SVE Starvest Plc

 
TIDMSVE 
 
Tuesday 2 October 2012 
 
 
 
Net asset value at 30 September 2012 
 
At   30 September  2012 the  nine  core  investee  companies  in  our  portfolio 
represented 75% by value of the total.  We have no debt and we continue to value 
our investee companies on a conservative basis. 
 
However,  2012 has been  a tough  year in  which the  share prices of our chosen 
investee companies have steadily fallen. 
 
We  will set  out our  thoughts in  the annual  report which  is to be mailed to 
shareholders  in early November.   In the meantime,  there can be  no doubt that 
small-cap  mineral exploration ventures, in which we are predominantly invested, 
have  been particularly badly  hit by current  worldwide uncertainties; many are 
finding it hard to raise new cash to continue with their early stage exploration 
and other activities so huge patience is required. 
 
 
 
                                             30          30 30  September 2011 
                                      September        June 
                                           2012        2012 
 
Company asset value net of tax            GBP3.66m       GBP3.87m              GBP6.62m 
 
Net asset value - fully diluted per  9.86 pence 10.43 pence        17.57 pence 
share 
 
Share price - mid                     6.5 pence  6.38 pence        13.00 pence 
 
Share price discount to net asset           34%         39%                26% 
value 
 
Market capitalisation                     GBP2.41m       GBP2.37m              GBP4.77m 
 
 
 
 
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 10% discount 
totalling  GBP354,000 applied to substantial holdings. 
 
The  Board expects to announce  the full audited results  for the year ended 30 
September 2012 and to provide an investment commentary by 26 October 2012. 
 
 R Bruce Rowan 
 
 Chairman & Chief Executive 
 
 2 October 2012 
 
 
 
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 
 
 
 
 
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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#1645725] 
 

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