Starvest PLC Net Asset Value at 31 March 2018 (9447J)
April 05 2018 - 5:30AM
UK Regulatory
TIDMSVE
RNS Number : 9447J
Starvest PLC
05 April 2018
5 April 2018
Starvest Plc ("Starvest" or "the Company")
Net Asset Value at 31 March 2018
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 2018.
Callum Baxter, Chairman and CEO commented: 'We saw a softening
of trading conditions throughout the first quarter of this year
which resulted in a reduction in the value of several of our
portfolio holdings but on an annual basis we note an increase in
our Company Net Asset Value and Market Capitalisation. We believe
the continued growth in the global economy will result in a more
positive outlook for commodities over the remainder of 2018.'
The net asset value as at 31 March 2018 was as follows:
31 Mar 31 Dec 2017 31 Mar
2018 2017
Trading portfolio GBP1.18m GBP2.36m GBP1.29m
value
Company net asset GBP1.38m GBP2.61m GBP1.24m
value
Net asset value 2.61 pence 4.94 pence 2.84 pence
per share
Share price - mid 2.13 pence 3.88 pence 2.25 pence
Share price discount
to net asset value 18% 21% 21%
Market capitalisation GBP1.13m GBP2.05m GBP0.98m
All valuations are based on the closing market bid prices or
lower directors' valuation as described in the 2017 annual report.
The discounts applied to bid prices at 31 March 2018 totalled
GBP104,437.
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
5 April 2018
Enquiries to:
Starvest PLC
Callum Baxter Chairman/CEO +44 7922 255 933
cbaxter@starvest.co.uk
Grant Thornton UK LLP (Nomad)
Colin Aaronson or Harrison Clarke +44 2073 835 100
SI Capital Ltd (Appointed Broker)
Nick Emerson or Alan Gunn +44 1483 413 500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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