Greatland Gold share price falters despite ‘outstanding results’

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Greatland Gold share price falters despite ‘outstanding results’

Greatland Gold shares dipped on Friday morning just a day after the gold explorer said it has received ‘outstanding results’ from their flagship Havieron project.

The latest results comprised of 22 new drill holes from the Infill and Growth Drilling programmes, in addition to 11 holes previously reported.

Greatland Gold said significant mineralisation was reported in 18 of the new holes.

The Havieron joint venture with Newcrest has now completed a total of 210,629 of drilling from 254 holes. All the latest completed holes at the world class asset continuing to intersect mineralisation, and all but one reporting significant presence of gold.

HAD117W6 returned 120.4m @ 10g/t Au & 0.66% Cu from 764.6m. This is the best gram metre intercept drilled to date at Havieron.

Despite the positive news from the company, the Greatland Gold share price continued to slip on Friday, trading as low as 17.2p on Friday morning. Greatland Gold shares have consistently made lower highs through 2021, even as investors digest upbeat Havieron results.

Shaun Day, Chief Executive Officer of Greatland Gold plc, commented on the results:

“The volume and quality of results at Havieron continue to impress as we observe increases in both grade and thickness at depth.  This supports continuity of the high grade zonations and potential upgrades to the mineralisation. It speaks volumes for the tremendous quality of Havieron that after reaching a milestone of 200,000 metres of drilling, the best gram metre intercept ever drilled was just delivered, located at the high grade South East Crescent Zone. 

“The results of the 90,000 metres Growth Drilling programme continue to extend mineralisation across multiple zones across Havieron. These outstanding results expand the high-grade South East Crescent Zone and add further scale to the Havieron deposit in multiple directions including within the Northern Breccia and in the Eastern Breccia.” 

“The ongoing success from each set of drill results confirm Havieron as a world class gold-copper project and its potential to expand further in scale. The Pre-feasibility study highlighted the low capex, low risk approach to developing Havieron, which puts this asset in a class of its own as we progress it forward and add further upside to its future economic outcomes.” 

The Greatland Gold share price is down 53% year-to-date and has remained stubbornly beneath the 200-day moving average.

Amazon profits squeezed by higher costs and revenue miss

UK Investor Magazine
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Amazon profits squeezed by higher costs and revenue miss

Amazon’s operating profiting fell in the third quarter and missed analysts estimates.

Amazon record operating profit of just $4.9 billion, well behind analyst estimates of $5.5 billion and 21% decline on profits for the same period last year.

The lower than expected profits was a combination of revenue of $110.8 billion that missed estimates and a significant jump in marketing costs. Total operating costs 17.8% compared to last year.

Shares in the world’s largest online retailer fell by somme 4% in premarket trading.

Guiding on activity in the fourth quarter, Amazon said they expected revenue to be between $130 billion and $140 billion.

“While staying consistently in the black, Amazon has never been overly focussed on the bottom line. That willingness to invest in what the group hopes will be long term success at the expense of short term profits is on display again in these results,” said Nicholas Hyett, Equity Analyst at Hargreaves Lansdown.

“Marketing expenses have risen nearly 50% year-on-year, and a whole host of other costs are also outpacing revenue growth as the group ramps up its capacity to meet increased customer demand and expectations. However, even in a company with Amazon’s track record, a sudden, unexpected reverse in margins can make investors jumpy.”

“We’re happy to give newly installed CEO Andy Jassy the benefit of the doubt for now. The group has a sizeable cash pile on hand to fund investment and newer products are still showing very steady growth. The relatively new advertising proposition grew something like 50% year-on-year. We also take comfort from the fact AWS is already showing rapid and profitable growth following investment earlier in the pandemic.”

The landmarks which could increase your house price the most

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The landmarks which could increase your house price the most

A recent study by estate agent search engine GetAgent has revealed the UK’s landmarks adding the most value to housing in the area.

The study looked at 50 top attractions are analysed those that increased, or decreased, the value housing in close proximity when compared to the wider area.

GetAgent collected data on the average price of property sold over the past year from the surrounding area from Rightmove to compile the below Top 10 lists.

Top 10 attractions that will increase the value of your home


Attraction		Town/cityAverage property price (near attraction)Average property price (wider area)DifferenceDifference (%)
1Natural History MuseumLondon£3,406,125£2,195,805£1,210,32036%
2Royal Botanic GardensLondon£919,693£445,319£474,374107%
3The Needles£620,000£395,032£224,96857%
4Loch NessInverness£416,400£205,627£210,773103%
5The Smallest House in Great BritainConwy£500,000£301,182£198,81866%
6The Bombay Sapphire DistilleryWhitchurch£400,000£220,626£179,37481%
7Albert DocksLiverpool£373,600£199,004£174,59688%
8Eden ProjectBodelva£505,000£331,642£173,35852%
9Warwick CastleWarwick£450,000£333,000£117,00035%
10Tintern AbbeyTintern£470,250£369,102£101,14827%

