Starvest Share Discussion Threads

[zedder] 10/9/2020 09:33

It sure is. The latest position:

17.5m AAU at 6.0p worth £1.03m or 1.79p/share.
82m GGP at 17.3p worth £14.18m or 24.6p/share.

Overall portfolio worth approx £15.65m, or 27.2p/share.
Mkt Cap is only £8.06m.

Why the hell they aren't selling a few GGP and buying back their own shares to close the value gap!

[come on] 10/9/2020 09:14

Massively undervalued

[rose_by_another_name] 10/9/2020 09:01

SVE should be higher, based on NAV, but
historically it lags behind. I'm waiting
for the big payout when GGP/Newcrest
resolve their association.

[srpactive] 10/9/2020 07:50

Excellent results at ggp today, sve should be higher than ggp
pence wise, so expecting a good run to 20p now myself.

dyor

active

[rose_by_another_name] 08/9/2020 08:25

Very few trades. I reckon this is a good
play to get in on the eventual payout to
GGP, but not much action until then.

[come on] 07/9/2020 17:25

Surely these will start to play catch up soon

[zedder] 07/9/2020 14:31

14.25p would be a 45% discount so not far off.Looking at the respective accounts they seem to have changed to a smaller outfit auditor wise.

[tyranosaurus] 07/9/2020 11:29

Discount must be close to 50% now.

[stevieweebie2] 04/9/2020 12:30

Just took another 25k nibble.

[rose_by_another_name] 03/9/2020 09:17

Committed to a special dividend I think,
and buybacks, should there be a windfall.
Ooop- late on parade again.

[zedder] 03/9/2020 09:14

Their stated aim is to return up to 50% of any cash they receive (eg from a cash buyout of GGP) to shareholders as a special dividend.

It would be interesting to see what they'd do with the remaining cash. That would be a hell of lot of investments of £25k to £50k to find in other small companies.

Personally I'd be happy if it was put into some sort of gold fund/ETF or gold royalty company (eg Sandstorm gold).

[zangdook] 03/9/2020 08:51

Does SVE have any mechanism for returning funds to shareholders? I remember looking at it years ago and not proceeding, but to everything there is a season

[qs99] 03/9/2020 08:16

GGP up again

[zedder] 02/9/2020 12:42

I did the same some time ago and swapped GGP for SVE. I am currently running a few positions in AAU though as I can see that getting to 8p+. I previously touted 6p+ on AAU some months back and its just hitting that now.

zedder 22 Apr '20 - 10:27 - 1601 of 1822
AAU - very well run company. They have been paying off a loan that got the initial mine in Turkey up and running. I believe that loan has either just been or is about to be paid off completely. That will make them cash rich going forward although they seem to be about to about to repeat the process with a second mine. Can easily see the share price getting to 6p+ eventually.

[srpactive] 02/9/2020 12:06

Topped up here earlier, prefer sve to ggp, myself but have both.

Will increase much further when I receive my hgm funds.

active

[qs99] 02/9/2020 11:58

thanks zedder.....a decent drilling update from GGP and it should get through 20p IMO,.....amazing ride...

[zedder] 02/9/2020 11:40

At 16.5p, the 82m GGP holding alone is worth 23.5p/share.

NAV/share currently approx 26.1p/share.

[rose_by_another_name] 02/9/2020 11:03

Not the only concern. SVE has a yield and PE
ratio, Primorius does not earn, let alone
pay dividends. Still, they are up 10% today
as I post.

[skyship] 02/9/2020 10:24

The only concern with PRIM is the true value of their other investments...GGP great; everything else an unknown quantity.

[spbcscw] 02/9/2020 09:57

SVE far better than PRIM. Also PRIM tweets a little amateur/cavalier.

[stevieweebie2] 02/9/2020 09:47

I'll take a look.

[qs99] 02/9/2020 09:05

SVE moves nicely, bigger investment spread, but PRIM is left behind IMO on the GGP rise (aside from its other investments)....DYOR etc, but have bought more PRIM than SvE.

[stevieweebie2] 02/9/2020 08:48

Mum's clearly short of stock now. Small buys ticking price up. A good sign.

[stevieweebie2] 01/9/2020 10:01

Yes
I topped up late last week, was a no brainer.

[zedder] 01/9/2020 09:41

With AAU at 5.6p and GGP at 15.7p, NAV/share is 24.9p (a new high). The AAU holding will go through £1m with one more tick up there.

Mkt Cap is £7.2m yet the value of the portfolio is £14.35m.

Still a massive discount here. Any buys below 13.5p are at a 45% discount!