Share Name Share Symbol Market Type Share ISIN Share Description
African Diamonds LSE:AFD London Ordinary Share GB0033110999 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 39.50p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.1 -1.4 - 39.71

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Date Time Title Posts
13/4/201201:45African diamonds14,391
29/11/201023:33African Diamonds set to sparkle on AIM tomorrow ?260
01/10/201009:28African Diamonds To 200P And Beyond19,480
14/5/201014:02is tfhyla a knob cheese??102
30/4/201008:57African Diamonds - The Stock of 200441,479

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African Diamonds Daily Update: African Diamonds is listed in the Mining sector of the London Stock Exchange with ticker AFD. The last closing price for African Diamonds was 39.50p.
African Diamonds has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 100,532,266 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of African Diamonds is £39,710,245.07.
holkham: Is the deal sewn up? The Acquisition will be carried out by way of an English court-approved Scheme of Arrangement under which AFD shareholders will receive 0.8 of a Lucara share and 1 share in NewCo for each AFD share. NewCo, to be listed on the AIM Market of the London Stock Exchange, will own all of AFD's exploration assets outside of its interest in the AK6 project and Gondwana Diamonds (Pty) Ltd. The Acquisition will require the approval of at least 75% of AFD's shareholders by value of shares held present and voting at a general meeting and the approval of a majority in number representing 75% in value of the class of members present and voting at a meeting convened by the High Court of England and Wales, both of which are expected to take place before the end of 2010. The transaction also requires the sanction of the English courts and is subject to applicable regulatory approvals, including approval of the TSX Venture Exchange, AIM, and the satisfaction of certain closing conditions customary in transactions of this nature. Also, in accordance with the terms of AFD's stock option plan, Lucara will make a contractual offer to each of AFD's optionholders to acquire their options to subscribe for shares in AFD. In return, Lucara will issue options to the optionholders to subscribe for the appropriate number of shares in Lucara based on the exchange ratio for the Acquisition. The Acquisition has been unanimously approved by the boards of Lucara and AFD. All directors and senior officers of AFD have entered into voting agreements with Lucara under which they agree to vote in favour of the Acquisition and take other action in support of the Acquisition. Two major shareholders (Investec and JP Morgan Chase) have entered into irrevocable undertakings to vote in favour of the transaction. Subject to Lucara's right to match. The board of AFD may terminate the Acquisition in favour of an unsolicited superior proposal upon payment of a US$1 million break fee to Lucara.
rainfall: Stmnt re Share Price Movement TIDMAFD RNS Number : 0220R African Diamonds PLC 13 August 2010 13 August 2010 African Diamonds plc ("African Diamonds" or the "Company") Statement re Share Price Movement African Diamonds advises that it has received an unsolicited proposal regarding a potential offer to acquire the entire issued and to be issued share capital of the Company. The Board of African Diamonds does not consider the proposal as currently constituted to be one it would recommend to shareholders and there can be no certainty that an offer will be made for African Diamonds or as to the terms on which any such offer would be made. African Diamonds also advises that, further to the announcement dated 29 June 2010, it continues to progress financing options regarding the development of AK6 and is in discussion with a potential investor to provide additional financial facilities to the Company. Further announcements will be made if and when appropriate. African Diamonds is centrally managed and controlled outside of the United Kingdom, Channel Islands and Isle of Man and is not subject to the City Code on Takeovers and Mergers. For further information please contact: African Diamonds Plc John Teeling Tel: +353 1 833 2833 James AH Campbell Tel: +27 83 457 3724 finnCap Matthew Robinson, Corporate Finance Tel: +44 207 600 1658 Henrik Persson College Hill Nick Elwes Tel: +44 207 457 2020 This information is provided by RNS The company news service from the London Stock Exchange END SPMEAXPAFFLEEFF African Diamonds (LSE:AFD) Historical Stock Chart 1 Year : August 2009 to August 2010 African Diamonds (LSE:AFD) Intraday Stock Chart Today : Monday 23 August 2010
arf dysg: Liquid Millionaire, The buyer could pay much more than the placing price (40p) because the buyer wants the cashflow from a rich diamond mine with lots of type IIs!!! The placing price was a result of institutions playing hardball when AFD really needed the money. Now it's different. AFD doesn't need anything at the moment. AFD can just sit and wait if it feels like it. It's the potential buyer who wants the mine, so it's the potential buyer who's over a barrel. The potential buyer is also in competition with whoever else is a potential buyer. As for KDD, look at the price action before the recent offer of a "takeover", nothing to shout about. Now look at the AFD price action. Whatever is happening here is totally unlike what happened at KDD.
arf dysg: There is a theory of efficient markets which says that even if you're on the board of directors, even if you know everything that is knowable, you still won't be able to predict the share price. The efficient-market hypothesis has several forms: Weak form - past history of share prices is unable to predict future share prices. Medium strong form - all publicly-available information is unable to predict future share prices. Strong form - all public and private information (including insider information) is unable to predict share prices. Many people have believed some, all or none of the above forms of the theory, with varying degrees of success in their investments. One thing in favour of the efficient-market theory is that predicting prices is difficult in practice. One thing against the efficient-market theory is that share prices are so jumpy. If the market was efficient, share prices would move smoothly and we'd all get 8% growth per annum no matter what we invested in.
mightymonty: The funny thing about it is that if AFD went to 50p tomorrow, PI's would come out in their droves to buy it. Yet they aren't agressively buying it at 40p today..This is because most PI's are sheep, which is why they generally miss out on the big gains...When the MM's have accumulated enough stock at 40p, then the AFD share price will move higher and the laggard PI's that want to buy will be obliged by the MM's!! ALL IMHO
mightymonty: wonder if the AFD share price will have a sudden move higher like the one LUC's had?
mightymonty: I dont have a link for the fincap report to post but the report is positive. Basically, it says that a 12 month price target of 88p is sensible, it says that lucara are a safe pair of hands re: AK6 mine development and it says the feasibilty study due in late May may well cause an upwards re-rating of the shares. As the AFD broker, I'm sure Fincap are mindful of not being overly bullish re: AFD, so they may have taken a conservative valuation approach etc. Frankly, I'm amazed that people think a report which says there is more than 100% upside to the current AFD share price is not a bullish report!!
teemore: It is unusual what Deb personnel have done but not the first time I guess- talk to some of the Canadian juniors that they have been involved with!!!. Lud if a director decides to sell to a specific party at a specific price (even below another offer price from someone else)there is nothing you or AFD can do, except what the have done (going public). And, the price will be shown by mm's. I could sell my own shares in the morning and buy them back at a higher price (if I was silly enough) and there is nothing anyone could do and the trades would show at transaction price. Afd share price would have risen substantially if someone somewhere had not been selling a tranche. Going public has raised the temp somewhat and put some people in the spotlight- the glare may be difficult to cope with!!!
arf dysg: I had a dream last night about looking at the AFD share price, and a few seconds before close of business it soared upwards, by some astonishing factor like a hundred. If that was a prophecy I'm going to pay off the mortgage next week, even at my pitiful level of ownership of AFD.
arf dysg: pat mustard irl, did you know that your initials PMI actually stand for "pre-menstrual irritation" ? Anyway, the only one round here who's sore is you because the AFD share price is going up.
African Diamonds share price data is direct from the London Stock Exchange
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