REG - Starvest PLC - Net Asset Value(s)

StarvestAnnouncement

02/04/2020 10:55

RNS Number : 5734I
  
Starvest PLC
  
02 April 2020
  
 

2 April 2020
  
 
Starvest Plc ("Starvest" or the "Company")
 
Net Asset Value at 31 March 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 31 March 2020.
 
Callum Baxter, Chairman and CEO, commented: "It is extremely pleasing to see material gains from our portfolio of investments despite the current market conditions. We are fortunate that the stocks in our portfolio are weathering the storm and have produced significant gains over recent months. We note the portfolio value has increased by more than 100% since 31 December 2019, along with a near doubling of the Company's net asset value. The net asset value per share, share price and market capitalisation have also doubled over the past three months. Overall, throughout the past year we moved our focus to precious metals and trimmed our exposure to oil stocks: a strategy that is now bearing fruit. We note the current market volatility but our leverage to safe haven assets lets us feel confident that we can retain value and continue to achieve a positive outcome."
 
The net asset value as at 31 March 2020 was as follows:







31 Mar 2020


31 Dec 2019


31 Mar 2019




Trading portfolio value


£4.54m


£2.26m


£2.26m




Company net asset value


£4.66m


£2.39m


£2.30m




Net asset value per share


8.33 pence


4.27 pence


4.15 pence




Share price - mid


4.25 pence


2.05 pence


2.65pence




Share price discount to net asset value


             49%


52%


36%




Market capitalisation


£2.38m 
 


£1.15m
 


£1.47m



 
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
2 April 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     


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
NAVITMLTMTAMMBM