Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.

Starvest anybody (SVE)     

ellio - 14 Nov 2005 12:12

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 - 10 Apr 2006 12:10 - 80 of 120

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


ellio - 10 Apr 2006 12:13 - 81 of 120

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

Andy - 10 Apr 2006 12:35 - 82 of 120

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.

Andy - 02 May 2006 11:10 - 83 of 120

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



ellio - 02 May 2006 11:14 - 84 of 120

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.

hewittalan6 - 02 May 2006 11:20 - 85 of 120

Banging.
Very happy to be in this.
Alan

ellio - 04 May 2006 16:27 - 86 of 120

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!

ellio - 08 May 2006 11:33 - 87 of 120

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

Andy - 08 May 2006 11:37 - 88 of 120

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.

ellio - 08 May 2006 11:42 - 89 of 120

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?

Andy - 08 May 2006 15:11 - 90 of 120

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!

ellio - 08 May 2006 15:13 - 91 of 120

Excellent!

jameel06 - 14 May 2006 15:31 - 92 of 120

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?

Andy - 14 May 2006 17:56 - 93 of 120

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?

jameel06 - 14 May 2006 21:12 - 94 of 120

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!

Andy - 15 Jul 2006 18:40 - 95 of 120

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.

soul traders - 08 Aug 2006 12:24 - 96 of 120

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


soul traders - 08 Aug 2006 12:28 - 97 of 120

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?

hewittalan6 - 08 Aug 2006 12:34 - 98 of 120

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

soul traders - 08 Aug 2006 12:39 - 99 of 120

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.
Register now or login to post to this thread.