03 Oct 2022
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 30 September 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 30 September 2022.
Mark Badros, CEO, commented: "Starvest's portfolio faced a difficult quarter, consistent with an economic slowdown and a broad sell-off across global equity and bond markets. In addition, an announced placing by a significant Starvest holding had a negative impact on its stock price, although we expect that this will lead to value-creating opportunities and longer-term gains."
The NAV as at 30 September 2022 and certain prior periods were as follows:
| | 30 Sept 2022 | 30 June 2022 | 30 Sept 2021 |
| Trading Portfolio Value | £6.2m | £8.1m | £14.0m |
| Company NAV | £6.6m | £8.3m | £14.1m |
| NAV per Share | 11.3 pence | 14.2 pence | 24.2 pence |
| Share price - mid | 8.0 pence | 10.5 pence | 16.0 pence |
| Share price discount to net asset value | 29% | 26% | 34% |
| Market capitalisation | £4.7m | £6.1m | £9.3m |
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/
Mark Badros
Chief Executive
03 October 2022
Enquiries to:
Starvest PLC
Mark Badros 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 Sam Lomanto 01483 413 500
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