Starvest PLC Net Asset Value(s) (8680U)
02 Aprile 2019 - 2:00PM
UK Regulatory
TIDMSVE
RNS Number : 8680U
Starvest PLC
02 April 2019
2 April 2019
Starvest Plc ("Starvest" or "the Company")
Net Asset Value at 31 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 31 March 2019.
Callum Baxter, Chairman and CEO, commented: 'Our selective
approach to resource specific investments continues to show
improvement across all metrics. The trading portfolio value has
increased by more than 75% over 12 months to 31 March 2019, and the
Company Net Asset Value has increased more than 55% over the same
period, using like-for-like figures. The Company has implemented
what it believes is a more transparent and objective valuation
method for portfolio stocks in the current NAV announced today,
making use of market prices without an applied discount.'
The net asset value as at 31 March 2019 was as follows:
31 March 31 Dec 2018* 31 Mar 2018*
2019
Trading portfolio value GBP2.26m GBP2.02m GBP1.18m
Company net asset value GBP2.30m GBP2.12m GBP1.38m
Net asset value per share 4.15 pence 3.93 pence 2.61 pence
Share price - mid 2.65pence 2.15 pence 2.13 pence
Share price discount to
net asset value 36% 45% 18%
Market capitalisation GBP1.47m GBP1.16m GBP1.13m
* Includes applied discount
All valuations are based on the closing market price. An applied
discount is no longer included in the portfolio value or company
net asset value. Had the Company applied the discounts previously
used to closing prices at 31 March 2019, the discounts would have
amounted to GBP209,532.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
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 April 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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