Starvest Share Discussion Threads

[plasybryn] 27/10/2023 08:27

As part of the Liquidation it is proposed to distribute the Greatland Shares and the Ariana Shares as distributions in specie to the Shareholders, together with the surplus cash that remains in the Company, once its creditors have been paid.

[babbler] 27/10/2023 08:23

The latter

[yorkie52] 27/10/2023 08:23

Does it mean they are giving us shares in Ggp and Aau or are they selling those shares and giving us the money?

[zedder] 27/10/2023 08:11

Current NAV/share is approx 11.1p and the GGP holding (I reckon that is 78.2m shares) is worth 10p of that.

[zedder] 27/10/2023 08:05

I assume they will gradually sell down the various holdings and distribute the proceeds. I’ll be voting for it and as they suggest then putting the money into GGP and AAU.

[spbcscw] 27/10/2023 08:04

Makes perfect sense.

[sos100] 27/10/2023 08:04

shame....

one of the stocks thats been around for ages.

[mattboxy] 27/10/2023 07:56

Liquidation!!!

[mattboxy] 27/10/2023 07:54

What are everyone's thoughts on the lowlifeation plans. How will this work?

[tyranosaurus] 10/10/2023 08:37

They won`t find much wealth in this stock.

[trawl] 09/10/2023 21:01

They seem to be a wealth management fund

[zedder] 09/10/2023 17:13

I think I asked previously but does anyone have any insight to Phillip J Milton & Co Ltd who seem to be building a significant position here?

[bigglesbingham] 13/9/2023 15:46

How about 250k at 4.8

[tyranosaurus] 26/5/2023 13:43

Desperate seller selling 100k at 5.15p

[come on] 27/4/2023 08:19

More positive news at ggp

[rose_by_another_name] 20/4/2023 10:25

Great drilling result for GGP.

[stevieweebie2] 06/4/2023 14:27

Yes.
they still drawing a salary off the back of it though no doubt. not a bad way to make a living, mugs wanted and im one of them.

[stevieweebie2] 21/3/2023 16:41

Your addressing the wrong audience.

[zedder] 21/3/2023 16:04

For the NAV/share to be the 11.15p in the RNS today, my spreadsheet would need to be using a figure of £250k for cash.

Previously I had a figure of £580k for cash though based on the RNS that stated AAU and GGP shares had been sold, and the average sell prices given.

What's happened to the rest of the cash? Certainly no mention of any new investments even if they have been poor ones!

[tyranosaurus] 06/3/2023 14:39

They should have sold more at 12.83p
Should have sold everything and wound up this poor excuse for a company.

[zedder] 07/2/2023 16:02

A useful snippet in the Final Results.

They've sold 3.8m GGP at average 12.83p/share, and 2.2m AAU at average 4.25p/share. That will have produced £580k.

If only they'd top-sliced GGP a few years ago when it was 20p+ and I contacted Callum Baxter to suggest that!

[come on] 07/2/2023 09:35

It's all looking good, it's time to sit back and enjoy the ride, interesting times

[zedder] 07/2/2023 08:24

It certainly looks like it. When GGP is going up consistently, there is often a delayed reaction here.

With GGP at 9p, the NAV/share here is 14.0p.

[come on] 07/2/2023 08:10

Interesting times to come with ggp and rumours of bid for newcrest