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GEMD Gem Diamonds Limited

8.60
-0.43 (-4.76%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gem Diamonds Limited LSE:GEMD London Ordinary Share VGG379591065 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.43 -4.76% 8.60 8.80 9.06 9.00 8.40 8.60 160,392 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 188.94M 10.18M 0.0737 1.22 12.42M
Gem Diamonds Limited is listed in the Misc Nonmtl Minrls, Ex Fuels sector of the London Stock Exchange with ticker GEMD. The last closing price for Gem Diamonds was 9.03p. Over the last year, Gem Diamonds shares have traded in a share price range of 8.40p to 28.20p.

Gem Diamonds currently has 138,032,000 shares in issue. The market capitalisation of Gem Diamonds is £12.42 million. Gem Diamonds has a price to earnings ratio (PE ratio) of 1.22.

Gem Diamonds Share Discussion Threads

Showing 1651 to 1672 of 3775 messages
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DateSubjectAuthorDiscuss
09/6/2016
11:26
Just makes sense.. has been deeply profitable over the last 6 years and yet strangely ignored when compared to it's less profitable peers.

Looks like the start of a re-rating.

Early days.

weemonkey
09/6/2016
10:34
Next stop 160p area over the next couple of weeks imo
ukgeorge
09/6/2016
08:19
Very few ways in which you can put $10 million dollars in your pocket. extraordinary diamonds are a must have asset class amongst the super rich.
undervaluedassets
09/6/2016
08:08
yes looking good now woop woop hoping pdl also follows
ukgeorge
08/6/2016
18:52
It heard you George! :-)
woodpeckers
06/6/2016
13:07
zzzzzzzzzzzzzzzzzzzz

come on gemd

ukgeorge
06/6/2016
08:40
Surprised you don't sound keen on Gem getting Mothae, weemonkey. It's a good mine and being so close to Letseng will mean great synergies.
woodpeckers
06/6/2016
08:16
I think making the most of current assets should be priority. Especially dissecting the kimberlite at Letseng with a scalpel to extract those extraordinary stones.

Never mind taking on new projects.

weemonkey
06/6/2016
07:09
Decision on Mothae due in two weeks. Wonder if anything will be said at the AGM tomorrow?
woodpeckers
01/6/2016
14:14
Sentiment shift here seems plausible. GEMD has been Profitable for last seven years (and grown profits over last 3) yet has been unloved value play in the sector.

What is clear from current events in the market is that the best diamonds are an asset class all of their own; And the news from Lucara shows the market for very best large stones is clearly very strong.

A "read-across" here from Lucara makes sense.

undervaluedassets
01/6/2016
12:15
If it does break 145 then will continue to cross it's 52 weeks high ?
p_dharmendra
01/6/2016
11:09
is it about to break higher ?

Come on GEM D

ukgeorge
27/5/2016
14:05
there was a nice spike in volume a couple of days ago 2M shares

chart looks good for a breakout

ukgeorge
27/5/2016
11:15
www.gemdiamonds.com/downloads/2016/presentation/investor-presentation-february-2016.pdf

The above report (esp Slide 16) would appear to counter the above editorial.

Another thing - Lucara success has to be good news for us as it shows the market for extraordinary stones (Letseng) is solid. The read-across is postive.

weemonkey
26/5/2016
08:40
hxxps://www.polishedprices.com/go/market-news/comment~6555

...." I could not help but wonder what my friends at Gem Diamonds must have thought about the sale of the 800 carat stone and upcoming sale of the 1100 carater.

To my understanding Lucara and Gem nearly tied the knot a couple of times but each time the stumbling block was the wise refusal of Lucara to take on board the useless directors of Gem.

Gem with its Letseng mine as previously the highest purveyor of exceptional diamonds is sitting very much down the pecking order now, in fact rather a second class citizen.

I have no doubt that if Gem had been running the Lucara mine the 800 and 1100 carat stones would have been smashed into many more shiny pieces, which is what they achieve so successfully at their Letseng mine.

