Baker Steel Resources Trust (BSRT) offers a unique approach to investment in the natural resources sector, with early-stage (pre-IPO) engagement and specialist listed opportunities. In FY19, BSRT posted a solid NAV return of c 30%, driven by the revaluations of unlisted holdings and Polymetal’s share price increase. It reduced its Polymetal position to finance a share tender offer and a £5m investment in Tungsten West. Management aims to maintain this momentum in FY20 with handful
02 Mar 2020
Baker Steel Resources Trust - Several potential NAV triggers ahead
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Baker Steel Resources Trust - Several potential NAV triggers ahead
Baker Steel Resources Trust Ltd GBP Ptg.Shs (BSRT:LON) | 45.3 0.1 0.7% | Mkt Cap: 47.9m
- Published:
02 Mar 2020 -
Author:
Milosz Papst -
Pages:
14
Baker Steel Resources Trust (BSRT) offers a unique approach to investment in the natural resources sector, with early-stage (pre-IPO) engagement and specialist listed opportunities. In FY19, BSRT posted a solid NAV return of c 30%, driven by the revaluations of unlisted holdings and Polymetal’s share price increase. It reduced its Polymetal position to finance a share tender offer and a £5m investment in Tungsten West. Management aims to maintain this momentum in FY20 with handful