Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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What was the spread here yesterday - a lot lower than today's over 11%? So it's hard to get our hands on the increased value
Whilst I agree with your sentiment, the problem with SVE is they have to pay to have the NAV, which will always come in lower than the true value of the shares. It's not a forecast tool for future worth is a real time valuation.
Whilst it would appear they are offered at a discount I doubt this to actually be the case.
If your focus is on ggp, which is what brought me in, I see that. Generally not saying a lot for the rest. And, as, I say, the often very wide spread, significantly reduces the attraction here. I reduced my holding here some time ago on a narrower spread). A direct investment in GGP seems to me to be the easier way of shareholders getting their hand on some value. But we each make our own choices
to continue. I believe the foregoing is conservative. If you were to included the other assets which Starvest hold ( nav of gbp 10,642,731.00 less ggp's gbp 9,512,000 ) namely gbp 1,130,731.00 then you are buying GGP for 7.92p a discount of 46% T
SW16; Starvest own 82 million GGP shares which represent 84.9% of SVE's total portfolio and which at an ask of 11.60p are worth gbp 9,512,000.00 Starvest's market cap at an ask of 12.50p is gbp 7,267,742.00 Therefore investing in Starvest allows you to buy GGP shares today for 8.86p a discount of 31%
I'm not sure of the logic there. The value of SVE's shares in GGP is about £1m more than SVE's total share capital.
The thing I've noticed is that we now have a narrower spread. A spread of 10% is quite common here, and it doesn't make it an attractive share in which to invest more. A high (or manipulated) spread makes it hard to make money
Share price has now overtaken that of GGP indicating more people becoming aware of SVE's attractions and thus narrowing discount to NAV.