Net Asset Value(s)

RNS Number : 5734I

Starvest PLC

02 April 2020

 

2 April 2020

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

Net Asset Value at 31 March 2020

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 2020.

Callum Baxter, Chairman and CEO, commented: "It is extremely pleasing to see material gains from our portfolio of investments despite the current market conditions. We are fortunate that the stocks in our portfolio are weathering the storm and have produced significant gains over recent months. We note the portfolio value has increased by more than 100% since 31 December 2019, along with a near doubling of the Company's net asset value. The net asset value per share, share price and market capitalisation have also doubled over the past three months. Overall, throughout the past year we moved our focus to precious metals and trimmed our exposure to oil stocks: a strategy that is now bearing fruit. We note the current market volatility but our leverage to safe haven assets lets us feel confident that we can retain value and continue to achieve a positive outcome."

The net asset value as at 31 March 2020 was as follows:

	31 Mar 2020	31 Dec 2019	31 Mar 2019
Trading portfolio value	£4.54m	£2.26m	£2.26m
Company net asset value	£4.66m	£2.39m	£2.30m
Net asset value per share	8.33 pence	4.27 pence	4.15 pence
Share price - mid	4.25 pence	2.05 pence	2.65pence
Share price discount to net asset value	49%	52%	36%
Market capitalisation	£2.38m	£1.15m	£1.47m

All valuations are based on the closing market price.

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 2020

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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