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Pin to quick picksTen Life Share News (TENG)

Share Price Information for Ten Life (TENG)

London Stock Exchange
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Share Price: 69.00
Bid: 65.50
Ask: 69.00
Change: 4.25 (6.56%)
Spread: 3.50 (5.344%)
Open: 66.00
High: 69.00
Low: 66.00
Prev. Close: 64.75
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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.

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6 Jul 2021 15:05

IN BRIEF: Ten Lifestyle wins contract with credit card issuer

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6 Jul 2021 08:41

Ten Lifestyle wins three-year contract with APAC credit card issuer

(Sharecast News) - Concierge platform Ten Lifestyle Group has won a new three-year contract with an unnamed "leading c" in the Asia-Pacific region.

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13 May 2021 16:40

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19 Mar 2021 09:05

Ten Lifestyle interim revenues impacted by subdued demand for core services

(Sharecast News) - Concierge platform Ten Lifestyle Group said on Friday that interim net revenues were expected to be roughly £17.4m amid subdued demand for core dining, travel and live entertainment services due to the ongoing Covid-19 pandemic.

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18 Mar 2021 15:46

EXECUTIVE CHANGES: Sureserve executive chair departs after turnaround

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3 Feb 2021 14:26

IN BRIEF: Ten Lifestyle Gets New Mandate To Expand Existing Contract

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UK Shareholder Meetings Calendar - Next 7 Days

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UK Earnings, Trading Statements Calendar - Next 7 Days

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17 Sep 2020 15:44

IN BRIEF: Ten Lifestyle Full-Year Performance To Beat Market Forecasts

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17 Sep 2020 10:42

Ten Lifestyle expects FY revenues, earnings to be 'slightly ahead' of expectations

(Sharecast News) - Concierge platform operator Ten Lifestyle Group said on Thursday that both net revenues and adjusted underlying earnings for the year ended 31 August would be "slightly ahead" of market expectations.

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23 Jul 2020 15:38

Ten Lifestyle Wins Multi-Year Contract With Westpac

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12 Jun 2020 15:58

IN BRIEF: Ten Lifestyle Extends Several Large To Medium Contracts

IN BRIEF: Ten Lifestyle Extends Several Large To Medium Contracts

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14 May 2020 16:39

Ten Lifestyle Interim Loss Narrows; Cuts Costs Amid Uncertain Outlook

Ten Lifestyle Interim Loss Narrows; Cuts Costs Amid Uncertain Outlook

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