Net asset value update
The net asset value at the close of business on Friday 30 December 2011 was:
|
|
31 December 2011
|
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.
Enquiries to:
Bruce Rowan, Chairman 07956 941503 or
John Watkins, Finance Director 01483 771992; john@starvest.co.uk
Gerry Beaney, Colin Aaronson or David Hignell, Grant Thornton Corporate Finance 020 7383 5100
