Over the six months to the end of September 2013 SPK’s NAV fell to 11.4p, in part following a 2p per share distribution to shareholders but also due to operating losses and write downs in the values of some assets. Since the period end Spark has sold notonthehighstreet for £11m. The Board hopes to make a large shareholder return in the first half of 2014. Spark had planned to sell its entire portfolio by then but market conditions have prevented that. The Board will consult with shareholders on the future of the company.