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GFM Griffin Mining Limited

98.80
0.90 (0.92%)
Last Updated: 10:00:16
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Griffin Mining Limited GFM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.90 0.92% 98.80 10:00:16
Open Price Low Price High Price Close Price Previous Close
97.00 97.00 98.80 97.90
more quote information »
Industry Sector
MINING

Griffin Mining GFM Dividends History

No dividends issued between 22 Feb 2014 and 22 Feb 2024

Top Dividend Posts

Top Posts
Posted at 08/2/2024 07:13 by alangriffbang
zoo good morning better day on the shares for me yesterday after a bad Monday ,Perseus hasn’t moved for the last two days but zinc has been falling everyday for the past ten days ,the Dow continues to rise whilst our stock market continues to fall, we need GFM to buy back shares I’m not interested in a dividend , I think it will be sold or taken private sooner rather than later ,I think Redhill was very patient with the idiot phillis he’s supposed to be intelligent and keeps asking the easiest of questions ,it’s started wet today but may move north soon ,you have a good day, off to the cafe now ,
Posted at 05/2/2024 11:13 by theapiarist
"Once you start paying out dividends, the expectations of
shareholders starts to change, and so do the kinds of
investors and funds buying into the stock."

So true, Rose.

Unfortunately Griffin have limited their ability to pay a decent dividend to private shareholders by pledging much of the available cash to the directors and their mates.
Posted at 05/2/2024 08:00 by rose_by_another_name
"When it announced its results last week, Meta safely put
its ill-judged foray into virtual reality to one side, and
launched something that will be far more exciting for its
owners. A dividend."

"Investors, understandably, like the sound of that, sending
the shares up by 15pc on the day it was announced"

"Once you start paying out dividends, the expectations of
shareholders starts to change, and so do the kinds of
investors and funds buying into the stock."
Posted at 23/1/2024 14:20 by zooman
Alan, the troll or "trolls" will soon start again about dividends. K is going on about shares held in treasury and what they will do with them. At some point they'll be cancelling them, that's what will happen. If they need more they will issue more. .They seem to forget GFM needed access to the 10 million in order to stop them being dumped on the market. .They haven't got a clue and the more I look the more I see and hear it's going private..Never underestimate the stupidity of our Trolls or Troll....
Posted at 19/1/2024 07:10 by alangriffbang
zoo good morning just up muck and rose muck last night a pair without brains Perseus was up slightly but zinc down again ,that’s the end of GFM rise let’s hope they buy back some shares soon to keep the price up ,if I was looking to invest a fair amount of money GFM would be the last share I would buy into, another frost this morning but temperatures will now be on the rise together with wind and rain ,off to the cafe soon there will be quite a crowd of us this morning ,have a good day , good luck
Posted at 18/1/2024 11:14 by theapiarist
Just sold 60,000 in my GFM trading account. There may well be a little more mileage in this 5th Zoo GFM to 60p cycle but will keep my core holding intact. Now at an average of 18p
Posted at 18/1/2024 07:11 by alangriffbang
zoo good morning , sharp frost today but very healthy , Perseus was back up again and gold is up a bit ,AAZ had a good day yesterday which helps ,GFM will now do nothing for a while as usual ,they are all fired up that there is no dividend personally it doesn’t bother me I expect the buybacks will continue which is fair enough ,the muck will be out in force soon for there day duty ,ha ha ha ,it’s so funny none of them have got a lives , the grim reaper will get one of them soon then they will wish that they had done things differently , you have a good day,
Posted at 14/12/2023 14:47 by rose_by_another_name
I've been following Legal and General and it has gone
up about 12% since we last discussed it here. Plus a
dividend yield around 8%.

Zoo was very dismissive as I recall. He must have missed
out on millions of "lost profits".
Posted at 10/12/2023 13:41 by theapiarist
Hi Sage. Certainly, the two year period covered by my chart shows little correlation between GFM share price and Zinc (-10.5% and -27.3% respectively).

However, we are dealing with a basket of metals rather than one alone.
The corresponding figures for Gold and Silver are +12.6% and +5.2% respectively.

I haven't done a proper comparison taking into account the relative volumes and prices of the individual components of the "basket", but clearly the r factor for the basket would be larger than that for Zinc alone and that GFM is more systemic than you imply.

Having said all that, I agree that there are additional unique GFM centric factors at work. Firstly, the buybacks which at worst cannot do any harm but at best may do some good, small though that may be!
Secondly, as you say, the possibility of interested party or better still parties plural showing an interest in buying the company.

Hopefully, these factors will keep the share price from penetrating my support line and maybe strong enough to propel it to the resistance line in the medium term.

PS

Since my holding, like my others, is held in an ISA, tax issues shouldn't be a personal concern. But, as you say, they may be a factor in the timing of any sale.

A small niggle would be if any offer wasn't 100% cash with the balance being in the form of securities which didn't qualify for inclusion in an ISA wrapper.
Posted at 10/12/2023 09:52 by sageman
I have looked again at your chart Mr Bee. Normally GFM has a strong correlation with zinc but this does not apply here. Similarly there is no correlation with the broader Chinese market.The chart is therefore not systematic it is GFM centric suggesting that other than buy backs there is a level of interest building here, albeit small. My own view is that GFM will be bought out and sooner rather than later. We have our US holders but the stock is listed in the U.K. so we need to look at U.K. issues. I am told that Labour may align CGT and income tax rates. On a company sale you essentially get the value of the company plus the cash ( hence why they don’t draw the cash as dividends in the period prior to a sale). Ok we haven’t had a dividend for years, lol!😂. That aside if they are looking for a sale it needs to be in the next year ( 20% CGT vs 45% income tax) prior to a labour government. All IMHO . GLA

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