8 Jul 2015 11:33
Wednesday 8 July 2015
Starvest Plc ("Starvest" or "the Company")
Net asset value update at 30 June 2015
The Company announces the net asset value as at the close of business on 30 June 2015 as follows:
30 June 2015 | 31 March 2015 | 31 December 2014 | 30 September 2014 | |
Trading portfolio value | £1.84m | £2.14m | £1.60m | £4.15m |
Company net asset value | £1.95m | £2.26m | £1.80m | £4.40m |
Net asset value per share | 5.27 pence | 6.09 pence | 4.85 pence | 11.87 pence |
Share price - mid | 3.12 pence | 3.63 pence | 4.38 pence | 5.25 pence |
Share price discount to net asset value | 41% | 40% | 10% | 55% |
Market capitalisation | £1.16m | £1.35m | £1.62m | £1.95m |
As in the previous announcement, with one exception, all valuations are based on the closing market bid prices or lower directors' valuation as described in the 2014 annual report.
Sadly, the modest improvement in net asset value from 31 December 2014 to 31 March 2015 has largely been reversed this quarter. This is in spite of real progress having been made in several of the Company's investments. As yet, there is a long way to go before we see a return to the values experienced in the recent past.
The Company's website, www.starvest.co.uk, has further details of the portfolio.
R Bruce Rowan Chairman & Chief Executive 8 July 2015 |
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Enquiries to:
Bruce Rowan, Chairman 020 7486 3997 or John Watkins, Finance Director 07768 512404; john@starvest.co.uk
Colin Aaronson - Grant Thornton UK LLP 020 7383 5100
Nick Emerson - SI Capital Limited 01483 413500
END