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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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/ 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.polished ...." 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 “encouraged | 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 "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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