Net Asset Value(s)

RNS Number : 8680U

Starvest PLC

02 April 2019

 

2 April 2019

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

Net Asset Value at 31 March 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 31 March 2019.

Callum Baxter, Chairman and CEO, commented: 'Our selective approach to resource specific investments continues to show improvement across all metrics. The trading portfolio value has increased by more than 75% over 12 months to 31 March 2019, and the Company Net Asset Value has increased more than 55% over the same period, using like-for-like figures. The Company has implemented what it believes is a more transparent and objective valuation method for portfolio stocks in the current NAV announced today, making use of market prices without an applied discount.'

The net asset value as at 31 March 2019 was as follows:

	31 March 2019	31 Dec 2018*	31 Mar 2018*
Trading portfolio value	£2.26m	£2.02m	£1.18m
Company net asset value	£2.30m	£2.12m	£1.38m
Net asset value per share	4.15 pence	3.93 pence	2.61 pence
Share price - mid	2.65pence	2.15 pence	2.13 pence
Share price discount to net asset value	36%	45%	18%
Market capitalisation	£1.47m	£1.16m	£1.13m

* Includes applied discount

All valuations are based on the closing market price. An applied discount is no longer included in the portfolio value or company net asset value. Had the Company applied the discounts previously used to closing prices at 31 March 2019, the discounts would have amounted to £209,532.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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 April 2019

Enquiries to:

Starvest PLC

Callum Baxter or Gemma Cryan  02077 696 876  [e-mail]

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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