3 Oct 2013 17:29
Thursday 3 October 2013
Starvest Plc ("Starvest" or "the Company")
Net asset value update at 30 September 2013
The steady decline in the Company's net asset value since early 2011 has been halted in the last quarter as the market for early stage exploration stocks has seen some modest improvement. We will comment in more detail in the Company's annual report which expect to issue in early November.
The Company announces the net asset values as at the close of business on 30 September 2013 as follows:
30 September 2013 | 28 June 2013 | 28 March 2013 | 30 September 2012 | |
Trading portfolio value | £2.52m | £2.25m | £2.76m | £3.51m |
Company net asset value | £2.73m | £2.51m | £3.05m | £3.66m |
Net asset value per share | 7.44 pence | 6.77 pence | 8.23 pence | 9.86 pence |
Share price - mid | 5.62 pence | 5.38 pence | 5.00 pence | 6.5 pence |
Share price discount to net asset value | 24% | 21% | 39% | 34% |
Market capitalisation | £2.09m | £1.99m | £1.90m | £2.41m |
All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2012 annual report.
R Bruce Rowan Chairman & Chief Executive 3 October 2013 |
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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 or Ed Thomas - Grant Thornton Corporate Finance 020 7383 5100
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