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1 Dec 2017 10:09
1 December 2017
Starvest Plc ("Starvest" or "the Company")
Net Asset Value at 30 November 2017
Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, is pleased to announce a Net Asset Value update as at 30 November 2017.
Callum Baxter, Chairman and CEO commented: "It is pleasing to note the continuing recovery in the mining sector and overall positive market sentiment. There has been a solid improvement in our portfolio value and company net asset value over recent months. We are seeing an increase in deal activity and look forward to introducing additional investment opportunities and building our quality specialist portfolio."
The net asset value as at the close of business on 30 November 2017 was as follows:
30 Nov 2017 | 30 Sept 2017 | 31 March 2017 | |
Trading portfolio value | £2.35m | £1.52m | £1.29m |
Company net asset value | £2.60m | £1.88m | £1.24m |
Net asset value per share | 4.92 pence | 3.56 pence | 2.84 pence |
Share price - mid | 3.88 pence | 4.62 pence | 2.25 pence |
Share price discount to net asset value | 21% | -30% | 21% |
Market capitalisation | £2.05m | £2.44m | £0.98m |
All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2017 annual report. The discounts applied to bid prices at 30 November 2017 totalled £238,891.
Starvest is a specialist mining and resource investment company and has the industry knowledge and market exposure to select compelling opportunities early in the investment cycle.
Investors are encouraged to view our RNS feed on the Starvest web site www.starvest.co.uk/announcements
Callum N Baxter
Chairman & Chief Executive
1 December 2017
Enquiries to:
Starvest PLC
Callum Baxter Chairman/CEO +44 7922 255 933 cbaxter@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson or Harrison Clarke +44 2073 835 100
SI Capital Ltd (Appointed Broker)
Nick Emerson +44 1483 413 500
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