Used to be Webshareshop and changed it's strategy to mineral investment a while back. Been up and down of late but looks set for growth again, good news flow this am and at last results, could hit 18p imo by xmas, no reason not given it's discount to nav, not it makes a profit and has positive, think it was just over a penny eps.

ellio,

Any chance of a chart and a few links in the header please?

It adds interest to a thread the more informatin contained in the header IMO.

I hold SVE.

Seems like sve moves in line with app, used to be south african mining!

still looking cheap,

They have addworth, hidefield, app, black rock and have all moved ahead, my conservative est. for nav based on results last Oct is MID 20's

They are profitabel and have an eps, imo 20p with 20-30% disc to nav is fair, 15 p is cheap though, dyor long term could be very good though iif black rock etc deliver, app(south african mining could still be a very big platinum exporter and platinum is going up in-line with gold and a bit

The net asset value based on mid-market closing prices on Monday 31 October 2005 was 8.4 million which equates
to 21.5 pence per share calculated on a fully diluted pre tax basis

things have increased alot since then, in particular aff plats (app) has gone up dramatically, believed to be 35% of above.

Also, Beowulf moving ahead strongly,

imo, sve could be at 30p+ nav. OK cool down, bu hey 15-16 is cheap, we may yet see 20p+ at results and 50% up side is realistic in 3-5months imo if the mining and mineral trend continues

forgot to mention this

Concorde Oil and Gas plc

Concorde commenced trading on the OFEX 19.09.2005.

Starvest, a AIM listed fund run by the legendary shrewd trader Bruce Rowan has a
significant stake here.


Concorde Oil and Gas Plc (Concorde) is charged with the objective of identifying,
acquiring and operating oil and gas opportunities in the Russian Federation. The
Directors of Concorde have extensive experience in the oil and gas industry and
also benefit from an extensive network of contacts developed from their time at
the oil major, Texaco.

Concorde's vision and business model requires that international operations will
be undertaken in regions where a competitive advantage can be achieved by
leveraging unique local contacts and developing a strong, regionally focused
energy company.

Concorde will only pursue acquisitions that are in production or are discoveries
with early production potential. It is considered that the acquisition premium
required for this type of opportunity, where early cash flow is achieved, is
preferable to the higher risk and longer- term nature of pure exploration.


nice thread on these also! wonder what nav sve is at mo!!!!

These look stupidly cheap too me, see above

Megga cheap guys, hope you've added a few.

I can not see any of their investments not showing solid or signifcant returns

NAV aprox 30p imo

About time, 20p short-term min imo still substantial disc to nav, if they were an IT they'd be closer to 30p

don't say i didn't tell you! I think I'm talking to myself though,

looks like my nav of 30p is bang-on, I don't think it could be as high as 40p, take some working out but 30-35p possibly! at this price 25p about were it should be until sve declair what they are worth, could go to 30p but were nearly there now so not the raving mad buy they were at the mo.

WTF???
40% up? What's that all about?

Net Asset Value(s)

RNS Number:7615X
Starvest PLC
01 February 2006

RNS announcement for release Wednesday 1 February 2006

Starvest plc


Net asset value at 31 January 2006

The Directors report a 96% increase of #8.1m in the value of the Starvest
portfolio since 31 October 2005, the date of the last quarterly update.
The net asset value based on mid-market closing prices on Tuesday 31 January
2006 was #16.5m, which equates to 39.9 pence per share, an increase of 18.4
pence per share since 31 October. All values are calculated on a fully diluted
pre tax basis.

With the Starvest share price closing at 15 pence, the discount to net asset
value at 31 January 2006 was 62%.

Interim statement

The Board plans to issue a full interim statement during the week of 13 February
2006.



Got this from ADVFN.
Why hasn't it been flagged up on MoneyAM?

ellio

you were not talking to yourself. So thx very much. Probably enough for me soon

And I can't get on board. My online dealing with Halifax indicates that this is not going through the automated channels at present!!!

Okay,
In now

No problem

I was right on though it wasn't 40p, 39.99 what a laugh,

at 25p still lots of upside, 30p still gives healthy disc., I'm lovin it.

