Starvest Share Discussion Threads

[richardjohn10] 16/2/2020 19:07

So without the GGP holding they have very little. Hopefully they won't sell any GGP for a while!

[zedder] 16/2/2020 10:45

Adding the caveat that these are best guess holdings figures (except GGP which can be confirmed via GGP website), these are most of the significant holdings (£15k+):

85m GGP worth £3.5m at 4.15p
12m AAU worth £350k at 2.9p
21.87m ORCP worth £153k at 0.7p
1.23m CORA worth £67k at 5.5p
26.5m ALBA worth £29k at 0.11p
1.12m KEFI worth £18k at 1.61p
14.2m SRES worth £17k at 0.12p
50k SO4 worth £16k at 0.32p

Cash is approx £40k assuming £20k spend since £60k figure in Final Results to 31/09/2019.

I make the total value of the holdings £4.28m which is approx 7.7p/share.

Company Mkt Cap is only £2.8m at 5p mid.

[richardjohn10] 16/2/2020 08:41

Zedder what are these worth currently?

[zedder] 15/2/2020 23:00

1.11m KEFI after the 17 to 1 consolidation.

14.18m SRES.

Both figures based on quite dated info.

[cowardlylion] 15/2/2020 20:12

Anyone know the size of the KEFI and SRES shareholdings?

[zedder] 15/2/2020 11:04

Latest NAV is 7.7p/share.

[zedder] 13/2/2020 13:56

As I've discovered over the years, SVE is a far smoother ride when GGP is being volatile!

[fiddling12] 12/2/2020 21:08

Expecting a recovery tomorrow. This should be more than 50% higher.

[telbap] 12/2/2020 13:51

Amazing how quick it got dropped yet how slow to catch up.....GGP only 3.5% down on last nights close, yet we are 12.5% off??????

[zedder] 12/2/2020 11:50

Yep. Bought 150k back at 5.6975p!

[zedder] 12/2/2020 11:46

I'm tempted to buy back and lock in a 1p/share gain from the batch I sold at 6.81p yesterday.

[wyken] 12/2/2020 04:22

Zeddar
We came good in the end and thanks for your regular NAV updates.

[fiddling12] 11/2/2020 13:32

Still another 50% from here, to get to parity with NAV.

[zedder] 11/2/2020 12:26

I certainly haven't unloaded any more. There's obviously a fair bit of selling going on. We've probably had a few momentum traders dip their toe in and out here!

[zedder] 11/2/2020 10:20

NAV just touched 10p/share with GGP at 5.55p. Even if I get tempted to top-slice a few more here, I certainly won't be going down below 1m shares. GGP is the story here and I can easily see that getting to 10p on a 2-year view.

[zedder] 11/2/2020 09:13

Also sold 150k at 6.81p.

[zedder] 11/2/2020 08:30

NAV is 9.5p with GGP at 5.25p.

[zedder] 11/2/2020 08:28

Couldn't resist this morning and top-sliced 150k selling at 6.31p. That was for gains of 214% on a 100k buy from 20th November 2018 and 172% on a 50k buy from 21st November 2018. It's scary stuff when you look at your online portfolio and one share is 80% of the value and that figure is nearly £100k.

Time to look at my local car dealer sites with a view to changing in my Mitsubishi Lancer that I've had for 7 years, but have absolutely loved driving.

[big7ime] 11/2/2020 07:30

New quarterly update worth a read PRIM RNS this am, bullish on GGP

PRIM & SVE discussed:

[big7ime] 10/2/2020 22:39

Sorry richard, I didn’t mean to sound derogatory. I meant more on a sector level.

[big7ime] 10/2/2020 22:37

Yeah, I think it probably is. But I think ggp has further to go
What PRIM say about ggp in their quarterly update is worth a read

[richardjohn10] 10/2/2020 22:37

SVE have ORCP aswell.

[big7ime] 10/2/2020 22:18

I make SVE’s hdg worth 7.6p a shr (with ggp at 5p)

PRIM is 2m up on ggp but has many other investments in different sectors. One other resource inv SOA to list this yr. Some others notably Fresho and Weshop could come to mkt this yr potentially making millions for PRIm. They have 1.5m in Engage Tech
They have already made a good sum on Zusse this yr and I’d expect some profit take on ggp so will be on a low multiple and big discount to NAV even before IPOs

SVE is the obvious cheap way into GGP but the hdg value unless sold and distributed to shareholders is just that- asset value, I.e. there’s always going to be a discount and, I don’t know, maybe more of a one trick pony which would explain the lower rating.