Baker Steel Resources Trust Ltd. (BSRT)

Sector:

Investment Firms

Index:

FTSE Fledgling

 62.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 67.25p
  • 52 Week Low: 43.80p
  • Currency: UK Pounds
  • Shares Issued: 116.12m
  • Volume: 19,834
  • Market Cap: £72.28m

Baker Steel's NAV growth falls short of benchmark

By Iain Gilbert

Date: Friday 17 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Baker Steel Resources saw net asset values tick ahead just 0.5% over the first half of its trading year, falling short of the EPIX Global Mining Index's 1.1% advance.
After the first six months of 2018, the London-listed investment trust, which invests predominantly in unlisted companies in the natural resources sector, reported unaudited a net asset value of 57.1p per share amid an "overall flat market for mining shares".

Baker realised net gains of £2.3m for the period ended 30 June, a marked improvement from the £2.64m loss recorded a year earlier, and expects to distribute no less than 15% of its net cash gains back to investors at the end of the financial year.

Commodities gave up some of the gains recorded in the second half of 2017, with steel minerals falling 24.4% and iron ore dropping 10.6% respectively. Likewise, gold fell 3.8% during the first six months of 2018 and silver fell 4.9%.

Baker made one significant new investment during the first half of 2018, completing its acquisition of AUD $10m worth of convertible loan notes in Futura Resources, which owns the Wilton and Fairhill coking coal projects in the Bowen Basin in Queensland, Australia.

Cash and equivalents dropped 86% to £578,403.

As of 1415 BST, Baker Steel shares had dropped 3.73% to 44.19p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BSRT Market Data

Currency UK Pounds
Share Price 62.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 67.25p
52 Week Low 43.80p
Volume 19,834
Shares Issued 116.12m
Market Cap £72.28m

BSRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.65% above the market average6.65% above the market average6.65% above the market average6.65% above the market average6.65% above the market average
13.43% below the sector average13.43% below the sector average13.43% below the sector average13.43% below the sector average13.43% below the sector average
Price Trend
74.17% above the market average74.17% above the market average74.17% above the market average74.17% above the market average74.17% above the market average
83.93% above the sector average83.93% above the sector average83.93% above the sector average83.93% above the sector average83.93% above the sector average
Income Not Available
Growth
85.45% below the market average85.45% below the market average85.45% below the market average85.45% below the market average85.45% below the market average
79.82% below the sector average79.82% below the sector average79.82% below the sector average79.82% below the sector average79.82% below the sector average

BSRT Dividends

No dividends found

Trades for 30-Oct-2020

Time Volume / Share Price
16:28 19,834 @ 60.50p

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