LATEST NEWS
Announcement 2 July 2008
Chairmanís update for shareholders - July 2008
Investment performance
The past three months have proved to be more challenging than the three previous quarters with a further decline in the net asset value of £1m or 8.7%.
There has been speculation that the crises impacting the financial markets would lead to world-wide recession with a consequential reduction in demand for natural resources and services. In addition, a recent Financial Times article suggested that many private investors, to whom small-cap resource companies look for support, have become more cautious in their outlook and investing habits citing actual and anticipated inflation as a key reason. Against this background many of the companies in which Starvest is invested have seen their share prices fall during the past year.
To download the full announcement click here (PDF)
Enquiries to:
Bruce Rowan, Chairman 020 7486 3997 or
John Watkins, Finance Director 01483 771992; john@starvest.co.uk
Gerry Beaney or Colin Aaronson, Grant Thornton Corporate Finance 020 7383 5100
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