Starvest PLC Net Asset Value at 31 December 2017 (6427B)
12 January 2018 - 12:11AM
UK Regulatory
TIDMSVE
RNS Number : 6427B
Starvest PLC
11 January 2018
11 January 2018
Starvest Plc ("Starvest" or "the Company")
Net Asset Value at 31 December 2017
Starvest PLC (LON:SVE), the London Stock Exchange AIM listed
specialist mining and resources investment business, is pleased to
announce a Net Asset Value update as at 31 December 2017.
Callum Baxter, Chairman and CEO commented: 'Increased interest
in the mining sector continued during the latter parts of 2017 and
Starvest has benefitted from the positive sentiment. It is pleasing
to see the continued improvement in our Portfolio Value over the
past year (up 90%) and an increase in our Company Net Asset Value
(up 125%). Overall, our market capitalisation has more than doubled
year on year. Commodity prices are continuing their upward trend
and interest in our portfolio stocks remains high. We look forward
to broadening our investment portfolio and acquiring mining project
opportunities in the coming months.'
The net asset value as at 31 December 2017 was as follows:
31 Dec 30 Sept 2017 31 Dec
2017 2016
Trading portfolio GBP2.36m GBP1.52m GBP1.24m
value
Company net asset GBP2.61m GBP1.88m GBP1.16m
value
Net asset value 4.94 pence 3.56 pence 2.87 pence
per share
Share price - mid 3.88 pence 4.62 pence 2.00 pence
Share price discount
to net asset value 21% -30% 30%
Market capitalisation GBP2.05m GBP2.44m GBP0.81m
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 December 2017 totalled
GBP233,628.
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
11 January 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 +44 1483 413 500
This information is provided by RNS
The company news service from the London Stock Exchange
END
NAVMMGMMFMGGRZM
(END) Dow Jones Newswires
January 11, 2018 08:11 ET (13:11 GMT)
Starvest (LSE:SVE)
Historical Stock Chart
From Apr 2024 to May 2024
Starvest (LSE:SVE)
Historical Stock Chart
From May 2023 to May 2024