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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 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSVE
RNS Number : 6569K
Starvest PLC
05 January 2021
5 January 2021
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 31 December 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 December 2020.
Callum Baxter, Chairman and CEO, commented: "We are pleased to report that Starvest has demonstrated continued significant growth in the fiscal quarter to 31 December 2020. The trading portfolio value and company net asset value have each increased by approximately 75% over the quarter to 31 December 2020, adding to the gains in the preceding quarters. Over the twelve months to 31 Dec 2020 the share price increased fifteen-fold. Our outlook for gold remains favourable and our decision to refocus our investment portfolio toward gold stocks over recent years has proven a rewarding strategy. In particular, Greatland Gold plc continues to be the principal driver of the portfolio's appreciation with the initial Havieron resource of 4.2Moz gold equivalent* announced in December 2020 and additional Joint Venture and Farm-In deals with its major partner Newcrest Mining Ltd.**"
* GGP RNS dated 10 December 2020
** GGP RNS dates 30 November 2020
The net asset value as at 31 December 2020 was as follows:
31 Dec 2020 30 Sept 2020 31 Dec 2019 Trading portfolio value GBP31.20m GBP17.8m GBP2.26m Company net asset value GBP31.38m GBP17.9m GBP2.39m Net asset value per 54.51 pence 31.17 pence 4.27 pence share Share price - mid 31.00 pence 18.00 pence 2.05 pence Share price discount to net asset value 43% 42% 52% Market capitalisation GBP17.85m GBP10.36m GBP1.15m
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
5 January 2021
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
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(END) Dow Jones Newswires
January 05, 2021 09:52 ET (14:52 GMT)
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