It would be interesting to speculate the shareholder added value if Letseng was run by the management of Lucara, I don’t think the result would be at all surprising, except from being surprisingly good."

clinton baptiste
25/5/2016
07:43
From yesterday's newspaper:-
Diamond company De Beers gave Anglo American a welcome boost. Shares in the trouble miner gained 2.4 per cent to 612.8p after De Beers, in which it has large majority stake, said it was “encouraged221; by stable demand for rough diamonds.

alan@bj
20/5/2016
15:26
Given that this company has been much more profitable than PDL over recent years there is an unrecognised opportunity here. .

Or at the very least a substantive mispricing given respective valuations.

weemonkey
18/5/2016
19:23
Then presumably they have learnt their lesson and don't intend to miss the Mothae opportunity.
woodpeckers
18/5/2016
07:43
I don't think you're missing anything Resourceful.
To cap it all, rumour has it that GEMD was offered Karowe before Lucara bought it for a song!

clinton baptiste
18/5/2016
07:09
what am i missing
letseng dependent on the rare big stone
ghagoo a mess and unviable
depleting cash
where is the upside
why would lucara or petra take it

resourceful
17/5/2016
12:09
Read share price Angel's note on GEM DIAMONDS LTD (GEMD), out this morning, by visiting hxxps://www.research-tree.com/company/VGG379591065

"Gem Diamonds reports “A strong start to the year with production in line with plan”. Production from the 70% owned Letseng mine in Lesotho of 28,698 carats during the quarter ending 31st March 2016 is 28% higher than the March 2015 quarter and only 1% below the preceding Q4 2015 output of 29,100 carats. The higher output compared to Q! 2015 was a combination of a 14% increase in the tonnage treated (1.625m tonnes) and a 12% increase in grade to 1.77 carats per hundred tonnes (cpht)... Gem Diamonds is on track at its Letseng mine and with the downsizing of it Botswana operation at Ghaghoo. The company reports a cautious stance on the diamond market as a result of high inventory levels, weak Chinese retail demand and the strength of the SU$..."

thomasthetank1
17/5/2016
09:42
SP Angel summary

Company News
Gem Diamonds (GEMD LN) 135.75 pence, Mkt Cap £187.7m – Q1 Production in line with plan; cautious view on the diamond market
• Gem Diamonds reports “A strong start to the year with production in line with plan”. Production from the 70% owned Letseng mine in Lesotho of 28,698 carats during the quarter ending 31st March 2016 is 28% higher than the March 2015 quarter and only 1% below the preceding Q4 2015 output of 29,100 carats.
• The higher output compared to Q! 2015 was a combination of a 14% increase in the tonnage treated (1.625m tonnes) and a 12% increase in grade to 1.77 carats per hundred tonnes (cpht).
• Prices received over the first three tenders of Letseng diamonds averaged US$1938 per carat for the 45,311 carats sold compared to an average price of US$2157 per carat for the 35,940 carats sold in the first three tenders of 2015.
• Lower production at the Ghaghoo mine in Botswana (11,029 carats vs 11,559 carats in Q1 2015 and 25,294 carats in Q4 2015) reflects the decision to downsize operations to the 300,000 tpa level for 2016. “Although Ghaghoo will operate at a reduced production rate during 2016, prices for the Ghaghoo production will continue to be monitored and the option of returning to full production regularly reviewed.”
• Sales for Ghaghoo amounted to US$160/ carat for the 14,114 carats sold during the quarter. The price is “some 7 percent above the previous price achieved in December 2015.”
• Commenting on the state of the diamond market, the company highlights the “continued slowdown in Chinese retail demand, a strong US dollar and reports of continued high levels of polished inventory” as reasons for continuing caution in the purchasing of rough and polished diamonds.
• Excluding the receipts from the third diamond tender, Gem Diamonds reports that it held US$60.6m in cash at the end of the quarter.
Conclusion: Gem Diamonds is on track at its Letseng mine and with the downsizing of it Botswana operation at Ghaghoo. The company reports a cautious stance on the diamond market as a result of high inventory levels, weak Chinese retail demand and the strength of the SU$.

ukgeorge
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