Starvest PLC Net Asset Value at 31 March 2018 (9447J)

TIDMSVE

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  31 Dec 2017    31 Mar 
                                2018                  2017 
 Trading portfolio          GBP1.18m   GBP2.36m     GBP1.29m 
  value 
 Company net asset          GBP1.38m   GBP2.61m     GBP1.24m 
  value 
 Net asset value          2.61 pence  4.94 pence   2.84 pence 
  per share 
 Share price - mid        2.13 pence  3.88 pence   2.25 pence 
 Share price discount 
  to net asset value             18%      21%         21% 
 Market capitalisation      GBP1.13m   GBP2.05m     GBP0.98m 
 

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 GBP104,437.

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 [phone] [e-mail]

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke [phone]

SI Capital Ltd (Appointed Broker)

Nick Emerson or Alan Gunn [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 05, 2018 05:30 ET (09:30 GMT)