05 April 2022
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 31 March 2022
Starvest Plc (LON:SVE), the London Stock Exchange AIM-listed specialist mining and resources investment company, announces a Net Asset Value ("NAV") update as at 31 March 2022.
Callum Baxter, Chairman and CEO, commented: "During the quarter to 31 March 2022, global markets were repositioning following the onset of geopolitical conflict in eastern Europe against an inflationary backdrop. This dampened the enthusiasm of investors which resulted in a reduction in the value of many companies across multiple sectors. Consistent with this trend, the Company's portfolio value and net asset value each declined approximately 15% over the quarter to 31 March 2022. However, the market discount to net asset value reduced year on year from 40% to 33% and commodity prices, including gold, have, in general, remained relatively high, which provides a solid foundation for our investee Companies."
The NAV as at 31 March 2022 and certain prior periods were as follows:
| | 31 Mar 2022 | 31 Dec 2021 | 31 March 2021 |
| Trading Portfolio Value | £11.6m | £13.7m | £16.6m |
| Company NAV | £11.8m | £13.9m | £16.7m |
| NAV per Share | 20.3 pence | 24.0 pence | 29.0 pence |
| Share price - mid | 13.5 pence | 15.5 pence | 17.5 pence |
| Share price discount to net asset value | 33% | 35% | 40% |
| Market capitalisation | £7.9m | £9.0m | £10.1m |
Portfolio holdings are valued using their closing market prices as of the date shown.
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
05 April 2022
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 Ciara Donnelly 02073 835 100
SI Capital Ltd (Broker)
Nick Emerson or Alan Gunn 01483 413 500
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