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Investment Performance Chairman?s update for shareholders ? 7 January 2010 The Starvest investment performance since 30 September 2009 has been mixed. Net of debt, the Company net asset value has declined by 4.5% during the three months to 31 December 2009. However: * the closing share price at 7.0 pence, indicates a discount to net asset value of 34%; * investment sales have realised GBP416,525 with a gross profit of GBP210,326; * the bank overdraft has been reduced below GBP300,000; Starvest uses closing bid prices or the Directors? lower valuation, if deemed appropriate. Company statistics 31 December 30 September 30 June 2009 31 December 2009 2009 2008 Trading portfolio GBP4.17m GBP4.72m GBP4.3m GBP3.92m value Company asset value GBP3.84m GBP4.02m GBP3.62m GBP3.23m net of debt Net asset value ? fully diluted per 10.59 pence 11.08 pence 10.01 pence 8.98 pence share Share price - mid 7.0 pence 11.75 pence 9.5 pence 6 pence Share price discount to fully diluted net 34% 6% premium 5% 33% asset value Market GBP2.44m GBP4.1m GBP3.31m GBP2.09m capitalisation The next valuation will be as at 31 March 2010, the end of the half year. An interim statement is expected to be released during April 2010. R Bruce Rowan Chairman & Chief Executive |
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| aus der Diskussion: | Starvest der Mineninvestor |
| Autor (Datum des Eintrages): | XIO (08.01.10 20:45:58) |
| Beitrag: | 106 von 128 (ID:38697692) |
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