Makes up for my losses in sea, don't understand that one either.

Also take a look at mne!! have to admit pickes these up sub 40p just liked the feel of it, now look, also mlw strong assets

looking cheap again, the facts are the facts nav is aprox 40p

NEWS:

Portfolio increase of 96% in three months to 31 January2006. NAV now 39.9 pence per share fully diluted.

A full interimstatement due for release during the week of 13 February 2006.

Should move up now before 13!

From forsquare report, oct 2005
"Therefore the coming year could see a further
substantial appreciation in Starvests Net
asset Value per Share. We also believe that
the current circa 45% discount to assets is
unwarranted and has scope to narrow
considerably once investors come to better
appreciate Starvests qualities"

Can't believ these have pulled back so much, OK some disc but not this, be interesting on Mon with formal RNS, see black rock now moving ahead, also held by SVE.

ellio,

What "formal RNS" please?

I hold, and am looking to buy into any pullback from next week, so am hoping this will stay around these lower levels for a bit longer for purely selfish reasons!

One of the reasons for the discount to NAV is the tax situation, and another is the illiquidity of some of the holdings.

As more move over to AIM, this wil have the effect of decreasing the discount to NAV, IMHO, due to the increased liquidity.

A good long term hold IMO, and certainly whilst the commodity bull run continues.

it is good to see Bruce diversyfying as in Myhome, and not being so reliant on only the commodity sector.

I would like to see moe oil and gas holdings, if not some startup biofuels/ethanol/renewable energy stocks.

At sve's website, latest news states nav at 39.9p at close 31-01-06 further down it states

"The Board plans to issue a full interim statement during the week of 13 February
2006" so was expecting formal RNS, basically formalising above and anything else.

Agree with all your comments but disc is a bit heavy as % probably in-line with historic trend but now the nav is a lot larger would expect no more than 30% which puts these somewhere around 25-28p, 30p at a push imo.

have you bought into rva? or D1/BIO?

Also, really like mne and mlw!!!

go sve!!!!

28p on Mon? bet the mm's wont like it if people pile in ha ha, still they'll probably just drop the price and shake people back out.

SVE looks more like a longterm major play imo, some of there investments have still to develop fully and they just keep finding new 150-200k investments that double and triple. We may even see them diversify a bit more soon like the addworth investment. Remember this was once webshareshop so these guys have an eye for tech as well.

ellio,

I agree, SVE does look like a long term hold, some of the acorns planted are already growing, and some of the profits should enable the next batch of seeds to be sown.

Like you, I like the diversification into other areas, I invest mainly in resource stocks, but a fund such as this needs to plan long term, hence the need to vary the sectors invested in now, IMO.

RNS due this week re value of SVE's holdings, should be positive for the SP IMO.

28p short-term imo

The results announced today can be accessed by clicking HERE

22p, i don't think so, 28p imo and then 30p+

ellio,

SVE don't react quickly to changes in the value of their holdings, and because some of them are illiquid OFEX stocks, and the tax situation, we don't see even close to NAV at the moment.

When stcks such as Afp (amex) and Concorde(AIM), list on other exchanges, I think you will see a proper rerating.

That will be later in the year though, IMO.

Recently though sve have been reacting to app, its up 25% today, and sve usually goes with it, think it should be up a fair % today, still think 28p is solid value for sve right now, 30p even at a push, it will hit there soon if app can stay above 30p.

APP is a solid buy imo in its own right.

ellio,

Re APP, I certainly agree.

More investments, diamond sds, if this double to 5p another 400k in the pot, I think sve has gone beyond 40p possibly 44-45, giving massive 40-50% disc to nav still think 28p, possibly 30p short-term, may stick at 35p, who knows but certainly the nav is worthy and very exciting long-term. SVE seem to find one jewel after another, 30p could be a break-out with more news regarding divis etc.

This gets more and more undervalued, aff plats consolidated above 30p, other investments doing well, seen addworth?

possibly 50p nav, giving over 50%disc, why why!!

target of 30p min is set for this week, surely

Hope so. I'm as puzzled as you by this one.
Alan

Well looks like 28p, which is nice but still undervalued

I think we'll rename sve as Brucy babies!

