Starvest PLC Net Asset Value(s) (4871U)
April 06 2021 - 4:48AM
UK Regulatory
TIDMSVE
RNS Number : 4871U
Starvest PLC
06 April 2021
06 April 2021
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 31 March 2021
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 2021
Callum Baxter, Chairman and CEO, commented: "We note a
significant reduction in the trading portfolio value and net asset
value compared to the previous quarter. This is largely a result of
the change in share price of investee company Greatland Gold plc,
and to some extent Ariana plc, following a retracement in the price
of gold during the quarter. We still believe the recovery of the
global economy, post pandemic, requires support from Central Banks
and this remains structurally appealing for gold in the medium to
long term. We remain committed to our core portfolio holdings."
The net asset value as at 31 March 2021 was as follows:
31 Mar 2021 31 Dec 2020 31 Mar 2020
Trading portfolio value GBP16.60m GBP31.20m GBP4.54m
Company net asset value GBP16.72m GBP31.38m GBP4.66m
Net asset value per 29.05 pence 54.51 pence 8.33 pence
share
Share price - mid 17.50 pence 31.00 pence 4.25 pence
Share price discount
to net asset value 40% 43% 49%
Market capitalisation GBP10.08m GBP17.85m GBP2.38m
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
Investors are also encouraged to follow and review the RNS and
other news flows issued or otherwise disseminated by Greatland Gold
plc, an investee company which constitutes a large portion of
Starvest's trading portfolio value and whose share price can
influence that of Starvest.
www.greatlandgold.com/media/investor-news/
Callum N Baxter
Chairman & Chief Executive
06 April 2021
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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