SVE Starvest Plc

 
TIDMSVE 
 
Monday 11 October 2010 
 
 
 
Net asset value update - 8 October 2010 
 
The Starvest investment performance since 30 September 2009 has been mixed. 
 
During  the year  ended 30 September  2010, net of  debt, the  Company net asset 
value  appreciated by 4.2% closing at  GBP4.19m.  However, during the ten months to 
end  July 2010, market conditions were very tough, especially for junior mineral 
exploration  companies many of which struggled to raise necessary cash.  The low 
point  was at  the end  of July  since when  a 75% recovery  has transformed the 
portfolio.  The facts at the 30 September and on 8 October 2010 were as follows: 
 
                              30 September 2010 8 October 2010 30 September 2009 
 
Trading portfolio value                   GBP4.57m          GBP4.82m             GBP4.72m 
 
Company asset value net of                GBP4.19m          GBP4.42m             GBP4.02m 
debt 
 
Net asset value - fully             11.28 pence    11.91 pence       10.72 pence 
diluted per share 
 
Share price - mid                    7.75 pence     8.75 pence       11.75 pence 
 
Share price discount to fully             31.3%         26.56%        9% premium 
diluted net asset value 
 
Market capitalisation                     GBP2.84m          GBP3.21m              GBP4.1m 
 
 
 
The  next valuation will be as at  31 December 2010, or earlier if values change 
significantly. 
 
 R Bruce Rowan 
 
 Chairman & Chief Executive 
 
 11 October 2010 
 
 
 
 
Enquiries to: 
 
Bruce   Rowan,   Chairman   020 7486 3997 or   John  Watkins,  Finance  Director 
07768 512404; john@starvest.co.uk 
 
Gerry Beaney or Colin Aaronson Grant Thornton Corporate Finance 020 7383 5100 
 
END 
 
 
 
 
 
[HUG#1450973] 
 
 
 
 
 
 
 
 
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Source: Starvest plc via Thomson Reuters ONE 
 

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