Net Asset Value at 30 November 2017

RNS Number : 1319Y

Starvest PLC

01 December 2017

 

1 December 2017

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

Net Asset Value at 30 November 2017

Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, is pleased to announce a Net Asset Value update as at 30 November 2017.

Callum Baxter, Chairman and CEO commented: "It is pleasing to note the continuing recovery in the mining sector and overall positive market sentiment. There has been a solid improvement in our portfolio value and company net asset value over recent months. We are seeing an increase in deal activity and look forward to introducing additional investment opportunities and building our quality specialist portfolio."

The net asset value as at the close of business on 30 November 2017 was as follows:

	30 Nov 2017	30 Sept 2017	31 March 2017
Trading portfolio value	£2.35m	£1.52m	£1.29m
Company net asset value	£2.60m	£1.88m	£1.24m
Net asset value per share	4.92 pence	3.56 pence	2.84 pence
Share price - mid	3.88 pence	4.62 pence	2.25 pence
Share price discount to net asset value	21%	-30%	21%
Market capitalisation	£2.05m	£2.44m	£0.98m

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2017 annual report.  The discounts applied to bid prices at 30 November 2017 totalled £238,891.

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

1 December 2017

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  [phone]         

 

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