Starvest PLC Net Asset Value(s) (2583B)
06 October 2020 - 10:02PM
UK Regulatory
TIDMSVE
RNS Number : 2583B
Starvest PLC
06 October 2020
6 October 2020
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 30 September 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 30 September 2020.
Callum Baxter, Chairman and CEO, commented: "We are pleased with
the significant appreciation in portfolio value over recent months.
The decision to steer the investment portfolio toward gold stocks
over the past 18 months has been a rewarding strategy. Share price
and the Company's market capitalisation have increased more than
700% compared to a year ago, while the underlying portfolio has
gained more than 750%. Our hand-picked portfolio constituents have
achieved excellent returns for our shareholders. In particular,
Greatland Gold plc and to a lesser extent Ariana Resources plc were
key contributors to the portfolio's appreciation. We believe that
the long-term outlook for gold prices remains favourable and we
remain committed to our strategy."
The net asset value as at 30 September 2020 was as follows:
30 Sept 30 Jun 2020 30 Sept
2020 2019
Trading portfolio value GBP17.8m GBP10.8m GBP2.00m
Company net asset value GBP17.9m GBP10.9m GBP2.25m
Net asset value per 31.17 pence 19.08 pence 4.03 pence
share
Share price - mid 18.00 pence 11.75 pence 2.25 pence
Share price discount
to net asset value 42% 38% 44%
Market capitalisation GBP10.36m GBP6.70m GBP1.26m
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
6 October 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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