Starvest PLC Net Asset Value(s) (5461O)
02 Ottobre 2019 - 03:12PM
UK Regulatory
TIDMSVE
RNS Number : 5461O
Starvest PLC
02 October 2019
2 October 2019
Starvest Plc ("Starvest" or "the Company")
Net Asset Value at 30 September 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 30 September 2019.
Callum Baxter, Chairman and CEO, commented: 'A difficult trading
environment for exploration and mining stocks has prevailed
throughout the current year as a result of reduced capital market
funding for important field exploration programmes and development
work. Despite the adverse setting, several investee companies in
our portfolio have weathered the poor market conditions and
delivered strong exploration and operational results. From this we
have achieved an increase of 22% in our Trading Portfolio Value
over the past 12 months. We have also seen a 25% increase in our
Net Asset Value over the 12 month period to 30 September 2019, and
a 21% increase in our Net Asset Value per Share. We look forward to
continued positive performance from our specialist mining
portfolio.'
The net asset value as at 30 September 2019 was as follows:
30 Sept 30 June 2019 30 Sept
2019 2018*
Trading portfolio value GBP2.00m GBP2.00m GBP1.64m
Company net asset value GBP2.25m GBP2.15m GBP1.8m
Net asset value per 4.03 pence 3.85 pence 3.33 pence
share
Share price - mid 2.25 pence 2.15 pence 2.15 pence
Share price discount
to net asset value 44% 44% 35%
Market capitalisation GBP1.26m GBP1.20m GBP1.16m
* Excludes formerly reported applied discount, see RNS of 03 Oct
2018 for original figures and 31 March 2019 regarding the
discontinuation of an applied discount to NAV calculation.
All valuations are based on the closing market price.
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
2 October 2019
Enquiries to:
Starvest PLC
Callum Baxter or Gemma Cryan 02077 696 876
info@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson, Harrison Clarke or Seamus Fricker 02073 835
100
SI Capital Ltd (Broker)
Nick Emerson or Alan Gunn 01483 413 500
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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