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GEM Gemfields Group Limited

12.00
-0.50 (-4.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gemfields Group Limited LSE:GEM London Ordinary Share GG00BG0KTL52 ORD USD0.00001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -4.00% 12.00 11.50 12.50 12.15 12.00 12.00 121,028 08:00:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 341.11M 56.78M 0.0464 2.59 146.75M
Gemfields Group Limited is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker GEM. The last closing price for Gemfields was 12.50p. Over the last year, Gemfields shares have traded in a share price range of 11.60p to 20.30p.

Gemfields currently has 1,222,918,104 shares in issue. The market capitalisation of Gemfields is £146.75 million. Gemfields has a price to earnings ratio (PE ratio) of 2.59.

Gemfields Share Discussion Threads

Showing 1201 to 1220 of 2275 messages
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DateSubjectAuthorDiscuss
02/11/2015
17:16
Nice to see the other designs and realise just how clever the team is. Excellent

On Sunday I saw that Zambian emeralds featured on one of the shopping channels.
hxxp://www.gemporia.com/en-gb/emerald-jewellery/
In the program the sales woman described the stones as particularly clear. One ring with a large emerald and diamonds was priced at £5,000. I thought they were nice designs. The rings seem to have very slender gold bands and there is usually space around each stone. Settings seem to be raised above the band and show off the depth of the stone.
There are emeralds from named countries on several pages on gemporia.com Zambians priced from £40 to £2000+.

It must be disappointing for the company that investors have not reacted better to the obvious good news.

uncle john
02/11/2015
14:29
Ian Harebottle speaks to Proactive
ftseproactive
02/11/2015
10:30
The designs that were entered for the Grand Prix are truly excellent. The team are to be congratulated for the range as well as the individual design.
I particularly like the mans watch. I wonder what designs they were up against.
How can we find out the prices, not likely to be buying but interested.

These should be a vital step in raising the awareness of the brand to a younger group.

uncle john
02/11/2015
08:09
Explains the flurry of buys last week perhaps?
hazl
02/11/2015
08:00
Sorry unclejohn I can't agree,the Faberge items are classic.
I thought you had some genuine posts; now I can see that you are just talking it down.


Well done Gemfields!


IMO

hazl
30/10/2015
19:03
My concerns over the value of inventory at Faberge are to do with the age and designs of finished items. If some pieces are not well designed and are 10 years old I wonder if they can be sold.
Design does perish, it is fashion. There must have been a problem with the way jewellery was commissioned by management to have built up such a huge stock. Why would they have added so much that wasn't selling then - when it was new? And the new company (that's us) had to pay for it at full price!
If items have to be dismantled and reused it is very costly.
For Faberge we are talking 'added value', which is completely different to the value and cost of the uncut stones ex mine. I have yet to calculate the amount of stones not sold.
No I have not been accumulating for reasons I gave earlier.

uncle john
30/10/2015
09:12
Is it you quietly accumulating?!
hazl
30/10/2015
09:11
I don't completely agree with your views on the inventory though.
If next year proves to be a good year for gold I would have thought their assets are a very good store of value going forward.
They are not after all perishable.

hazl
29/10/2015
15:19
Fair points.
I think you are spot on with the macro overview and yes, if the general market goes through the doldrums then psychologically it is quite difficult; to hold when times are bad even if you see 'value'.

Maybe that is why I find myself holding back as well.
I have reduced a lot of stocks over the last few months.
I like them so will hold just the few I have running on their profits until things become clearer.

hazl
29/10/2015
13:16
Yep, I think the messages are very mixed.
Macro: Wall Street and London could well be in distribution phase, Rounded tops on many charts. The clever money is IMO feeding stock into the market that is being bought by retail investors. Risk is being transferred from professionals to private investors.
Look at the weekly Burberry chart over 3 years. They have expanded and built up a good company.
They have really expensive goods and 'affordable' products that some of us might buy as special treat.
Will Ferrari hold the IPO price? (Think of it as a luxury product not a car company)

Ian H is doing a good job building enhanced value for coloured stones. He did not go down the Tanzanite route and flood the TV shopping channels with heat treated stones. I think he will succeed in building the company but the Pallinghust team might well be too greedy and take too much out in fees salaries and even plum jobs for family members.

