Grafico Azioni Starvest (LSE:SVE)
3 Mesi : Da Set 2019 a Dic 2019
RNS Number : 5461O
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
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 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
Callum Baxter or Gemma Cryan 02077 696 876 firstname.lastname@example.org
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) Dow Jones Newswires
October 02, 2019 09:12 ET (13:12 GMT)