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NAV Update. erneute Steigerung. Grüße Announcement 15 May 2007 Net asset value update As at the close of business on 11 May 2007, Starvest had a holding of 8.25m Ordinary shares in African Platinum plc (“Afplats”) valued at £4,537,500. The Scheme of Arrangement under which Afplats is being acquired by Impala Platinum Holdings Limited was sanctioned by a Court Order on 10 May 2007 to be effective on 14 May 2007. Accordingly on 28 May 2007, Starvest expects to receive the consideration of £4,537,500. Under normal circumstances the next net asset value update would be made immediately following 30 June 2007. However, following the conclusion of the Afplats takeover, the directors are pleased to provide an intermediate update. Taking into account the consequential tax liability resulting from the Afplats takeover and other recent changes in the values of the investment portfolio, the Starvest net asset value as at 11 May 2007 was £16.7m which equates to 40.96 pence per share. This represents an increase of £1.3m since 30 March 2007. The net asset value is calculated on a fully diluted basis, after a taxation provision on estimated trading profits for the current year to 30 September 2007 of £1.525m but without any provision for taxation on unrealised profits. The closing share price on 11 May 2007 of 26.5 pence was at a discount to net asset value of 35.3%. The directors expect to release the next update on 2 July 2007. |
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| aus der Diskussion: | Starvest der Mineninvestor |
| Autor (Datum des Eintrages): | bobelle (16.05.07 12:42:27) |
| Beitrag: | 17 von 128 (ID:29341638) |
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