This might well be a good price at which to buy GEM but, is it a good time? It might be a while before we see 60+p. Or at least it could take longer than I am prepared to wait.

The AGM and further news may add clarity. At this time I will sacrifice a few pence for greater certainty.
I hope this helps
u j
ps.I have been banging on about inventory since the initial deal was done, Pallinghust stuffed us with about 16 years of stock at an undiscounted price. See my first posts.
I raise the question at AGMs I have been to as well.

uncle john
29/10/2015
12:16
You provide mixed messages unclejohn.
You seem to be warning us off luxury firms yet saying you wish to buy in?
I think it has perhaps reached a base now and am considering as well.
imo

hazl
29/10/2015
09:49
Are you all sure that you want to buy into a company that is in the luxury goods sector just at this moment?
Look at performance of other luxury brands.

GEM now has timepieces that will compete in a very croded market place.
It has a $100 milliom inventory but is buying more assets, Colombia and Sri Lanka
The Faberge store has not become profitable. If it had they would be saying so very loudly.

I have hopes for the company, I respect Ian H, so I am looking for an entry point.

u j

uncle john
29/10/2015
08:04
Hmmm - down a third in 2 months. We need something to stop the bleeding here. When is the next auction?
juzzer100
21/10/2015
10:33
Wonder if we will be a winner in the prestigious competition above? post 828
Horlogerie de Geneve.
Seems as though you can vote on the site.
I think that they are stunning designs across the board but our Faberge watches would be worthy winners,in my view.
Particularly like the Summer in Provence watch.
Announcements on October 29th,that's only a week away!

IMO

hazl
08/10/2015
18:25
Discusses the problem of peppering in the industry.Its sure to give our gems more credibility I would have thought?
hazl
07/10/2015
18:51
I also think the management of Gemfields are very canny indeed.
This recent collaboration with Colombia comes at an extremely succinct time in Colombia's history.
I found this in a piece that J.McKeigue writes for Moneyweek,that mentions Colombia in a more general way as being possibly a good future place for potential.


from James McKeigue's piece in the
The New World

'If you take a step back, and look at it on a regional, historical level, then we could be on the brink of something huge. The FT’s John Paul Rathbone nails it when he hails Cuba’s rapprochement and Farc peace process as “momentous events, with regional geopolitical implications that could help untie a horrendous Gordian knot of violence, migration, drug-trafficking and instability that has plagued the Americas for over half a century.”

It’s also clearly good for Colombia too. Regular readers will know that I’ve long been bullish on the country. And while my main reasons for liking it are demographics, macroeconomic strength, infrastructure and its open economy, I’ve long said that a peace dividend could give our investments there another boost.'

He also says that '12 million Colombians, from a population of 48 million, moving out of poverty since 2000.'
Basically they must have the finger on the pulse for continuing to grow Gemfields,as best as they are able,in my opinion.
IMO

hazl
07/10/2015
14:54
If I compare them to the rest of the mining stocks then they have done exceedingly well.
If I look at the price I got them then I am pleased with the current price.
It is of course the future that counts and that is unknown.
Each of us has to make their own decision on that.

hazl
07/10/2015
14:41
Its hard to see how Ian Harebottle says Gemfields “quadrupled of the size and growth of the company.” when the turnover went up from $m160,089 to $m171,448.
I think he is very prone to exaggerate.
Goldminer 70

goldminer70
07/10/2015
14:33
Gold miner - I think revenues and profits for GEM depend a lot on the timings of the auctions. Not looked in great detail, but 2 higher quality auctions in H1 compared to one in H2. Also the only high quality emerald auction was in H1. H2 was quite ruby focussed which is good news as we want the company to diversify and grow. Ambivalent about the results - they are so so. I'll be keeping this one, but agree it's a long term hold.
juzzer100
07/10/2015
11:52
Video interview with CEO Harebottle



Ian Harebottle, chief executive of coloured gemstone specialist Gemfields (LON:GEM), says the company’s full-year results reflect what’s been a phenomenal year of growth for the business.

The miner said it had either met or exceeded production guidance at its Kagem emerald and Montepuez ruby operations, with record prices achieved at the six auctions held during the period.

Costs increased and pre-tax profits were lower, but speaking to Proactive, Harebottle puts this down to a “quadrupling of the size and growth of the company.”

proactivest
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