Starvest PLC Net Asset Value(s) (8873Y)

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RNS Number : 8873Y

Starvest PLC

06 January 2020

6 January 2020

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

Net Asset Value at 31 December 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 December 2019.

Callum Baxter, Chairman and CEO, commented: "The past twelve months saw a subdued trading environment for exploration and development companies in our sector. Nonetheless, we finished 2019 with a marginal improvement in our Portfolio Value and Net Asset Value when compared to 12 months previous. Looking forward to the coming year the landscape for precious metals and base metals looks brighter, particularly for gold and copper. Our portfolio of investee companies provides exposure to both of these commodities and we look forward to a reinvigorated market in 2020."

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

 
                                31 Dec 2019  30 Sept 2019  31 Dec 2018* 
 Trading portfolio value           GBP2.26m    GBP2.00m      GBP2.23m 
 Company net asset value           GBP2.39m    GBP2.25m      GBP2.34m 
 Net asset value per             4.27 pence   4.03 pence    4.33 pence 
  share 
 Share price - mid               2.05 pence   2.25 pence    2.15 pence 
 Share price discount 
  to net asset value                    52%      44%           50% 
 Market capitalisation             GBP1.15m    GBP1.26m      GBP1.16m 
 

* Excludes formerly reported applied discount, see RNS of 08 January 2019 for original figures and 2 April 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

6 January 2020

Enquiries to:

Starvest PLC

Callum Baxter or Gemma Cryan 02077 696 876 [e-mail]

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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January 06, 2020 09:15 ET (14:15 GMT)