Prefer a Brucy Bonus. ;-)
Alan

hewwittalan6,

We just got two!, Concorde up again, SVE up again!

lol, Brucy bonus, higher higher!

CPNR nearly doubled today!

ANOTHER Brucey bonus!

same old story with sve nothing to justify today's fall(apart from market sentiment)30p is good value!

nothing to worry about in the medium term ellio. As I see it, 'The only way is up' (was that Belinda Carlisle?)

Yazz and the Plastic Population

testing 30p!

ellio,

Nice RNS!

ellio,

Don't forget there is the EGM this afternoon, which MAY provide some momentum!

where???

something to do with

By application to the High Court, it is possible to have the share premium
account which stands at 2,026,396 reduced thus creating a situation where the
deficit on the profit and loss account can be eliminated. This will enable the
Board to consider the payment of a dividend rather sooner than would otherwise
be the case. We expect that our Shareholders will welcome this development.

To this end, the Board has called an Extraordinary General Meeting of Members to
be held on Tuesday 14 March 2006.

Ellio,

55, Gower Street, London.

near Goodge St, Tube Station.

@ 15:00

Andy are you going?

I live up North, but do get into London a bit, could of come today as well, dam, forgot all about the egm and could of arranged an excuse to be in town. I trade through tdw, but never recieve much in way of docs, think it must go into a big black hole.

Never mind the EGM, here's the NAV!!!! (Sorry Andy, Ellio, I realise now that you've already seen it . . . but I think it makes interesting reading.)

RNS Number:7508Z
Starvest PLC
14 March 2006

Starvest plc

Net asset value update at 13 March 2006

The Directors are pleased to report the continuing increase the net asset value
of the Company's portfolio since 31 January 2006. Based on mid-market closing
prices on Monday 13 March, the position was:

*Company net asset value pre tax: 18.8m

*Net asset value per share pre tax: 45.3 per share, fully diluted

*Share price: 26.25 pence

*Share price discount to NAV: 42.05%

*NAV increase since 31 January 2006: 2.3m


Investments

Other than where required by the relevant regulations, it is not the policy of
the Company to disclose the number of shares held in investee companies. However
the Directors have decided to make an exception and advise that following recent
sales of 5.75m ordinary shares in African Platinum plc at prices up to 30.25
pence per share, the Company has recently raised 1.7m and made a gross profit
of 1.64m. The Company continues to have a substantial holding of 10.25m
ordinary shares in African Platinum plc approximating to 2.4% of the shares in
issue.

Since the Interim report issued as at 31 January 2006, Starvest has made a new
investment in Sunrise Diamonds plc, added to its investment in St Helen's
Capital plc and committed to support Greatlands Gold plc, a company with
advanced gold resources in Western Australia and Tasmania, which expects to be
admitted to AIM later this year.


Extraordinary general meeting

The result of the extraordinary general meeting of Members to be held at 3.00 pm
today will be announced later.


R Bruce Rowan
Chairman & Chief Executive
14 March 2006


If I wasn't fully invested I'd be looking to buy . . . .

1.7m, ready to invest or return to investors?

This is starting to turn into a little gem, wonder what the egm will bring,

good luck to all sve holders

Enjoying this one.
Many thanks for drawing my attention to it, ellio.
Alan

hope you didn't follow my advice on stream, majorly dissapointed, not sure whats happened there.

Sve looking set for 40p!!(makes up for losses on sea, can't get them all right!)

ellio,
No disrespect (this was an excellent pick) but I don't follow anyones advice. I DYOR. What you offered was a "heads up", and all tips should be treated that way. If we all did that the rampers and trashers could go to hell in a handcart.
I am still very grateful though, for that timely heads up and it ranks you in the list of those I treat seriously.
Once again, thanks for the call.
Alan

"spot-on" it what we all hope for as private investors, and thanks!!

Lovely stuff.
If the high court let them do the bit of financial jiggery-pokery they want then with the profits they expect to make THIS YEAR, they will consider a share buyback AND/OR a divi.
Top drawer.
Alan

ellio,

Yes I did attend the EGM.

