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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) (4871U)

06/04/2021 9:48am

UK Regulatory


Starvest (LSE:SVE)
Historical Stock Chart


From Mar 2021 to Mar 2024

Click Here for more Starvest Charts.

TIDMSVE

RNS Number : 4871U

Starvest PLC

06 April 2021

06 April 2021

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

Net Asset Value at 31 March 2021

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 2021

Callum Baxter, Chairman and CEO, commented: "We note a significant reduction in the trading portfolio value and net asset value compared to the previous quarter. This is largely a result of the change in share price of investee company Greatland Gold plc, and to some extent Ariana plc, following a retracement in the price of gold during the quarter. We still believe the recovery of the global economy, post pandemic, requires support from Central Banks and this remains structurally appealing for gold in the medium to long term. We remain committed to our core portfolio holdings."

The net asset value as at 31 March 2021 was as follows:

 
                            31 Mar 2021  31 Dec 2020  31 Mar 2020 
 Trading portfolio value     GBP16.60m    GBP31.20m    GBP4.54m 
 Company net asset value     GBP16.72m    GBP31.38m    GBP4.66m 
 Net asset value per        29.05 pence  54.51 pence  8.33 pence 
  share 
 Share price - mid          17.50 pence  31.00 pence  4.25 pence 
 Share price discount 
  to net asset value            40%          43%          49% 
 Market capitalisation       GBP10.08m    GBP17.85m    GBP2.38m 
 

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

Investors are also encouraged to follow and review the RNS and other news flows issued or otherwise disseminated by Greatland Gold plc, an investee company which constitutes a large portion of Starvest's trading portfolio value and whose share price can influence that of Starvest. www.greatlandgold.com/media/investor-news/

Callum N Baxter

Chairman & Chief Executive

06 April 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

April 06, 2021 04:48 ET (08:48 GMT)

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