SVE Starvest Plc

TIDMSVE

RNS Number : 5283M

Starvest PLC

08 January 2019

08 January 2019

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

Net Asset Value at 31 December 2018

Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, announces a Net Asset Value update as at 31 December 2018.

Callum Baxter, Chairman and CEO commented: 'Several investee companies saw significant gains during the final quarter of 2018 which pushed against the general subdued trend in the sector and highlighted the resilience of our specialist portfolio. A stream of solid announcements from some of our more high profile investee companies resulted in quarterly gains of more than 25% across our Portfolio Value and Net Asset Value. We welcome an expanded board to broaden the depth of investment and corporate experience which will be well utilised throughout 2019.'

The net asset value as at 31 December 2018 was as follows:

 
                              31 Dec 2018  30 Sept 2018  31 Mar 2018 
 Trading portfolio value         GBP2.02m    GBP1.50m     GBP1.18m 
 Company net asset value         GBP2.12m    GBP1.65m     GBP1.38m 
 Net asset value per share     3.93 pence   3.07 pence   2.61 pence 
 Share price - mid             2.15 pence   2.15 pence   2.13 pence 
 Share price discount to 
  net asset value                     45%      30%           18% 
 Market capitalisation           GBP1.16m    GBP1.16m     GBP1.13m 
 

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 31 December 2018 totalled GBP214,335.

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

08 January 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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END

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January 08, 2019 07:06 ET (12:06 GMT)

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