Present were Bruce, Tony, and John representing the company, the NOMAD was represented, Bob Young CEO of Beowulf, and 11 attendees.

The reason for the EGM was to propose the repayment of the P/L defecit account from the share premium Account, a resolution that was duly passed by 11 million votes to 5,000!

As a result of this, Starvest are now free to either pay a dividend, buy back shares for cancellation, or as Treasury shares.

Whilst I personally prefer capital growth, the consensus seems to be that the market will take a positive view of SVE paying dividends.

After this there followed an interesting general discussion regarding SVE's holdings, and their respective values.

Bruce announced that SVE would be taking a position in Greatland Gold, a company soon to list on AIM.

All in all the meeting was very positive, as you would expect after the recent rise in the NAV, and I would expect to see SVE pay an initial dividend before year end.

Starvest plc

Extraordinary general meeting

At an extraordinary general meeting of Members held today, the two resolutions
before Members were both passed. As a consequence, the Company will now petition
the High Court for the share premium account to be reduced by #659,487 thus
eliminating the negative balance on the Company's profit and loss account as at
31 January 2006. This procedure is likely to take several months.

When the court order is granted and with the profits expected to be declared for
the current financial year to 31 July 2006 the Board will consider:

*a share buy back programme, authority for which was last granted at the
2005 AGM, and/or

*the payment if a first dividend on ordinary shares.


R Bruce Rowan
Chairman & Chief Executive

Thanks for the report, Andy.
Alan

Alan,

My pleasure.

excellent Andy, cheers

locking in profits already!

On the march again

Good news coming? small tree shake in preparation!

ellio,

Could be very good news, if CDE do manage to conclude and bring home the Pechora Energy deal, SVE will certainly move if that happens.

They could announce at any time now.

Everything crossed!

Looking ver cheap again, 35p min target!!

ellio,

Not without details of the CDE deal I fear.

A lot now depends on the price CDE can raise capital in the city to fund the Pechora Energy purchase, and move to AIM.

If the price is around the current level, it should be ok, but if the price is at a sizeable discount, then SVE would suffer in the near term IMO.

Good points as always Andy,

Do you think sve will add to its holding? they have the money!

sve have just picked up another 15million shares in INDY which is steadily rising-that seems to be flavour of the month at the moment. If CDE float on Aim it may be a while before they get going but I'm holding for the longer term.moved out of SVE for the moment hope I'm not left behind.

ellio,

Certainly not, (IMO), it's too big as a percentage of their (SVE) portfolio already IMO, but you never know, Bruce may take some to maintain the percentage holding they have, but I would think he will offload some when CDE trade on the AIM, as he has to diversify the risk.

CDE has done far better then Bruce thought in the time frame, so whilst I expect him to keep a large holding for the longer term , I think he will reduce CDE, as he has done Afplats.

A lot of SVE holdings are illiquid, so in order to rotate his investments, Bruce can only trade the more liquid ones.

Andy,

For the record I think CDE is a very exciting opportunity!! I believe they are playing it down a bit because they want to get people(city) on board at reasonable level and at these levels things look very attractive, the potential could be massive?

Starvest:
Bruce Rowan, Chairman of Starvest Plc talks to Proactiveinvestors about Starvest Plc
(Mar 2006)

Ever wondered what it would be like to have an investment return of 3000%? Well if you want to know how it feels, call up Bruce Rowan and ask him



Free site. Need email address to register.

http://www.proactiveinvestors.com

Fall seems a bit overdone imo, not sure whats driving it down??

ellio,

Maybe CDE falling, but it doesn't bother me as i'm getting ready for a top up.

Looks like SVE being affected by CDE more than expected, meanwhile other assets continue to sparkle, Sunrise diamonds doing nicely?

SVE, becoming a bargain, will top up and add cde once they turn, probably 23p and 8p respectively imo

Going cheap, nav surely around 50p, soon be able to issue divis etc, 10x p/e

they want the stock! 40p+ by june imo if everything goes according to plan with cde

way too cheap!

