5.5p or less.

[zedder] 12/9/2014 11:42

The ALBA holding has had a very good week. That holding is now worth over £375k. There are rumours that the Horse Hill project it is involved in could make the company big time.

[zedder] 12/9/2014 11:40

I reckon all 75k shares today are buys. I'd been trying to get another 50k shares at 5.5p or less, but someone chunked their buy into smaller lots to get 40k. Huge jump in price for whoever then bought the next 35k!

I'm now sat with 300k shares. My spreadsheet is showing a NAV of 10.8p, so still a big discount even now the price has risen.

[zedder] 11/9/2014 13:48

Nearly 50k shares sold at 5.275p today, and yet the other 50k buy at 5.5p still won't fill!

[zedder] 10/9/2014 16:03

There's another 50k waiting to fill with limit at 5.5p!

[bingham] 10/9/2014 15:38

Keep going zedder you moved the bid with that 50k.

[zedder] 10/9/2014 14:55

Have decided it's time for a top up. Can also buy within my Barclays ISA now.

ALBA seems to be about to take off, and I think NORP will be a big winner in the future.

[tricia51] 18/7/2014 15:10

ZEDDER
thanks very much for the info and your research unearthing those interesting points.
I wonder what the NAV of SVE will be after the NORD listing.
Cheers

[zedder] 17/7/2014 14:37

ALBA website updated:

hxxp://albamineralresources.com/text/investor/Rule26.html

[zedder] 16/7/2014 14:57

ALBA holding confirmed as 27.875m shares now as per this RNS:

[zedder] 16/7/2014 10:58

NORP planning to list on AIM

[zedder] 11/7/2014 08:37

hxxp://albamineralresources.com/text/investor/Rule26.html

Starvest Plc 23,875,000 7.2%

[zedder] 11/7/2014 08:35

£100k uplift in the portfolio value today with the ALBA share price suddenly taking off.

[zedder] 02/7/2014 13:01

Another couple of decent buys in NORP:

[zedder] 16/6/2014 17:38

130k share buy in NORP today:



Bid up to 6.75p

[russman] 30/4/2014 22:07

You could make a decent return on this spread.