Starvest Share Discussion Threads

[dennis russell] 16/8/2011 17:18

Rowan seems to be making a pitch for a serious revaluation of the shares after recent events amongst the holdings. The cash input might warrant a special divi?

[zedder] 25/7/2011 15:42

I'm playing musical chairs between MIRL and SVE again. Sold 12500 SVE at 16.55p on 5th May (held from 17th March at 14p, so 16%), which I put into 2700 MIRL on 6th May which I've just sold at 84.05p (8%).

Theory was to reinvest the above proceeds plus the Divi from my other 37500 SVE, by buying 16000 SVE at between 14.5p and 15.0p; the deal executed at 13.85p though! Added bonus is that I've avoided the inactivity fee in my Barclays MarketMaster account.

[tricia51] 15/7/2011 16:19

cey going up.Sheba proceeds going up accordingly.

[maxbubble] 14/7/2011 07:58

When asked about the mining shares specifically Embry had this to say, "Well they haven't moved up a lot with gold and silver, I mean they've been sort of wallowing a bit. We're not talking about a trillion dollars worth of paper (total value of all mining companies), and consequently if money decides it has to come into this space, it's going to be like internet stocks in the '90's except they (mining stocks) are going to have real fundamentals."

[brando69] 12/7/2011 10:19

aha the algarve, home of comedy. how they all laughed. star. without the vest. brilliant. comedy gold.

[jonny wilkinson] 12/7/2011 10:09

Maxbubble 11 Jul'11 - 19:34 - 905 of 906

Beginning to think you work at News International since you know where i'm based , phone hacking springs to mind !

FYI trying encourage some of my well heeled neighbours Quinta do Lago acquire SVE stock , speaking with my doubles partner at jim stewart tennis academy who tells me met Bruce when doing business in london ! very impressed, also Denis O'Brien who owns villa close , didn't apear to know Bruce which thought strange. FYI Christio Ronaldo another active investor owns villa down the road playing tennis at the club last week , advised him should buy some Starvest to which he replied everyone knows i'm a STAR without the Vest !!! v good

[topinfo] 12/7/2011 09:20

Sheba Exploration (UK) plc


TIDMSVE

Starvest Plc ("Starvest" or "the Company")



Sheba Exploration (UK) plc ("Sheba")

The Company notes that its investee company Sheba has reached agreement with
Centamin Egypt Limited ("Centamin") under which Centamin is making a recommended
offer for the entire share capital of Sheba. The offer values Sheba at
approximately 6.15 pence per Sheba share. The Company has signed an irrevocable
acceptance of the offer.

The increase in the value of the Company's investment, which is likely to be in
the region of GBP750,000 once proceeds from the disposal and the value of Centamin
shares have been taken into account, will be reflected in the net asset value
statement to be made at 30 September 2011 in accordance with the Company's
established practice.



R Bruce Rowan

Chairman & Chief Executive

12 July 2011

[maxbubble] 11/7/2011 19:34

Jonny...does the dividend get posted to the villa in Portugal or does Bruce deliver cash to you???

[maxbubble] 11/7/2011 18:22

JW....lol...you have to be in to win. Dividend for holders only. Shareprice might come down to below 10p if divi paid out. Who knows better to be in than out longer term. Usually the big boys follow me a couple of weeks later.

[jonny wilkinson] 11/7/2011 18:12

Maxbubble obviously ur close to Bruce , funny price didnt move north once you topped up recently !!

[mattboxy] 11/7/2011 15:38

Outsider do you still run the thread??
Any chance of updating the data to reflect the current ongoing takeovers??

[maxbubble] 11/7/2011 15:35

Not sure bones30 - Bruce never tells me...lol. I hope he buys more MIRL as well

[bones30] 11/7/2011 13:29

maxbubble - I suspect he may still be buying.

Do you think it's likely?

[brando69] 11/7/2011 13:27

mms sitting on a wad of stock they are happy to part with at a discount. but when that goes it will scoot

[lr2] 11/7/2011 09:53

I just bought 25k this morning at 13.22p. That earlier 10k wasn't a sell Max.

[maxbubble] 11/7/2011 09:35

I must say I cant blame Bruce for buying more Regency Mines. I think this is going to be a monster of an investment for Starvest. I think it could be worth a £1 a share to the company in coming years

[maxbubble] 11/7/2011 09:28

Pity that poor sod that sold 10k this am - i suppose they wouldnt have known about the sheba takeover. Starvest need to update the mkt better on news like this. It is in the accounts that this is a 20% shareholding for the company and it is very relevant. An RNS should be issued immediately in my view.

[maxbubble] 11/7/2011 09:22

its a pity Bruce let the 20m warrants lapse - must have had no cash at the time?

[maxbubble] 11/7/2011 09:13

mm's always quick to bring down price on the whiff of bad news - never able it seems to want good news to raise price - one wonders

[brando69] 11/7/2011 09:12

approx 2/5s of market cap accounted for by belmore and sheba windfalls

[maxbubble] 11/7/2011 08:55

The divi is getting bigger by the day Brando...lol. I think an RNS is needed due to the value of this transaction it is 25% of the mkt cap

[brando69] 11/7/2011 08:52

so sheba adds another £1.2m to the pot before tax and costs

[maxbubble] 11/7/2011 08:49

Sheba taken over now as well value at 6.15p

£1.2 million £600k cash now




Starvest are raking it in and the discount will have to go im afraid

[maxbubble] 08/7/2011 02:56

Accordingly, the Board is unable to give any estimate of
the quantum or timing of returns. That stated, when
profits have been realised and adequate cash is available,
it is the intention of the Board to recommend the
distribution of up to half the profits realised.

[zedder] 07/7/2011 22:20

Have tweaked my spreadsheet to try and get close to the NAV they gave recently. By upping the holdings in the 4 they mention to these:

RRR up to 9m
RGM up to 34m
ORCP uo to 22m
GAQ up to 6.5m

I get within 0.1p. Now showing NAV of 22p.