Net asset value update at 30 September 2015

RNS Number : 4146B

Starvest PLC

06 October 2015

 



Tuesday 6 October 2015

Starvest Plc ("Starvest" or "the Company")

Net asset value update at 30 September 2015

The Company announces the net asset value as at the close of business on 30 September 2015 as follows:

	30 September 2015	30 June 2015	31 March 2015	31 December 2014	30 September 2014
Trading portfolio value	£1.04m	£1.84m	£2.14m	£1.60m	£4.15m
Company net asset value	£1.14m	£1.95m	£2.26m	£1.80m	£4.40m
Net asset value per share	3.09 pence	5.27 pence	6.09 pence	4.85 pence	11.87 pence
Share price - mid	2.75 pence	3.12 pence	3.63 pence	4.38 pence	5.25 pence
Share price discount to net asset value	11%	41%	40%	10%	55%
Market capitalisation	£1.02m	£1.16m	£1.35m	£1.62m	£1.95m

As in the previous announcements, with one exception, all valuations are based on the closing market bid prices or lower directors' valuation as described in the 2014 annual report. 

The modest improvement in net asset value from 31 December 2014 to 31 March 2015 has been completely reversed so that values are now reduced by 50% to an all-time low, consistent with the mineral exploration sector.  We expect to comment in greater detail when we release our annual results towards the end of the month.

The Company's website, www.starvest.co.uk, has further details of the portfolio.

Callum Baxter Chairman & Chief Executive 6 October 2015

Enquiries to:

Callum Baxter, [e-mail] or John Watkins, Finance Director 07768 512404, [e-mail]

Colin Aaronson/Harrison Clarke - Grant Thornton UK LLP 020 7383 5100

Nick Emerson - SI Capital Limited 01483 413500

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