Share Name Share Symbol Market Type Share ISIN Share Description
Gemfields LSE:GEM London Ordinary Share GB00B0HX1083 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.125p +0.30% 41.375p 41.00p 41.75p 42.00p 41.25p 41.25p 1,244,135 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 145.3 31.5 1.5 26.6 134.78

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13/12/201616:17Gemfields Resources921.00
10/10/201604:31Buying a stock like Gemfields(LSE: GEM) could be a shrewd move.110.00
21/10/201308:46Gemfields Resources Plc AIM:GEM162.00
06/7/201114:52Pele Mountain Resources14.00
27/1/201001:51Ancient Hebrew, Modern Hebrew, English and Hebrew Gematria28.00

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Gemfields Daily Update: Gemfields is listed in the Mining sector of the London Stock Exchange with ticker GEM. The last closing price for Gemfields was 41.25p.
Gemfields has a 4 week average price of 41p and a 12 week average price of 41p.
The 1 year high share price is 57.50p while the 1 year low share price is currently 31p.
There are currently 325,756,541 shares in issue and the average daily traded volume is 215,124 shares. The market capitalisation of Gemfields is £134,781,768.84.
davebowler: Aberdeen Frontiers I.T. view; Gemfields plc (0.6% of NAV), the London-listed miner of coloured gemstones in Zambia and Mozambique, published a market update for the quarter to 30th June 2016, and will soon release annual results to the same date. When published, they will disclose stable production of emeralds over the year (30mn carats, making their Kagem mine in Zambia by far the largest in the world), 23% growth in production of rubies (to 10.3mn carats), stable unit costs and strong auction results (auction revenue of $174mn for the year with stable pricing in emeralds and a strong rise in average per carat price achieved for rubies). With new financing in place to ramp up ruby production, the company continues to make great strides towards its ambition of becoming “the De Beers of coloured gemstones”. The recent rally in the global mining sector has yet to reach Gemfields, but with strong fundamentals and being deeply undervalued (Gemfield’s shares trades on 0.35X P/NAV, 4.5X 2016 EV/EBITDA and the company holds inventory and cash that exceeds its current market cap by a significant margin), we believe the current share price in no way fully reflects the company’s potential.
dice1950: Mustang Resources ‏@Mustang_Res 3h3 hours ago $MUS Gemfields PLC $GEM Price Target Increased to GBX 88 by Analysts at Investec
dice1950: Gemfields PLC (GEM) Price Target Increased to 88P by Analysts at Investec 19th July 2016
jamdan1: Hope would be nice to see the share price cloaer to the broker targets.
dice1950: !YOUTUBEVIDEO:7s_vgXaALB0: uying a stock like Gemfields(LSE: GEM) could be a shrewd move. the Africa-focused coloured gemstone specialist is forecast to deliver an increase in earnings of 328% in the next financial year. This rate of growth doesn’t yet appear to have been priced-in by the market, since Gemfields trades on a price-to-earnings growth (PEG) ratio of just 0.1 following its share price fall of 12% since the turn of the year. Clearly, there’s scope for a downgrade to Gemfields’ outlook and commodity prices will continue to fluctuate. However, with such a wide margin of safety its shares could perform exceptionally well, even if its outlook deteriorates. Gemfields could be worth buying for long-term investors. Gemfields Gemfields is the world's leading producer of ethically-sourced rare coloured gemstones. Peel Hunt upgraded Gemfields (LON:GEM) target to 78p from 70p, ‘buy’ 13th July 2016
43rick: From the Motley Fool - apparently today "One mining stock that does appear to be worth buying right now is Gemfields (LSE:GEM). It has been a star performer in 2015, with its share price rising by 34% since the turn of the year. This is at least partly because of the company returning to profitability in 2014 and being forecast to increase its earnings by 37% in the current year, followed by further growth of 144% next year. This rate of growth is likely to continue to catalyse investor sentiment - especially since much of the mining sector is undergoing a period of financial decline at the present time. Furthermore, Gemfields continues to offer a relatively wide margin of safety despite its upbeat growth forecasts, with it trading on a price to earnings growth (PEG) ratio of just 0.1. This indicates that further share price gains are very much on the cards."
