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.

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+