Starvest Share Discussion Threads

[value hound] 13/5/2020 15:05

Thanks Zedder. I bought in at 7.4p then had a horrible thought that I'd overlooked something stupid - as is my wont.

[rose_by_another_name] 13/5/2020 15:05

I think it is down to liquidity (poor)
spread (large) and ignorance of the play.

[zedder] 13/5/2020 14:59

As you point out, just a crazy discount. SVE hold 82m GGP shares and 17.5m AAU. Between just those 2 holdings that's worth £7.6m.However Mkt Cap based on 7.25p mid is £4.13m.NAV/share is 14.1p!

[value hound] 13/5/2020 14:43

What's going on here? SVE's GGP shares currently worth c.£6.7m vs SVE's mkt cap of £4.22m at 7.4p?

What's the problem exactly?

[zedder] 05/5/2020 16:54

They normally invest between £25 and £50k, with £100k being a rare exception, so I do think it is an investment decision especially as the Directors took shares in lieu of cash payments recently.

[rose_by_another_name] 05/5/2020 15:39

Looks like they needed cash. Not really an
investment decision sized move.

[zedder] 05/5/2020 14:28

I wonder if this some sort of message to the market as well, basically saying that you keep applying a large discount to NAV presumably on the basis of share liquidity, yet we've sold 3m of 85m GGP and you haven't even noticed!

Would have raised £225k if they achieved 7.5p average.

[zedder] 05/5/2020 14:25

Interesting RNS ref GGP. Not because of the detail ref GGP which we all know but because they have top-sliced 3m shares recently taking their holding down to 82m from 85m.

[srpactive] 05/5/2020 12:37

Z

Actually I can only see ggp going a lot higher.

[zedder] 04/5/2020 15:29

Nice spread and nice discount to NAV. With GGP at 8.3p the NAV is 13.8p/share.

[zedder] 01/5/2020 12:04

Confirmation today that AAU have paid off all the debt from opening the first mine. Roll on the second one. Definite 5p+ for AAU in my mind now.

[zedder] 30/4/2020 00:03

The bid is for a mine in Ecuador. The latest drilling results at Havieron (now 9 rigs there) are very good. See:

[rose_by_another_name] 29/4/2020 23:37

Speculation over at the GGP forum that
GGP will be suspended if there is a bid
for them, but you will still be able to
deal in SVE.

[luckyswimmer] 29/4/2020 23:19

Hopefully we get to see the latest drilling results while we're waiting for the bid.

[zedder] 29/4/2020 23:13

Let's hope this means NCM are about to bid for GGP!

[srpactive] 29/4/2020 21:42

Z

Orph another of ours I believe is doing better along with
aau and ggp.

[rose_by_another_name] 29/4/2020 19:34

I had an order in for £10,000 worth,
which would have been about 125,000.
Mostly filled, 100,000. It's a new one
on me, having an order met after hours.
Happened Tuesday too, but only 10k that
time, £800 worth, out of a £10,000 ask.
Both times the buy price was ~8.5 all
day, then met my 8p limit after hours.
Dealing on IG. Hope it doesn't mean
some market maker got nervous.

[zedder] 29/4/2020 19:01

That may well be. Hopefully even if GGP goes down a penny or 2 we will stay pretty static here as there is already a good discount priced in.

[yorkie52] 29/4/2020 18:46

I may buy more tomorrow but not sure which way Ggp will go after the Newcrest quarterly update. A lot of potential good news may possibly be already built into the price. The sell on news briggade might be in force and could take some profits off the table.

[zedder] 29/4/2020 17:16

Good buy. How many were you trying for?

[rose_by_another_name] 29/4/2020 16:36

My limit order was partially filled
after closing, 100k at 8 pence.

[zedder] 29/4/2020 16:26

That was me. Up to 50% of any special dividend would be distributed to shareholders.

[rose_by_another_name] 29/4/2020 15:51

Agree. I believe someone posted that the
Starvest management are committed to at
least partial distribution of proceeds of
GGP takeover.

[yorkie52] 29/4/2020 15:47

Well, I decided rightly or wrongly to sell all my shares in GGP today and buy more of these. I bought at 8.25p but I've calculated that for each share I buy in SVE I am buying approximately 1.6 shares in GGP but also get all their other holdings thrown in. The only problem is this share is not as liquid as GBP and has a larger spread. However if you take the view that GGP will be bought out at some point in the near future by Newcrest Mining then I feel that buying SVE is a no brainer as it's likely that SVE will probably distribute proceeds as a special dividend. I may be wrong but it's one possible scenario.