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Pin to quick picksGriffin Mining Share News (GFM)

Share Price Information for Griffin Mining (GFM)

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Share Price: 154.50
Bid: 151.00
Ask: 158.00
Change: 0.00 (0.00%)
Spread: 7.00 (4.636%)
Open: 0.00
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Prev. Close: 154.50
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AIM WINNERS & LOSERS: Griffin restarts Caijiaying; Ten Lifestyle drops

Fri, 04th Mar 2022 11:13

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Griffin Mining Ltd, up 8.2% at 86.55p, 12-month range 80.80p-149.00p. Underground mining operations at the Caijiaying zinc-gold mine in China are scheduled to restart on March 15. The processing facilities will be initiated shortly thereafter, and then underground drilling at both zones two and three will commence earlier than planned on Monday next week. "I am grateful to all our professional staff, employees and contractors in keeping to the scheduled re-start of operations announced by the company late last year. This is even more critical in light of the spot zinc price trading over USD4,000 tonne, the highest price in over 15 years, and the significantly positive effect that will have on the cash generated by our operations," says Chair Mladen Ninkov.

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AIM - LOSERS

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CVS Group PLC, down 2.8% at 1,664.00p, 12-month range 1,580.00p-2,770.00p. The UK Competition & Markets Authority says it could the clear veterinary services firm's acquisition of Quality Pet Care following undertakings offered by the Norfolk-based veterinary services provider. The undertakings offered by CVS include the divestment of the entire The Vet business. The UK watchdog now has until May 4 to decide on whether it will accept the undertakings, but has the option to extend its timeframe to July 1 should there be exceptional reasons for doing so. In August, CVS announced its acquisition of Quality Pet Care, which trades as The Vet for GBP20.4 million. However in September, the UK CMA had opened an investigation into the deal, and in February had judged that the acquisition would reduce competition in Bristol, Nottingham, Portsmouth, Southampton and Warrington.

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Globalworth Real Estate Investments Ltd, down 5.1% at EUR5.58, 12-month range EUR5.58-EUR7.48. Swings to profit in 2021, thanks to a reduced fair value loss on its investment property portfolio. It reported pretax profit of EUR62.1 million last year, compared to a loss of EUR30.5 million in 2020. Globalworth recorded a fair value loss on investment property of just EUR5.7 million, compared to EUR116.2 million in 2020. Revenue slipped slightly by 1.7% to EUR219.4 million in 2021 from EUR223.3 million, with higher expenses driving net operating income down 8.3% to EUR144.3 million from EUR157.3 million. Total combined portfolio value rose 3.9% to EUR3.2 billion as of December 31. Preliminary EPRA net reinstatement value was EUR1.9 billion, or EUR8.66 per share at December 31, a slight decrease from EUR8.68 a year before.

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Ten Lifestyle Group PLC, down 24% at 80.70p, 12-month range 80.50p-122.00p. Expects earnings for its 2022 financial year to be below expectations, due to the effect of the Omicron variant. For the year ending August 31, Ten Lifestyle expects to report a rise in adjusted earnings before interest, tax, depreciation and amortisation above the GBP4.4 million posted the year before, but the figure is set to be below expectations. This is due to a reduction in member requests since December after the emergence of the Omicron variant of Covid-19. In addition, net revenue for the year remains in line with management expectations, as new contract wins launching in the second half and the easing pandemic offset the effect of Omicron. Looking further ahead, Ten Lifestyle expects the new contract wins to increase revenue and profitability in line with its expectations for the 2023 financial year.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
18 Mar 2022 14:56

IN BRIEF: Griffin Mining restarts operations at Caijiaying mine

Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - Restarts underground operations at the Caijiaying zinc gold mine in the Hebei Province in China. The mill facilities are scheduled to start processing ore again on March 25.

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18 Mar 2022 14:02

Griffin restarts operations at Caijiaying Mine

(Sharecast News) - Griffin Mining announced on Friday that underground operations had now restarted at the Caijiaying Mine, and that the mill facilities were scheduled to recommence processing ore on 25 March.

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4 Mar 2022 11:00

Griffin Mining shares rise on planned restart of Caijiaying operations

(Alliance News) - Griffin Mining Ltd on Friday said underground mining operations at the Caijiaying zinc-gold mine in China are scheduled to restart on March 15.

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4 Mar 2022 09:42

LONDON BROKER RATINGS: JPMorgan cuts Polymetal; Panmure raises Melrose

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

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2 Feb 2022 19:37

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

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2 Feb 2022 12:32

Griffin appoints new operations chief from Caijiaying Mine

(Sharecast News) - Griffin Mining announced the resignation of Damien Houseman as the general manager of Caijiaying Mine on Thursday, with current mine manager John Steel being appointed as its chief operating officer with immediate effect.

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18 Jan 2022 20:39

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31 Dec 2021 11:26

Griffin expecting 'bleak' first quarter as mine closes for Winter Olympics

(Sharecast News) - Griffin Mining announced on Friday that mining and milling operations ceased on the night shift last night and, as was customary practice for the Caijiaying Mine, would remain closed during the Chinese New Year holiday period.

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31 Dec 2021 08:49

IN BRIEF: Griffin Mining warns of "bleak" financial start to year

IN BRIEF: Griffin Mining warns of "bleak" financial start to year

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LONDON MARKET PRE-OPEN: Mercia to see windfall from Faradion sale

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5 Nov 2021 16:06

IN BRIEF: Griffin's Caijiaying mine to close for Winter Olympics

IN BRIEF: Griffin's Caijiaying mine to close for Winter Olympics

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12 Oct 2021 12:14

IN BRIEF: Griffin pleased with quarterly production but stays cautious

IN BRIEF: Griffin pleased with quarterly production but stays cautious

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12 Oct 2021 09:44

Griffin Mining sees growth in ore mined and processed

(Sharecast News) - Mine operator Griffin Mining said on Tuesday that ore mined and processed had now reached roughly 100,000 tonnes per month.

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