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Starvest - A bargin way to buy commodities (
SVE
)
tallsiii
- 09 Feb 2005 13:04
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!!!
Andy
- 26 Mar 2005 00:29 -
9
of 12
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.
mjr1234
- 23 May 2005 11:06 -
10
of 12
Why the fall? 50% discount to NAV now.
Andy
- 23 May 2005 11:17 -
11
of 12
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.
Andy
- 23 May 2005 11:20 -
12
of 12
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