Net Asset Value as at 30 September 2014

RNS Number : 2702T

Starvest PLC

02 October 2014

 



Wednesday 2 October 2014

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

Net asset value update at 30 September 2014

The Company announces its net asset value as at the close of business on 30 September 2014 as follows:

	30 September 2014	30 June 2014	31 December 2013	30 September 2013
Trading portfolio value	£4.15m	£3.29m	£1.95m	£2.52m
Company net asset value	£4.41m	£3.59m	£2.36m	£2.73m
Net asset value per share	11.87 pence	9.68 pence	6.35 pence	7.44 pence
Share price - mid	5.88 pence	5.50 pence	3.88 pence	5.62 pence
Share price discount to net asset value	50%	43%	39%	24%
Market capitalisation	£2.18m	£2.04m	£1.44m	£2.09m

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2013 annual report.  The discounts applied to bid prices at 30 September 2014 totalled £350,910 (31 March 2014: £734,824)

Whilst the Company's portfolio has shown a substantial increase in value during 2014, the market price has not kept pace so the discount has widened to 50%.  We will provide a full commentary as part of our annual report which we expect to publish in early November. 

R Bruce Rowan Chairman & Chief Executive 2 October 2014

Enquiries to:

Bruce Rowan, Chairman 020 7486 3997 or John Watkins, Finance Director 07768 512404; [e-mail]

Colin Aaronson or Ed Thomas - Grant Thornton UK LLP 020 7383 5100.

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