Share Name Share Symbol Market Type Share ISIN Share Description
Griffin Mining LSE:GFM London Ordinary Share BMG319201049 ORD $0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -0.95% 157.00p 155.00p 157.00p 158.50p 156.00p 158.50p 184,550 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 93.8 45.1 18.2 8.5 270.84

Griffin Mining Share Discussion Threads

Showing 28601 to 28623 of 28625 messages
Chat Pages: 1145  1144  1143  1142  1141  1140  1139  1138  1137  1136  1135  1134  Older
DateSubjectAuthorDiscuss
25/5/2018
12:43
I wish CEY was as boring as GFM...... I'm also a holder of CEY and have topped up today. 7p dividend this year 10p last year they will still make a good profit this year and pay a good dividend next.
ukgeorge
25/5/2018
12:35
Today's fall in CEY's share price represents part of the advantage the dividend has given their value in the eyes of investors. If it were a share without a yield, the share price would have been lower to start with. I am a holder of CEY (Centamin)
rose_by_another_name
25/5/2018
09:16
It wasn't too long ago that someone was here justifying that GFM should pay a dividend using CEY as an example. The news today from them shows the dangers of a single mine operation when things do not go to plan. As a result of the shortfall in production the dividend will likely also be cut, driving away a certain type of investor. You have to be careful what you wish for as unexpected changes in situation can severely dent your pocket. GFM is currently very boring indeed, seemingly at the top of the channel and waiting for the next set of results. Either that or some, any news on the license...
polaris
23/5/2018
14:53
Hi Rogue, I've not got a decent zinc chart to hand. but sure looking at the one above it does suggest a fall under 1.4 would lead to a fall to 1.2 area. Or a bit of a rise could break the downtrend from Feb. hopefully the latter...
ukgeorge
23/5/2018
14:48
Cheers UKG, I see what you are saying re the GFM chart. I was looking at the price of Zinc chart and wondering whether any break below the 1.40 mark would suggest any further significant move either up or down in the zinc price from a charting perspective. RT
roguetreader
23/5/2018
14:08
the chart is suggesting another 40p rise. This is on the basis that a flag formation is in the making with the last sharp rise 120p to 160p is the flag pole.
ukgeorge
23/5/2018
09:21
Another purchase by GFM - seem to be buying on the dips.
podgyted
22/5/2018
11:58
I'm a chart novice, but zinc is currently looking to me to be at an inflexion point medium term i.e. looks like it could either break significantly higher or lower, any views from those more attuned to the vagaries of the charts?
roguetreader
22/5/2018
10:31
update on the silk rd please..... they will need commodities such as zinc...tia
dreamtwister
22/5/2018
07:42
I'm off to a talk at PWC today on Chinese industrial strategy. Will report back if there is anything relevant to GFM.
mad foetus
18/5/2018
13:29
I think you might question the in perpetuity method with growth of 1.49% to calculate the terminal value of a mine
makinbuks
18/5/2018
03:30
Simply Wall St has provided the following calculations for GFM (158p on 17.05.2018) to arrive at a current value of 314p per share, thus:- DISCOUNTED CASH FLOW (2 STAGE FREE CASH FLOW TO EQUITY) The calculations below outline how an intrinsic value for Griffin Mining is arrived at by discounting future cash flows to their present value. We use analyst's estimates of cash flows going forward 5 years. See our documentation to learn about this calculation. 5 year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (USD, Millions) $49.10 $39.30 $55.30 $60.28 $65.70 Source Analyst x1 Analyst x1 Analyst x1 Extrapolated @ (9%) Extrapolated @ (9%) Present Value Discounted (@ 9.5%) $44.84 $32.78 $42.12 $41.93 $41.73 Present value of next 5 years cash flows: $203 Terminal Value Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g) Terminal Value = $66 × (1 + 1.49%) ÷ (9.5% – 1.49%) Terminal value based on the Perpetuity Method where growth (g) = 1.49%: $832 Present value of terminal value: $529 Equity Value Equity Value (Total value) = Present value of next 5 years cash flows + terminal value $732 = $203 + $529 Value = Total value / Shares Outstanding ($732 / 172) Discount to Share Price Currency Adjustment (from reporting currency to currency of AIM:GFM Ordinary Shares) Exchange rate USD/GBP = 0.74 Value per share (AIM:GFM) : £3.14 = $4.25 x 0.74 (USD/GBP) Value per share (GBP): £3.14 Current discount (share price of £1.58): 49.87%
mikesnr2
17/5/2018
23:11
The share price is nowhere near the top 300p is a fair price imo
malcolmmm
17/5/2018
21:37
Good job too!
