no activity , overseeing £800k of assets. really. £40k...thats more than some doctors FFS. I manage my own pension which has higher asset value than this .. laptop , kitchen table thats all that is needed,,,oh and about 3 hours a week.. unless you want to lose 85% of investors money then you will need a lot longer than that to study things so badly that 23 out of 23 investments you make lose money.. now that is some achievement.
Ariana have put out a very positive statement and the gold price has broken $1300 for the first time for two years, which should help Kefi also. Ariana shares up 8.5% today. Oracle shares are well up, so it looks as if the next revaluation of Starvest shares should be upward.
The 34% discount to the last net asset value per share is looking excessive.
One4all do you really believe this is not worth 2.25p?
Do you really believe this is a sell at 2p?
Please explain why?
Please use information pertinent to this investment vehicle and the companies in which it is invested as of May 2016. We all know there were sector wide commodity falls 2014/15 i.e. Glencore, BHP Billiton etc and small explorers were disproportionately affected. but we are investing now.
ps: Also try and move on from mentioning overheads (as we not only know your view on that subject already) as to date it has not seemed to have any affect on the sp.
Fresh from his recent disastrous 'Buy' recommendation at MX oil - which has tanked 32% since he proclaimed 'buy' - oil flowing hurry hurry! - One4all continues his useless and clueless campaign of disinformation and disruption here.
if you can see a trend emerging then you're right: when One4all says 'sell' start to buy. And when he says buy - do your own research. He may not be doing his own obviously flawed research but be copying something written by someone credible.
Worse still he doesn't take advice: both Omarinvestor and myself said buy here at 1.40/1.60p and in my last post I said 'Sell' MX oil - or rather wait for 0.65 before considering.
I would advise you to avoid the empty noise of One4all and do your own research. Current operating fees here are high relative to returns but if they lead to improvement in ROI over and above the sectors averages going forward then soon they will not be an issue.
This relies on continuing progress at Kefi, Ariana, Red Rock, Alba and Oracle and I for one think we will get it.
looking at the accounts, fund value £1.2mill costs to 'run' trhe fund are about £140k, so 12% effectivly management fee. best to eiher buy the stocks directlly yourself or use a regulated proper fund management compny who charge between 2 and 5 percent.this is too embarrassing now
One4all are you really trying to say that the people who see market corrections coming (Starvest is not only commodity investor to be affected adversely 60-70 and 90% declines in under lying values are not uncommon even for big players during this reverse) and have an adaptable strategy to either divest or invest are wrong? This is the cornerstone of investing.
A man who thinks a 100% profit is clueless. A man who eschewed that profit - even though he was clearly told how to get it - to remain static in Jubilee Platinum and MXO.L (both where I have an interest (ISA) but where I am not topping up at current prices want 2.65 and 0.65p again!) is seriously disadvantaged and has issues.
Whilst I do sympathise with those losing 90% of their money the question really must be why would you leave your money to dwindle away without reacting? At least make a partial sale and buy back at a lower price to increase exposure for the upturn. The golden rule of Warren Buffet is 'don't lose money' and that involves selling at a loss on occasions and deploying 'stop losses' - and most of all having an active investing strategy.
Another Warren Buffet golden rule is watch the market and track the asset class or underlying asset (macro) and only invest in well run companies who can outperform the market and divest when these criteria no longer hold true!
Obviously One4all's investing strategy is one that avoids strategic trend watching and tactical stop losses. Which means it isalso one that avoids profits and ensures it engages with loss. Not one for Warren Buffet then!
Omarinvestor and myself have tried to correct his approach over the last few months by giving him 'clues' : We both told you:
1. That Starvest's current value ( was below market valuation) and a buy
2. Your 1p sell prediction here was CLUELESS, vindictive, blind and stupid.
3. That Ariana was on the move - going from 0.70 to 1.70p (100% +)
4. That kefi was also on the move. (65%+)
and 5: in last weeks post I told you to buy RED ROCK RESOURCES (0.44 - 0.47) and there was an almost instant 25% minimum profit. I sold as it hit 0.65p. (50% + in 10 days!).
These should be happier days - with the return of profit from commodities - yet somehow I feel One4all knows best and will continue to offer his opinions. Look for the man alone with the pipe and the whippet in the pub with a foreclosure notice.
you are dreaming, this is a vehicle to give a few old hands a pension fund.. those who invested here at the start have lost 90% of their money and you spout on about how you could have made 100% in the last month...thats gambling , not investing..clueless...
Making nonsense of the 'sell' indicators over the last 3 months the RNS shows the recovery in the Starvest 'vehicles' performance. Sad it caused some to sell at 0.75/1.00 only a few weeks ago when if they had bought they could have got up to 100% profit.
That said to move forward beyond 3.75p - 4.00p investments other than Kefi and Ariana and Oracle will need to come to the party and contribute. I have divested most of my Kefi and excess Ariana and will look to buy back on weakness. I have kept a presence here and bought Alba (0.28) and Red Rock (0.44p) on weakness (among other oils and metals not held by SVE) I hope they will deliver my next profits.
Sidevalue my feeling is to HOLD to see how far Kefi and Ariana and the meritable others can go in the short term.
Please read my original 'Hold' post (1 day ago). There could be a slight fall back before June (slow trading across late spring/summer) but I fully expect a 2.25/2.75 p price to be fully justified when the June NAV comes out in early July 2016.
My last post was to reject the doom mongering of our 'Sell' - your soul - buddy and demonstrate profitable investing if you do your research on exit and entry points and are not blinded by your ignorance and historic mistakes. I have sold into the 'flash' peak getting 2.65/2.81 and a little bit more for my excess and liberating the profit that enables much of my holding now to be essential 'free carry'.
