Source - LSE Regulatory
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

£16.60m

£31.20m

£4.54m

Company net asset value

£16.72m

£31.38m

£4.66m

Net asset value per share

29.05 pence

54.51 pence

8.33 pence

Share price - mid

17.50 pence

31.00 pence

4.25 pence

Share price discount to net asset value

40%

43%

49%

Market capitalisation

£10.08m

 

£17.85m

 

£2.38m

 

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    

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