Net asset value update at 30 September 2013

RNS Number : 7056P

Starvest PLC

03 October 2013

 

Thursday 3 October 2013                             

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

Net asset value update at 30 September 2013

The steady decline in the Company's net asset value since early 2011 has been halted in the last quarter as the market for early stage exploration stocks has seen some modest improvement.  We will comment in more detail in the Company's annual report which expect to issue in early November.

The Company announces the net asset values as at the close of business on 30 September 2013 as follows:

	30 September  2013	28 June  2013	28 March  2013	30 September 2012
Trading portfolio value	£2.52m	£2.25m	£2.76m	£3.51m
Company net asset value	£2.73m	£2.51m	£3.05m	£3.66m
Net asset value per share	7.44 pence	6.77 pence	8.23 pence	9.86 pence
Share price - mid	5.62 pence	5.38 pence	5.00 pence	6.5 pence
Share price discount to net asset value	24%	21%	39%	34%
Market capitalisation	£2.09m	£1.99m	£1.90m	£2.41m

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2012 annual report.

R Bruce Rowan Chairman & Chief Executive 3 October 2013

Enquiries to:

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

Colin Aaronson or Ed Thomas - Grant Thornton Corporate Finance 020 7383 5100

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