REG - Starvest PLC - Net Asset Value(s)

StarvestAnnouncement

03/01/2023 14:15

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RNS Number : 5459L  Starvest PLC  03 January 2023

03 Jan 2023

 

 

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

 

Net Asset Value at 31 December 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 December 2022.

Mark Badros, CEO, commented: "Despite a 9.7% increase in our portfolio value
in the fourth quarter of 2022, Starvest's portfolio value, net asset value and
share price declined in 2022 compared to a year ago, largely due to the share
price decline of our largest investment position, Greatland Gold.
Notwithstanding the difficult market that many investors faced across multiple
asset classes globally, the continued positive exploration results,
development progress and fundamentals for this key holding remain attractive
in our opinion."

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

 

                                          31 Dec 2022  30 Sept 2022  31 Dec 2021
 Trading Portfolio Value                  £6.8m        £6.2m         £13.7m
 Company NAV                              £7.1m        £6.6m         £13.9m
 NAV per Share                            12.2 pence   11.3 pence    24.0 pence
 Share price - mid                        7.5 pence    8.0 pence           15.5 pence
 Share price discount to net asset value  39%          29%           35%
 Market capitalisation                    £4.4m        £4.7m         £9.0m

 

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 January 2023

 

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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