This stock has been on my monitor for a while now.

In early Dec the co. issued an RNS stating its NAV was 14p per share, since then one of its investments (SFU) has increased in value by 50%.

This may now give a NAV of 16p+, a 60% discount to the current price.

The price spikes on any decent volume, on Friday there were some decent sized trades and the price responded accordingly.

Following the success of its SFU investment (which is still performing strongly) the co. may decide to update the market via an RNS. The price spiked then as its potential and undervalue was highlighted.

The same will happen again when the market is updated.

Anyone else follow this share???

SW (Still Holding CYH as well)

Here's the write up:-


Buy Web ShareShop at 9.5p
argues Tom Benyon of the Guild of Shareholders

Before I go further I should declare that I won shares in this company. But then I would be mad not to have bought in - this is an undiscovered gem! Over the last two years, WSS (Web ShareShop) has transformed from an AIM listed dotcom shell into a semi investment trust specialising in funding and underwriting small mineral resource companies.


Veteran mining backer, UK based Australian, Bruce Rowan, took a majority stake in WSS in the winter of 2002; since then deals have come thick and fast. The timing could not have been more fortuitous as new issues in the mining sector have blossomed and massive capital gains have followed for investors who happen to have been in the right place at the right price.


For example, Southern African Resources placed at 1p in May 2002 currently stands at 20p. Monterirco Metals placed at 54p in June 2003, are now 188p Almost unnoticed, shares in WSS have risen from 2p to 9.5p. But they are still cheap.


It is sitting on profitable investments inter alia, Beowulf Gold, Brazilian Diamonds, Franconia Minerals, and Hidefield plc.


One of WSS's first investment was in Southern African Recourses prior to its platinum finds. It has been estimated that this discovery could be worth circa $100m in the years to come (see Southern African Recourses website). Although WSS has taken a substantial profit on its holding (it has sold 2,500,00 shares) it still retains 4.4% and also a juicy 7 million warrants; these alone could be worth a further few pence on the WSS asset base at a conservative 17-18p share price.


bsp;As at 28th November the company's Net Asset Value was million (14.16p a share). That is based on the closing prices of the equities held at that date. But since then small mining stocks have - somewhat indiscriminately - raced ahead. And since Rowan is a better stock picker than most it is hard not to see how WSS cannot now have a Net Asset Value of closer to 20p than 10p.


The great booster to WSS is Rowan's apparently insatiable appetite for deal doing, money making and proving himself to be a latter day Midas.

The interims are due on Friday 13th Feb 2004. At that stage the market should formally wake up to the asset backing of this company. Beat the crowd and buy now.

Key Data
EPIC: WSS
Market: AIM
Spread: 9-10p
Market Cap: 3 million
NMS: 500

Looks to be starting its rise again supported by the recent performance from SFU & HIF.

Results out in approx. 3 weeks..

In for some more first thing.

Looks like WSS have excercised some of their cheap options on SFU to take advantage of the increase in price, SFU now over 30p compared to 12p at last NAV on 28/11/03.

SFU on the move again, will WSS play catch up??

Only a fortnight now until results out..