I will hold to see how far this minor recovery has to run. I am confident this is fair value until another of the invested plays switches on and adds to the momentum or there is a further upgrade at Ariana (SVE owns 4%), Kefi or new news from Oracle, Red Rock (now also an oil play), and Alba.
Not sure how you have the audacity to show your face here. You have been telling people to sell all the way through March and April when they should've been buying.
I have made multiple 1.40p/1.60p/1.80p/1.95. buys in the time you were spitting bile and breathing the air that could've been better used by a productive member of the investing community.
My sales today have ranged from 2.25 to 2.81p and I can still sell more of my holding profitably at 2.35 - 2.65 tomorrow if I choose.
I am happy because I have once again adapted to the situation by topping up at the most critical points along the curve, and once again it seems, to your extreme chagrin, I have made a healthy profit from investing in Starvest.
To date there has not been any point or substance to any of your previous vitriolic interjections but today's message fittingly must rank as the most inane. I do understand today must have really hurt: - evident in the speed of your arrival and petulant 'SELL' message - and been very humbling.
The truth is whatever the nature of your gripe here you must try to move on and start the long hard road toward reintegrating yourself back into the investing community.
The grim predictions we have seen here from some odd ones based on limited knowledge, and their own agendas, will seem a distant memory after today. I feel for the PI's who just a few weeks ago sold at 0.75p. Even if like me they caught the jump from 0.32p and 1.15 on Range Resources and Ariana Resources respectively they still wouldn't have got the same return as here.
I didn't except my prediction of being in profit by April to be fulfilled - yeah go fish that one out 'one' - and thought it would take till June but very glad it has been.
I have been a small seller this morning in order to get some profit on my 1.40 and 1.66 buys - and gain some free carry - but remain relatively heavily invested here. Looking at placing some £ back in Alba if I can get in at 0.27 - 0.29p entry point.
'Taking the one for all and all for One' theme I am a little concerned the Starvest vehicle is a little overly dependent on Ariana and to a lesser extent Kefi. I think the next jump will need Alba and RRR and Greatland to start to get traction, and maybe RGM to put in appearance. That said Kefi and Ariana should allow sp to edge higher over 2016.
they sold 6.75mill shares in ALBA, assumming that they bought at .21 and sold at .38p that's around 10k profit, just enough to pay their wages. I dont think that this will cover their losses on every other dog stock they are in.. my own portfolio is more than this now and i administer it on my laptop on the kitchen table.. what admin fees??
On Friday, Starvest also made a partial disposal of its holding in Alba. The price was not disclosed, but on 31 Dec 15 the price was quoted at 0.21 and on Friday at 0.38, so there must also have been a substantial profit on the book value of the Alba holding. We don't know the reduction in value in the Nordic Energy holding, but it seems unlikely that it is large enough to offset the gains on Alba, Regency, Ariana, Kefi and Oracle.
Ariana, Oracle Coalfields and Regency Mines have all shown substantial increases in their market value since the end of December. Against this, the suspension of Nordic Energy must have knocked Starvest's net asset value. Since we don't have a detailed analysis of how the valuation is made up, it is rather guesswork. Still, four ups and one down would seem likely to make an overall up.
Also, the market price of shares of companies with interests in gold mining does not seem to have risen to reflect the strong rise in the gold price in the last two months.
The last trade was at 1.75p, a 78% discount to the 3.02p net asset valuation at 31 Dec.
If I had any money, I would spend it on Starvest shares....
thats hilarious. Ariana bought in 2001 for 5p now 0.9p lost 90% of its value
Oracle coal bought whilst a member of Plus Markets at equivalentyt of 8p now 2.25p lose of value of 70%
Kefi bought for 6p now 0.3p a lose of value of 95%... I love a good laugh to take me into the weekend.
I could list all 22 companies over the last 5 years not one is valued more than they were bought for.
Now I have to give them credit: to be able to pick that many companies to invest in and to not have one that is profitable takes some serious incompetance. Some investment philosophy that
Presumably it is the May 15 accounts that cannot be finalised. The numbers have been released but unaudited.
One speculates that the auditors are insisting on not only an "emphasis of matter" paragraph on going concern but a full going concern qualification. The May 15 balance sheet showed negative tangible net assets and the company was solvent only on the basis of the intangible assets in the balance sheet.
And with the oil price as it is, those cannot be worth very much.
So one would go on to speculate further that there must be a serious chance that Nordic is going bust...
The last trade was at 1.625, a 47% discount to the net asset value as shown by the 31 Dec valuation.
The shares of Ariana and Kefi, the two companies Starvest holds interest in that are developing gold mines which should go into production this year or next, have both risen around 10% in the last month, presumably reflecting both the fact that every month that passes reduces the chance of some mishap preventing production and that the gold price has risen fairly strongly during January.
So Starvest's discount to its net asset value may now be in excess of 50%.
The bears of the stock must either know something we don't or have overdone the gloom...
'You always know the arguement is lost when you start to throw in the odd personal insult.' Exactly! And as if to prove your own point who was it I wonder who trawled all the long way back to 2011 to find one to throw? Possibly the most stupid and naïve comment I have read on this board; especially considering I not only left with a profit at that time and no one in their right mind would blindly follow a recommendation that is more than a month old from a respected broker never mind a poster.
Oh and by the way I'll give you a week, based on your in-depth knowledge of this stock to work out why there is such a large spread? And why with Kefi and Oracle on the move in a falling market it remains unaltered.
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