REG - Starvest PLC - Net Asset Value(s)

StarvestAnnouncement

06/10/2020 12:05

RNS Number : 2583B
  
Starvest PLC
  
06 October 2020
  
 

6 October 2020
  
 
Starvest Plc ("Starvest" or the "Company")
 
Net Asset Value at 30 September 2020
 
Starvest PLC (LON:SVE), the London Stock Exchange AIM-listed specialist mining and resources investment business, announces a Net Asset Value update as at 30 September 2020.
 
Callum Baxter, Chairman and CEO, commented: "We are pleased with the significant appreciation in portfolio value over recent months. The decision to steer the investment portfolio toward gold stocks over the past 18 months has been a rewarding strategy. Share price and the Company's market capitalisation have increased more than 700% compared to a year ago, while the underlying portfolio has gained more than 750%. Our hand-picked portfolio constituents have achieved excellent returns for our shareholders. In particular, Greatland Gold plc and to a lesser extent Ariana Resources plc were key contributors to the portfolio's appreciation. We believe that the long-term outlook for gold prices remains favourable and we remain committed to our strategy."
 
The net asset value as at 30 September 2020 was as follows:







30 Sept 2020


30 Jun 2020


30 Sept 2019




Trading portfolio value


£17.8m


£10.8m


£2.00m




Company net asset value


£17.9m


£10.9m


£2.25m




Net asset value per share


31.17 pence


19.08 pence


4.03 pence




Share price - mid


18.00 pence


11.75 pence


2.25 pence




Share price discount to net asset value


             42%


        38%


      44%




Market capitalisation


£10.36m 
 


 £6.70m 
 


 £1.26m



 
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 October 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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