viewBaker Steel Resources Trust Ltd

Baker Steel updates on net asset value, gold investments faring best

Baker Steel has a long track record of investing in the mining industry

Baker Steel Resources Trust Ltd -

The investment portfolio held by Baker Steel Resources Trust (LON:BSRT) had net asset value of 67.3p per share, as at the end of March, down just over 8% against the figure for February, as the coronavirus effect began to be felt.

The company normally reviews the valuation of its unlisted holdings at the half-year and full year-ends. 

However due to the recent market volatility and extraordinary situation brought about by the coronavirus pandemic, the company considered it prudent to undertake a similar review at the end of the first quarter.

The review is not as comprehensive as undertaken at the year-end but uses the same methodology.

In this context, the company’s holdings in gold companies such as Bilboes and Polymetal have fared best and those investee companies with metals and minerals required for industry less well.

Quick facts: Baker Steel Resources Trust Ltd

Price: 70.165 GBX

Market: LSE
Market Cap: £74.7 m

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