goldminer70: On 22nd September 2014 Gem fields announced the results for the financial year to 30th June 2013-14. These showed that a revenue (turnover) of £94.00M they made a profit £21.39M. The Share Price closed on that date was 51.50p On 9th March 2015 Gemfields announced the interim results for the period 30th June 2014 to 31st December 2015. These showed that a revenue (turnover) for the six months of £66.40M they made a profit £27.92M. So Gemfields made £6.53M more profit in the first six months than the previous twelve months. This barely moved the share price it was though the market did not believe the interim figures. Although the increase in activity was substantiated by the Market Updates. In the six months in the second half of the year there have been three auctions which generated sales of £38.4M. Auctions only represent part of the total revenue of the Company The two Market Updates for the third quarter and fourth quarter generally show increased production levels on the previous quarters and the corresponding periods in the previous years. So taking all these factors in account I am estimating that in September 2015 the results will show revenue of £120.0M (up 24%) and profit of £50.0M (up 134%). Gemfields is selling at a PE of 53.7 and is capitalised at £353.6M. If the profit does go up to £50M the PE will come down to a lowly 20 which is ridiculous for a company with profits increasing at such a rate When results are analysed I believe the share price will go up over £1 by Christmas. Goldminer70
hazl: Sometimes less is more and every now and then I do a spate of research to see if my investment is still up to scratch. The stock market is always about the future as opposed to accounting,say,which is about the past and so what conclusions have I arrived at about Gemfields GEM? Well despite the share price haven risen considerably for me last year.... 'At 48.65p, Gemfield’s share price has risen 47% so far in 2014, versus an AIM All-Share index that’s fallen 9% in that period. And over the past 5 years Gemfields has absolutely smashed the index, with a share price that’s increased 544%, compared to the AIM All-Share’s 24% gain.' The foresasts on digital look show growing ptp Forecast Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield 2014-06-30 96.66 21.91 1.06p 49.5 n/a 0% 0.00p 0.0% 2015-06-30 119.06 33.22 2.42p 21.0 0.3 82% 0.00p 0.0% 2016-06-30 140.10 49.48 4.02p 14.1 0.2 66% 0.00p 0.0% and Peel Hunt give a 69-114p share price target possibility if Montepuez moves up to full scale production. and Pallinghurst give a positive outlook 'Outlook Gemfields continues to see increases in demand and prices for its ethically sourced emeralds and expects this trend will continue. The auctions of traded gemstones offer another opportunity to increase revenues while establishing Gemfields as a global marketing channel for gemstones generally. Gemfields is well-positioned to build on its strong position in emeralds and use this to its advantage in developing its new ruby and Fabergé businesses so to entrench itself as the world leader in coloured gemstones.' There is quite a bit of news to expect as early as later this month so I am concluding that it is a good investment. Good luck folks! IMO
hazl: plays to dazzle By Harriet Mann | Fri, 5th September 2014 - 18:03 London's larger diamond producers have done well over the past 12 months, and with geopolitical events increasing the need for an alternative currency and increasing diamond demand outstripping diminishing supply, there is further significant upside for the industry say insiders. Conditions have certainly improved since the post-Lehman slump. But it's been a real “rollercoaster ride" since 2008, says Bain & Co, with prices plummeting a year later before rebounding in 2010-2011. So far this year, prices are up 18%, according to data from Allenby Capital. The mining sector as a whole bottomed out in July last year, and although Allenby's James Rose does not expect it to re-rate just yet, he is upbeat on the vast potential of certain companies. "There no longer appears to be a net downward trend in mining stocks, thus enabling companies with positive news flow to actually realise share price gains, rather than such events merely being used to clear overhanging positions," he says. Diamonds - an alternative to gold There are three types of diamond; industrial diamonds, exceptional diamonds and those sold to retailers through their colour, clarity and carat. Assessing the health of the diamond industry is far more difficult than for the oil and gas sector for which spot prices are widely available online. There are alternatives, like Rapaport (link), but it is this lack of price transparency that Philip Manduca, the new executive chairman at Paragon Diamonds, believes is the industry's biggest issue. That aside, the investment case for diamonds is not new, so why should investors be bullish on the stones now? Manduca says it is down to the growing uncertainty around global geopolitics, "weak politics and weak leadership." Religious warfare and significant youth unemployment in Europe don't help. "There are problems just about everywhere on the planet," he laments. "In that environment you have got to look at investments that can secure one's wealth and provide returns on one's investment. And it is hard to see why diamonds won't be one of the more optimal ways to do that, not least because we are in a period where I think history will look back at the current era of monetary policy and describe it as crazy, where money is being printed at will and central banks are buying government debt. Just because it is acceptable now, doesn't mean it is right." When considering hard assets, many investors immediately think gold is the best way to get exposure. But Manduca disagrees, not least because of its connection to the banking