40p target

African Platinum Plc
10 April 2006


African Platinum plc ('the company')
Ticker : APP
Index : AIM
Sector : Exploration


AFPLATS APPOINTS JPMORGAN CAZENOVE AS NOMINATED ADVISER AND BROKER


London, 10 April 2006 - The board of African Platinum plc ('the company') is
pleased to announce with immediate effect the appointment of JPMorgan Cazenove
as its Nominated Adviser. In addition, JPMorgan Cazenove will act as Sole
Broker to African Platinum for the purposes of the AIM Rules.

Commenting on the announcement, Roy Pitchford, CEO, said: 'Following the recent
release of the Leeuwkop project feasibility study and the increasingly tangible
nature of the company's operations, we have reached a stage where the board
feels that the time has come for the company to move its corporate affairs to
JPMorgan Cazenove'.

In the company's 2005 Annual Report, African Platinum stated that the company
had made an initial filing for a secondary listing on the American Stock
Exchange ('Amex'). However, following consultation with its advisers, the
company believes that for reasons of both cost/benefit analysis and flexibility,
it is no longer appropriate to continue with the application. Therefore the
company also today announces that it is withdrawing its current application for
an Amex listing. In conjunction with its advisers, the company will continue to
review possible overseas listing and related opportunities to complement the
existing London quotation.


LIVE WEBCAST: Afplats CEO Roy Pitchford is making a presentation at the
European Investor Metals and Mining Forum, London Stock Exchange today, 10 April
2006, at 14:40 UK time.

To view it, click on
http://www.investorcalendar.com/CEPage.asp?ID=103304



AFRICAN PLATINUM PLC ENQUIRIES:

Chief Executive - Roy Pitchford
+27 (0)82 419 2581 or +44 (0)77 9390 9985

Investor & Media Relations - Kathy du Plessis
+27 (0)11 728 4701, +27 (0)83 266 5847 (Mobile) or
info@afplats.com
Website:
www.afplats.com



DISCLAIMER: Investing in all equities, including natural resources-related
equities, carries risks which should be taken into consideration when making an
investment. This announcement contains forward-looking statements regarding
African Platinum plc, including the development of its mining development
projects. Actual results relating to any and all of these subjects may differ
materially from those presented.


This information is provided by RNS
The company news service from the London Stock Exchange ZM

Concorde looking strong again, app web cast this pm see above, most other holdings stable, lot happening on the legal front, looks bloody good to me at these levels, dyor

ellio,

ouch!

The withdrawal of the Amex listing is possibly going to hurt APP, in the short term at least, and by association, SVE too IMO!

I expect to see some selling of APP, although JPM becoming the NOMAD sends a positive message, so maybe it won't be overdone.

RNS.


Starvest PLC
02 May 2006

Starvest plc

Chairman's update for shareholders - May 2006


Investment performance

I am pleased to report that the significant progress achieved during the six
months to the interim reporting date of 31 January 2006 has been maintained. The
achievements of the past three months have been:

Raised 1.7m cash and made a gross profit of 1.64m by reducing the
holding in African Platinum plc; the Company continues to have a substantial
holding of 10.25m ordinary shares in African Platinum plc.

Based on mid-market closing prices on Friday 28 April the position was:
+ Company net asset value pre tax: 17.7m
+ Net asset value per share pre tax: 42.8 per share, fully diluted
+ Starvest share price: 26 pence
+ Share price discount to NAV: 39.27%
+ NAV increase since 31 January 2006: 1.2m

This valuation is arrived at after deducting a full tax provision on the
realised investment profits.

Since the Interim report issued as at 31 January 2006, Starvest has made
new investments in Sunrise Diamonds plc, and added to its investment in
Fundy Minerals Limited and St Helen's Capital plc. In addition, it has
acquired an interest in Greatland Gold Limited, a company with advanced gold
resources in Western Australia and Tasmania. Starvest has committed to
further support the company on its admission to AIM which is expected during
June 2006.

The Core Business plc has successfully raised funds and been admitted to
AIM.

Concorde Oil & Gas plc has announced that, subject to raising the
necessary funds during May, it expects to conclude an acquisition of
operational oil and gas assets in the Russian Federation, this to be
followed by a transfer from Ofex to AIM.

