Net Asset Value at 30 June 2018

RNS Number : 4207T

Starvest PLC

03 July 2018

 

3 July 2018

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

Net Asset Value at 30 June 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 30 June 2018.

Callum Baxter, Chairman and CEO commented: 'We saw increased activity in the mining sector throughout the three months to 30 June 2018. Pleasingly this was reflected in our trading portfolio value which increased more than 85% over the period, and our net asset value has risen to more than 4.4p per share. We aim to continue outperforming the general market with our selected portfolio focussed on exciting opportunities within the sector.'

The net asset value as at 30 June 2018 was as follows:

	30 June 2018	31 Mar 2018	30 June 2017
Trading portfolio value	£2.22m	£1.18m	£1.54m
Company net asset value	£2.37m	£1.38m	£1.87m
Net asset value per share	4.47 pence	2.61 pence	3.54 pence
Share price - mid	2.90 pence	2.13 pence	3.50 pence
Share price discount to net asset value	35%	18%	1%
Market capitalisation	£1.53m	£1.13m	£1.85m

All valuations are based on the closing market prices or lower directors' valuation as described in the 2017 annual report.  The discounts applied to close prices at 30 June 2018 totalled £221,491.

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 2018

Enquiries to:

Starvest PLC

Callum Baxter  Chairman/CEO  [phone]  [e-mail]

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke  [phone]

SI Capital Ltd (Appointed Broker)

Nick Emerson or Alan Gunn [phone] 

 

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