RNS Number : 1955V
Starvest PLC
03 April 2023
 

03 April 2023

 

 

Starvest Plc ("Starvest" or the "Company")

 

Net Asset Value at 31 March 2023

 

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 2023.

Mark Badros, CEO, commented: "Subsequent to our recent NAV announcement and our annual general shareholders' meeting on 21 March 2023, we are providing our regular quarterly announcement. We appreciate investors' interest in Starvest's story and look forward to sharing future updates on the progress of our existing portfolio companies and other opportunities to create value for our shareholders."

The NAV as at 31 March 2023 and certain prior periods were as follows:


31 Mar 2023

31 Dec 2022

31 Mar 2022

Trading Portfolio Value

£6.5m

£6.8m

£11.6m

Company NAV

£6.8m

£7.1m

£11.8m

NAV per Share

11.6 pence

12.2 pence

20.3 pence

Share price - mid

8.0 pence

7.5 pence

         13.5 pence

Share price discount to net asset value

31%

39%

33%

Market capitalisation

£4.7m

 

£4.4m

 

£7.9m

 

 

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 substantially the largest portion of Starvest's trading portfolio value and whose share price can influence that of Starvest. https://greatlandgold.com/investors/regulatory-news/

 

Mark Badros

Chief Executive Officer

03 April 2023

 

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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