Added to YB: 2025-05-14
Pitch date: 2025-05-10
BSRT.L [bullish]
Baker Steel Resources Trust Ltd.
+30.32%
current return
Author Info
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Company Info
Baker Steel Resources Trust Ltd. is a fund of Baker Steel Capital Managers LLP.
Show full summary:
BSRT - Futura's possible sale
BSRT.L: Futura bid (A$3.15 vs A$2.21 carry) would add 5% to NAV, 10% to market cap via £5.66M gain. Post-deal, 1.5% royalty stays (potential £5M/yr at 1.9Mtpa, 19.8% ROI on NAV). Combined w/other royalties, could deliver 50% annual return by 2027+. Trading at 50% discount ex-cash pre-Futura sale.
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