Starvest Plc

0.50 (7.69%)
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 Shares Traded Last Trade
  0.50 7.69% 7.00 636 08:00:00
Bid Price Offer Price High Price Low Price Open Price
6.00 8.00 7.00 7.00 7.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Financial Services Div'd 0.00 -5.87 -10.10 - 4.08
Last Trade Time Trade Type Trade Size Trade Price Currency
08:00:10 O 636 6.10 GBX

Starvest (SVE) Latest News

Starvest (SVE) Discussions and Chat

Starvest Forums and Chat

Date Time Title Posts
26/5/202313:43Starvest (SVE) - Cheap GGP shares available here!602
22/7/202107:55Silver One Resources (TSXV)19
26/11/202014:50Recovery at Starvest?1,852
10/9/202017:12Starvest 20206
11/6/202011:44Pre-tax profit up 1398%, EPS up 1182%...39

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Starvest (SVE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Starvest (SVE) Top Chat Posts

Top Posts
Posted at 21/3/2023 16:04 by zedder
For the NAV/share to be the 11.15p in the RNS today, my spreadsheet would need to be using a figure of £250k for cash.

Previously I had a figure of £580k for cash though based on the RNS that stated AAU and GGP shares had been sold, and the average sell prices given.

What's happened to the rest of the cash? Certainly no mention of any new investments even if they have been poor ones!

Posted at 07/2/2023 16:02 by zedder
A useful snippet in the Final Results.

They've sold 3.8m GGP at average 12.83p/share, and 2.2m AAU at average 4.25p/share. That will have produced £580k.

If only they'd top-sliced GGP a few years ago when it was 20p+ and I contacted Callum Baxter to suggest that!

Posted at 07/2/2023 08:24 by zedder
It certainly looks like it. When GGP is going up consistently, there is often a delayed reaction here.

With GGP at 9p, the NAV/share here is 14.0p.

Posted at 07/10/2022 09:12 by zedder
With GGP at 9p and AAU at 3p the NAV/share is 14p currently.If you buy at 9p or less the discount is 35%+.
Posted at 01/9/2022 08:26 by tyranosaurus
All the directors should go.
They have no idea what constitutes a good investment in the mining sector.
I have zero faith in any of them.
They all did nothing when Greatland Gold was 4 times it`s current share price and obviously overvalued.

Posted at 21/7/2022 13:01 by zedder
GGP having a good day today. The option that Newcrest Mining have to buy another 5% of the Havieron discovery was valued at £50m. So that puts a floor under the GGP share price, which should increase steadily as the mine moves towards production.Then of course there is always the prospect that GGP prove up another Tier 1 asset.
Posted at 16/5/2022 17:03 by zedder
I've had a couple of exchanges with Callum Baxter over the years ref top-slicing. His attitude seemed to be why would they do that when the GGP story was just getting going.

As you imply, at that time I saw the GGP price as getting very over-heated. Hence I sold several batches of SVE to reap the benefit.

My best gain, and 2 highest price sells were as follows:

21st September 2020 I sold 100k at 22.05p (1004% gain from a buy at 1.99p on 20th November 2018).
18th December 2020 I sold 50k at 26.2p. (105% gain from a buy at 12.77p on 17th June 2020).
24th December 2020 I sold 50k at 28.3p. (396% gain from a buy at 5.6975p on 12th February 2020).

Since 5th October 2017 when I first bought into SVE, my closed positions have yielded £165k. My peak holding was 1.45m shares, but I am down at 485k now.

My open positions are down by £30k but I'm comfortable with that to not miss out if GGP were suddenly taken out by a bid.

Posted at 18/3/2021 10:16 by tyranosaurus
SVE share price almost the same as GGP.
Discount must have narrowed.

Posted at 22/12/2020 15:07 by acwill
Its interesting to look at the GGP/SVE share price correlation graph in the header. At the start of 2020 they were overlying and throughout the year they have gradually diverged, now at silly levels.
IMhO just a matter of time until SVE starts catching up. Either by fair means or foul.

Posted at 17/12/2020 08:34 by rose_by_another_name
There is some speculation on the GGP forum
that the funds that are now trying to buy
into GGP might make an offer to Starvest
for their holding.

SVE at 24 pence holds 1.4 GGP for each share,
so with GGP at 33 pence that is worth 46 pence
per share of SVE. To buy the lot off them, a
premium would have to be paid, so roughly twice
the price of the SVE shares to get the GGP.

Then SVE are committed to distribute about 50%
of that windfall to shareholders, roughly equal
to the SVE share price, while the SVE shares
would retain the other 50% in cash for further
acquisitions, plus their other assets.

It might be cheaper to take over SVE as a whole,
if that were possible (which would certainly drive
the SVE price higher).

Just my own calculation. Not offered as advice.

Starvest share price data is direct from the London Stock Exchange
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