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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kimcor | KIM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.325 | 0.325 |
| Top Posts |
|---|
Posted at 18/12/2008 14:30 by bizz2bizz Why bother paying yourself when you have an agreement with Belmont and you have arranged a kickback from them to feather your nest. Good old Kimcor investors they won't mind! |
Posted at 04/12/2008 09:14 by hyper al Can anyone explain why investors (or are they gamblers)are buying this share? |
Posted at 22/10/2008 08:20 by ceckyspunt the biggest single bar to investors here is the size of the spread imposed by the mm!i mean, its 25% of the value of the company! rather excessive IMO. |
Posted at 30/9/2008 13:34 by dcroston These are turbulent times cesc2 and I would be surprised that any investor would put their hard earned cash into something at the moment unless they were privy to price sensitive information. Of course I am only guessing as well. |
Posted at 30/9/2008 12:53 by bigwilly1986 I do remember one particularly bloody trade of 1.625 million at 0.75 or something like that. I believe that the low price was due to investors wanting less risk. But with such a speculative and highly illiquid company, you may be right cesc2, who knows? |
Posted at 24/9/2008 15:38 by kenmitch If it was the first of the two alternatives then the obvious thing to do/to have done is to provide an update. In this market the shares might not go much (if any) higher on the news, but it would at least reassure long suffering investors. I know they don't have to update - but the mind boggles at the thought that they are cheerfully hiding good news and will then hit the market with a lot of lovely surprises. My conclusion based on the lack of news - which is what happened with expected good news re Bellsbank a good while ago - is that when we get an update it will be bad. I'm just hoping that it is not bad enough for the shares to be worthless, and also that they won't need to raise more money, which may well be a non starter. The share price is already discounting bad news so the hope must be that they are at least breaking even. Too much to hope that even if they aren't managing 15,000cpm that they are getting somewhere near? That would at least mean that the shares might hold their present level and we can all dream of better news and a higher share price one day in the distant future. We never stop learning at this game. I've never really got to grips with this share but have cottoned on far too late - as I did earlier with GTL in a different sector - to this obvious fact, that it has to cost them less to mine the diamonds than they get for selling them. So I now realise I took far too little notice of the fact that KIM have been very vague on this point. Somehow too the market always seems to know. With hindsight - since I had cottoned on to the market nearly always knows, years ago - I should have sold ages ago. Now, (and I guess others are in the same position) the % losses are so big (but fortunately my stake isn't thanks to my rule of never investing too much in shares I don't fully understand) I might as well risk losing what is left. A shame for those who have lost more and who believed the hype, but then remember the key point of never investing more than we can afford to lose and also not to blame bullish posters here for our investment mistakes. Anyway it might not yet come to that as it is just possible that even now we'll all end up holding a winner. Dream on! |
Posted at 04/9/2008 19:29 by dcroston bigwilly1986,I agree that based on the mine resources/equipment which KIM own then you can consider the company as undervalued at £6m. But, obviously the real proof of any successful company is, can it make and sustain a profit. Its no use if the cost of extracting the diamonds out of the ground is more than the value you can sell them for and that is the nagging question. Heres what I suspect is happening at the moment. Bellsbank - producing nothing at the moment but will no doubt be costing a certain amount of money to manage and maintain. SMI4 - Only producing at 35,000tpm which is not nearly enough to make a profit if cpht is not maintained at double the target level of 6cpht. Needs to produce a minimum of 50,000tpm at 6cpht according to the prospectus to realise a profit. Still waiting news on the plant upgrades to 150,000tpm have been achieved. Blaauwbosch U/G - Very little action here as largely development going on to open up access to ore. Blaauwbosch Tailings - Probably processing tailings at between 5,000tpm. Any profits made from tailings will largely be used to fund the U/G development. Still waiting on news that the upgrade to the plant has been