Net asset value update at 30 June 2015

RNS Number : 5067S

Starvest PLC

08 July 2015

 



Wednesday 8 July 2015

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

Net asset value update at 30 June 2015

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

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

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

Sadly, the modest improvement in net asset value from 31 December 2014 to 31 March 2015 has largely been reversed this quarter.  This is in spite of real progress having been made in several of the Company's investments.  As yet, there is a long way to go before we see a return to the values experienced in the recent past.

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

R Bruce Rowan Chairman & Chief Executive 8 July 2015

Enquiries to:

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

Colin Aaronson - Grant Thornton UK LLP 020 7383 5100

Nick Emerson - SI Capital Limited 01483 413500

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