Starvest Share Discussion Threads

[zedder] 28/8/2012 08:31

The momentum at KEFI continuing today. Now worth £684k on its own. I remember days when KEFI was £1m+. Let's hope it gets back to those levels.

[zedder] 23/8/2012 18:14

Just did a very interesting calculation. I own 100,000 SVE and I have worked out what number of shares in the Big 7 holdings that 'effectively' means I have. The result:

49893 AAU
5074 BEM (based on my estimate of 2m share holding)
89639 GGP
48202 KEFI
70629 RGM
22833 RRR
55476 ORCP
35982 SRES
1268 CEY

If I had bought all of the above at the full offer today that would have cost £7683.70 before stamp duty and costs. All of the other holdings, the cash and the 2.3m shares in Treasury are in for nothing. So if you could get 100,000 SVE for 7p or less, in my view that would definitely be a bargain! My 46,500 at 6p today most definitely were!!

[bingham] 23/8/2012 13:09

Looks like it. Keep it up.

[zedder] 23/8/2012 12:30

Looks like I might have kicked this into life!

[zedder] 23/8/2012 09:12

Ariana Resources AAU 19,666,526 0.015 294,998
Greatland Gold GGP 35,333,333 0.0065 229,667
Kefi Minerals plc KEFI 19,000,000 0.035 665,000
Regency Mines RGM 27,840,000 0.0087 242,208
Red Rock RRR 9,000,000 0.017 153,000
Oracle ORCP 21,867,333 0.0225 492,015
Sunrise Resources SRES 14,183,333 0.0115 163,108
Centamin CEY 500,000 0.75 375,000

[zedder] 23/8/2012 08:59

With KEFI starting to recover, and hopefully leading the way for many other of SVEs holdings, I decided the discount to NAV was getting excessive and have just bought 46,500 at 6p.

On my spreadsheet (with various holdings updated having looked at AIM Rule 26 listings on various company websites) I currently get a NAV of 9p per share.

[snatander] 12/8/2012 01:58

may be heading for a penny i fear

[ceaserxzy] 04/7/2012 18:01

The problem with small company of a market cap of less than £3 m is that if its asset is not growing, the loft expense by its directors will quicky eat away the company value and the small shareholders will lose out. It has to grow to just stand still.

[itchycrack] 03/7/2012 23:20

Disappointing yes, but then it can all change quite quickly, market conditions allowing. Just have to be patient here, and by that I mean more than a few months :-)

[zedder] 03/7/2012 20:28

The 2.975m options at 15p that expire 31st Jan 2015 might not be much use either!!

[zedder] 03/7/2012 20:26

Another disappointing update today. At least some of the options for cheap shares have expired given that they are nearly cheaper anyway!

There were 300k at 5p and 100k at 6p that expired on 31st May.

[druinsky] 14/5/2012 19:35

RNS Number : 2463D

Plus Markets Group PLC

14 May 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT JURISDICTION

14 May 2012

PLUS Markets Group plc

Closure of Formal Sale Process and Commencement of Orderly Run-Off of the Business of PLUS-SX

The Board of PLUS Markets Group plc ("PLUS" or the "Company") makes the following update announcement to shareholders.

As indicated in the Company's announcement of 3 February 2012, the Board initiated a formal sale process ("FSP") in order to seek a partner to help its operations achieve the scale and reach required to maximise value to stakeholders. An important part of this objective was to secure the ongoing financial position of PLUS and the continued running of its subsidiary operations. These comprise: PLUS Stock Exchange plc ("PLUS-SX"), the cash equities recognised investment exchange ("RIE"); PLUS Trading Solutions Limited ("PLUS-TS"), an "exchange in a box" turnkey solution for entities seeking to establish new trading platforms; and PLUS Derivatives Exchange Limited ("PLUS-DX"), a derivatives division set up to utilise the PLUS-TS platform.

The primary objectives of the Board have been to protect the interests of the shareholders of the Company by securing the reputation and continuity of the RIE, providing an ongoing trading platform for its existing listed and quoted companies, and by seeking to maximise the value retained or received by shareholders in respect of the Company. During the process, the Board has considered various options available to it including potential offers for the Company, offers of funding through a placing for shares in the Company, the injection of capital into a subsidiary company, the sale of certain assets of the Company and loan financing. Discussions were held with a number of parties including major international stock exchanges and trading platforms, inter dealer brokers, technology providers, Private Equity and other wealth funds.

