Starvest PLC Net Asset Value (8610S)
October 05 2017 - 10:44AM
UK Regulatory
TIDMSVE
RNS Number : 8610S
Starvest PLC
05 October 2017
5 October 2017
Starvest Plc ("Starvest" or "the Company")
Net Asset Value Update at 30 September 2017
The Company announces the net asset value as at the close of
business on 30 September 2017 as follows:
30 Sept 30 June 2017 30 Sept
2017 2016
Trading portfolio GBP1.52m GBP1.54m GBP1.37m
value
Company net asset GBP1.88m GBP1.87m GBP1.27m
value
Net asset value 3.56 pence 3.54 pence 3.21 pence
per share
Share price - mid 4.62 pence 3.50 pence 2.25 pence
Share price premium
to net asset value 30% -1% -30%
Market capitalisation GBP2.44m GBP1.85m GBP0.89m
All valuations are based on the closing market bid prices or
lower directors' valuation as described in the 2016 annual report.
The discounts applied to bid prices at 30 September 2017 totalled
GBP143,016.
The mining sector recovery continued during the quarter to 30
Sept 2017 and our portfolio value and cash generation through
trading profits reflect this. Improvements in the sector and a more
favourable global economic outlook have provided confidence to
global markets. Following the improved conditions, we have seen a
year-on-year positive move in net asset value of approximately 48%.
Currently we are experiencing an increased interest in our
portfolio positions and upside potential from the improving market.
As such our year-on-year rise in market capitalisation is at around
270%. We look forward to adding further significant opportunities
in the coming weeks.
Investors are encouraged to view our RNS feed on the Starvest
web site www.starvest.co.uk/announcements/
Callum N Baxter
Chairman & Chief Executive
5 October 2017
Enquiries to:
Starvest PLC
Callum Baxter Chairman/CEO 07922 255 933
cbaxter@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson or Harrison Clarke 02073 835 100
SI Capital Ltd (Appointed Broker)
Nick Emerson 01483 413 500
This information is provided by RNS
The company news service from the London Stock Exchange
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