Baker Steel Resources Trust (LSE: BSRT)

Last close As at 20/05/2024

GBP0.54

−0.50 (−0.92%)

Market capitalisation

GBP59m

Baker Steel Resources Trust (BSRT) is a closed-ended investment company aiming to achieve long-term capital growth through investing in equity, loans and related instruments issued by private natural resources companies. It targets a global, concentrated portfolio of 10–20 investments. BSRT’s objective is to create value through driving the development of investee companies, as well as exploiting market inefficiencies and pricing anomalies.

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Executive interview: Discussing BSRT’s NAV and income potential

Businessman talking about investment stock market and graph from computer laptop with broker trader, giving money plan management and analysis

Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Cosmo Sturge

    IR Associate

  • Francis Johnstone

    Investment Adviser to BSRT

  • Trevor Steel

    Chief Investment Officer and Managing Partner

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 12.5 20.5 15.1
Relative 5.3 10.4 6.1
52 week high/low 56.0p/33.5p

Overview

Baker Steel Resources Trust (BSRT) offers the potential for regular dividend and royalty income, as well as realisation proceeds, from its maturing portfolio of natural resources companies. Despite the multiple headwinds recently affecting junior mining projects, its largest holding (Futura Resources) was able to successfully close a financing round in September and advance one of its coking coal mines to production. Moreover, Cemos Group is eyeing the deployment of a second grinding line and clinker plant to significantly increase its earnings. Despite the recent share price rally, BSRT’s shares trade at a 33% discount to NAV.

Thematics

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