Share Name Share Symbol Market Type Share ISIN Share Description
Starvest Plc LSE:SVE London Ordinary Share GB0009619817 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.75 1.50 2.00 1.75 1.75 1.75 10,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.3 -0.6 - 1

Starvest PLC Net Asset Value(s)

02/04/2019 1:00pm

UK Regulatory (RNS & others)


Starvest (LSE:SVE)
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RNS Number : 8680U

Starvest PLC

02 April 2019

2 April 2019

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

Net Asset Value at 31 March 2019

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 2019.

Callum Baxter, Chairman and CEO, commented: 'Our selective approach to resource specific investments continues to show improvement across all metrics. The trading portfolio value has increased by more than 75% over 12 months to 31 March 2019, and the Company Net Asset Value has increased more than 55% over the same period, using like-for-like figures. The Company has implemented what it believes is a more transparent and objective valuation method for portfolio stocks in the current NAV announced today, making use of market prices without an applied discount.'

The net asset value as at 31 March 2019 was as follows:

 
                                          31 March  31 Dec 2018*  31 Mar 2018* 
                                              2019 
 Trading portfolio value                  GBP2.26m    GBP2.02m      GBP1.18m 
 Company net asset value                  GBP2.30m    GBP2.12m      GBP1.38m 
 Net asset value per share              4.15 pence   3.93 pence    2.61 pence 
 Share price - mid                       2.65pence   2.15 pence    2.13 pence 
 Share price discount to 
  net asset value                              36%      45%           18% 
 Market capitalisation                    GBP1.47m    GBP1.16m      GBP1.13m 
 

* Includes applied discount

All valuations are based on the closing market price. An applied discount is no longer included in the portfolio value or company net asset value. Had the Company applied the discounts previously used to closing prices at 31 March 2019, the discounts would have amounted to GBP209,532.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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

2 April 2019

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

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.

END

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