Top 10 attractions that will decrease the value of your home


Attraction		Town/cityAverage property price (near attraction)Average property price (wider area)DifferenceDifference (%)
1St Paul’s CathedralLondon£510,000£855,856-£345,856-40%
2Windsor CastleWindsor£400,000£591,189-£191,189-32%
3Royal Observatory GreenwichLondon£427,000£595,662-£168,662-28%
4Shakespeare’s BirthplaceStratford-upon-Avon£247,500£413,396-£165,896-40%
5Hampton Court PalaceLondon£507,286£656,921-£149,635-23%
6Scott MonumentEdinburgh£194,000£309,615-£115,615-37%
7Big Pit National Coal MuseumBlaenavon£103,200£194,236-£91,036-47%
8York MinsterYork£218,200£305,347-£87,147-29%
9Caernarfon CastleCaernarfon£94,500£180,404-£85,904-48%
10Aerospace BristolBristol£301,271£380,252-£78,981-21%

It is no surprise that London landmark featured heavily in the top 10 landmarks that increase the value of your home with the Natural History Museum in Kensington adding £1 million to the value.

St Pauls has been identified as the landmark causing the biggest loss to the houses in the immediate area, but given St Pauls is located in the heart of the City where housing is scarce, the differences are likely muddied by a low data set.

Glencore full-year earnings to surpass $3.2bn

Safiya Bashir
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Glencore full-year earnings to surpass $3.2bn

In their third-quarter update, Glencore lifted its full-year adjusted earnings forecast.

The group said it is now set to meet full-year earnings of $3.2bn as global energy markets rebalance.

Commenting on the results, chief executive Gary Nagle said: “The asset base has largely performed in line with our expectations and our full year production guidance remains unchanged.’

“Notably, as energy markets have improved, we are recovering from the market-driven production cuts initiated within our Australian coal portfolio in H2 2020.

“Basis Marketing’s continued strong performance, we now expect full year 2021 Adjusted EBIT to exceed the top end of our $2.2bn to $3.2bn per annum long-term guidance range.”

Shares were down 0.8% in early trading.

Natwest profits triple despite £300m legal costs, shares fall on margin woes

Safiya Bashir
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Natwest profits triple despite £300m legal costs, shares fall on margin woes

Natwest has put aside £300m in legal fees following their money-laundering scandal but still managed to triple profits from a year ago.

The Financial Conduct Authority found that Natwest had failed to monitor money-laundering activities taking place in the bank. Natwest revealed the legal costs when announcing third quarter results.

Natwest recorded operating profit of £1.07 billion in the third quarter, compared to £355 million in the same period a year ago.

“It will be little consolation to chief executive Alison Rose but the fact that investors can find a £1 billion quarterly profit disappointing shows how far NatWest has come in its turnaround plan,” said AJ Bell investment director Russ Mould.

“This is only the seventh quarter in the last five years when the bank has earned at least £1 billion, its balance sheet looks strong relative to regulatory requirements and NatWest felt able to reverse another £242 million of the loan loss provisions on its books as borrowers emerge from the pandemic and lockdowns in better shape than anticipated last year.

The bank posted strong results and tripled pre-tax profits, jumping from £355m to £1.1bn in the three months to September.

“Although we are seeing challenges in the economy and for our customers – especially around supply chains and the cost of living – a number of key indicators remain positive; growth is good, unemployment is low and there are limited signs of default across our book,” said Alison Rose, chief executive of NatWest.

“We have a vital role to play in helping the 19 million people, families and businesses we serve in communities throughout the UK to thrive. Because when they thrive, so do we.”

Facebook changes name in rebrand

Safiya Bashir
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Facebook changes name in rebrand

In a major rebrand, Facebook has changed its name to Meta.

The name change will not apply to individual platforms but will be for the parent company, as it broadens into virtual reality (VR).

“Over time, I hope that we are seen as a metaverse company and I want to anchor our work and our identity on what we’re building towards,” said Mark Zuckerberg in a conference.

“We’re now looking at and reporting on our business as two different segments, one for our family of apps, and one for our work on future platforms.

“And as part of this, it is time for us to adopt a new company brand to encompass everything that we do, to reflect who we are and what we hope to build.”

The new headquarters will be in Menlo Park, California and the Facebook logo will change from the thumbs up to an infinity sign.

Synectics, what’s going on here, then?

UK Investor Magazine
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Synectics, what’s going on here, then?

Synectics (AIM: SNX) hello, hello , hello today’s police contract  is evidence that the  recovery  momentum is being maintained. The Interims to May reported a substantial reduction in Loss Before Tax to £0.8m (£2m) with revenue moderately lower at £22m from £23m.The first phase of the new  project is  worth more than £1.5m for West Midlands Police to equip its new Event Control Suite with a comprehensive video management solution ahead of the Commonwealth Games.
The solution, based on Synectics' Synergy command and control software platform,  which will eventuall...

