REG - Starvest PLC - Net Asset Value at 31 March 2022

StarvestAnnouncement

05/04/2022 10:45

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RNS Number : 3189H  Starvest PLC  05 April 2022

05 April 2022

 

 

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

 

Net Asset Value at 31 March 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 31 March 2022.

Callum Baxter, Chairman and CEO, commented: "During the quarter to 31 March
2022, global markets were repositioning following the onset of geopolitical
conflict in eastern Europe against an inflationary backdrop. This dampened the
enthusiasm of investors which resulted in a reduction in the value of many
companies across multiple sectors. Consistent with this trend, the Company's
portfolio value and net asset value each declined approximately 15% over the
quarter to 31 March 2022. However, the market discount to net asset value
reduced year on year from 40% to 33% and commodity prices, including gold,
have, in general, remained relatively high, which provides a solid foundation
for our investee Companies."

The NAV as at 31 March 2022 and certain prior periods were as follows:

 

                                          31 Mar 2022  31 Dec 2021  31 March 2021
 Trading Portfolio Value                  £11.6m       £13.7m       £16.6m
 Company NAV                              £11.8m       £13.9m       £16.7m
 NAV per Share                            20.3 pence   24.0 pence   29.0 pence
 Share price - mid                        13.5 pence   15.5 pence            17.5 pence
 Share price discount to net asset value  33%          35%          40%
 Market capitalisation                    £7.9m        £9.0m        £10.1m

 

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

05 April 2022

 

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 Ciara Donnelly 02073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn  01483 413 500

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