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Pin to quick picksGlobalworth Share News (GWI)

Share Price Information for Globalworth (GWI)

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Share Price: 2.42
Bid: 2.40
Ask: 2.48
Change: 0.00 (0.00%)
Spread: 0.08 (3.333%)
Open: 2.42
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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
19 Feb 2014 08:46

Globalworth acquires landmark office building in Bucharest

Globalworth Real Estate Investments has acquired Tower Center International (TCI), a recently constructed landmark office building. TCI, which was purchased for 58m euro, is a 26-storey building located in Bucharest's Central Business District, a prime office submarket which has good infrastructure

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14 Feb 2014 10:05

Globalworth Signs EUR65 Million Debt Facility With UBS

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd Friday said it has signed a short-term holding-level bank debt facility for up to EUR65 million with Swiss bank UBS AG. The Eastern Europe-focused real estate investment company, targeting opportunities in Romania, said the ar

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12 Feb 2014 08:55

Globalworth Real Estates Targets Romania Following Strong Year

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd Wednesday said it has had a good year since its admission to AIM in July last year, posting pretax profit of EUR13.7 million for the full year. The Eastern Europe-focused real estate investment company posted revenue of EUR8.1

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12 Feb 2014 08:25

UK MORNING BRIEFING: Telecity Drops 13% As Market Awaits BOE

LONDON (Alliance News) - Shares have opened mostly flat Wednesday, as the market awaits the Bank of England's Quarterly Inflation Report at 1030 GMT.

Telecity is holding back the FTSE 250. The data-centre provider is down 13% after announcing higher 2013 profit and

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31 Jan 2014 11:31

Globalworth Real Estate Investments Appoints Contractor For Bucharest One Tower

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd Friday said it has appointed a contractor to construct the Bucharest One office tower. The real estate investment company, which focuses on Romania, said it has appointed BOG'ART - which it calls one of the largest and most re

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29 Jan 2014 11:28

Globalworth Real Estate names CFO

Globalworth Real Estate, the recently listed AIM property investment company, announced the appointment of a new Chief Financial Officer (CFO). The company, which is focused on Eastern and Southern Europe, have selected Andreas Papadopoulos as the new CFO. Papadopoulos has worked for Ernst & Young

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29 Jan 2014 10:27

Globalworth Real Estate Appoints Papadopoulos As New CFO

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd Wednesday said it has appointed Andreas Papadopoulos as its new finance boss. The Romania-focused real estate investor said Papadopoulos will join the company in March as chief financial officer. "Andreas is not only a s

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27 Dec 2013 08:16

Globalworth Real Estate Buys Project To Build Bucharest's Second-Tallest Building

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30 Sep 2013 13:55

Globalworth Real Estate Investments Completes First Acquisition

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