SVE Starvest Plc

TIDMSVE

RNS Number : 9632U

Starvest PLC

04 January 2012

Wednesday 4 January 2012

Net asset value update

The net asset value at the close of business on Friday 30 December 2011 was:

 
                          31 December   30 September   Change 
                                 2010           2011        % 
 Trading portfolio 
  value                      GBP4.75m       GBP5.47m     -13% 
 Company asset value 
  net of debt                GBP5.42m       GBP6.62m     -18% 
 Net asset value - 
  fully diluted per 
  share                    14.6 pence     17.6 pence     -17% 
 Share price - mid         12.0 pence     13.0 pence      -8% 
 Share price discount 
  to fully diluted net 
  asset value                     18%            26% 
 Market capitalisation       GBP4.41m       GBP4.77m      -7% 
 

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2011 annual report and are net of a final dividend of 0.5 pence per share payable on 20 January 2012 to holders of Ordinary shares as at the close of business on 6 January 2012.

 
 R Bruce Rowan 
  Chairman & Chief Executive 
  4 January 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 information is provided by RNS

The company news service from the London Stock Exchange

END

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