Net Asset Value(s)

Starvest

02/07/2020 11:51

RNS Number : 8726R

Starvest PLC

02 July 2020

 

2 July 2020

 

 

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

 

Net Asset Value at 30 June 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 30 June 2020.

 

Callum Baxter, Chairman and CEO, commented: "Our emphasis on re-aligning the portfolio toward gold stocks over the past 12-18 months has yielded strong growth in our Company's Net Asset Value, which now exceeds £10m. Currently, our handpicked investment portfolio, in particular our most important investment, Greatland Gold plc which now represents around 90 per cent of our value, is benefitting from the strong environment for gold as our investee companies are growing through ongoing development and solid production. We believe these operators will continue to achieve positive results due to their focus and hard work on good projects. We expect to benefit from further strength in the gold price to generate additional value for our shareholders."

 

The net asset value as at 30 June 2020 was as follows:

30 Jun 2020
31 Mar 2020
30 Jun 2019
Trading portfolio value
£10.8m
£4.54m
£2.00m
Company net asset value
£10.9m
£4.66m
£2.15m
Net asset value per share
19.08 pence
8.33 pence
3.85 pence
Share price - mid
11.75 pence
4.25 pence
2.15pence
Share price discount to net asset value
38%
49%
44%
Market capitalisation
£6.70m
£2.38m
£1.20m

 

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 July 2020

 

Enquiries to:

Starvest PLC

Callum Baxter or Gemma Cryan  02077 696 876  info@starvest.co.uk

 

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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