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|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)||RN||NRN|
Gem Diamonds Di News, Charts, Forums & Trades
Gem Diamonds Di News
|20/8/2015||06:03||ALNCF||Alliance News Flash Headline|
|19/8/2015||08:38||ALNC||Profit Declines As Gem Diamonds Gets Rough Ride From Diamond Market|
|19/8/2015||07:00||UKREG||Gem Diamonds Limited Half Year Report|
|30/7/2015||11:23||ALNC||Gem Diamonds Reports Fall In Both Production And Sales In First Half|
|30/7/2015||07:02||UKREG||Gem Diamonds Limited H1 2015 Trading Update|
|24/7/2015||11:40||UKREG||Gem Diamonds Limited Notification of H1 Trading Update|
|03/6/2015||11:49||UKREG||Gem Diamonds Limited Result of AGM|
|29/5/2015||07:00||UKREG||Gem Diamonds Limited Voting Rights and Issued Share Capital|
|21/5/2015||08:38||ALNC||Gem Diamonds Production And Grades Fall But Sales And Prices Rise|
|21/5/2015||07:01||UKREG||Gem Diamonds Limited Sales and Operational Update|
Gem Diamonds Di Share Charts
1 Year Gem Diamonds Di Chart
1 Month Gem Diamonds Di Chart
Intraday Gem Diamonds Di Chart
Gem Diamonds Di Discussions and Chat
Gem Diamonds Di Forums and Chat
|28/8/2015||17:54||Diamonds are forever||940|
|31/1/2013||07:22||Gem Diamonds - Southern African gem||476|
Gem Diamonds Di Top Chat Posts
|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.
|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/ADVFN0|
|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|
|36,491||127.04||28 Aug 2015||16:42:55||GBX|