Net Asset Value at 31 December 2021

RNS Number : 3964X

Starvest PLC

04 January 2022

 

04 January 2022

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

Net Asset Value at 31 December 2021

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 December 2021.

Callum Baxter, Chairman and CEO, commented: "Over the 12 months to 31 December 2021 we experienced declines in the Company's net asset value and our portfolio value of greater than 50% due to the impact of lower gold prices on the broad metals and mining sector and, in particular, our holdings in Greatland Gold and Ariana Resources. Over the two years from 31 Dec 2019 we have increased the Company's net asset value from £2.4m to £13.9m and reduced the discount to net asset value from 52% to 35%. Despite the anticipated increase in global interest rates to stem inflationary pressures, we believe that expansionary monetary policies, global uncertainty and continued fiscal stimulus support a favourable outlook for gold and precious metals in the longer term.

The NAV as at 31 December 2021 and certain prior periods were as follows:

	31 Dec 2021	30 Sept 2021	31 Dec 2020
Trading Portfolio Value	£13.7m	£14.0m	£31.2m
Company NAV	£13.9m	£14.1m	£31.4m
NAV per Share	24.0 pence	24.4pence	54.5 pence
Share price - mid	15.5 pence	16.0 pence	31.0 pence
Share price discount to net asset value	35%	34%	43%
Market capitalisation	£9.0m	£9.3m	£17.9m

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 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

04 January 2022

Enquiries to:

Starvest PLC

Callum Baxter or Gemma Cryan  02077 696 876  [e-mail]

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke 02073 835 100

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn  01483 413 500 

 

END

 

 

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