Starvest PLC Net Asset Value(s) (8726R)
July 02 2020 - 6:51AM
UK Regulatory
TIDMSVE
RNS Number : 8726R
Starvest PLC
02 July 2020
2 July 2020
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 30 June 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 June 2020.
Callum Baxter, Chairman and CEO, commented: "Our emphasis on
re-aligning the portfolio toward gold stocks over the past 12-18
months has yielded strong growth in our Company's Net Asset Value,
which now exceeds GBP10m. Currently, our handpicked investment
portfolio, in particular our most important investment, Greatland
Gold plc which now represents around 90 per cent of our value, is
benefitting from the strong environment for gold as our investee
companies are growing through ongoing development and solid
production. We believe these operators will continue to achieve
positive results due to their focus and hard work on good projects.
We expect to benefit from further strength in the gold price to
generate additional value for our shareholders."
The net asset value as at 30 June 2020 was as follows:
30 Jun 2020 31 Mar 2020 30 Jun 2019
Trading portfolio value GBP10.8m GBP4.54m GBP2.00m
Company net asset value GBP10.9m GBP4.66m GBP2.15m
Net asset value per 19.08 pence 8.33 pence 3.85 pence
share
Share price - mid 11.75 pence 4.25 pence 2.15pence
Share price discount
to net asset value 38% 49% 44%
Market capitalisation GBP6.70m GBP2.38m GBP1.20m
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 July 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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END
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