Myhome International plc declared a first profit with accelerating
expansion and a share price to match.

The Board continues to be very pleased with the 24 investments held; we expect
continued growth during the next two years during which we will take a cautious
view in changing markets.

Extraordinary general meeting

The resolutions before Members at the extraordinary general meeting held on 14
March 2006 were duly passed. The Company is in the process of submitting a
petition to the High Court to have the deficit on the profit and loss account
cancelled, thus bringing forward the time when a dividend may be paid or the
Company may purchase its own shares. An update will be provided in the annual
report due during September 2006.

Taxation

A number of Shareholders have enquired as to the status of the Company's shares
for the purposes of capital gains tax and inheritance tax. The Company's
advisers, Grant Thornton, have opined that the tax position of Shareholders
should be as follows:

Taper relief: The Company should be regarded as a qualifying company for
business asset taper relief applicable for capital gains tax purposes.

Business property relief: Although the Company's shares are listed on
AIM, business property relief from inheritance tax is not available where
the business of the company consists of dealing in securities, stocks or
shares; this is Starvest's business.

Shareholders should always seek their own professional advice on personal
taxation matters.

The Company now holds trade investments in the following companies:

Addworth plc Active capital investment company


www.addworth.co.uk


African Platinum plc Platinum group metals in Southern Africa


www.afplats.com


Agricola Resources plc Platinum and uranium exploration


www.agricolaresources.com


Belmore Resources (Holdings) plc Zinc exploration in Ireland


www.belmoreresources.com


Beowulf Mining plc Gold and copper exploration in Sweden


www.beowulfmining.com


Black Rock Oil & Gas plc Oil and gas in Southern England,Columbia
and Australia


www.blackrockpertroleum.com.au


Brazilian Diamonds Limited Diamond exploration in Brazil


www.braziliandiamonds.com


Carpathian Resources Limited Oil and gas in the Czech and Slovak
Republics


www.carpathian.com.au


Concorde Oil & Gas plc Operational oil & gas projects in the
Russian Federation

The Core Business plc Personal care and beauty products

Franchise Investment Strategies plc Franchise consultancy and
investment


www.fisplc.com


Franconia Minerals Corporation North American minerals


www.franconiaminerals.com


Fundy Minerals Limited Gold and base metal exploration in
Canada and West Africa


www.fundyminerals.com


Gippsland Limited Tantalum exploration in Egypt


www.gippslandltd.com.au


Greatland Gold Limited Gold exploration in Western
Australia and Tasmania

Hidefield Gold plc Gold exploration in North and South
America


www.hidefield.co.uk


India Star Energy plc Oil & gas investments

Matisse Holdings plc Cash shell

Myhome International plc Domestic cleaning services


www.myhomeplc.com


Red Rock Resources plc Iron ore and manganese exploration in
Australia;
uranium exploration in Malawi.


www.rrrplc.com


Regency Mines plc Copper & nickel exploration in Australia


www.regency-mines.com


Sheba Exploration (UK) plc Gold exploration in Ethiopia


www.shebagold.com


St Helen's Capital plc Corporate finance advisor


www.sthelenscapital.co.uk


Sunrise Diamonds plc Diamond exploration in Finland


www.sunrisediamonds.com


Shareholders who wish to receive electronic copies of announcements are invited
to register their email address on the home page of the Company website:

www.starvest.co.uk
.

Your Board plans to announce the full year results to 31 July 2006 during late
August and to hold the Company's Annual General Meeting during October 2006.


R Bruce Rowan 2 May 2006
Chairman & Chief Executive


Enquiries to:

Bruce Rowan, telephone 020 7486 3997 or to
Tony Scutt, telephone 01483 475909 or to
tony@starvest.co.uk


END




This information is provided by RNS
The company news service from the London Stock Exchange

Looking in good shape, the very least we've come to expect from Bruce?? great times ahead I hope, looking forward to cde aim listing etc etc.

Banging.
Very happy to be in this.
Alan

Starvest investments powering ahead, this should be 35p+ imo, hang on in there guys 40p+ beckons within 3-6 months, and depending on cde who knows where we go!

