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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 % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50p -1.87% 131.25p 132.50p 133.75p 135.00p 131.25p 134.00p 105,227 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 169.3 73.7 25.5 5.1 181.51

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Date Time Title Posts
27/5/201615:05Diamonds are forever1,164
31/1/201307:22Gem Diamonds - Southern African gem476

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Gem Diamonds Di Daily Update: Gem Diamonds Di is listed in the Mining sector of the London Stock Exchange with ticker GEMD. The last closing price for Gem Diamonds Di was 133.75p.
Gem Diamonds Di has a 4 week average price of 134.62p and a 12 week average price of 125.68p.
The 1 year high share price is 159.75p while the 1 year low share price is currently 95p.
There are currently 138,296,460 shares in issue and the average daily traded volume is 623,167 shares. The market capitalisation of Gem Diamonds Di is £181,514,103.75.
undervaluedassets: The letseng stones are not subject to the supply and demand headwinds experienced by the rest of the diamond market. Due to size and clarity of letseng stones the prices continue to hold up very well and there is a stampede whenever a 100+ carat stone comes to market. Given letseng factor, recent results and very modest share price and the trend of finding more large stones thanks to project kolo I think that on risk reward basis this is not bad place to take a position here.
dazah: Increasing profits at Gem Gem Diamonds(LSE: GEMD) released full year results yesterday that were very well received by the markets. Profit for the year (2015) was US$67.4m, with earnings per share up 26% Y.O.Y to 30.2 US cents. There was another highlight in the results and that was a 5 US cents dividend and a special dividend of 3.5 US cents. Gem's CEO Clifford Elphnick commented on the results saying 'Although 2015 was a challenging year for the diamond mining industry, it is encouraging to report that the Group has delivered a strong set of operational and financial results' Gem's shares responded well yesterday and it looks like the company will deliver solid results well into the future. This scope for growth is highlighted by three broker upgrades yesterday with target prices between 181p-270p. Gem's current share price is 105p.
eastbourne1982: Very solid results making the share price look strikingly cheap.
eastbourne1982: Bought back in today at under 97p and under 98p. Balance sheet is good, why would they need a placing ?? Doesn't make sense to me, to be honest I couldn't care less about a dividend, I'd rather they put that cash in the bank. With regards to a new broker, perhaps they consider the share price to be undervalued and wanted some extra hands on deck, who knows ??
dazah: Well if all is rosy then why a third broker and why a collapse in the share price? Feels very much like HOC the difference here is that diamond prices are generally going down and silver for HOC has gone up.
eastbourne1982: If Gem Diamonds locate a big diamond the share price could really shoot up given the healthy balance sheet and low valuation, despite the tough market conditions these should really be trading above £1.50, I'll continue to accumulate around the £1 mark. I'm holding both Gem and Petra as I feel there could be returns of 50 - 100% on offer within the next 12 - 24 months.
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,
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.
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

Gem Diamonds Di (GEMD) Latest Trade

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Trade Type Trade Size Trade Price Trade Date Trade Time Currency
UT 78,971 131.25 31 May 2016 16:35:16 GBX
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