TIDMSVE

RNS Number : 4146B

Starvest PLC

06 October 2015

Tuesday 6 October 2015

Starvest Plc ("Starvest" or "the Company")

Net asset value update at 30 September 2015

The Company announces the net asset value as at the close of business on 30 September 2015 as follows:

 
                          30 September      30 June     31 March   31 December   30 September 
                                  2015         2015         2015          2014           2014 
 Trading portfolio            GBP1.04m     GBP1.84m     GBP2.14m      GBP1.60m       GBP4.15m 
  value 
 Company net asset            GBP1.14m     GBP1.95m     GBP2.26m      GBP1.80m       GBP4.40m 
  value 
 Net asset value            3.09 pence   5.27 pence   6.09 pence    4.85 pence    11.87 pence 
  per share 
 Share price -              2.75 pence   3.12 pence   3.63 pence    4.38 pence     5.25 pence 
  mid 
 Share price discount 
  to net asset value               11%          41%          40%           10%            55% 
 Market capitalisation        GBP1.02m     GBP1.16m     GBP1.35m      GBP1.62m       GBP1.95m

As in the previous announcements, with one exception, all valuations are based on the closing market bid prices or lower directors' valuation as described in the 2014 annual report.

The modest improvement in net asset value from 31 December 2014 to 31 March 2015 has been completely reversed so that values are now reduced by 50% to an all-time low, consistent with the mineral exploration sector. We expect to comment in greater detail when we release our annual results towards the end of the month.

The Company's website, www.starvest.co.uk, has further details of the portfolio.

 
 Callum Baxter 
  Chairman & Chief Executive 
  6 October 2015

Enquiries to:

Callum Baxter, callum@starvest.co.uk or John Watkins, Finance Director 07768 512404, john@starvest.co.uk

Colin Aaronson/Harrison Clarke - Grant Thornton UK LLP 020 7383 5100

Nick Emerson - SI Capital Limited 01483 413500

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 06, 2015 09:21 ET (13:21 GMT)

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