Baker Steel Resources Trust Ltd Net Asset Value(s) (8699O)
04 Junio 2020 - 01:00AM
UK Regulatory
TIDMBSRT
RNS Number : 8699O
Baker Steel Resources Trust Ltd
04 June 2020
BAKER STEEL RESOURCES TRUST LIMITED
(Incorporated in Guernsey with registered number 51576 under the
provisions of The Companies (Guernsey) Law, 2008 as amended)
4 June 2020
29 May 2020 Unaudited NAV Statement
Net Asset Value ("NAV")
Baker Steel Resources Trust Limited (the "Company") announces
its unaudited net asset value per share at 29 May 2020:
Net asset value per Ordinary Share: 70.0 pence
The NAV per share increased by 1.0% against the NAV per share at
30 April 2020, largely due to an increase in the share prices of
the listed securities in the portfolio and weakening of
Sterling.
The Company had a total of 106,462,502 Ordinary Shares in issue
with a further 700,000 shares held in treasury as at 29 May 2020
.
Portfolio Update
The Company's top 12 investments at 29 May 2020 were as follows
as a percentage of NAV:
Bilboes Gold Limited 18.1%
Futura Resources Ltd 17.2%
Polar Acquisition Ltd 10.1%
Tungsten West Limited 8.9%
Cemos Group plc 8.4%
Azarga Metals Corp 5.3%
Mines & Metals Trading Peru PLC 5.2%
Nussir ASA 4.3%
Black Pearl Limited Partnership 3.8%
Anglo Saxony Mining Limited 3.5%
Sarmin Minerals Exploration 3.1%
PRISM Diversified 2.2%
Other Investments 3.2%
Net Cash, Equivalents and Accruals 6.7%
Investment Update
Liquidity Diversification
During May 2020, the Company decided to diversify the liquid
portion (listed securities) of its portfolio which it considered to
be prudent particularly in the light of current volatile markets.
Accordingly, the Company's holdings in Polymetal International Plc
and Ivanhoe Mines Ltd were sold down during the month to take
advantage of the recent strong rises in their respective share
prices. The cash generated from these sales is in the process of
being reinvested in a spread of listed precious metal shares,
selection of which will draw on the research and expertise of the
Investment Manager's highly rated gold and precious metals team.
These investments will all be highly liquid and be held in the
portfolio to provide a source of working capital and until the
funds are required for reinvestment in the Company's core strategy
so that the Company remains fully invested in the mining
market.
Further details of the Company and its investments are available
on the Company's website www.bakersteelresourcestrust.com
Enquiries:
Baker Steel Resources Trust Limited +44 20 7389 8237
Francis Johnstone
Trevor Steel
Numis Securities Limited +44 20 7260 1000
David Benda (corporate)
James Glass (sales)
The Net Asset Value ("NAV") figure stated is based on unaudited
estimated valuations of the underlying investments and not
necessarily based on observable inputs. Such estimates are not
subject to any independent verification or other due diligence and
may not comply with generally accepted accounting practices or
other generally accepted valuation principles. In addition, some
estimated valuations are based on the latest available information
which may relate to some time before the date set out above.
Accordingly, no reliance should be placed on such estimated
valuations and they should only be taken as an indicative guide.
Other risk factors which may be relevant to the NAV figure are set
out in the Company's Prospectus dated 26 January 2015.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NAVMZGGVKFDGGZM
(END) Dow Jones Newswires
June 04, 2020 02:00 ET (06:00 GMT)
Baker Steel Resources (LSE:BSRT)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Baker Steel Resources (LSE:BSRT)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024