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% 1.85 1.70 2.00 1.85 1.85 1.85 23,015 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)

02/10/2019 2:12pm

UK Regulatory (RNS & others)


Starvest (LSE:SVE)
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RNS Number : 5461O

Starvest PLC

02 October 2019

2 October 2019

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

Net Asset Value at 30 September 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 30 September 2019.

Callum Baxter, Chairman and CEO, commented: 'A difficult trading environment for exploration and mining stocks has prevailed throughout the current year as a result of reduced capital market funding for important field exploration programmes and development work. Despite the adverse setting, several investee companies in our portfolio have weathered the poor market conditions and delivered strong exploration and operational results. From this we have achieved an increase of 22% in our Trading Portfolio Value over the past 12 months. We have also seen a 25% increase in our Net Asset Value over the 12 month period to 30 September 2019, and a 21% increase in our Net Asset Value per Share. We look forward to continued positive performance from our specialist mining portfolio.'

The net asset value as at 30 September 2019 was as follows:

 
                                    30 Sept  30 June 2019   30 Sept 
                                       2019                   2018* 
 Trading portfolio value           GBP2.00m    GBP2.00m     GBP1.64m 
 Company net asset value           GBP2.25m    GBP2.15m     GBP1.8m 
 Net asset value per             4.03 pence   3.85 pence   3.33 pence 
  share 
 Share price - mid               2.25 pence   2.15 pence   2.15 pence 
 Share price discount 
  to net asset value                    44%      44%          35% 
 Market capitalisation             GBP1.26m    GBP1.20m     GBP1.16m 
 

* Excludes formerly reported applied discount, see RNS of 03 Oct 2018 for original figures and 31 March 2019 regarding the discontinuation of an applied discount to NAV calculation.

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

2 October 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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October 02, 2019 09:12 ET (13:12 GMT)

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