Net Asset Value at 31 December 2018

RNS Number : 5283M

Starvest PLC

08 January 2019

 

08 January 2019

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

Net Asset Value at 31 December 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 31 December 2018.

Callum Baxter, Chairman and CEO commented: 'Several investee companies saw significant gains during the final quarter of 2018 which pushed against the general subdued trend in the sector and highlighted the resilience of our specialist portfolio. A stream of solid announcements from some of our more high profile investee companies resulted in quarterly gains of more than 25% across our Portfolio Value and Net Asset Value. We welcome an expanded board to broaden the depth of investment and corporate experience which will be well utilised throughout 2019.'

The net asset value as at 31 December 2018 was as follows:

	31 Dec 2018	30 Sept 2018	31 Mar 2018
Trading portfolio value	£2.02m	£1.50m	£1.18m
Company net asset value	£2.12m	£1.65m	£1.38m
Net asset value per share	3.93 pence	3.07 pence	2.61 pence
Share price - mid	2.15 pence	2.15 pence	2.13 pence
Share price discount to net asset value	45%	30%	18%
Market capitalisation	£1.16m	£1.16m	£1.13m

All valuations are based on the closing market prices or lower directors' valuation as described in the 2018 annual report.  The discounts applied to close prices at 31 December 2018 totalled £214,335.

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

08 January 2019

Enquiries to:

Starvest PLC

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

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Seamus Fricker [phone]

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn [phone]          

 

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