Has anyone bought into this one. It looks to me like a hugely discount counted fund of minning companies. With a net asset value of 22p per share and two new companies to be listed over the next three months it looks to me like the only way is up!!!

Just bought into this.
If the FD thinks that its worth 11 grand of his money then its certainly worth a couple of mine.
Been on my watchlist for a couple of months so not a difficult decision
Stevie

http://www.britishbulls.com/StockPage.asp?CompanyTicker=SVE&MarketTicker=FINANCIALS&Typ=S

Well
It lasted well but yielded under the strain of what must be HELL DAY.
It's a massacre out there today.
pub calling.
Stevie

It was a very red day. The FTSE Aim has fallen by about 4% this week and the mining sector has been under some real pressure. My solution is to go short on the mining sector through a spreadbet account. It is by no means a perfect hedge, but does take some of the pain away.

tallsii,

I think the mining sector may suffer until end of year CGT selling is out of the way, and then recover.

SVE are a long term hold IMHO, Bruce Rowan is very shrewd, and I have every confidence in him increasing shareholder value over the longer term.

Why the fall? 50% discount to NAV now.

mjr1234,

I guess some of the holdings have slipped a bit, but I'm also a tad surprised to see the low SP and such a large discount to NAV on Starvest.

I hold, and have a feeling that sooner or later this difference will correct, so patience should pay off here IMHO.

Bruce has a good reputation as a shrewd operator, so I believe he will produce the goods here given time.