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 Shares Traded Last Trade
  -3.50p -3.57% 94.50p 214,395 16:24:18
Bid Price Offer Price High Price Low Price Open Price
93.00p 96.00p 98.00p 94.50p 98.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 93.77 45.07 18.24 5.0 163.2

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Date Time Title Posts
19/9/201821:38GRIFFIN Mining - Chinese Zinc & Gold (Moderated)29,207
14/8/201822:30Chinese dragon and Sageman 2
20/3/201509:14Griffin Mining: Charts & News etc.152

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Griffin Mining Daily Update: Griffin Mining is listed in the Mining sector of the London Stock Exchange with ticker GFM. The last closing price for Griffin Mining was 98p.
Griffin Mining has a 4 week average price of 94.50p and a 12 week average price of 94.50p.
The 1 year high share price is 162.50p while the 1 year low share price is currently 60.25p.
There are currently 172,748,728 shares in issue and the average daily traded volume is 360,393 shares. The market capitalisation of Griffin Mining is £163,247,547.96.
kenmitch: Up just a little bit. Of course not! I love dividend paying shares and have a lot in my portfolio. AS for buybacks there is detailed research on them (e.g from Morgan Stanley) that shows they are often (but not always) ineffective. Often their share prices go on to do worse than others in their sector that did not buy back. The key mistake made by many companies is to ignore the share price when they buy back. Buybacks are likely to be most effective when the Company thinks the share price is too cheap. But many companies buyback when markets and their own share prices are very high. e.g right now US companies are buying back like never before thanks to Trump tax policy. They are spending over $! TRILLION on them this year with APPLE alone spending £100 BILLION. And this with US market at record highs. The last time US companies bought back so much was in 2007 just ahead of the big market crash in 2008. It all needs far more consideration of the FACTS and then the plus and minus case instead of the assumption here that a dividend and or a buyback is what is needed to get the share price up. i.e start widening your research and knowledge beyond a poor quality bulletin board.
kenmitch: Brief replies. 1. Sympathy with all who have lost lifetime partners. Only those of us with that awful experience know what it's like. Kindness helps a bit but the opposite really is despicable. 2. Re if Griffin bought back and announced or paid a dividend presumably that WOULD give the share price a lift? More often than not, NO. e.g MAN bought back heavily and paid a big dividend. Share price fell relentlessly while they were buying back and was more than 50% lower when buybacks completed than when they started! There are loads of similar examples. Also if buybacks really were to = rising share, price all we would have to do to win would be to buy shares that are buying back. If we want the share prices of companies we invest in to go up it needs good news/good results/higher commodity prices etc well ahead of artificial help. 3. BO DOODAK. Don't remember you! I've forgotten about Chromex warrants. Did they do well? THE best ever on Mike's site were Geiger Counter sub shares (same as a warrant but can go in to ISAs if called subscription shares). They went up 59 times for a very useful gain. Share only 10 bagged. 4. Re disappointing Stockopedia shares with high rankings. These rankings are historic and based on latest Griffin/Company figures. So for example they don't take in to account current negative news like the falling price of zinc. It is essential to use these figures in conjunction with other news. Also Stocko figures show that high ranked shares way outperform low ranked shares. So they should. BUT there are always exceptions especially so early stage shares with very low ratings and where hope is the key attraction. They can go on to multi bag despite the low rankings. There is masses of information to learn to use on Stockopedia and the daily small company update from Paul Scott or Graham Neary is a must read. It's free and anyone can get it daily. Their updates are read by professional investors including fund managers, who (unlike stupid me!) are not going to waste their time reading the endless nonsense being posted here, and on ADVFN bbs that are far worse than this one. So if people want to invest successfully and are not currently achieving that, then it is essential to spend the time using quality information and not nonsense spouted by ill informed bb posters. Back to lurking... to the great relief of the ill informed who seem to dominate here!
kenmitch: Agree neville1940 and commiserations to you too. It must be awful and the emptiness hard to bear, and the nastiness from some here is indeed despicable. People use the anonymity of a bb to behave in a way they surely wouldn’t face to face? Sadly it’s happening more and more these days. This used to be a useful bb for info on Griffin, but after today I won’t bother reading it. The falling Griffin share price is in line with many others in the sector, and nothing to do with no dividend. E.g Central Asia Metals report on Wednesday. They pay a very big dividend yet their share price has fallen heavily.
millwallfan: Hi Sage et al. I never spent extensive time on detailed number crunching here but have long held the view that a number of factors had held this share price at a ridiculously low p/e. Debt being one has now been removed , in fact almost a year ago now - hence when zinc price rose steadily and sentiment in that factor changed we saw a real spike in share price Zinc now in free fall means previous negativity has returned and combined with the continued negative views held by many of operating in China,the poor Comm's from the BoD, and of course the recent disappointing results and no dividend, have all aggregated imho, to return us to days of old. Personally, I am in a continue to hold mode, as I do believe the fundamentals are strong and as you have stated many times the price of zinc is key and cyclical. Increased production from the new licence can only be positive as long as mining and processing costs never exceed sale value. I fully accept I have missed the boat for now with GFM to fulfil my previous honest comments that I intend to exit from all of my shareholdings over the next year or two. My target here is £1.75 to £2 and happy to wait - but not too long !!
guitarsolo: Well, I think those of us that have been in GFM from lower, much lower and much much lower prices must have spotted something at the time to have made a good decision! My initial interest was peaked by the declining Zn stocks and rising prices. That has slightly reversed in the last few months which is possibly behind the recent share price weakness. However, in my opinion that should be counter-balanced by the fact that GFM is debt free, should have stockpiled the cash it needs for Zone 2 extension, and therefore SHOULD be in a position to announce a dividend now. Even at these "reduced" zinc prices (now falling below $3000 for the first time in 10 months) the company should be making oodles of cash with nothing else to spend it on other than its shareholders! Yes please, hint hint! Added to that there is a bit more M&A in the mining business as the bigger boys look to use cheap debt to buy up highly profitable smaller mining businesses. GFM fits that bill alright and with a share price that possibly doesn't reflect fair value (nearer 175p imo) there may be a few people taking note. In this regard, the company's extended silences in between updates doesn't help. We could really do with a "heads up" RNS about the H1 results (even it is just to say they are in line with expectations of a debt free mining company). I compare this to another miner I have an investment in, Savannah Resources (SAV), which has far more frequent updates. It's a completely different kettle of fish being a three-project explorer rather than a miner, but there are far more frequent updates from the CEO. UKGeorge, do I recognise you from there as well? Guitarsolo - strumming away waiting for Roger G to give us an update from Bermuda.
mikesnr2: 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%
bunlop: GFM share price on the move up again. However reported volume so far at 131438 is very low. Zinc also making new highs.
bunlop: Zinc price on a run up. GFM share price is starting to move up today. Hope it is not more MM games.
happywanderer: Can anybody tell me where I can find or how to produce an overlay of GFM share price on Zinc price.
bunlop: Lots of zinc will go into the Wall. LME zinc stocks seem to be falling at a faster pace now. Hope every day now for a sharp move up in GFM share price through the 55p resistance but I do question if the licence will ever be forthcoming!
Griffin Mining share price data is direct from the London Stock Exchange
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