REG - Starvest PLC - Net Asset Value at 30 September 2022

StarvestAnnouncement

03/10/2022 15:15

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RNS Number : 6010B  Starvest PLC  03 October 2022

03 Oct 2022

 

 

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

 

Net Asset Value at 30 September 2022

 

Starvest Plc (LON:SVE), the London Stock Exchange AIM-listed specialist mining
and resources investment company, announces a Net Asset Value ("NAV") update
as at 30 September 2022.

Mark Badros, CEO, commented: "Starvest's portfolio faced a difficult quarter,
consistent with an economic slowdown and a broad sell-off across global equity
and bond markets. In addition, an announced placing by a significant Starvest
holding had a negative impact on its stock price, although we expect that this
will lead to value-creating opportunities and longer-term gains."

The NAV as at 30 September 2022 and certain prior periods were as follows:

 

                                          30 Sept 2022  30 June 2022  30 Sept 2021
 Trading Portfolio Value                  £6.2m         £8.1m         £14.0m
 Company NAV                              £6.6m         £8.3m         £14.1m
 NAV per Share                            11.3 pence    14.2 pence    24.2 pence
 Share price - mid                        8.0 pence     10.5 pence             16.0 pence
 Share price discount to net asset value  29%           26%           34%
 Market capitalisation                    £4.7m         £6.1m         £9.3m

 

Portfolio holdings are valued using their closing market prices as of the date
shown.

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 (http://www.starvest.co.uk/announcements)

Investors are also encouraged to follow and review the RNS and other news
flows issued or otherwise disseminated by Greatland Gold plc, an investee
company which constitutes a large portion of Starvest's trading portfolio
value and whose share price can influence that of Starvest.
www.greatlandgold.com/media/investor-news/
(http://www.greatlandgold.com/media/investor-news/)

 

Mark Badros

Chief Executive

03 October 2022

 

Enquiries to:

Starvest PLC

Mark Badros or Gemma Cryan  02077 696 876  info@starvest.co.uk

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Ciara Donnelly 02073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Sam Lomanto  01483 413 500

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