system. "Generally you will hold gold in a bank, if you want to transfer gold you can't draw up with a truck outside, you tend to have to move it from one bank to another, typically electronically. The reason for holding gold is that you probably don't trust the bank in the first place. So it really is a difficult, practical currency. Diamonds on the other hand are extremely mobile. They can remain and be stored outside of the banking system they have a proven currency track record going back 600 years." How to time your investment Investing in equities, especially commodity-focused stocks, is so often about timing. For mining firms, investors are advised to buy in before a project is fully-funded to production, as those that aren't typically trade at a 70% discount to project equity value, says Rose. Investors should also consider investing before a pre-feasibility study is published and after the project has been de-risked, but it should be close to maiden cash flows and you should be confident of the firm securing finance, he adds. Rose reckons that of the circa 135 million carats produced in 2013, 70% were from just 15 mines around the world, owned by just four companies and two state-dominated joint ventures. He predicts production to rise at 4.8% per year to 2018 after which output will begin to fall. Manduca is upbeat on the market, especially since De Beer's has loosened its grip on the market: "There isn't a manipulation of the market. There are too many producers, there is no monopoly." And it is because of this scarcity of mines that prices are going north. Producers have to dig deeper, increasing capital expenditure costs. And Asian demand does looks unlikely to slow any time soon. Between 2007 and 2012, middle income households in China and India grew at a compound annual growth rate (CAGR) of 23% and 9% respectively, and the trend is set to continue. That means demand is growing, too - Bain & Co predicts a CAGR for global rough diamond demand of just over 5% between 2012 and 2023 to $26 billion. It's a more modest $17 billion this year. So with the supply and demand story supporting Manduca's long-term view on the diamond industry, Interactive Investor has taken a look at five ways investors can gain exposure to the theme. Paragon Diamonds (PRG) With the appointment of Manduca as chairman of Paragon (PRG), the Africa-focused firm is to undergo a transition to become a "vertically integrated miner," where its reach will extend from production to retail marketing in order to benefit from the expected increase in price. In another move to boost investor accessibility to the stone, Paragon plans to launch an investment fund, possibly within the next 2-3 years. It is also going against the grain, being run by businessmen instead of miners, and Manduca reassures the market that paying management in shares rather than cash will work for in favour of market value rather than their own pockets in the short-term. Paragon's main asset is the Lemphane kimberlite diamond project in Lesotho, southern Africa, which currently has an in-house estimated value of between $900 million and $1.4 billion. Stage one production is expected to start in the first half of 2015. By the end of next week (12 September 2014), Manduca will have confirmed the exact day the plant will be commissioned, currently expected to be 1 February. Stage one is expected to cost up to $10 million to develop, with operating costs of $10 per tonne. Revenues are expected to reach up to $20 million in two years. Talks are on-going to secure financing for the project. Petra Diamonds (PDL) Concerns over the health of Petra Diamonds' (PDL) balance sheet and whether it can fund its capital programmes have been put to one side following a strong financial performance. The discovery of high-value stones, especially a 122 carat blue diamond worth up to $45 million, helped. This improvement has seen its free cash flow yield shrink, with positive yield expected in 2015, supporting Petra's aim of returning cash to shareholders in 2016. Investec Securities pencils in a 2.4% dividend yield. The miner has controlling interests in six producing mines - one in Tanzania and five in South Africa -with the vast majority of its asset value in Cullinan and Finsch. Although improving, weaker grades and rising costs at the historic Cullinan mine forced Investec to lower cash profit forecasts to $232 million, with earnings per share (EPS) falling to 21 cents. But the broker still believes the bullish diamond market could make $495 million in 2017, giving EPS of 47.7 cents. Investec has a 'buy' recommendation on the stock with a 245p target price, underpinned by the positive diamond market. After the downgrade, Petra trades on nearly 25 times forward earnings and on an enterprise value-to-cash profits (EV/EBITDA) multiple of 5.2 times. 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. Gemfields (GEM) Claiming a more responsible approach, Gemfields (GEM) sources emeralds and rubies from its operations in Zambia and Mozambique. After a tough 2013, things are looking up for the firm, with Investec expecting revenue to more-than double to $149.5 million, with EBIDTA reaching just under $50 million from $1.1 million last year. This will push its EPS into the black, at 0.2 cent, and a forward P/E of 397 is expected to normalise by 2015, at 13.1, dropping to less than 7 in 2016. Gemfields produced 6.3 million carats of emeralds in its fourth quarter, which although was down nearly a third on the year, was up 75% quarter-on-quarter. And this "gave no major cause for concern since the nature of the asset base typically delivers considerable volatility," said Investec. With cash of $36.7 million and debt of $16.7 million, Gemfields' balance sheet is healthy, and although the broker trimmed its price target to 55.6p, it reiterated its 'buy' recommendation.
