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 2018

31 Dec 2017

31 Mar 2017

Trading portfolio value

£1.18m

£2.36m

£1.29m

Company net asset value

£1.38m

£2.61m

£1.24m

Net asset value per share

2.61 pence

4.94 pence

2.84 pence

Share price - mid

2.13 pence

3.88 pence

2.25 pence

Share price discount to net asset value

18%

21%

21%

Market capitalisation

£1.13m

£2.05m

£0.98m

 

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 £104,437.

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
 
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