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.