SVE Starvest Plc

 
TIDMSVE 
 
Monday 3 October 2011 
 
 
 
Net asset value at 30 September 2011 
 
Investee  company share prices and therefore  valuations have been challenged in 
recent  weeks.  The current valuation shows  a 58% increase during the past year 
since  30 September 2010; this is  in spite of  the steady fall during 2011 from 
the  peak valuation  of  GBP10.44m  at 31 December  2010.  Having taken substantial 
profits  as previously  announced, at  30 September 2011 the  valuation includes 
cash  of  GBP1.1m net of  creditors and is arrived  at after a full corporation tax 
provision on the profit for the year. 
 
                      30 September                30 30  September  Change since 
                                  2011 June     2011          2010     September 
                                                                            2010 
                                                                               % 
 
Company asset value              GBP6.62m         GBP8.10m         GBP4.19m           58% 
net of debt 
 
Net asset value -          17.57 pence   21.21 pence   11.28 pence           56% 
fully diluted per 
share 
 
Share price - mid           13.0 pence   12.50 pence    7.75 pence           68% 
 
Share price                      26.0%         41.1%         31.3% 
discount to net 
asset value 
 
Market                           GBP4.77m         GBP4.59m         GBP2.84m           68% 
capitalisation 
 
 
 
All  valuations are based on  the closing market bid  prices or lower directors' 
valuation  as described in the 2010 annual report  and are net of a 10% discount 
totalling  GBP605,000 applied to substantial holdings. 
 
The  Board expects to announce  the full audited results  for the year ended 30 
September 2011 and to provide an investment commentary by 28 October 2011. 
 
 R Bruce Rowan 
 
 Chairman & Chief Executive 
 
 3 October 2011 
 
 
Enquiries to: 
 
Bruce   Rowan,   Chairman   020 7486 3997 or   John  Watkins,  Finance  Director 
07768 512404; john@starvest.co.uk 
 
Gerry Beaney, Colin Aaronson or David Hignell, Grant Thornton Corporate Finance 
020 7383 5100 
 
END 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Starvest plc via Thomson Reuters ONE 
 
[HUG#1551680] 
 

Starvest (LSE:SVE)
Historical Stock Chart
From Sep 2024 to Oct 2024

Starvest (LSE:SVE)
Historical Stock Chart
From Oct 2023 to Oct 2024