RE: Assets19 Jul 2018 16:08
We are waiting for news on the Oyster Oil and Gas listing which is now well delayed given the CEO said it would happen in January. Given the level of investment we have in Oyster, I believe we will see a significant reduction in the discount to net assets once we have a clearer picture what is happening there.
Of course, the value of our investment on HHDL and BTHL should now be worth significantly more than our current book value and there is potential for a decent fee from Fastbase should they list on the LSE.
Our investments in UOG and ALBA are now worth almost double what we paid for the shares and the Human Brands and Sunshine minerals investment could yield significant premiums.
Once the Oyster situation is resolved, I believe we should be at a discount of 10% to 15% of our current net assets until other capital gains are realised.