REG - Starvest PLC - Net Asset Value at 30 June 2018

StarvestAnnouncement

03/07/2018 11:30

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 




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