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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: 162.00
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TRADING UPDATES: Michelmersh Brick, Mattioli Woods on-track for growth

Thu, 07th Jul 2022 16:48

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Michelmersh Brick Holdings PLC - West Sussex-based brick maker - For the first half of 2022, expects revenue to be at least GBP33 million, reflecting a 10% year-on-year increase. Alongside its forward order book, the company remains on track to meet annual expectations

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Mattioli Woods PLC - Leicester, England-based asset manager - For the year ended May 31, revenue grows 70% from GBP62.6 million the year before, with profit on-track to meet management expectations. As at May 31, client assets totalling GBP14.9 billion, up from GBP12.1 billion the prior year. Looking ahead, trading in the current financial year reflect further growth ahead of management expectations, however inflationary pressure is expected to affect profit margin in the near term.

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Avingtrans PLC - provides components and systems for the energy, medical and industrial sectors - Expects performance for the year ended May 31 to be in line with market expectations, with a cash position at the end of May in excess of GBP16 million, compared to GBP23 million the same date in 2021. Order and prospect pipeline also remains strong.

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abrdn New Dawn Investment Trust PLC - investor in companies in the Asia-Pacific region - For the year ended April 30, net asset value total return is minus 11%, compared to the benchmark MSCI All Countries Asia Pacific ex Japan Index, which made a negative return of 9.2%. As at the end of April, net asset value per share drops 12% to 325.17 pence from 369.97p the same date a year before. Keeps annual dividend at 4.30 pence per share.

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Physiomics PLC - oncology consultancy based in Oxford, England - For the year ended June 30, expects total income and post tax profit to be in line with market expectations, driven by the signing of new of follow-on investments with Merck KGaA, Numab Therapeutics and Bicycle Therapeutics.

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Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - For the second quarter of 2022, gold concentrate production drops annually to 3,504 ounces from 4,080 ounces, while silver output dips to 79,246 ounces from 81,098 ounces the same period a year before. Meanwhile, Griffin achieves record zinc output at 13,189 tonnes from 11,645 tonnes a year prior, in addition to a record figure of more mined at 338,790 tonnes from 277,112 tonnes.

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DX Group PLC - Slough, England-based parcel freight, secure courier and logistics company - For the year ended July 2, expected trading for the period to be significantly ahead of management expectations, with revenue on-track to be GBP425 million, an 11% increase from GBP382.1 million. A reason for the stronger performance was DX Freight, where revenue increased 15% annually, while DX Express revenue rose 7%.

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Argo Blockchain PLC - London-based cryptocurrency miner - Mines 179 bitcoin or bitcoin equivalent in June, up from 124 in May, as a result of an increase in total hashrate capacity and greater uptime at the Helios facility. Based on daily foreign exchange rates and cryptocurrency prices during the months, mining revenue in June rose to GBP3.4 million from GBP3.1 million in May.

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Artemis Alpha Trust PLC - investor in listed and unlisted companies - For the year ended April 30, net asset value total return was minus 22%, compared to the FTSE All-Share index, which returned 8.7%. As at April 30, net asset value per share drops 23% to 367.65 pence from 476.17p the same date a year prior. Dividend per share increases 5.7% to 5.60 pence from 5.30p the prior year.

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Novacyt SA - Surrey-based biotechnology group focused on clinical diagnostics - For the first half of 2022, revenue declines 68% to GBP16.5 million from GBP52.2 million the same period a year before, driven mainly by a faster than expected fall in Covid-19 related revenue. Looking ahead, should the rate of decline to Covid-related revenue persist, Novacyt expects revenue for 2022 as a whole to be GBP25 million, down from the company's former guidance range of GBP35 million to GBP45 million. This would deliver a loss before interest, tax, depreciation and amortisation of GBP11 million.

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Echo Energy PLC - London-based energy company focused on Latin America - For the first six months of 2022, net production reaches aggregate of 261,290 barrels of oil equivalent, driven by a successful upgrade to the compressor, leading to substantial output increases to production from the Oceano field. Also, company and joint venture partners agree on plan to materially increase production at Santa Cruz Sur, which includes increasing production from the project over a six-month period expected to start in the third quarter of 2022. Production is expected to be increased by 40% over current levels.

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Peel Hunt Ltd - London-based investment bank - For the first quarter ended June 30, revenue reaches GBP22.8 million, as a result of market wide capital markets activity remaining at low levels.

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Time Finance PLC - Bath, England-headquartered funding solutions provider - For the year ended May 31, pretax profit is set to decline 45% to GBP1.1 million from GBP2.0 million,reflecting the goodwill write-off of a non-core brokerage as well as restructuring costs. Revenue meanwhile is expected to drop 2% to GBP23.6 million from GBP24.2 million, despite the own-book gross lending portfolio increasing 19% annually to GBP137.8 million from GBP115.7 million.

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Sabien Technology Group PLC - London-based boiler efficiency products company - For the year ended June 30, revenue drops 14% to GBP830,000 from GBP970,000, noting a challenging supply chain environment.

