Starvest PLC Net Asset Value at 30 June 2022 (2676R)
July 05 2022 - 2:00AM
UK Regulatory
TIDMSVE
RNS Number : 2676R
Starvest PLC
05 July 2022
05 July 2022
Starvest Plc ("Starvest" or the "Company")
Net Asset Value at 30 June 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 June 2022.
Callum Baxter, Chairman and CEO, commented: " Amid a very
difficult quarter for equities generally and the worst first half
for investors in more than fifty years, our shareholders likewise
experienced a decline in the portfolio value of the Company. Few
sectors were immune in this downdraft and our positions in mining
companies were no exception. Positively, commodity prices have
remained relatively resilient over recent months and we still
believe there is fundamental value in our position in Greatland
Gold as the company continues to develop its assets at Havieron in
partnership with Newcrest."
The NAV as at 30 June 2022 and certain prior periods were as
follows:
30 Jun 2022 31 Mar 2022 30 June 2021
Trading Portfolio Value GBP8.1m GBP11.6m GBP15.4m
Company NAV GBP8.3m GBP11.8m GBP15.5m
NAV per Share 14.2 pence 20.3 pence 26.9 pence
Share price - mid 10.5 pence 13.5 pence 16.5 pence
Share price discount
to net asset value 26% 33% 39%
Market capitalisation GBP6.1m GBP7.9m GBP9.5m
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 July 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NAVSSSFMLEESEFW
(END) Dow Jones Newswires
July 05, 2022 02:00 ET (06:00 GMT)
Starvest (LSE:SVE)
Historical Stock Chart
From Jul 2024 to Aug 2024
Starvest (LSE:SVE)
Historical Stock Chart
From Aug 2023 to Aug 2024