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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 | 0.00% | 11.70 | 9.00 | 20.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSVE
RNS Number : 5734I
Starvest PLC
02 April 2020
2 April 2020
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 31 March 2020
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 2020.
Callum Baxter, Chairman and CEO, commented: "It is extremely pleasing to see material gains from our portfolio of investments despite the current market conditions. We are fortunate that the stocks in our portfolio are weathering the storm and have produced significant gains over recent months. We note the portfolio value has increased by more than 100% since 31 December 2019, along with a near doubling of the Company's net asset value. The net asset value per share, share price and market capitalisation have also doubled over the past three months. Overall, throughout the past year we moved our focus to precious metals and trimmed our exposure to oil stocks: a strategy that is now bearing fruit. We note the current market volatility but our leverage to safe haven assets lets us feel confident that we can retain value and continue to achieve a positive outcome."
The net asset value as at 31 March 2020 was as follows:
31 Mar 2020 31 Dec 2019 31 Mar 2019 Trading portfolio value GBP4.54m GBP2.26m GBP2.26m Company net asset value GBP4.66m GBP2.39m GBP2.30m Net asset value per 8.33 pence 4.27 pence 4.15 pence share Share price - mid 4.25 pence 2.05 pence 2.65pence Share price discount to net asset value 49% 52% 36% Market capitalisation GBP2.38m GBP1.15m GBP1.47m
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 April 2020
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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(END) Dow Jones Newswires
April 02, 2020 05:54 ET (09:54 GMT)
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