Starvest PLC Net Asset Value at 31 December 2017 (6427B)

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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 [phone] [e-mail]

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke [phone]

SI Capital Ltd (Appointed Broker)

Nick Emerson [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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January 11, 2018 08:11 ET (13:11 GMT)