Starvest alert, all investments steady or rising, cde about to float on aim and I think this is a shake before a major move into 30's, great buying opportunity, if CDE takes off further SVE could be in-line for major re-rating imo.

50p if CDE delivers

ellio,

Well certainly watching SVE at the moment, as you rightly say SVE's heavy CDE holding is in the spotlight, and AIM floatation for CDE due mid May.

If CDE hits 20p, I expect to see Starvest in the 30 - 35p range.

Andy,

CDE looks more and more attractive by the day, there is some real potential here!!!!

I've decided to get in, only small amount initially, a few k, before aim listing. No doubt your small investment is now a serious investment, are you thinking of off-loading a few before aim list or seeing it through?

ellio,

No I intend to hold CDE, for the longer term.

Management quality is paramount, and I believe CDE have it, so I will be holding on for the long term potential, and if all goes well, the maximum BATR.

I intend holding my Starvest for the same reasons too!

Excellent!

Andy, have you nay comments on management potential of EO. Encore Oil? I wonder whether its too late to be in either CDE or SVE?

jmeel06,

Sorry I have never looked at Encore.

With regards to CDE and SVE, I hold both for the long term, and yes I believe they will both grow shareholder value.

SVE relies on Bruce Rowan's stock picking abilities, and he's doing pretty well at the moment, he has grown SVE from a 1.4 million market cap in quite a short space of time, and there's no reason to think he won't be able to continue doing the same, IMO.

Concorde intend to grow quickly by aquisition, and exploration later on, so as long as the management deliver, I think we will see a higher shareprice over time.




edit,

Just had a quick look at the Encore website, and the management certainly look experienced enough, and they raised 6 million from "family and friends", not a mean feat!

The price has risen substantially recently, so It's probably taking a breather awaiting further news.

I note they are in the Wessex basin, does anyone know where exactly?

andy, they plan to drill on the golden eagle site at north sea in Q3. The block adjacent to Golden Eagle rencently found oil so prospects look promising. They are the same boys as those who discovered the buzzard field!

LONDON (AFX) - Starvest PLC said it has decided to change the accounting
reference date from July 31 to September 30 for the coming year end and
following years.

The company said it is doing this so it can present a clean balance sheet at
the next accounting year end and then more easily attain a position in which
either the company can pay a maiden dividend or engage in a programme of share
buy-backs, which the company received members' approval for at the last Annual
General Meeting on Oct 11.

The company also said the process to reduce its share premium account to
eliminate the deficiency standing on the profit and loss account is in hand but
it is unlikely to be concluded immediately.

Recent RNS update:

Starvest PLC - Net asset value update
RNS Number:0559H
Starvest PLC
01 August 2006


RNS Announcement: Tuesday 1 August 2006


Net asset value update at 31 July 2006

The Directors are pleased to report the net asset value of the Company's
portfolio at 31 July 2006. Based on mid-market closing prices, the position
was:

* Company net asset value pre tax: 13.4m
* Net asset value per share pre tax: 32.76 per share, fully diluted
* Share price: 17.25 pence
* Share price discount to NAV: 47%
* NAV increase since 31 July 2005: 6.9m or 106%


In common with the small-cap natural resources market in which Starvest is
largely invested, the portfolio value has declined during the past three months
from 17.7m at 28 April 2006. However, the Board remains content with the
investments made and confident of a recovery as these companies execute their
exploration plans.

Since the Chairman's May 2006 update was issued, Starvest has completed its
investment in Greatland Gold plc which was admitted to AIM on 3 July, increased
its investment in Addworth plc and committed to support KEFFI Minerals plc which
expects to be admitted to AIM by the end of 2006.

Change of accounting reference date

As announced on 14 July 2006, the Board has decided to change the accounting
reference date from 31 July to 30 September for the coming year end and
following years.

The immediate purpose is to facilitate the presentation of a clean balance sheet
at the next accounting year end and so more easily attain a position in which
either the Company can pay a maiden dividend or engage in a programme of share
buy-backs for which the Members' approval was sought and granted at the last
Annual General Meeting on 11 October 2005.