Any offer for the Company or significant equity investment requires both shareholder approval at a general meeting and regulatory approval from the FSA for a change of control of the RIE (including FSA agreement that the RIE could continue to meet its regulatory obligations on an on-going basis).

As reported on 17 April 2012, the Company had received indicative proposals in response to the FSP from a number of parties. To date, none of the parties have been able to progress matters to a position whereby either the parties or the Board, in conjunction with its advisers, were satisfied as to the deliverability to completion of any proposed transaction.

As a result, the Board of the Company has terminated the FSP with immediate effect and the Company is no longer deemed to be in an offer period under the Takeover Code.

The Board regrets to inform shareholders that, due to the ongoing operating costs of its business in the context of its regulatory status, the Company's cash balance has reached a level at which the Board has informed the FSA that it intends to commence a process of orderly closure. In consultation with the FSA, the regulated activities undertaken by the Group, which include the operation of the RIE, will be wound down over a period of up to six months in order to minimise market disruption.

This will include working to ensure that companies traded on the PLUS-quoted market are able to find suitable alternative arrangements for the trading of their shares. In the interim period, the PLUS market will continue to operate as normal. Further announcements in relation to the closure process will be made in due course as dialogue takes place with the FSA.

During the winding-down process, the Board will continue to explore all possible avenues to preserve remaining shareholder value, including any offers for the Company's remaining assets. The Board will then consider what steps to take to either return residual value, if any, to shareholders or to convert the Company into an investing company under the AIM Rules. Any parties who might be interested in a transaction with the Company, including the purchase of Company assets, should contact Wyvern Partners (contact details are provided below).

The Company will continue to update the market as appropriate.




An end to dog dirt floats as Plus shuts down

[mister md] 02/5/2012 15:47

not surprising the SVE shareprice is in the doldrums

looking at the listed holdings, the shareprice charts are almost identical - all losers at all-time lows !!!

[mister md] 02/5/2012 15:46

Starvest's largest investments, comprising 86% of the declared valuation, in
order of size were:

* Oracle Coalfields plc
* Ariana Resources plc
* Regency Mines plc
* Kefi Minerals plc
* Centamin plc
* Beowulf Mining plc
* Red Rock Resources plc
* Greatland Gold plc
* Sunrise Resources plc

[sir rational] 15/3/2012 15:52

SP meant to just be a function of value of shareholdings + discount applied (simply put) so drop might be anticipating more deterioration in the value of underlying assets.

[mister md] 15/3/2012 15:32

only recently invested here as seemed cheap, anyone know why the continual drop

[brando69] 16/2/2012 13:24

directors have just exercised 400,000 shares worth of options...

[zedder] 06/2/2012 16:26

Got that as a 2m share holding, but unable to confirm from RRR website. Worth approx £268k at todays price.

[grogger2u] 06/2/2012 07:25

surprised not to see RRR in the list?

[zedder] 03/2/2012 13:39

I have the 'heavy' holdings as follows:

AAU 12,956,000
GGP 22,000,000
KEFI 19,000,000
RGM 33,350,000
ORCP 21, 867,333
SRES 14, 183,333

All holdings above double-checked against company websites within the last 2 weeks. Following the bid for SHE, they also hold 500,000 CEY. I've guesstimated they hold 2,000,000 BEM as I don't believe they disposed of them all, just went below the threshold for a notifiable holding (ie 3%).

[engelo] 31/1/2012 17:55

Zedder: would you please help me to decide which are the 'heavy' holdings here? I would guess that they include RRR, RGM, KEFI, ORCP and AAU. Have a feeling that BEM has either been disposed of or is of smaller weight. tia engelo

[engelo] 31/1/2012 10:29

zedder: many thanks (a little late!).

OT while I am watching these atm I am invested in a more controversial BR vehicle, VIR. Any VIR holders here?

[zedder] 26/1/2012 08:29

The 0.5p dividend payment arrived in my Barclays MarketMaster account today.

[zedder] 17/1/2012 17:38

engelo,
With the heavy caveat that this is my unofficial spreadsheet, plus my guesstimate for cash, I reckon NAV of 14.8p and after the 0.5p/share Div (due to be paid on 20th) cash of £900,000.

[engelo] 17/1/2012 11:31

zedder: I know you watch this one closely. Could you say please how well your spreadsheet compares with the recently published NAV?

In particular do we know how much is currently in cash? Think it might be time to invest it. tia