Net asset value at 31 December 2014

RNS Number : 1841B

Starvest PLC

02 January 2015

 



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

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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