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I agree with you. I suggested they might publish their holdings in their quarterly net asset update - like Berkshire Hathaway. I can understand why they might be a bit reluctant where they are building up a stake. I asked how we could be sure they still held shares in various companies. The director said that their website was up to date in repeat of stocks they where they had investments. But, of course, the website does not specify numbers of shares held.
Looking very cheap these days despite moving up a bit.
GGP hitting 24p...
That alone is worth 34p here. Rest of the investments come free.
Thats news to me! Didn't see that on the site. Any idea how many and what date that RNS is?
Weathergeek, you appear to have overlooked GUN , together with the rest you have named I think this has got huge prospects ,
So managed to find this from ADVFN.
I've had a look at holdings for the others in their relevant companies but nothing listed so they must be fairly small.
This is done at todays close prices and according to Zedder on advfn the last known amounts.
GGP - 82M x 23.3p = £19,106,000
AAU - 17.5M x 6p = £1,050,000
CORA - 1.23m x 9.5p = £110,700
ORCP - 21.87m x 0.72p = £157,464
TOTAL = £20,424,164
Divide by 58m shares.
35.2p per share.
No value given for the below holdings, If anyone knows numbers of shares held. Let me know.
KEFI - ???
ALBA - ???
SO4 - ???
SRES - ???
BLOE - ???
Yes this is like buying ggp with a massive discount. Previously it was mentioned, some months ago that SVE is 90 % invested in ggp so you are really buying ggp - with more interest the nav discount should narrow.
The end of September results might narrow the nav to share price gap?
At last the association with GGP has led to an increase in the number of trades and a consequent narrowing of the spread.
Might now attract more pi's, hopefully.
Nd
GGP...
82M X 24P = 19,680,000
DIVIDE BY 58M SHARES = 33.9P PER SHARE ON GGP ALONE...
Alba up, KEFI doing well. CORA up on year, Ariana Bags, Sunrise Bags..
Unreal how cheap this is.
Thanks, I will try and find that!
With GGP up 8% this morning would expect this up tick to filter through to SVE today at some point
Amended post.There is is a post on10/9/2020 at 17.46 on the ADVN board that gives a breakdown of Starvest major holdings. The post is from Zedder who seems very knowledgable in regards to Starvest's holdings. I tried to copy and paste but not allowing me to do this. Apologies for the typo errors.
There is is a post on10/9/2020 at 17.46 on the ADVN board that gives a breakdown of Starvest major holdings. The post is from Zedder who seems very knowledgable in regards to Starvest's holdings. I tried to copy and paste but do not alolwing me to do this.
They have disclosed GGP at 82,000,000
That's very odd. How can an investor expect to value their holding and work out a true share price target if they don't know whats held?
I asked SVE for shareholdings and a director emailed me back to say they don't disclose them. But by all means try. Maybe if enough shareholders ask them, they might change their policy.
And the other post appears again. Thank you.
So just had my last post deleted. I can only assume it was because other companies were mentioned. @Moderators, every company is an investment by SVE. Please don't delete the post.
SVE Hold 82m GGP @22P = £18,040,000
Current Market cap is £12m
Does anyone now the amount of shares or warrants etc held in these other SVE investments
Ariana Resource
Cora Gold
Kefi Minerals
Alba Minerals
Oracle Power
Salt Lake Potash
Sunrise Resources
Block energy
I first bought SVE this year at 4p.
Some did get sold on a portfolio re shuffle after COVID and put in some bio techs. Glad I did well there as I should have just held SVE! I have since topped up here again.
I've just run the numbers again...
GGP - 82M Shares @22p (and rising) = £18,040,000
SVE Market cap = £12m
Thats a 33% discount on GGP alone.
I can't find the number of shares SVE hold for these other investments. Can anyone help before I email SVE for numbers?
Ariana Resource -
Cora Gold -
Greenland Gold - 82M shares.
Kefi Minerals -
Alba Minerals -
Oracle Power -
Salt Lake Potash -
Sunrise Resources -
Block Energy -
Yep, a 50% discount. to NAV even with today's share price rise. Using publicly available material, I make their NAV a tad over 30p/share. If you like GGP, this is a far better way to play it than buying GGP because you are essentially getting in at half the share price of an asset (GGP) that is blazing a trail upwards. And at some point, SVE will crystalise (some of) the gain for cash, at which point you'd expect the discount to close. The other catalyst will be the end Sep NAV update from SVE.
Low volume and the spread makes this difficult to trade and putting people like me out.
But it is definitely way undervalued and should be around 20p based on GGP recent rise
I was wondering about that - has SVE ever mentioned returning any proceeds to investors from sales?
We must be at a 50% discount to nav now?
There's an increasing disconnect between the respective share prices. We need more pi's or ii's to come on board (or maybe SVE should sell all their shares and return the proceeds to the shareholders).
Nd
Similar change to GGP.
Nd
You could all work out as near as dammit the NAV per share from public ally disclosed information on their holdings along with comments (GGP is c.90% of portfolio). A week ago it was about 22p... today closer to 24p.
Especially as there seems to be a bit of a disconnect between this sp and that of GGP. Always think that if SVE is significantly below GGP then SVE is a buy (if you can stomach the spread).
Nd