ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

GEMD Gem Diamonds Limited

8.32
0.00 (0.00%)
Last Updated: 08:22:02
Delayed by 15 minutes
Gem Diamonds Investors - GEMD

Gem Diamonds Investors - GEMD

Share Name Share Symbol Market Stock Type
Gem Diamonds Limited GEMD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 8.32 08:22:02
Open Price Low Price High Price Close Price Previous Close
8.32
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 26/4/2024 14:59 by dcroston
MTT,

Nothing very surprising in the Q1 results. Company look on course for a nice recovery dependant on usual constraints. Large gemstones which make up 80% of sales still being recovered with a large stone still to be sold. If you listened to the last investor webcast you'll know there is a potential game changer in the offing. STRONG BUY.
Posted at 26/4/2024 14:09 by mindthestash
Market cap now £12m from 8p a share.

5 large stones last quarter sold for £18m.

Just goes to show what can happen when investors simply can not trust the directors.
Posted at 18/3/2023 17:13 by davethehorse
Another interesting angle for the diamond market...https://cryptonews.com/news/tokenized-diamond-market-booms-amid-crypto-banking-crisis-as-investors-seek-hard-assets-heres-what-you-need-know.htm
Posted at 16/3/2023 14:55 by davethehorse
It's on the investor presentations section of their website, you need to login to view/listen.
Posted at 16/3/2023 14:22 by mindthestash
Well - looks like just us two DaveTH
Investor presentation was also a car crash. dropped even further.
i was out and about this morning so i'll watch it this afternoon if I can find it on their website.
Posted at 16/3/2023 09:41 by davethehorse
Buys coming in now during the investor presentation...
Posted at 04/3/2023 09:34 by davethehorse
GEMD is a very closely held share with not a huge free float, approx 70% in the hands of institutional investors, directors or GEMD treasury. I would imagine the institutions will push for the divi to be maintained if the board belive its prudent and affordable. As I mentioned, they are due some large stone finds soon which would help with the cash balance. Either way, at 30p, they look of interest at this level, with diamond prices looking to have stabilised and likely to strengthen this year with China opening up. GL.
Posted at 19/8/2022 16:08 by napoleon 14th
Small Caps Live Weekly Summary
GEMD ZYT CAPD ANG JOUL MYSL WYN SMRT
Mark Simpson and LeoInvestorUK Aug 19

Gem Diamonds (GEMD.L) - H1 2022 Trading Update
A Strong Q2 leads to good results for H1:

57 075 carats were sold during the Period (H2 2021: 54 573 carats), generating revenue of US$99.6 million (H2 2021: US$97.3 million) and achieving an average price of US$1 745 per carat (H2 2021: US$1 783 per carat).

But there’s a profit warning for H2 in the form of costs 15-20% higher for the full year than previous guidance, due to rains plus supply chain disruptions. The company leave investors to work out the impact for themselves but it surely won’t be pretty.

They’ve cut capex in response, but this gives a mixed message, either it’s needed and simply delayed because they can’t afford it or was not really needed, in which case, why plan to do it at all? Neither is good news.

The share price dropped only 15% in response which looks like a lucky escape here for holders, particularly given that the share price had been strong recently so lots of positive expectations presumably built in. It is also possible that shareholders haven’t yet calculated what the impact of the higher costs will be and will get a nasty surprise later in the year.
Posted at 04/8/2022 17:16 by padooki
Just an update to my post on 5th July. I contacted GEMD investor relations to query the June dividend payment. They got back to me today agreeing that it was short due to an admin error. They paid 1.95021p per share when it should have been 2.13921p based on Jun 1st exchange rates. Expecting a payment into my IG account tomorrow. Not a huge amount of money difference, but money that should be with investors nonetheless. So brownie points for investor relations. Black mark against IG who clearly couldn't be asked with my query.
Posted at 30/3/2022 17:21 by pastybap
To be fair most of the comments on Twitter are from shrewd investors. I bought in a couple of days ago after a bit of independent research.

Your Recent History

Delayed Upgrade Clock