Wednesday 2 July 2014
Starvest Plc ("Starvest" or "the Company")
Net asset value update at 30 June 2014
The Company announces the net asset values as at the close of business on 30 June 2014 as follows:
|
|
30 June 2014 |
31 March 2014 |
31 December 2013 |
30 September 2013 |
|
Trading portfolio value |
£3.29m |
£3.53m |
£1.95m |
£2.52m |
|
Company net asset value |
£3.59m |
£3.90m |
£2.36m |
£2.73m |
|
Net asset value per share |
9.68 pence |
10.5 pence |
6.35 pence |
7.44 pence |
|
Share price - mid |
5.50 pence |
6.25 pence |
3.88 pence |
5.62 pence |
|
Share price discount to net asset value |
43% |
40% |
39% |
24% |
|
Market capitalisation |
£2.04m |
£2.32m |
£1.44m |
£2.09m |
All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2013 annual report. The discounts applied to bid prices at 30 June 2014 totalled £718,148 (31 March 2014: £734,824)
Whilst the Company's portfolio has shown an increase of over 50% in net asset value during 2014, it is showing a small loss against the values at 31 March 2014 when the interim statement was published.
As a number of our investee companies have made significant announcements in the recent past, we plan to upgrade the website, www.starvest.co.uk, as soon as possible.
|
R Bruce Rowan Chairman & Chief Executive 2 July 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