RNS Number : 6010B
Starvest PLC
03 October 2022
 

03 Oct 2022

 

 

Starvest Plc ("Starvest" or the "Company")

 

Net Asset Value at 30 September 2022

 

Starvest Plc (LON:SVE), the London Stock Exchange AIM-listed specialist mining and resources investment company, announces a Net Asset Value ("NAV") update as at 30 September 2022.

Mark Badros, CEO, commented: "Starvest's portfolio faced a difficult quarter, consistent with an economic slowdown and a broad sell-off across global equity and bond markets. In addition, an announced placing by a significant Starvest holding had a negative impact on its stock price, although we expect that this will lead to value-creating opportunities and longer-term gains."

The NAV as at 30 September 2022 and certain prior periods were as follows:

 


30 Sept 2022

30 June 2022

30 Sept 2021

Trading Portfolio Value

£6.2m

£8.1m

£14.0m

Company NAV

£6.6m

£8.3m

£14.1m

NAV per Share

11.3 pence

14.2 pence

24.2 pence

Share price - mid

8.0 pence

10.5 pence

         16.0 pence

Share price discount to net asset value

29%

26%

34%

Market capitalisation

£4.7m

£6.1m

£9.3m

 

Portfolio holdings are valued using their closing market prices as of the date shown.

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/

 

Mark Badros

Chief Executive

03 October 2022

 

Enquiries to:

Starvest PLC

Mark Badros or Gemma Cryan  02077 696 876  info@starvest.co.uk

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Ciara Donnelly 02073 835 100

 

SI Capital Ltd (Broker)

Nick Emerson or Sam Lomanto  01483 413 500

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NAVUPGUUUUPPGCW