Wednesday 4 January 2012
Net asset value update
The net asset value at the close of business on Friday 30 December 2011 was:
|
|
31 December 2010 |
30 September 2011 |
Change % |
|
Trading portfolio value |
£4.75m |
£5.47m |
-13% |
|
Company asset value net of debt |
£5.42m |
£6.62m |
-18% |
|
Net asset value - fully diluted per share |
14.6 pence |
17.6 pence |
-17% |
|
Share price - mid |
12.0 pence |
13.0 pence |
-8% |
|
Share price discount to fully diluted net asset value |
18% |
26% |
|
|
Market capitalisation |
£4.41m |
£4.77m |
-7% |
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 final dividend of 0.5 pence per share payable on 20 January 2012 to holders of Ordinary shares as at the close of business on 6 January 2012.
|
R Bruce Rowan Chairman & Chief Executive 4 January 2011 |
|
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