Net Asset Value at 31 March 2018

RNS Number : 9447J

Starvest PLC

05 April 2018

 

5 April 2018

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

Net Asset Value at 31 March 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 March 2018.

Callum Baxter, Chairman and CEO commented: 'We saw a softening of trading conditions throughout the first quarter of this year which resulted in a reduction in the value of several of our portfolio holdings but on an annual basis we note an increase in our Company Net Asset Value and Market Capitalisation. We believe the continued growth in the global economy will result in a more positive outlook for commodities over the remainder of 2018.'

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

	31 Mar 2018	31 Dec 2017	31 Mar 2017
Trading portfolio value	£1.18m	£2.36m	£1.29m
Company net asset value	£1.38m	£2.61m	£1.24m
Net asset value per share	2.61 pence	4.94 pence	2.84 pence
Share price - mid	2.13 pence	3.88 pence	2.25 pence
Share price discount to net asset value	18%	21%	21%
Market capitalisation	£1.13m	£2.05m	£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 31 March 2018 totalled £104,437.

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

5 April 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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