REG - Starvest PLC - Net Asset Value(s)

StarvestAnnouncement

06/01/2020 14:20

RNS Number : 8873Y
Starvest PLC
06 January 2020
 


6 January 2020
 
 
Starvest Plc ("Starvest" or "the Company")
 
Net Asset Value at 31 December 2019
 
Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, announces a Net Asset Value update as at 31 December 2019.
 
Callum Baxter, Chairman and CEO, commented: "The past twelve months saw a subdued trading environment for exploration and development companies in our sector. Nonetheless, we finished 2019 with a marginal improvement in our Portfolio Value and Net Asset Value when compared to 12 months previous. Looking forward to the coming year the landscape for precious metals and base metals looks brighter, particularly for gold and copper. Our portfolio of investee companies provides exposure to both of these commodities and we look forward to a reinvigorated market in 2020."
 
The net asset value as at 31 December 2019 was as follows:







31 Dec 2019


30 Sept 2019


31 Dec 2018*




Trading portfolio value


£2.26m


£2.00m


£2.23m




Company net asset value


£2.39m


£2.25m


£2.34m




Net asset value per share


4.27 pence


4.03 pence


4.33 pence




Share price - mid


2.05 pence


2.25 pence


2.15 pence




Share price discount to net asset value


             52%


44%


50%




Market capitalisation


£1.15m
 


£1.26m
 


£1.16m



* Excludes formerly reported applied discount, see RNS of 08 January 2019 for original figures and 2 April 2019 regarding the discontinuation of an applied discount to NAV calculation.
 
All valuations are based on the closing market price.
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
6 January 2020
 
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 Seamus Fricker  02073 835 100
 
SI Capital Ltd (Broker)
Nick Emerson or Alan Gunn  01483 413 500      




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