Lloyds profit rises on mortgage activity and provisions reversals

UK Investor Magazine
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Lloyds profit rises on mortgage activity and provisions reversals
  • Lloyds Statutory profit before tax £5.9 billion in first nine months 2021
  • Lloyds Statutory profit before tax £2.0 billion in third quarter
  • Customer deposits of £479.1 billion, +£28.4 billion
  • Pandemic provisions reversed by £740m in 2021

Lloyds provided investors with a welcome update on Thursday as the group released third quarter results that beat analyst estimates.

Lloyds reported statutory profit before tax of £5.9 billion in first nine months 2021, up from £2 billion in the same period last year.

Lloyds shares rose 1% in early trade on Thursday.

Lloyds attributed the jump in profit to higher mortgage activity and the reversal of provisions to cover bad debt during the pandemic.

The strength of the UK economy meant Lloyds has reversed £740m of debt provisions so far in 2021 which has helped the bank’s profitability dramatically, when compared to last year.

The banking group’s Mortgage Loan Book rose by £15 million highlighting Lloyds’ strength in the UK’s home loan market.

“Lloyds is following the path trodden by other banks. A better-than-expected economic outcome from the pandemic means money that was put aside for debt defaults can now be released, plumping up profits in the process. Put that together with the fact mortgage lending remains elevated, and Lloyds is sitting pretty,” said Sophie Lund-Yates, equity analyst at Hargreaves Lansdown.

Highlighting the removal of government scheme that supported the housing market throughout the pandemic, Lund-Yates believes mortgage activity will be robust in the coming periods.

“Despite the removal of some helpful tailwinds, there’s reason to expect mortgage activity will remain buoyant as Lloyds heads into the final quarter. A longer-term question is the future of Lloyds’ position as the UK’s largest bank branch network. Habits have changed since the pandemic, and the days of the bank branch could be numbered, especially as digital banking is so much more cost effective for the banks themselves.”

“Positive trends are coming through in Lloyds’ net interest margin, which looks at the difference between what the bank charges on loans and pays on deposits. With thoughts that interest rates could budge upwards in the not-too-distant future, the banking giant could be looking forward to a meaningful boost on that front.”

Foxtons revenues boosted by strong housing sales

Safiya Bashir
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Foxtons revenues boosted by strong housing sales

Foxtons has reported strong results for the third quarter.

Strong activity in the Uk housing market helped boost Foxton’s revenues by 114% to £38.3m. This is compared to the £17.9m revenues in the same period a year earlier and the £23.8m in 2019.

“As a result of the Covid-19 lockdowns in 2020 and the early part of 2021, the lettings market in London
started the third quarter with an excess supply of listings and with rents in the first half of the year down
9% on pre-pandemic levels. This trend has largely reversed during the quarter, with lettings listings now at
historically low levels and rents having returned to pre-pandemic levels in August and September,” said the group in their trading statement.

Commenting on the latest results, the chief executive Nic Budden, said: “Foxtons has traded well during the first nine months of the year. In the third quarter we helped record numbers of tenants find suitable properties as many returned to pre-pandemic work or study arrangements.

“The sales business has had a strong year reflecting market share growth, increasing prices and transaction volumes which have been at their highest levels since 2016. We have good momentum going into the fourth quarter, with rents back to 2019 levels and an under offer sales pipeline that is significantly ahead of 2019 levels.”

Shell posts fall in profits

Safiya Bashir
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Shell posts fall in profits

Shell has posted a fall in profits in the third quarter.

The oil giant’s profits fell 25% quarter-on-quarter to $4.1bn, which was below analyst expectations.

“Normally one shouldn’t get too hung up over a mere three months’ trading, but this was meant to be Shell’s big quarter, given the surge in oil and gas prices in the past few months. Sadly, it has missed earnings forecasts and left investors feeling frustrated,” says Russ Mould, investment director at AJ Bell.

Whilst some analysts focused on the headline earnings miss, others focused in on Shell’s cash flow that plays a significant part in the group’s distributions to shareholders.

“These are a muddy set of results from Shell. The rapid swings we’ve seen in oil & gas prices over the last 18 months mean the group has had to take a large writedown in the value of the derivatives it took to out hedge itself against a further price fall. These have officially pushed the group into a loss for the quarter. However, the underlying numbers, and particularly the all-important cash flow numbers, are looking far more upbeat,” said Nicholas Hyett, Equity Analyst at Hargreaves Lansdown.

Climate Targets

Shell has also set new climate targets for itself. Whilst the group has already pledged to become net-zero by the year 2050, the group has also said that it will cut 2016 levels of emissions from operations and electricity it uses by 50% by the year 2030.

Earlier this year, the Dutch Court ruled Shell to reduce its worldwide carbon emissions by 45% by the end of 2030. The ruling aimed at bringing the company in line with the Paris Agreement, is the first of its kind in history.

“The court orders Royal Dutch Shell … to reduce its CO2 output and those of its suppliers and buyers by the end of 2030 by a net of 45% based on 2019 levels. Royal Dutch Shell has to implement this decision at once.”

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