2 Jan 2015 14:00
Friday 2 January 2015
Starvest Plc ("Starvest" or "the Company")
Net asset value update at 31 December 2014
The Company announces the net asset value as at the close of business on 31 December 2014 as follows:
31 December 2014 | 30 September 2014 | 30 June 2014 | 31 December 2013 | |
Trading portfolio value | £1.60m | £4.15m | £3.29m | £1.95m |
Company net asset value | £1.80m | £4.40m | £3.59m | £2.36m |
Net asset value per share | 4.85 pence | 11.87 pence | 9.68 pence | 6.35 pence |
Share price - mid | 4.38 pence | 5.25 pence | 5.50 pence | 3.88 pence |
Share price discount to net asset value | 10% | 55% | 43% | 39% |
Market capitalisation | £1.62m | £1.95m | £2.04m | £1.44m |
All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2014 annual report.
The disappointing fall in the portfolio value since 30 September reflects the general decline in share prices across the mineral exploration sector.
The Company's website, www.starvest.co.uk, has further details of the portfolio.
R Bruce Rowan Chairman & Chief Executive 2 January 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 or Ed Thomas - Grant Thornton UK LLP 020 7383 5100.
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SVE.L (SVE)