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Pin to quick picksGriffin Mining Share News (GFM)

Share Price Information for Griffin Mining (GFM)

London Stock Exchange
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Share Price: 159.00
Bid: 157.00
Ask: 159.00
Change: 1.00 (0.63%)
Spread: 2.00 (1.274%)
Open: 160.00
High: 160.00
Low: 157.00
Prev. Close: 158.00
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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
12 Feb 2020 18:26

Griffin Mining re-staffs China mine as coronavirus restrictions lifted

Feb 12 (Reuters) - Griffin Mining said on Wednesday it was returning essential staff to its Caijiaying mine in northeastern China to restart operations after Chinese government decrees restricting all non-essential businesses due to a coronavirus...

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12 Feb 2020 18:06

Griffin Mining To Restart Caijiaying Mine As China Lifts Restrictions

Griffin Mining To Restart Caijiaying Mine As China Lifts Restrictions

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5 Feb 2020 13:39

Griffin Mining shares down on coronavirus closure at mine

(Sharecast News) - Griffin Mining updated the market on its operations at the Caijiaying Mine in China on Wednesday, as it remained affected by the ongoing outbreak of novel coronavirus in the country.

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5 Feb 2020 11:40

Griffin's Chinese Operations Halted By Coronavirus Measures

Griffin's Chinese Operations Halted By Coronavirus Measures

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29 Jan 2020 14:05

Griffin Mining reassures shareholders as coronavirus affects operations

(Sharecast News) - Griffin Mining updated the market on operations at its Caijiaying Mine on Wednesday, in light of restrictions imposed by various levels of government in China amid the ongoing outbreak of Wuhan coronavirus.

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29 Jan 2020 13:39

Griffin Mining Says China Mining Operations Halted Amid Virus Outbreak

Griffin Mining Says China Mining Operations Halted Amid Virus Outbreak

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13 Jan 2020 13:19

DIRECTOR DEALINGS: Griffin Mining Director's Associate Buys Shares

DIRECTOR DEALINGS: Griffin Mining Director's Associate Buys Shares

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8 Jan 2020 15:17

DIRECTOR DEALINGS: Griffin Mining Director Brynelsen Buys Shares

DIRECTOR DEALINGS: Griffin Mining Director Brynelsen Buys Shares

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31 Oct 2019 08:12

Griffin Mining Reports Further Delays For Caijiaying Mining Licence

Griffin Mining Reports Further Delays For Caijiaying Mining Licence

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16 Sep 2019 11:34

Griffin Mining Interim Performance Disappoints Due To Zinc Price Fall

(Alliance News) - Griffin Mining Ltd said Monday its interim profit more than halved in the first half of 2019 on falling zinc metal prices and higher smelter treatment charges.For the six

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20 Jun 2019 16:06

Griffin Mining Will Not Meet Market Expectations In Current Conditions

(Alliance News) - Griffin Mining Ltd on Thursday said it will not meet market expectations for 2019 if zinc prices and smelter treatment charges stay flat.Shares in Griffin were down 13% at

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30 Apr 2019 11:47

Griffin Mining Shares Drop As 2018 Profit Drops On Lower Production

LONDON (Alliance News) - Shares in Griffin Mining Ltd fell on Tuesday after the miner reported a drop in profit and revenue for 2018 due to falling prices, as well as lower concentrate production

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3 Apr 2019 16:46

Griffin Mining nearly doubles resource estimate for Zone III at Caijiaying mine

(Sharecast News) - Shares of Griffin Mining shot higher after outfit reported a near doubling in the estimated mineral resource at the Zone III part of its Caijiaying zinc mine in the People's Republic of China.

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28 Sep 2018 15:26

DIRECTOR DEALING: Adam Usdan Raises Stake In Griffin Mining To 19.2%

LONDON (Alliance News) - Griffin Mining Ltd said Friday that a company connected to Non-Executive Director Adam Usdan purchased 50,000 shares at 86.0 pence per share on Thursday.Following a

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21 Sep 2018 15:22

DIRECTOR DEALINGS: Griffin Mining Non-Executive Director Buys Shares

LONDON (Alliance News) - Griffin Mining Ltd said Non-Executive Director Adam Usdan purchased 60,000 shares at a price of 87.8333 pence per share on Thursday.Following this GBP52,700 Usdan a

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