Net Asset Value(s)

RNS Number : 2116L

Starvest PLC

02 July 2014

 



Wednesday 2 July 2014

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

Net asset value update at 30 June 2014

The Company announces the net asset values as at the close of business on 30 June 2014 as follows:

	30 June 2014	31 March  2014	31 December 2013	30 September 2013
Trading portfolio value	£3.29m	£3.53m	£1.95m	£2.52m
Company net asset value	£3.59m	£3.90m	£2.36m	£2.73m
Net asset value per share	9.68 pence	10.5 pence	6.35 pence	7.44 pence
Share price - mid	5.50 pence	6.25 pence	3.88 pence	5.62 pence
Share price discount to net asset value	43%	40%	39%	24%
Market capitalisation	£2.04m	£2.32m	£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 June 2014 totalled £718,148 (31 March 2014: £734,824)

Whilst the Company's portfolio has shown an increase of over 50% in net asset value during 2014, it is showing a small loss against the values at 31 March 2014 when the interim statement was published.

As a number of our investee companies have made significant announcements in the recent past, we plan to upgrade the website, www.starvest.co.uk, as soon as possible.

R Bruce Rowan Chairman & Chief Executive 2 July 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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