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CAP-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - For the year ended June 30, revenue and adjusted loss before interest, tax, depreciation and amortisation are set to be in line with expectations. Total revenue is on-track to increase 31% year-on-year to AUD5.6 million, while adjusted Lbitda will stand at AUD699,000. Looking ahead, expects to see continued growth in product sales for its current financial year, as a result of rising customer demand for DMF and DMT products and cylindrical supercapacitors in Malaysia.

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Caledonia Investments PLC - FTSE 250-listed investment trust - net asset value per share as at June 30 stands at 4,884 pence versus 5,032p at March 31, while the NAV total return for the three-month period is 1.3%, due to a stronger performance in the trust's Funds and Private Capital parts of its portfolio.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 May 2024 14:29

EARNINGS AND TRADING: Griffin Mining profit up; Secure Trust confident

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

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15 May 2024 12:19

Griffin Mining revenue, profits jump in 2023

(Sharecast News) - Griffin Mining reported a substantial increase in revenue in its final results for 2023 on Wednesday, to $146.02m, compared to $94.4m in 2022.

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1 May 2024 09:26

LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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24 Apr 2024 12:26

Griffin Mining subsidiary adds wind energy to Caijiaying Mine

(Sharecast News) - Griffin Mining announced a significant milestone in its sustainability strategy on Wednesday, as its subsidiary Hebei Hua Ao Mining Industry Company (HHA), inked an agreement with Zhangjiakou Guoao New Energy (ZGNE) to exclusively use energy generated from two 6.3MW wind turbines, collectively generating 12.6MW of wind power, at the Caijiaying Mine.

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24 Apr 2024 11:26

Griffin Mining inks deal for Caijaying to be powered by green energy

(Alliance News) - Griffin Mining Ltd on Wednesday said its operating subsidiary Hebei Hua Ao Mining Industry Co Ltd has entered into a deal with Zhangjiakou Guoao New Energy Co Ltd for the Caijaying mine to be 100% powered by green, renewable energy.

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12 Apr 2024 11:30

Griffin Mining begins buyback due to "undervalued" share price

(Alliance News) - Griffin Mining Ltd on Friday commenced a share buyback programme, spurned by what the company deemed an undervaluation of its share price.

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11 Apr 2024 14:22

Griffin Mining production takes hit from Lunar New Year holidays

(Alliance News) - Griffin Mining Ltd on Tuesday reported a drop in quarterly production, following disruption to operations from the Chinese Lunar New Year and Spring Festival holidays.

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11 Apr 2024 09:59

Griffin Mining confident despite first quarter production weakness

(Sharecast News) - Griffin Mining updated the market on production at the Caijiaying zinc-gold mine for the March quarter on Thursday, reporting that operations were affected by the Chinese Lunar New Year and Spring Festival holidays.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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23 Feb 2024 12:48

Board member resigns from Griffin Mining's HHA subsidiary

(Sharecast News) - Griffin Mining announced the resignation of Shengchang Jin from his position as a director of Hebei Hua Ao Mining (HHA), an operating subsidiary owned 88.8% by the company, on Friday.

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17 Jan 2024 16:55

IN BRIEF: Griffin Mining reports jump in output across board in 2023

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Reports production figures for 2023. Ore mined up 77% to 1.5 million tonnes from 852,579 tonnes the year before, while ore processed jumps 82% to 1.5 million tonnes in 2023 from 831,549 in 2022. Zinc production rises 79% to 56,933 tonnes from 31,787, gold production jumps 68% to 17,052 ounces from 10,137 ounces, silver production climbs 40% to 314,667 ounces from 224,587 ounces and lead production advances 65% to 1,546 tonnes from 940 tonnes. Chair Mladen Ninkov describes figures as "spectacular". "From a company that has only ever raised net capital of under USD30 million and no debt in its 26-year history to now have a world class, modern, underground mine, producing over 1.5 million tonnes of ore per year is an extraordinary."

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17 Jan 2024 14:56

Griffin Mining reports 'spectacular' year at Caijiaying

(Sharecast News) - Griffin Mining released production results for the Caijiaying Zinc Gold Mine for the three months and year ended 31 December on Wednesday, reporting impressive achievements.

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8 Jan 2024 08:38

CORRECT (Jan 5): Griffin Mining buys back shares from joint broker

(Clarifies that Griffin Mining bought back shares.)

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5 Jan 2024 15:24

IN BRIEF: Griffin Mining issues shares to joint broker

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Enters into trades through its joint broker Joh. Berenberg, Gossler & Co KG to issue 8.9 million of its own shares, about 4.6%, at a price of 88 pence per share for GBP7.8 million. Griffin Mining Finance Director Roger Goodwin sells 1.4 million shares at 88p each as part of the transaction. After the sale, Goodwin holds a 0.8% stake of issued shares in the company, or 1.5 million shares.

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15 Dec 2023 10:59

IN BRIEF: Griffin Mining subsidiary director under hotel detention

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Says Director Shengchang Jin of subsidiary Hebei Hua Ao Mining Industry Co Ltd has been placed under hotel detention by Chinese authorities. Says he is being investigated in relation to his role as chief executive officer of Zhangjiakou Yuanrun Enterprise Management Consulting Service Co Ltd. Says investigations only relate to Jin and do not affect any HHA operations.

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