Hi Ultra, Tottaly agree with your view on broker forecasts...talk about eternal optimists!! I have enough invested in SVE at he moment but I am watching the situation closely, both with Nordic and with their other major investments. Nordic dropped again today so the targets are even further away.
Hi tallyfox. Always take broker forecasts with a very large pinch of salt. For example Davy have a 185p forecast for LOGP. Current sp? 20p.
I remember someone saying they halved a broker forecast and then halved it again to arrive at a current fair sp value!!
PS. Nordic is currently worth £2.9m to SVE. If you add in the 25m warrants (exercise price 1p) and give them a notional value of 6.25p each to SVE. That's a notional (notional because the warrants are not listed) extra £1.56m to SVE. That's £4.46m in total.
As I said DYOR but the figures still look compelling even after 15% rise back today. There have been a couple of bullish broker reports on Nordic both saying it could go to 20p plus. So even at half that, Starvest's stake would be £6m+......nearly 3 times the mak cap at present
Further to the Company's announcement of its net asset value as at 10 January 2014 and in fulfilment of the undertaking given to advise the market of significant changes, the Company is pleased to announce that at the close of business on 31 January 2014, the net asset value had increased by £500,000 since 10 January and by nearly £2m or 84% since 31 December 2013. A number of investments have contributed to this surge in value, but especially Nordic Energy plc in which the Company has a major stake; further details may be found at www.nordicenergyplc.com.
The reason for the rise in the share price is that it's investment in Nordic energy on ISDX is now valued at nearly £5m include the options it has.
Starvest's market cap is £2.6m!!!!!!!
That is less than the value of their other investments, some of which are doing quiet well to. I follow these thru a dummy portfolio of their top 10 holdings (about 90% overall) as it is easy to find their holdings in most companies as they are above 3% and have to be declared.
Even at this price it is good value but as always DYOR.
Do we really believe gold is finished? I think that probably the only time Dr. Joeph Goebels told the truth was when he said that people would believe a lie well told if it was repeated often enough. At these prices I shall raid the piggy bank and buy a few more.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.