Baker Steel Resources Trust (LSE: BSRT)

Last close As at 13/04/2024

GBP0.45

0.00 (0.00%)

Market capitalisation

GBP48m

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 15–20 investments. BSRT’s objective is to create value through driving the development of investee companies, as well as exploiting market inefficiencies and pricing anomalies.

Latest Insights

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Investment Companies | Flash note

Baker Steel Resources Trust — Strong revaluation boost from Futura

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Executive interview: Discussing BSRT’s NAV and income potential

Investment Companies | Flash note

Baker Steel Resources Trust — Valuation headwinds reflected in June 2023 NAV

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 (0.2) 14.9 (2.4)
Relative (3.4) 11.5 (5.3)
52 week high/low 47.5p/33.5p

Overview

Baker Steel Resources Trust (BSRT) has reported a strong 16.3% NAV increase in its end-December 2023 monthly update (reducing the FY23 NAV decline to 6.3%), following its year-end portfolio valuations update. The key driver was a c 47% revaluation of Futura Resources, BSRT’s largest holding, which owns two coking coal mines in Australia. This follows the successful financing in September 2023, which allowed Futura to advance its Wilton mine to production. At the last closing price, BSRT shares are trading at a 44% discount to its unaudited end-2023 NAV.

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