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.

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!