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
  0.00 0.0% 18.50 5,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
17.00 20.00 18.50 18.50 18.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 15.75 24.22 0.8 11
Last Trade Time Trade Type Trade Size Trade Price Currency
15:24:29 O 5,000 17.40 GBX

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Date Time Title Posts
10/6/202108:57Starvest (SVE) - Cheap GGP shares available here!457
27/5/202109:30Silver One Resources (TSXV)14
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 Daily Update: Starvest Plc is listed in the General Financial sector of the London Stock Exchange with ticker SVE. The last closing price for Starvest was 18.50p.
Starvest Plc has a 4 week average price of 18.50p and a 12 week average price of 17p.
The 1 year high share price is 33p while the 1 year low share price is currently 11.50p.
There are currently 57,849,621 shares in issue and the average daily traded volume is 43,758 shares. The market capitalisation of Starvest Plc is £10,702,179.89.
rose_by_another_name: Good news at GGP, so the share price stumbles.
tyranosaurus: SVE share price almost the same as GGP. Discount must have narrowed.
zedder: There certainly seems to be firm floor under the GGP share price of 21p to 22p. They equate roughly to a NAV/share of 32.3p and 33.75p respectively for SVE. With GGP at 22.75p, it's currently approx 34.8p.
rose_by_another_name: Starvest PLC (LON:SVE), the London Stock Exchange AIM-listed specialist mining and resources investment business today notes the change in its share price. The change closely follows today's movement in the share price of principal investee company Greatland Gold plc (AIM:GGP). The Company knows of no other specific reason for the share price movement. Starvest remains positive on the outlook for Greatland Gold plc which is advancing the Havieron gold-copper project with joint venture partner Newcrest Mining Limited.
pogue: Some weird people here hope a normal one can help me :0). Anyway quick question is there anywhere I can find the number of shares in each company that SVE hold. I have looked at the NAV but its a bit out of date at the end of Sept and it appears I am too late here as the gap between it and the share price has almost closed according to that, 31.17p. Off course I am sure the constituents share price has risen too but no info to go on.
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.
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.
ptch: I'm also a frustrated holder of SVE hoping to see the share price rise more than it has done based on the success of GGP. However, I am not convinced that this will happen any time soon. We must appreciate that SVE is essentially a financial company that provides working capital to small resource companies (minor miners!) hoping that they strike lucky. Callum Baxter is the chairman and CEO of this £10M market cap company and he owns just over 13% of the shares. Callum is also the CEO of GGP (£884M market cap) where he owns 2.6% of the shares (worth over £23M) directly. SVE has a 2.1% investment in GGP. Mr Market will never fully price SVE's holding in GGP (and other company holdings) as SVE has running costs, management fees etc. The last half-year report for SVE clearly acknowledges that performance of GGP is the major contributor to SVE's success, i.e. it helped grow the NAV, the market cap and earnings/share. The other holdings barely register, so what would SVE be worth without GGP - would it even be a viable company? Why would Callum (acting in his SVE capacity) want to sell out of GGP? It's a tiddly amount in the grand scheme of things. The only reason will be when he has a new and better prospect to invest in. SVE is basically just a tax efficient vehicle for Mr Baxter to store his wealth.
rose_by_another_name: Special divvy plus keep the shares, based on a new valuation. Say 50% of 27p per share (the current valuation of SVE's GGP component) equals 13.5 pence per share paid out, plus 50% retained in SVE coffers for buy backs and buying new assets, plus existing assets in AAU and CORA. That's based on GGP being bought by Newcrest at current valuation. Maybe they will just buy Havieron. Seems to me the SVE share price will rise despite huge special dividend. 27 pence per share is almost double the current share price 13.5 pence paid out, 13.5 pence added to SVE value. If it happened today. Just musing.
rose_by_another_name: Alan speaks for everyone, in his mind. It seems to me that there is a delay between any big movement in the GGP share price and its reflection in the SVE price. That advance warning was one of the reasons I shifted my interest to SVE. Of course the discount to NAV is the main reason. GGP has a smaller spread, which is of interest to those who trade in and out, but SVE is a better way to buy into GGP by any other measure.
Starvest share price data is direct from the London Stock Exchange
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