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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gemfields Group Limited | GEM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.25 | -2.13% | 11.50 | 11:00:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 11.75 | 11.50 | 12.00 | 11.50 | 11.75 |
| Industry Sector |
|---|
| MINING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 24/03/2023 | Final | GBP | 0.02295 | 27/04/2023 | 28/04/2023 | 12/05/2023 |
| 29/09/2022 | Interim | GBP | 0.011214 | 20/10/2022 | 21/10/2022 | 04/11/2022 |
| 25/03/2022 | Special | GBP | 0.012979 | 21/04/2022 | 22/04/2022 | 06/05/2022 |
| Top Posts |
|---|
Posted at 27/3/2024 13:14 by justiceforthemany Looks like no one cares about the dividend. |
Posted at 25/3/2024 10:56 by loganair Dividend of USD 10 million declared (USD cents 0.857 per ordinary share) and payable in June 2024 |
Posted at 25/3/2024 07:45 by saracen3 Dividend of 0.68p per share for a yield of 5.4% |
Posted at 24/3/2024 19:44 by justiceforthemany Don't be surprised if there's no dividend at all again. |
Posted at 22/3/2024 12:56 by saracen3 Broker Liberum looking for 0.6p dividend for 5% yield. Auction $35m v $21. |
Posted at 29/1/2024 16:21 by caiman47 The emeralds from the cancelled auction will be held on the books at cost not expected value.Capex spend has sharply increased at both mines. Montepuez we knew about but it's not obvious at Kagem. One other problem going forward is that with the merger of Panmure and Liberum there will only be one broker covering the stock. With regard to the dividend, it's really down to what Assore wants. My guess is that they will prioritise the longer term value by means of capex but will return anything that is genuinely spare. |
Posted at 17/11/2023 09:20 by teacup I put my trades out there to be shot down. Me investing here after being negative for so long is not something I do lightly. I even had psychological wager with Saracen that GGP would perform better than GEM over the year from July. At that time the GGP share price was half of GEM. As we stand GGP is 11.1p so GEM would need to be 22.2p to match it.All that being said I think GEM was a good bet after buying in at 13.5p. Sincero you aren’t an investor but prefer your child games. Onwards and upwards from here for GEM. My plan is to be here for quite a while and build on my initial investment. So you are aware I tried to buy 60000, 50000 and 40000 and Interactive Investor would not give me a live price until 30000. I only take a live price as the price would have been higher than 13.5p otherwise. |
Posted at 01/11/2023 10:06 by jaka 9Mozambique misses ruby production target with drop of almost 40% this yearOctober 30, 2023 Steven AddamahThe Mozambican Government admits that the country will miss its target for ruby production this year, which is expected to fall by almost 40% compared to 2022, when it was 4.4 million carats of the precious stone.According to a report by the Ministry of Economy and Finance on budget execution for the first half of the year, the available production data, concentrated in three companies, shows that "the planned production for 2023 will not be achieved, with a decrease of around 38.83% expected".This decline is explained in the document by "the existence of around two tons (11,275,435 carats) of stock" of rubies by Montepuez Ruby Mining, which is the largest producer, and by the fact that the deposits in the areas concessioned to the Fura Gems and Gem Rock groups "are not of high mining potential and are also not powerful"."For 2024, growth of 3% is expected compared to what was projected by the end of 2023," adds the report, in a forecast that if confirmed will represent production of more than three million carats next year.The Montepuez project alone, in Cabo Delgado province, consists of four licenses covering 19,300 hectares next to the world's largest ruby deposit, discovered by the multinational Gemfields in 2012.Rubies are among the rarest and most valuable gemstones in the world, with Mozambique becoming one of the largest producers in recent years. A 55.22-carat ruby discovered in 2022 weighing 101 carats in its original form by Fura Gems in one of its mines in Mozambique this year became the largest and most valuable jewel of its kind ever sold at auction, after being worked, fetching 34.8 million dollars in New York.Https://medafri |
Posted at 22/9/2023 08:00 by saracen3 Liberum explains and confirms 26p targetGemfields (BUY, TP 26p) Results inline, dividend paused - Gemfields financial results were inline with recent guidance and the company have elected not to pay an interim dividend due to the poor run in quality and quantity of high quality emeralds from the Kagem mine (November auction has been cancelled) and the lift in capex for the second processing plant Montepuez Ruby mine. The company have every intention of restarting the dividend at the full year results and with net cash of $61.8m we see it as highly likely . The weakness in Kagem's production has largely been attributed to vagaries in the ore body, which have had particularly bad start to the half in July and August. The first half was also weaker than historic levels, but this was affected by a key product point in the Chama pit being underwater for a longer period of 2023 than previous years. Given how pent-up demand really drove up pricing post covid, you could see this helping them on emeralds at their next auction, although NB their market share isn’t as dominant here than it is in rubies (maybe 25% vs 50% for rubies) 2.0x FY24e EV/EBITDA and 24% op FCF yield (ie. pre the growth capex at Montepuez) |
Posted at 08/1/2023 17:33 by saracen3 Add some sparkle with emeraldsGold is a unique asset, prized for its lustre, beauty and value. Coloured gemstones are rather different, but also in demand. Rising prices and growing awareness are good news for Gemfields, which owns the largest ruby and emerald mines in the world, as well as the luxury Fabergé brand. The company has a tangled history. Listed on the stock market until 2017, the group was taken private by a specialised investment firm, leaving many ordinary shareholders feeling disgruntled and short-changed. Gemfields relisted in February 2020, just before Covid-19 virtually closed the market for coloured gems. The shares have rebounded from pandemic-induced lows, the price is 18.5p and chief executive Sean Gilbertson is optimistic. The son of mining veteran Brian Gilbertson, Sean has mining in his blood. And he is keen to make a mark. +4 • Luxury: Ruby and emerald miner Gemfields also owns the Fabergé brand, which is famous for its decorative eggs Gemfields owns an emerald mine in Zambia and a ruby mine in Mozambique, but it sells rough stones at auction too. Four emerald auctions delivered record revenues of $149 million (£125million) in 2022, a 62 per cent increase over 2021. Three ruby auctions generated record revenues too – $167million, compared with $147million the previous year. The Fabergé business helps put coloured gems front of mind among wealthy consumers and a 007 Fabergé egg is expected this year, commemorating 60 years of James Bond films. Gemfields has not been helped by civil unrest in Mozambique, which put expansion plans there on hold. Nonetheless, its balance sheet is strong and Gilbertson is a dividend enthusiast, with 2.6p expected for this year, putting the stock on an extraordinary yield of almost 14 per cent. Brokers forecast a payment of at least 2p for the current year, rising to 2.4p in 2024, making Gemfields one of the very few firms offering inflation-busting income. Traded on: AIM Ticker: GEM Contact: gemfields.com or 020 7518 3400. MIDAS VERDICT: With a volatile history and an uncertain future, Gemfields is not for the cautious. But adventurous investors – or those with a penchant for precious stones – may fancy a punt at 18.5p. And the fat dividend adds extra sparkle. |
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