Starvest Share Discussion Threads

[srpactive] 11/9/2020 10:53

q / t

Agree with you both and doing as you are doing.

active

[tyranosaurus] 11/9/2020 10:45

Bought more this morning at 15.4p and that price has now gone.

[qs99] 11/9/2020 10:40

agreed, needs to be nearer 20p IMO DYOR

[srpactive] 11/9/2020 10:13

Yes still very undervalued, I too continue to buy.

active

[zedder] 11/9/2020 09:40

Thanks RBAN, finally cracked it!

[yorkie52] 10/9/2020 20:19

Thanks Zedders.

[yorkie52] 10/9/2020 19:46

Onwards and upwards!!!

[yorkie52] 10/9/2020 19:46

Great stuff Zedders. Just shows how undervalued we are, albeit very much reliant on the performance of Greatland Gold GGP which represents more than 90% of the investment portfolio. I've been adding gradually since March. Wish I'd bought all in March at about 4p but hey ho still a great buy and still is at a near 50% discount to net asset value.

[zedder] 10/9/2020 18:40

Anyone know what I'd need to put in the header to get the following SVE v GGP chart to actually show?

[huncher] 10/9/2020 18:10

Excellent start - hopefully others Can build on this.

[zedder] 10/9/2020 17:47

New thread here:

[zedder] 10/9/2020 17:46

Starvest have a portfolio of mining and energy shares.

The company play their cards fairly close to their chest with regard their holdings, but I have been in SVE since February 2006 and have tried to track the number of shares they hold in various companies.

At present the majority of the portfolio value is in the following 4 companies:

82m GGP shares - RNS of 5th May 2020 confirms that figure (can also be confirmed on GGP website)
17.5m AAU shares - RNS of 24th February 2020 confirms that figure
21.87m ORCP shares - historical figure I can't currently confirm
1.23m CORA shares - RNS's of 16/10/2017, 29/04/2019 & 27/09/2019 confirm that figure assuming no subsequent sells

At the time of creating this thread (after close on 10th September 2020), these holdings give the following values:

GGP £15.18m, AAU £1.05m, ORCP £175k and CORA £110k

Market Cap is currently £8.5m at 14.75p mid, and my 'guesstimate' of total portfolio value is £16.7m or 29p/share.

Edit (update of 2/12/20)
ALBA has now sprung into life and that is worth £120k.

Every SVE share you buy is the equivalent of buying 1.4 GGP shares (82m divide 57.85m SVE shares in issue), so get your GGP shares cheap here!

[zooman] 10/9/2020 17:12

I would like to see the share price move closer to GGP as more news comes through, I appreciate there is a lag maybe tomorrow we shall see some movement closer. Zoo

[srpactive] 10/9/2020 16:25

JM

Yes agree, that is why I continue to buy.

[jerseymike] 10/9/2020 15:52

Assuming GGP is going to continue to go from strength to strength, SVE seems to be a great bargain for the patient. NAV currently over 30p.

[srpactive] 10/9/2020 15:38

19p, sve should be 30% up from here.

dyor

[spbcscw] 10/9/2020 15:18

Have you seen GGP? Now over 18p. Surely we will re-rate soon?

[jerseymike] 10/9/2020 14:49

A new thread to see if SVE can be brought into the current decade.

[jerseymike] 10/9/2020 14:47

!FOLLOWFEED
To share research and comments on Starvest plc

[zooman] 10/9/2020 12:10

Y. Only way is to start a new thread.Zoo

[yorkie52] 10/9/2020 11:08

It's a shame that a lot of the information in the header on this thread is vastly out of date I.e.2010. I assume that the only person that can alter this is the originator, Outsider? His/her last post was in 2011 so either he/she has lost interest or has died.

[zooman] 10/9/2020 10:48

Time will tell. My shares here are free from the profits from Tullow when I bought in at 9p and sold in the thirties and with luck I maybe able to do it again given how they have / are dropping.Zoo

[rose_by_another_name] 10/9/2020 10:22

Special divvy plus keep the shares, based on
a new valuation. Say 50% of 27p per share (the
current valuation of SVE's GGP component) equals
13.5 pence per share paid out, plus 50% retained
in SVE coffers for buy backs and buying new assets,
plus existing assets in AAU and CORA. That's based
on GGP being bought by Newcrest at current valuation.
Maybe they will just buy Havieron.

Seems to me the SVE share price will rise despite
huge special dividend. 27 pence per share is almost
double the current share price 13.5 pence paid out, 13.5 pence
added to SVE value.

If it happened today. Just musing.