up just a little bit
17/5/2018
18:22
1/3 dont vest until the licence is obtained as far as I remember
phillis
17/5/2018
12:18
20 million at 30 pence (to Dec. 2020) and 5 million at 40 pence(to Dec. 2018). The reports used to break this down by directors' entitlements but that isn't in the 2017 report. On April 16th options were exercised over 2,458,334 new shares, mostly by Usdan, so there are about 22.5 million outstanding. The options exercised were at 30 pence.
rose_by_another_name
17/5/2018
11:47
Hi Phillis - yes, it is all a bit opaque. If GFM switched to a more acceptable jursidiction, accounted for the minority interest in a standard way and we were able to see who the major shareholders are then i think the share price would be firmer. A dividend policy going forward might help too. Chances of that happening? pretty low IMO. However, GFM has been a stellar performer for those lucky enough to get on board in the last 12 months. When the options are vested, as they surely will be at an exercise price of 30p, i wonder whether they will be immediately sold. There are circa 20M outstanding options AFAIK, not 100% sure of all the exercise prices off-hand. If all 30p then it would generate £6M for GFM, enough to recoup up to 4M shares on the market at current prices, so a potential 9.5% dilution rather than over 12% Clarity is needed now that GFM are back to generating a lot of cash - time for the BoD to step up...the worry is that they step up to stick the snouts into the trough once more!
polaris
17/5/2018
09:30
I don't much care about dividends but agree that if say a policy of paying half the free cash in dividends was introduced it could be transformative for the share price but as someone who bought in last October, I am very happy with GFM.
mad foetus
17/5/2018
09:21
Your statement appeared to suggest that the company had paid only one dividend as in ' a single dividend in over a decade of making profit' In the period you are quoting the company did not make profits every year...... 'Due to this price decline and the Group remaining unhedged to both metals and currency, a decision was taken to suspend operations in the first quarter of 2009 to allow much needed maintenance and capital work to be undertaken with relatively little economic loss being incurred by the Group.' Latter quote is lifted unaltered from the annual report. You may or may not recognise that 'seeming to recall' is not the same as factual discussion.
bigbelter
17/5/2018
09:19
Without a dividend, the only way you can make money in your pocket with Griffin is by selling the shares. Like others, I am holding a big capital gain at the moment, but buyers will only come in when they see potential for more gain, so no one will buy near the perceived top. Lack of any other form of return is holding the share price down. Even those looking purely for capital gain would do better if there were a dividend.
rose_by_another_name
17/5/2018
06:00
Bigbelter, I stated that they have only paid one dividend in over a decade and 2007 would make me correct. As for the mine closure I seem to recall that was due to a tragic loss of life and subsequent investigations. GFM made considerably less money in 2007 so whilst stashing it all under their Bermuda mattresses I believe they should show a little willing.
up just a little bit
16/5/2018
23:05
Paul Think, as you do, they could do themselves some favours by removing themselves from Bermudan law (fundamentally dislike their website statement that they are not required by Bermudan law to disclose their major shareholders but as far as they're aware.......) and their strange minority interest policy. This is why to a certain extent I'd like them to have a dividend - to add some normal to a very strange set-up. I don't think the market will give them full credibility until they resolve some of these issues and that's without going into managerial service contracts.
podgyted
16/5/2018
22:33
Up just a little bit - you are factually incorrect - dividends were paid in June 2007 and June 2008 - and then the financial crisis hit with GFM shutting the mine for some time. Profit was still secured but at a much lower level - $7million - and GFM was nothing more than a start up venture at this time - not surprisingly dividend was then withheld. I think it understandable and not disgraceful.
bigbelter
Chat Pages: 1145  1144  1143  1142  1141  1140  1139  1138  1137  1136  1135  1134  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20180527 17:09:25