REG - Starvest PLC - Net Asset Value at 30 November 2017 <Origin Href="QuoteRef">SVE.L</Origin>

StarvestAnnouncement

01/12/2017 10:10

RNS Number : 1319Y
Starvest PLC
01 December 2017
1 December 2017
 
Starvest Plc ("Starvest" or "the Company")
Net Asset Value at 30 November 2017
Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, is pleased to announce a Net Asset Value update as at 30 November 2017.
Callum Baxter, Chairman and CEO commented: "It is pleasing to note the continuing recovery in the mining sector and overall positive market sentiment. There has been a solid improvement in our portfolio value and company net asset value over recent months. We are seeing an increase in deal activity and look forward to introducing additional investment opportunities and building our quality specialist portfolio."
The net asset value as at the close of business on 30 November 2017 was as follows:

30 Nov 2017
30 Sept 2017
31 March 2017
Trading portfolio value
2.35m
1.52m
1.29m
Company net asset value
2.60m
1.88m
1.24m
Net asset value per share
4.92 pence
3.56 pence
2.84 pence
Share price - mid
3.88 pence
4.62 pence
2.25 pence
Share price discount to net asset value
21%
-30%
21%
Market capitalisation
2.05m
2.44m
0.98m
All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2017 annual report. The discounts applied to bid prices at 30 November 2017 totalled 238,891.
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
1 December 2017
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 +44 1483 413 500 

This information is provided by RNS
The company news service from the London Stock Exchange
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