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Net Asset Value(s)

11 Mar 2019 12:25

RNS Number : 4830S
Starvest PLC
11 March 2019
 

11 March 2019

 

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

 

Net Asset Value at 8 March 2019

 

Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, announces a Net Asset Value update as at 8 March 2019 ahead of its AGM on 12 March 2019.

 

Callum Baxter, Chairman and CEO, commented: 'It is pleasing to see a sustained increase in the portfolio value and net asset value since 31 Mar 2018, which represent gains of more than 75% and 50%, respectively. Despite challenging conditions for the mining sector generally, several of our investee companies continue to deliver strong operating results to create value for shareholders. Overall, the board's outlook is positive and we look forward to meeting shareholders at tomorrow's AGM and discussing the recent positive results.'

 

The net asset value as at 8 March 2019 was as follows:

8 March 2019

30 Sept 2018

31 Mar 2018

Trading portfolio value

ÂŁ2.08m

ÂŁ1.50m

ÂŁ1.18m

Company net asset value

ÂŁ2.16m

ÂŁ1.65m

ÂŁ1.38m

Net asset value per share

3.92 pence

3.07 pence

2.61 pence

Share price - mid

2.75pence

2.15 pence

2.13 pence

Share price discount to net asset value

30%

30%

18%

Market capitalisation

ÂŁ1.52m

ÂŁ1.16m

ÂŁ1.13m

 

All valuations are based on the closing market prices or lower directors' valuation as described in the 2018 annual report. The discounts applied to close prices at 8 March 2019 totalled ÂŁ212,031.

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

11 March 2019

 

Enquiries to:

Starvest PLC

Callum Baxter, Chairman/CEO +44 (0)7922 255 933 cbaxter@starvest.co.uk

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Seamus Fricker +44 (0)2073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn +44 (0)1483 413 500

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