Starvest PLC Net Asset Value at 31 December 2013 (9535W)
January 06 2014 - 3:24AM
UK Regulatory
TIDMSVE
RNS Number : 9535W
Starvest PLC
06 January 2014
Monday 6 January 2013
Starvest plc
("the Company")
Net asset value update at 31 December 2013
The steady decline in valuations since early 2011 has continued
during the quarter, with a further fall of 13.5% in the Company's
net asset value since 30 September 2013.
The long awaited recovery for the junior companies seems as far
away as ever and the fundraising challenge continues; invariably,
they need new funds to enable them to continue their exploration
and development plans.
Against this background, the Company announces its net asset
values as at 31 December 2013 as follows:
31 December 30 September
2013 2013
Trading portfolio GBP1.95m GBP2.52m
value
Company net asset GBP2.36m GBP2.73m
value
Net asset value per 6.35 pence 7.44 pence
share
Share price - mid 3.88 pence 5.62 pence
Share price discount
to net asset value 39% 24%
Market capitalisation GBP1.44m GBP2.09m
All valuations are based on the closing market bid prices or
lower directors' valuation as described in the 2013 annual
report.
The Company will next update the market as soon as practicable
after 31 March 2014, or in the event of a significant change in
valuation during the quarter.
R Bruce Rowan
Chairman & Chief Executive
6 January 2014
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 UK LLP 020 7383
5100
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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