Starvest Share Discussion Threads

[zedder] 14/4/2019 16:55

Nice £120k top up of the cash.

[russman] 12/3/2019 14:31

GGP could climb.
No idea how it will benefit us.
I remind you of Nordic E.

[zedder] 12/3/2019 13:20

Good RNS from Primulus (PRIM) who hold 37m GGP shares. I've suggested to Callum Baxter that a similar RNS from SVE would not go amiss!

[zedder] 12/3/2019 13:14

Absolutely. If you bought 100k SVE shares which would cost roughly £3000 at present, you are effectively getting 153727 GGP shares which would have cost £3459 at 2.25p in the market. That's enough to make it a bargain buy.

However, you also get approx £1000 in other benefit, ie a share of the £120k cash, and the holdings in other shares. So a real bargain!

[jerseymike] 12/3/2019 13:06

And remains relatively unknown unlike the much smaller Primorus holding. Certainly still looks like GGP at a discount here.

[zedder] 12/3/2019 09:53

GGP at 2.25p gives NAV here of 4.5p

[zedder] 12/3/2019 07:45

Great RNS from GGP this morning should add significantly to the NAV here. 85m GGP shares in the portfolio.

[zedder] 11/3/2019 17:21

The NAV update from 8th March confirms my spreadsheet is still in the ballpark.

[russman] 07/3/2019 13:03

Still too small.
& punters cannot buy.
No wonder there is a large NAV discount.

[jerseymike] 04/3/2019 23:40

Were you trying to buy through an ISA? Or another collective investment product? If not, you should always be able to buy the stock directly as a retail investor as long as you sign a disclaimer.

[spbcscw] 04/3/2019 16:18

I wish ... that was the plan but hope to complete asap.

[zedder] 04/3/2019 16:02

Was that your 100k buy at 2.8p. If so, good price.

[spbcscw] 04/3/2019 14:12

Will email Callum Baxter as you suggest.

[spbcscw] 04/3/2019 14:11

Here's what they said:

This stock has been restricted due to PRIIPs regulations which came into effect from Jan 2018 which requires manufacturers of certain types of investment to provide a Key Information Document (KID) to customers before investing.

This key document outlines important information about the investment including its risks and the costs. We’ve assessed all of the stocks available via our service and concluded that this particular stock is caught by this regulation but does not have the required key documents available. We have therefore restricted this stock from further investment via our service – though existing holders can continue to hold them until they are ready to sell.

Double grrrr !!

[zedder] 04/3/2019 14:08

By the way, Callum Baxter is also Chief Technical Officer of GGP.

[zedder] 04/3/2019 14:06

That sounds like something you should take up with the Chairman/CEO - [e-mail]

[spbcscw] 04/3/2019 13:58

Halifax - "we no longer allow investment in this stock" ...... grrrr!!

[spbcscw] 04/3/2019 13:49

Cheers zedder. Will try them soonest.

[zedder] 04/3/2019 13:48

I'm with Barclays.

[spbcscw] 04/3/2019 13:47

Hmmm ... tried a couple but no joy.

[zedder] 04/3/2019 13:36

Any stockbroker should be able to deal in them.

[spbcscw] 04/3/2019 13:33

Where can I buy SVE shares??

[zedder] 04/3/2019 13:04

With GGP at 2p, the 85m share-holding is worth £1.7m, yet the Mkt Cap at 2.7p mid is only £1.49m.

The NAV of the entire portfolio is approx 4.1p. The discount is crazy at the moment, but with 1.6m shares in my ISA I'm fully loaded!

[russman] 09/2/2019 16:24

SVE cannot pay their overheads in cash.
Too small.

[zedder] 08/2/2019 11:17

Sitting invested in SVE is certainly a far less bumpy ride than being in GGP directly. At 1.86p for GGP, NAV is approx 4.0p.