Starvest Share Discussion Threads

[mr hangman] 16/6/2011 12:53

Brando, perhaps you could spend yours on a nice night out in BKK

[brando69] 16/6/2011 12:42

jonny, perhaps you could spend your divi windfall on a refresher course in English?

[jonny wilkinson] 16/6/2011 12:26

Suppose Max going spending spree Cayman Islands with Bruce !! surprised you get cheque , is it not better regular dividened payment going directly into your bank account , keeps costs down for SVE !

[maxbubble] 16/6/2011 08:13

Nice divi cheque in post yesterday. Hopefully more to come.

[flying pig] 15/6/2011 18:45

Not sure that I agree as share buybacks can greatly increase assets per remaining share provided it is done at a very significant discount to post tax asset value.

Example £1,000,000 assets
Market value £500,000
Assume share value £1 on assets £2


Buy back 50% of shares at £1 total cost £250,000.
Each remaining share (250,000) has assets = £3 (total £750,000).
Even at 50% discount share value increase 50%.

Cheers Bruce

[brando69] 15/6/2011 15:24

disagree

if the co can't find anything better to invest in than share buybacks, then they are not doing what it says on the tin

[zedder] 15/6/2011 15:19

Will be interesting to see if that 100k trade at 14p is a share buy-back. The company still have the authority in place, and given that they expect a pot of cash from the Belmore buyout, that would make sense to me. And hopefully it would be the first of many to close the gap on the actual NAV.

[maxbubble] 10/6/2011 14:01

Maybe there will be a higher bid for Belmore. I am assuming they have offloaded quite a few Beowulf as well so profits could be big this year. Remeber getting a small divi next week as well.

[brando69] 10/6/2011 09:24

surprised sve haven't RNS'd belmore news

[brando69] 10/6/2011 09:23

you don't really want a co like this paying out the cash in divis

you want them to use it to reinvest in a spread of future BEMs

[brando69] 10/6/2011 09:22

just shows... i hadn't even bothered to consider the belmore holding... starvest is a mine of hidden gems

[zedder] 10/6/2011 09:20

Perhaps we can suggest, yet again in my case, that when they get the cash they use some of it for more share buybacks.

[maxbubble] 10/6/2011 08:54

Should be sitting near the 20p mark after yesterdays news. £1.2m cash coming into company.

[zedder] 10/6/2011 07:29

For the full detail on Belmore:

[meadow50] 09/6/2011 20:09

the cash bid for Belmore should enable a big divi from SVE to shareholders.This under the announced strategy of dividing capital gains between reinvestment and payment of divis.

[brando69] 09/6/2011 16:16

SVE responding to Belmore which has just leapt 72%!

[zedder] 04/6/2011 10:23

NAV from my spreadsheet of 23.2p. Ridiculous discount at present.

[grogger2u] 01/6/2011 15:18

not sure it will as I think we've dropped of our highs of six months ago. Might get the chance to get some a little cheaper.

[melody9999] 01/6/2011 12:37

would be good to see a NAV figure

[maxbubble] 18/5/2011 20:00

Ha johnny where have you been? Rob C was wanting to know where you were hiding ...LOL. Do you still own a chunk of these? I suppose you have been buying up Neubauers stake? Getting harder to follow Brucie these days.

[jonny wilkinson] 18/5/2011 18:56

maxbubble - 18 May'11 - 08:53 - 837 of 839

Max great to see you back , pleased you're still following Bruce , rumour has it you have not been feeling well since the stock has taken a knock , hopefully like you it will bounce back soon !!

[zedder] 18/5/2011 10:58

Which affects SVE how?

[druinsky] 18/5/2011 10:44

Ascent turning to brown stuff

[maxbubble] 18/5/2011 08:53

No cofirmation yet that they have sold Beowulf - i think they need to let shareholders know shortly if they have