Starvest PLC Net Asset Value(s) (5734I)
April 02 2020 - 5:54AM
UK Regulatory
TIDMSVE
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 GBP4.54m GBP2.26m GBP2.26m
Company net asset value GBP4.66m GBP2.39m GBP2.30m
Net asset value per 8.33 pence 4.27 pence 4.15 pence
share
Share price - mid 4.25 pence 2.05 pence 2.65pence
Share price discount
to net asset value 49% 52% 36%
Market capitalisation GBP2.38m GBP1.15m GBP1.47m
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
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END
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