TIDMSVE

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      28 June     28 March   30 September 
                                  2013         2013         2013           2012 
 Trading portfolio            GBP2.52m     GBP2.25m     GBP2.76m       GBP3.51m 
  value 
 Company net asset            GBP2.73m     GBP2.51m     GBP3.05m       GBP3.66m 
  value 
 Net asset value                  7.44   6.77 pence   8.23 pence           9.86 
  per share                      pence                                    pence 
 Share price -                    5.62   5.38 pence   5.00 pence      6.5 pence 
  mid                            pence 
 Share price discount 
  to net asset 
  value                            24%          21%          39%            34% 
 Market capitalisation        GBP2.09m     GBP1.99m     GBP1.90m       GBP2.41m

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; john@starvest.co.uk

Colin Aaronson or Ed Thomas - 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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