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.

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!