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Gem Diamonds Di Share Price - GEMD

Share Name Share Symbol Market Type Share ISIN Share Description
Gem Diamonds Di LSE:GEMD London Ordinary Share VGG379591065 ORD USD0.01 (DI)
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +4.00 +4.17% 100.00 100.00 100.75 101.00 100.00 100.00 41,758 15:03:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Mining 173.9 59.7 15.4 6.3 138.30

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Date Time Title Posts
23/11/201513:00Diamonds are forever976
31/1/201307:22Gem Diamonds - Southern African gem476

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undervaluedassets: I fully expect the IMS to be pretty horrid... Partly cos every statement coming out of South africa from every miner has been iffy lately and partly cos of China.. Because of China the pricing environment for rough diamonds is awful and the company will be pulling in It's horns even more than when they last announced and spreading capex over a longer time frame. Long term that changes nothing. This company is all about a well run unique mine (Letseng) whose future is assured due to its peerless stones. Ellendale is another matter and (I would guess - from the noises the company has been making) will close soon. But this is about the long term and long term this is about Letseng. Project Kholo will double production in future years and that will be transformational. Lansdowne partners agree and after continuous accumulation over many years now hold 13% of the Equity.(see RNS's). Investors can either take the short term view and sell (probably to Lansdowne who love buying cheap stock off silly PI's) Or take the long and hold for the turnaround in the market for rough stones (which always comes - see long term diamond graph below) and get rich. http://www.ajediam.com/investing_diamonds_investment.html The current GEMD share price is a nonsense that has the company priced for bust! This is simply wrong. There will never be another Letseng. It is the unique Jewellery box on the planet due the to size and calibre of it's product. Investors have become fixated on the shorterm and have lost sight of the quality of the underlying asset http://en.wikipedia.org/wiki/Letseng_diamond_mine
rufio90210: Shares mag say to buy before results on 17th march. BELOW Shares in diamond miners have been volatile this year as many producers resort to selling goods at a discount to shift material. Retailers have been left with higherthan-expected inventory levels of diamonds as their own demand has been patchy, as reflected by poor Christmas holiday sales from jewellery giant Tiffany’s (TIF:NYSE), published on 12 January. While this negativity has cast a shadow on diamond miners, it does present a great buying opportunity and Gem Diamonds (GEMD) has to be top of the list. The long-term story for diamonds remains the same, regardless of the present market weakness. There’s been very few new discoveries of large deposits for many years, so supplies are likely to lag demand in the future. Gem Diamonds insists it hasn’t had to cut prices to shift its goods in recent months and says demand for its highquality stones remains strong. A trading update from Petra Diamonds (PDL) on 26 January flagged a ‘softer than usual’ market for rough diamonds, sending both its share price and peer group into freefall. But Petra’s share price has since recovered all the lost territory after reporting an improvement in selling prices in February. Interestingly, Gem Diamonds hasn’t staged a similar recovery, implying now is a great time to snap up the stock before the market cottons on. Get in before 17 March which is when Gem Diamonds reports full-year results and updates investors on sales activity so far in 2015; there’s expectations of a maiden dividend too.
alan@bj: My thoughts exactly. It's always worrying when a share price drifts lower like this, in the absence of any firm news, and unfortunately quite often there turns out to be a good reason for it.
jovi1: i think with a company worth 200 mill of which more than a 3rd id in cash is a buy, yes the share price has been disapointing for many years but now that thye start paying dividend the fortune can change quickly. this company has been quite ulucky i believe every time they had good news the overally marcket had bad ones especially in comodity. i believe this company will be worth more than double within 2 years and i suspect the rise will happen on very short time i may well be wrong but the potentyial is there,
wigan49: Hello, I have just started using ADVFN to research despite having been a member for quite some time. But one thing I just noticed...where are the share prices displayed on the share thread? For example, where is the share price on here at GEMD? Help most appreciated
jeffcranbounre: Gem Diamonds is featured in today's ADVFN podcast. To listen to the podcast click here> http://bit.ly/ADVFN0116 In today's podcast: - Alan Green CEO of TradersOwn.co.uk will be chatting about a small cap stock tha has game changing technology. Alan on Twitter is @TradersOwn - It’s Ten Bagger Tuesday - every Tuesday I feature a company whose share price has the potential to increase ten fold. If you think you know of such a company please email me podcast@ADVFN.com and I could feature it next week. - The micro and macro news - Plus the broker forecasts   Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
deanowls: How much of the forecast depends on them finding exceptional large stones for the year? New to this one so is this something that holds the share price back until they do find a few big ones?
alan@bj: Surely the fall in the share price reflects Capital Group's reduction of its holding?
p@: alan-pe of 11.2 Gem Diamonds (GEMD) On Friday, Gem Diamonds (GEMD) announced that its Ghaghoo mine in Botswana, the first underground mine in the country, had been officially opened. Production should hit a rate of 60,000 tonnes a month by December 2014, with first sales expected by the end of the year. Gem also joins Paragon in Lesotho, where it operates the 70% owned Letseng mine, which is pegged to produce up to 100,000 tonnes this year. Letseng is well known for its large, high value diamonds. But Westhouse Securities warns that the bulk of the company's revenue comes from these big finds, so income is lumpy. After impressive first-half results, Gem looks on track to introduce its maiden dividend at the end of this year, especially with the strong cash flow generation it displayed in the period. While Westhouse maintains its 235p target price, it has lowered its guidance to 'add' from 'buy', due to recent share price strength, which saw it rally by 40% since mid-June. With EPS expected to double to 31.8 cents, the stock is trading on a price/earnings (P/E) multiple of 11.2 times, with an EV/EBITDA ratio of 3.2.
neilgbudd: Fair enough if you've bought in a lot lower and can wait. But if you're already sitting on a loss, why risk the loss getting even bigger and having to wait even longer just to break even? That's assuming things pick up. Surely the funds are better placed in a company that is doing well and has a rising share price. GEMD just can't get above 180p at the moment. With no support until 140/160p, I'm out. Hope things work out well for holders nevertheless.

Gem Diamonds Di Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
UT 342 100.00 27 Nov 2015 16:35:26 GBX

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