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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
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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
26 Apr 2019 13:40

Globalworth Real Estate Makes Further Major Polish Investment

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd has made two investments in Poland worth over EUR110 million, it announced Friday.Globalworth has bought newly completed in

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26 Apr 2019 08:49

Globalworth buys two office complexes in Poland

(Sharecast News) - Globalworth Real Estate announced a conditional agreement for the acquisition of two investments in Poland, which were identified as part of its acquisition pipeline announced on 11 March, for a combined transaction value of €113.2m on Friday.

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16 Apr 2019 15:23

DIRECTOR DEALINGS: Globalworth Director Acquires Shares In Placing

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd on Tuesday said Non-Executive Director Eli Alroy acquired 301,186 shares in the company during a recent share placing.Alroy

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10 Apr 2019 14:28

Globalworth Real Estate Raises EUR347 Million Via Share Placing (ALLISS)

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd on Wednesday confirmed issuing EUR500.5 million worth of shares pursuant to a previously-announced placing.The company 38.2

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3 Apr 2019 17:09

Globalworth Subsidiary Makes EUR170 Million Of Property Acquisitions

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd on Wednesday said its subsidiary has made two acquisitions in Poland for a combined total of EUR169.9 million.Globalworth a

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19 Mar 2019 12:47

Oak Hill Advisors Appointee To Globalworth Real Estate Departs

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd on Tuesday said Non-Executive Director Alexis Atteslis has stepped down with immediate effect after Oak Hill Advisors reduced its

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12 Mar 2019 18:46

Globalworth Real Estate To Raise EUR500 Million Through Placing (ALLISS)

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd said Tuesday it will hold an extraordinary general meeting on March 29 so shareholders can authorise the firm's EUR500 million

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11 Mar 2019 18:32

Globalworth Real Estate Ups Stake In Polish Subsidiary To 78% (ALLISS)

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd said Monday it has increased its stake in its Polish subsidiary, Globalworth Poland, to 78%.Globalworth Real Estate acquired

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11 Mar 2019 09:47

Globalworth Real Estate Investments Hikes Annual Payout As Profit Up

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd on Monday reported a significant improvement in earnings as a result of expansion in Poland.The office investor said its in

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20 Dec 2018 14:25

Globalworth snaps up two 'high quality' office buildings in Poland

(Sharecast News) - AIM-listed real estate outfit Globalworth has acquired two "high quality" office building in the Polish capital of Warsaw for a total of €190m, before working capital and other customary adjustments.

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31 Oct 2018 10:08

Globalworth snaps up two Warsaw office buildings

(Sharecast News) - Globalworth Real Estate announced on Wednesday that its subsidiary, Globalworth Poland, has entered into a preliminary sale-and-purchase agreement with Unibail-Rodamco-Westfield, for the landmark acquisition of two high quality office buildings in Warsaw, known as Skylight and Lumen.

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31 Oct 2018 09:48

Globalworth Real Estate To Fund Polish Unit Warsaw Offices Purchase

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd said Wednesday its Polish subsidiary has agreed to acquire two Warsaw office properties for EUR190 million from French property - -

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19 Sep 2018 12:04

Globalworth Real Estate Swings To Interim Profit On Doubled Revenue

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd said on Wednesday it swung sharply into a profit for the first half of 2018 after high revenue growth, lower finance costs, and a a

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28 Aug 2018 18:17

Globalworth Real Estate Investments Swings To Interim Profit

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd said Tuesday that it swung to an interim profit in the six months to June 30.For the six-month period, the company posted a

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8 Jun 2018 18:37

Globalworth Real Estate Unit To Raise EUR450 Million Via Share Issue (ALLISS)

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd said Friday that its Polish unit Globalworth Poland Real Estate NV intends to raise EUR450 million through the issue of new company

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