Investment Trusts

Baker Steel Resources Trust

BSRT:LSE

Baker Steel Resources Trust

  • Price (GBX)49.12
  • Today's Change0.12 / 0.24%
  • Shares traded20.68k
  • 1 Year change6.09%
  • Beta0.6557
Data delayed at least 20 minutes, as of Apr 29 2024 16:14 BST.
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Profile data is unavailable for this security.

About the company

Baker Steel Resources Trust Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to seek capital growth over the long-term through a focused, global portfolio consisting principally of the equities, loans or related instruments of natural resources companies. The Company invests predominantly in unlisted companies but also in listed securities with a view to making attractive investment returns through the uplift in value resulting from the development progression of the investee companies’ projects and through exploiting value inherent in market inefficiencies and pricing anomalies. The Company focuses primarily on making investments in companies with producing and/or tangible assets, such as resources and reserves that have been verified under internationally recognized standards for reporting, such as those of the Australasian Joint Ore Reserves Committee (JORC). Its investment manager is Baker Steel Capital Managers LLP.

  • Revenue in GBP (TTM)-12.27m
  • Net income in GBP-13.88m
  • Incorporated2010
  • Employees0.00
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Profile

Management group(s)Baker Steel Capital Managers LLP
AIC sectorCommodities & Natural Resources
ISINGG00B6686L20
Launch date28 Apr 2010
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

To seek capital growth over the long- term through a focused global portfolio consisting principally of the equities, or related instruments, of natural resources companies. The Company invests in unlisted companies (i.e. those companies that have not yet made an initial public offering or IPO) and in listed securities (including special situations opportunities and less liquid securities) with a view to making attractive investment returns through the uplift from development progression of the investee companies’ projects and through exploiting value inherent in market inefficiencies and pricing anomalies.

Managed by

Trevor Steel

Management & contract fees

Management fee is 1/12th of 1.75% p.a. of Market Cap, paid monthly. The amount of the performance fee is 15% of the total increase in the NAV, if the Hurdle has been met. Contract terminable on notice period of 12 months.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Gabelli Merger Plus+ Trust PLC1.19m3.66m49.22m0.0049.22m0.00
Baker Steel Resources Trust Ltd-12.27m-13.88m52.16m0.0052.16m0.00
River & Mercantile UK Micro Cp Iv Co Ltd3.29m2.21m53.73m0.0053.73m0.00
Marwyn Value Investors Ltd3.70m3.70m53.84m--53.84m--
Schroder British Opportunities Trust PLC-100.00bn-100.00bn53.95m0.0053.95m0.00
Mobeus Income & Growth 2 VCT PLC3.68m1.67m57.05m0.0057.05m0.00
Ecofin US Renewables Infrstctr Trust PLC1.92m92.07k57.48m0.0057.48m0.00
Hydrogenone Capital Growth PLC9.36m7.32m58.10m0.0058.10m0.00
Maven Income and Growth VCT 3 PLC-828.00k-2.82m58.34m0.0058.34m0.00
Crystal Amber Fund Limited5.28m1.55m58.95m0.0058.95m0.00
Albion Venture Capital Trust PLC-2.17m-3.89m59.62m0.0059.62m0.00
Logistics Development Group PLC0.00-10.12m60.23m4.0060.23m4.00
Maven Income and Growth VCT PLC2.00m231.00k61.68m0.0061.68m0.00
Aquila Energy Efficiency Trust PLC0.00-929.00k62.75m0.0062.75m0.00
Barings Emerging Emea Opportunities PLC1.50m169.00k63.41m0.0063.41m0.00
Data as of Apr 29 2024. Currency figures normalised to Baker Steel Resources Trust's reporting currency: UK Pound GBX

Institutional shareholders

34.09%Per cent of shares held by top holders
HolderShares% Held
Overseas Asset Management (Cayman) Ltd.as of 31 Dec 202212.44m11.76%
Asset Value Investors Ltd.as of 15 Dec 20239.05m8.56%
Baker Steel Capital Managers LLPas of 31 Dec 20224.92m4.66%
Hargreaves Lansdown Asset Management Ltd.as of 31 Dec 20224.01m3.79%
Jupiter Asset Management Ltd.as of 31 Dec 20231.98m1.88%
Apollo Multi Asset Management LLPas of 28 Mar 20241.85m1.75%
Wise Funds Ltd.as of 29 Dec 20231.19m1.13%
Evelyn Partners Investment Management LLPas of 29 Feb 2024441.60k0.42%
Apis Asset Managementas of 31 Dec 2022171.08k0.16%
Premier Fund Managers Ltd.as of 15 Dec 20230.000.00%
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Data from 31 Dec 2022 - 02 Apr 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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