nworb: Gemfields chief says the market is yet to grasp the company's full potential 19th Jul 2011, 10:08 am by Ian Lyall Model performance: the company's latest auction achieved sales of almost US$32 million. The past year has been quite incredible for investors in Gemfields (LON:GEM) which have seen the share price rocket more than 340 percent. The stellar performance of the stock is a reflection of the hard work of chief executive Ian Harebottle and his team on the ground in Zambia, and in particular their success in turning around the fortunes of the Kagem emerald mine in the country. Some savvy marketing and an upturn in demand for coloured stones have also aided the transformation of Gemfields. But while the share price tells a fairly exciting tale of what can be done when you pair operational competence on the ground with an entrepreneurial senior management, it does little to reflect the full potential of this company. There is little in the current share price for the buoyant for market for emeralds – reflected in the record sales achieved at last week's auction - or the improvements in cash costs at Kagem. Neither does the current share price factor in the exploration potential of Kagem, or the company's imminent acquisition of a controlling interest in a world-class ruby deposit in Mozambique. In fact with a market cap £84 million Gemfields is worth just a little more than the cash it has on the balance sheet and the stones it carries as stock. The list of blue-chip institutions joining the share register suggests the Gemfields story is gaining some traction in the City. Blackrock, JP Morgan and Standard Life are there, though the largest investor is still Rox, an affiliate of Brian Gilbertson's Pallinghurst, which has 63 per cent. In the last week the sporadic bouts of profit-taking that have kept the stock in the 18-22 pence range seem to have abated and the stock has tested new highs above 25 pence. "People want to be part of what we are doing and it is becoming contagious," chief executive Harebottle told Proactive Investors. "We have finally got a nice cash cushion, and things (in the market) continue to go from strength to strength." A reflection of the company's success was the last week's emerald action in Singapore, where revenues were a record US$31.6 million and buoyed by red hot demand for the green stones. The financials, meanwhile, reveal a company in transition. Gemfields posted a maiden profit last October of US$2.5 million, which lit the blue touch paper under the share price. Broker Canaccord Genuity expects the company to post EBITDA of US$21 million this year and a net profit of US$15 million. However Harebottle and his team have a habit of under-promising and over-delivering. The last quarterly numbers saw a spike up in costs per carat as Gemfields was hampered by the impact of Zambia's rainy season on production. It also fair to say that emerald grades at Kagem are far from uniform, and there are natural peaks and troughs in production that will affect the cost per carat. That said, these swings tend to be less extreme than those seen at other emerald and coloured gemstone deposits. Over the long term costs per carat are expected to stabilise somewhere around 50 cents, according to finance director Dev Shetty. The company is bringing back contractors to move the waste and "within Kagem we are looking at our operating efficiency, plus an increase in carats", he adds. Gemfields also plans to go underground at Kagem. And having compiled an initial feasibility study, it is now developing a mine plan. Drilling is also underway on the site, with an updated resource statement expected by the end of the year. "There are at least six known deposits on our area, but we want to move our open-cast feet to the right one," says Harebottle. "If we can do that in a couple of years we will have an opencast pit and an underground mine. And that is where we are looking to go at Kagem in the not too distant future." Gemfields also wants to invest in the Kariba amethyst mine, its other Zambian asset, but not before it has acquired a controlling interest in the project. Harebottle reveals: "We are in talks with the government to buy an additional 25 per cent stake in this mine so we can have 75 per cent and justify increasing our level of investment into this project. "(Kariba) needs a bit more cash, which we are happy to supply , but we want a bit more influence over the cash in order to justify that. The market and the demand (for amethyst) is picking up which is exciting." The eye-catching announcement recently was the option to acquire a 75 per cent share of a ruby deposit in the Cabo Delgado province of Mozambique, which takes it into a totally new arena. The Gemfields chief says there is "still a bit of work to do" on the US$2.5 million deal, specifically the "structure of the company and getting the project off the ground". "We are not quite there yet, butwe are working on it," he adds. "We are very fortunate. Without a doubt we have the world's single largest producing emerald deposit in Kagem. "In Kariba we have the world's single greatest producing amethyst deposit. And I have every confidence we will soon have the world's largest single ruby deposit up and operational. They are great rubies." The market for gemstones, meanwhile, goes from strength to strength. Demand from China and India is driving the market, while the US is slowly emerging from recession and starting to spend. The Kagem mine is shrewdly touted as the home of the ethically produced, carbon neutral and ecologically "green" emerald. However the Kagem name is also synonymous with quality in the market. Gemfields' auctions are becoming a magnet for suppliers who trust it as a source of the best stones. They are now being sourced not just from its own operation, but other Zambia mines and as far afield as Brazil, the idea being that cutters and polishers go to just one buyer to acquire their products. "We have become the supplier of choice," Harebottle reveals. "The people who buy emeralds come to us first and buy from us first. "Then, only if they can't get enough from us do they go out to the market. We want to make it easier for the cutters and down-stream industry to get access to a reliable and consistent supply of high quality goods. "At the auction coming up we are putting on the table Kagem mined emeralds, Zambian traded emerald and Brazilian emeralds. "Emeralds sales were lagging in Europe for some time as it had become seen as somewhat of a 'granny stone'. Now that is changing – you only have to look at the windows of jewellers in the Bond Street jewellers to realise they are turning green."
Gemfields share price data is direct from the London Stock Exchange
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