Consequential changes

Following the change in accounting date, the Board's current expected timetable
is:


* 2 October 2006: Net asset value update at 30 September 2006

* End October 2006: Announcement of results for the 14 months to 30
September 2006

* Mid November 2006: Publication of Directors' report and issue of AGM notice

* Mid December 2006: Net asset value update and Annual General Meeting

* 3 January 2007: Chairman's quarterly update as at 31 December 2006


Enquiries to: John Watkins, telephone 01483 771992, or to john@starvest.co.uk

END

This stock may be down on its spring valuation, but the good news is i.) that it looks cheap compared with NAV (see previous post) and; ii.) that the rceent trading in this stock has it on a trendline that began in the middle of last year, reinforcing the idea that growth should be sustainable from the current SP.

Please don't take my word for it but DYOR and charting. Any views from the regulars?

SShhhh.
I have good hopes for this one and I'm trying to keep it quiet.
If I post anything positive it will crash and burn.
Alan

In that case maybe you should recommend it for my joke "dog stock portfolio", along with SYNC and SEO !! :o)

Seriously, I think Brucie's stockpicking should be able to survive even the Hewitt effect, Al.

all,

No CDE news so far, and yesterday was the final day of their extended time to raise the finance, so maybe they did not close their book, and the Pechora deal fell through?

I hope not, as this would be negative for SVE, in the short term at least, as CDE constitutes SVE's largest holding by value.

Soul traders,

well the BID for CDE is now 2p!

They will have to reduce the NAV of SVE by around 1,700,000 at this price.

Bad day for Bruce, by the sound of it. not his fault though!

I'd kinda given up hope on this one but.....................what has lit a fire today?
Anyone??
Alan

Well, it ain't BLR!!

Fire? Raging inferno.....................

Nice interims for any of us still in these.

Has anybody has noticed the share price rising for the last couple days, with a BREAKOUT on the last Half an hour of trading last Friday.

SVE buying its own shares at the moment, and while the SP is historically high.

Up almost 10% today, so somebody else must have noticed.................... ;-)

Still cheap as chips??

The net asset value based on mid-market closing prices on Friday 29 June 2007
was 19.2m, which equates to 47.4 pence per share, an increase of 9.7 pence per
share since 31 March. All values are calculated on a fully diluted pre tax
basis, except that a full tax provision has been made on realised trading
profits.

Surely a rsie to 40p is not out of the question?

Regency/hambledon both on the rise again, this is knocking on 50p nav, so 40p should be on the cards, plus share buy backs and divi's, what more do you want?

RNS Today.
Company buying its own shares.
Rarely a bad sign!!

Greatland Gold, 22Million shares as of 2008, not sure if they bough more, but doing well for them. Red Rock, Kefi, Regency Mines plus numerous other all starting tobounce back with new funding and exploration finds. Could be rock bottom prices and SVE might well recover into the 30@s again.

Keep an I on this, they have a bucketful of recovering miners, not going to 40p but 15p looks possible short-term, results coming up and NAV should be creeping back to 20p, Beowulf, Kefi, Regency, RedRock, Greatland G etc are all coming back with a bit of a bang.

I see Starvest has had a couple of good days!

well, nice move again, 15p looks doable.

I'm adding to SVE, exciting possibilities, Regency Mines, Red Rock, Oracle mining, Beowulf, Greatland Gold, Sunrise Resources all marching on, Regency/Oracle and Redrock look to have huge upside. Good mid-term hold, could hit 30p+ so a 3 bag from here, sorry no ramping intended dyor, take a look at advn and all of sve's holdings.

Well as outlined, the above are going ballistic, so SVE will follow, 20p looks next target and NAV must be in 20's now, these things have almost doubled again, so as a min I have NAV, purely as guess of about 22-23p, so with such potential a small discount put us in 20p territory and if things keep going 30p is a possible but dyor, its difficult to get an exact idea of SVE's exact equity in all these and the other thing is each is investing in other JV's etc.

Friday 1 November 2013
Results for the year ended 30 September 2013
Chairman's statement

http://www.investegate.co.uk/ArticlePrint.aspx?id=201311011209470040S