Edison Investment Research Limited, GG00B6686L20

Edison Investment Research Limited / GG00B6686L20

30.10.2024 - 13:26:48

Edison issues report on Baker Steel Resources Trust (BSRT)

Edison Investment Research Limited


30-Oct-2024 / 12:26 GMT/BST
The issuer is solely responsible for the content of this announcement.


  London, UK, 30 October 2024   Edison issues report on Baker Steel Resources Trust (LSE: BSRT) We recently visited the Tarfaya cement grinding line of Cemos Group, one of the two largest holdings of Baker Steel Resources Trust (BSRT), which made up 30.8% of the trust’s NAV as of end-September 2024. The facility’s location in Southern Morocco allows it to benefit from the extensive public infrastructure investments in the region. Cemos’s two major investment projects (a compact calcination unit (CCU) and second grinding line) offer the prospect of a significant increase in earnings from 2025. The business is considering, on successful completion of these investments, an IPO on the Casablanca Stock Exchange, where we believe it could command an attractive valuation. Click here to read the full report. All reports published by Edison are available to download free of charge from its website www.edisongroup.com Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: enquiries@edisongroup.com +44 (0)20 3077 5700 Connect with Edison on:   LinkedIn www.linkedin.com/company/edison-group-/ X  www.x.com/edison_inv_res YouTube www.youtube.com/edisonitv


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