Net Asset Value at 30 June 2018

Starvest

03/07/2018 11:27

RNS Number : 4207T

Starvest PLC

03 July 2018

 

3 July 2018

 

 

 

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

 

Net Asset Value at 30 June 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 30 June 2018.

 

Callum Baxter, Chairman and CEO commented: 'We saw increased activity in the mining sector throughout the three months to 30 June 2018. Pleasingly this was reflected in our trading portfolio value which increased more than 85% over the period, and our net asset value has risen to more than 4.4p per share. We aim to continue outperforming the general market with our selected portfolio focussed on exciting opportunities within the sector.'

 

The net asset value as at 30 June 2018 was as follows:

30 June 2018
31 Mar 2018
30 June 2017
Trading portfolio value
£2.22m
£1.18m
£1.54m
Company net asset value
£2.37m
£1.38m
£1.87m
Net asset value per share
4.47 pence
2.61 pence
3.54 pence
Share price - mid
2.90 pence
2.13 pence
3.50 pence
Share price discount to net asset value
35%
18%
1%
Market capitalisation
£1.53m
£1.13m
£1.85m

 

All valuations are based on the closing market prices or lower directors' valuation as described in the 2017 annual report.  The discounts applied to close prices at 30 June 2018 totalled £221,491.

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

3 July 2018

 

Enquiries to:

Starvest PLC

Callum Baxter  Chairman/CEO  +44 7922 255 933  cbaxter@starvest.co.uk

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke  +44 2073 835 100

 

SI Capital Ltd (Appointed Broker)

Nick Emerson or Alan Gunn +44 1483 413 500 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

 

END

 

 

NAVSSSSUDFASELW