REG - Starvest PLC - Net Asset Value at 31 December 2021

StarvestAnnouncement

04/01/2022 14:20

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RNS Number : 3964X  Starvest PLC  04 January 2022

04 January 2022

 

 

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

 

Net Asset Value at 31 December 2021

 

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 31 December 2021.

 

Callum Baxter, Chairman and CEO, commented: "Over the 12 months to 31 December
2021 we experienced declines in the Company's net asset value and our
portfolio value of greater than 50% due to the impact of lower gold prices on
the broad metals and mining sector and, in particular, our holdings in
Greatland Gold and Ariana Resources. Over the two years from 31 Dec 2019 we
have increased the Company's net asset value from £2.4m to £13.9m and
reduced the discount to net asset value from 52% to 35%. Despite the
anticipated increase in global interest rates to stem inflationary pressures,
we believe that expansionary monetary policies, global uncertainty and
continued fiscal stimulus support a favourable outlook for gold and precious
metals in the longer term.

 

The NAV as at 31 December 2021 and certain prior periods were as follows:

                                          31 Dec 2021  30 Sept 2021  31 Dec 2020
 Trading Portfolio Value                  £13.7m       £14.0m        £31.2m
 Company NAV                              £13.9m       £14.1m        £31.4m
 NAV per Share                            24.0 pence   24.4pence     54.5 pence
 Share price - mid                        15.5 pence   16.0 pence            31.0 pence
 Share price discount to net asset value  35%          34%           43%
 Market capitalisation                    £9.0m        £9.3m         £17.9m

 

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/)

 

Callum N Baxter

Chairman & Chief Executive

04 January 2022

 

Enquiries to:

Starvest PLC

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

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke 02073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn  01483 413 500

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