Starvest PLC Net Asset Value at 30 June 2019 (3860E)
03 Luglio 2019 - 1:41PM
UK Regulatory
TIDMSVE
RNS Number : 3860E
Starvest PLC
03 July 2019
3 July 2019
Starvest Plc ("Starvest" or "the Company")
Net Asset Value at 30 June 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 June 2019.
Callum Baxter, Chairman and CEO, commented: 'The first six
months of 2019 were difficult for many smaller exploration and
mining companies as capital market funding for important field
programs was considerably reduced. However, the few companies that
advanced projects and delivered encouraging results were mildly
rewarded for their good efforts, and their higher share prices are
reflected in our NAV as at 30 June 2019. While the value of our
portfolio has fallen back over the last quarter, our trading
portfolio value has increased 33% from 30 Sept 2018 (Starvest's
financial year end) to 30 June 2019, while the Company's net asset
value per share increased 25% over the same period. The gold price
has made significant positive moves in the past weeks, increasing
approximately 10%, and this combined with positive exploration and
production results can realise multiple benefits for our investee
companies. We remind shareholders that while our portfolio is
commodity-diverse, gold remains one of our focus commodities. As
such we have larger positions in several gold-based companies and
have recently increased shareholdings. We will continue to seek
compelling investment opportunities and look forward to updating
the market in the coming weeks.'
The net asset value as at 30 June 2019 was as follows:
30 June 31 Mar 2019 30 Sept
2019 2018*
Trading portfolio value GBP2.00m GBP2.26m GBP1.50m
Company net asset value GBP2.15m GBP2.30m GBP1.65m
Net asset value per 3.85 pence 4.15 pence 3.07 pence
share
Share price - mid 2.15 pence 2.65 pence 2.15 pence
Share price discount
to net asset value 44% 36% 30%
Market capitalisation GBP1.20m GBP1.47m GBP1.16m
* Includes formerly applied discount
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
3 July 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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END
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July 03, 2019 07:41 ET (11:41 GMT)
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