SVE: 2.85 0.00 (0.00%)

Delayed:2018-02-16 16:57:08
Bid Price 2.50 High Price 2.85
Ask Price 3.00 Low Price 2.50
Open Price 2.50 Spread 18.18%
Prev Close 2.75 Volume 20,000.00

Starvest Share Price Chart


Historic - 1 year

Starvest Share Price Information

Name Starvest Epic SVE
Sector Financial Services ISIN GB0009619817
Activites Since Bruce Rowan was appointed Chief Executive on 31 January 2002, the Starvest plc's principal activity has been the use of his expertise to invest in small company new issues and to support pre IPO opportunities. Security Type Equity

Key numbers

Latest Share Price (p) 2.75 Net Gearing (%) -16.69
Market Cap (£m) 1.46 Gross Gearing (%) 5.14
Shares in issue (m) 52.90 Debt Ratio 0.00
P/E Ratio 4.30 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 1.05
Dividend Yield (%) 0.00 Price to book value 0.78
Dividend Cover 0.00 SROCE (%) 15.96
Earning per share (p) 0.64 EPS Growth (%) 204.76
52-week high / low (p) 6.00 / 2.00 DPS Growth (%)

Starvest Broker Views

Date Broker Rec. Price Old target price New target price Notes

Starvest Director Deals

Starvest Company News

All resolutions passed at AGM of Starvest

Starvest has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.

At 1:19pm: (LON:SVE) Starvest PLC share price was 0p at 3.88p

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Starvest updates on Ariana performance

Starvest has confirmed that investee company Ariana Resources reported gross income, for the quarter ended 30 September, of $5m from sales of gold and silver produced at its newly commissioned Kiziltepe operation.

The grade of ore mined matched overall reserve expectations and mill recoveries were higher than forecast.

Production costs were $570 per ounce against average realised value of sales of $1,342 per ounce.

Callum Baxter, Chairman and CEO commented: "Starvest have been a long term supporter of Ariana Resources since pre-IPO. The team at Ariana, headed by Michael de Villiers and Dr. Kerim Sener, have provided a solid set of quarterly production figures from the Kiziltepe operation. Mining at Kiziltepe continues to exceed expectations and is generating significant revenue from sales. The reported cost per ounce of this operation is very positive. We look forward to continuing our relationship with the Company."

At 1:08pm: (LON:SVE) Starvest PLC share price was +0.38p at 3.88p

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Starvest notes positive update from Alba

Startvest said it has noted the positive update provided by investee Company Alba Mineral Resources.

Highlights include:

- Significant rise in share price of investee company Alba Mineral Resources PLC;

- Starvest retains its holding of more than 26,000,000 shares in Alba Mineral Resources PLC;

- Alba holds a diversified portfolio of strategic projects;

- Horse Hill 1 oil well flow rates positive. Callum Baxter, Chairman and CEO commented:

"Starvest have been a long term investor and supporter of Alba Mineral Resources plc. The team at Alba, headed by George Frangeskides and Michael Nott (former CEO now non-executive director), have worked very hard to assemble a portfolio of strategic projects. It is encouraging to see the recent share price rise for Alba reflecting the advancement of their projects and acquisition of new licences. We look forward to further positive news from Alba."

At 1:21pm: (LON:SVE) Starvest PLC share price was -0.25p at 2.63p

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Starvest losses widen

Starvest has reported a pre-tax loss of £143k for the six months to 31 March 2017, compared to a loss of £104k for the same period last year.

Revenue was slightly higher for the period at £58k versus £53k for 2016.

The Company's Chairman and Chief Executive, Callum Baxter, said:

"A modest recovery in the mining and resources sector continued during the six month period to 31st March 2017. This improvement was reflected in our net asset value increasing from £1.16m as at 31 December 2016 to £1.24m as at 31 March 2017 and has continued to improve since period end; at the close of business on 16 June the value had increased to £1.67m or 3.34 pence per share on a discounted basis.

"The Company continues its historic policy of investing in early stage mining resource projects, but we are also pursuing new investment areas.

"Several of our investee companies have achieved significant milestones in the recent past. Ariana Resources PLC (AIM:AAU) moved from being an explorer to producer early in the year targeting considerable annual gold-silver production along with a major resource upgrade. Salt Lake Potash (AIM:SO4) confirmed positive production potential from its potash operation and expansion of landholdings. Greatland Gold PLC (AIM:GGP) announced the discovery of a new gold province followed by execution of a deal with global gold giant Newmont plus exciting news from the Paterson region in Western Australia.

"Other investee companies remain active such as Oracle Coalfields (AIM:ORCP) seeing its coal project elevated to a priority list by the local government and BMR Group (AIM:BMR) proceeding with plant construction at its lead-zinc operation. Kefi Minerals (AIM:KEFI) secured significant funding in its move toward gold production and, since the quarter end, oil and gas producer Kuwait Energy announced its intention to list on the London Stock Exchange which is likely to attract a significant valuation.

"Whilst the recovery in the commodities market remains modest Starvest has benefitted from the increased activity and is well positioned as the sector accelerates and enters its next cycle. We continue to expect an increase in demand for energy and metals over the medium and long term, and short term improvements are already notable.

"During May 2017 Starvest completed a placing of stock for cash which was pleasingly oversubscribed and secured at the prevailing market price. Gross proceeds were £170,000 with the bulk to be used for expansion of the current investment portfolio where we are likely to focus on copper, gold, lithium and cobalt opportunities. Additional cash was also generated from share sales post period end without impacting our portfolio valuation. We look forward to providing further updates to investors and the market during the coming weeks."

At 1:59pm: (LON:SVE) Starvest PLC share price was 0p at 3.5p

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Starvest updates on investee company Kuwait Energy

Starvest has announced that investee company Kuwait Energy intends to list on the London Srtock Exchange seeking a valuation of $1bn.

The Company added that Kuwait Energy is generating significant revenues from oil and gas production in the Middle East and North Africa regions and has achived outstanding growth in oil and gas reserves with significant upside for additional resources.

Callum Baxter, Chairman and CEO commented:

"We have followed the development of Kuwait Energy for several years and it is very pleasing to see the significant oil and gas discoveries and the company pushing into production to the point where they are now generating substantial annual revenue. Plus there is greater potential with the development of additional reserves from large assets. Starvest notes the intention of Kuwait Energy to seek a premium listing on the London Stock Exchange and we are closely following the progress of the IPO."

At 3:01pm: (LON:SVE) Starvest PLC share price was +0.13p at 3.5p

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