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SVE Starvest Plc

11.70
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Starvest PLC Net Asset Value(s) (6569K)

05/01/2021 2:52pm

UK Regulatory


Starvest (LSE:SVE)
Historical Stock Chart


From Mar 2019 to Mar 2024

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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

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

January 05, 2021 09:52 ET (14:52 GMT)

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