completed to achieve the 11,000tpm target. On a more positive note. Newlands U/G - Plant is Processing at 7,000tpm which is current design capacity. Newlands Tailings - Plant Processing at 23,000tpm Nooitgedacht - Processing at 30,000tpm last time we heard anything but I guess some questions marks here because we havent had any update on diamond sales lately or production rates. Still waiting to here news on whether or not they will purchase a new plant to increase tpm capacity. We are suppose to be coming out of the development phase now and proving that the design enhancements that were made (or are going to be made) have been a success. Then once production is in full swing, any potential investors will want proof that they are extracting the diamonds out of the ground cost effectively. Thats the big if really and thats what remains to be seen. Most people probably think that they can invest their money more succesfully elsewhere and Market Makers are fairly ruthless at the moment and looking for blood even on any small amount of selling. I'm sticking it out until hopefully KIM realises its potential but I think I may have quite a wait yet. |
Posted at 05/8/2008 23:11 by hyper al The MullahI agree with you, it's crazy. I'm down just 56%! Kimcor would be better listing in Canada or Australia, why bother with the UK where investors do not have a clue about this sector. |
Posted at 12/6/2008 17:54 by dcroston orm5,Go to post 555 to read the article. Ceckyspunt, Just have a slight query over your comment 'one of the problems with KIM is that there are not enough shares in circulation as dwyka hold too many...this appears to hold the share price back!' Surely, if there are fewer shares out there available to the market due to investors with large share holding surely this is share price positive as fewer shares available to trade combined with a high demand should equal a better price or is that being to simplistic or are you implying that the share price is held back by MM's when a high percentage of shares are held by investors (Dwyka in this case) for fear that they may dump their holding all in one go. Regards, DC |
Posted at 13/12/2007 15:35 by armand traore Diamonds: An Investor's Best Friend? By David Williams 12 Dec 2007 at 09:53 AM GMT-05:00 JOHANNESBURG (Business Day) -- Diamonds may be a girl's best friend, but are the diamond producers suitable for serious investors? Summit TV speaks to James Allan from the Allan Hochreiter consultancy DAVID WILLIAMS: Welcome to Face to Face, we're talking about the diamond market with James Allan of Allan Hochreiter. James, the diamond trade is different to others - let's talk first about supply and demand projected. My overall impression from what I have read is that demand is going to grow but supply is going to be pretty constant... JAMES ALLAN: Demand has been growing pretty well in the last four or five years - it peaked around 8% in 2002 but slowed global demand probably growing at around 5%, which is a fairly significant number of diamonds. If we think diamond production globally is around about $13 billion, a 5% growth rate is $650 million worth of consumption every year that's being added to the market. South Africa probably produces twice that so that gives an idea of the kind of growth rate in the world. In terms of supply, one of the problems with diamonds is they come from kimberlites, and everybody says, "I've got a kimberlite near Kimberley" and you say, "Whoopee, that's why it's called Kimberley." Kimberlites are very common - there are about 6,500 of them in the world, and of those there are probably 20 producing mines. From the statistics the geologists will tell you that maybe one in 100 kimberlites contains microdiamonds, and one in 100 of those may become profitable - so finding a producing kimberlite, or a kimberlite with the potential to produce, is extremely difficult. It's extremely costly - estimates have ranged from $500 million to $700 million to find a kimberlite that has the potential to become a mine. So it's extremely difficult to find new mines - you will see the most recent ones have been in Canada. In South Africa the most recent one was Venetia 25 years ago. The supply side is looking reasonably good at the moment in terms of some growth, but it's probably growing at 1% per annum - so demand is growing at 4% to 5% per annum, supply is growing at 1% per annum and you have an imbalance in the market. DAVID WILLIAMS: The industry has been revolutionised over the last few years. De Beers changed their approach, the stockpiling stopped - there's much more supply and demand the real market operating - but is South Africa closer to the gold industry? The gold mines were discovered early, but they're largely mined out. One thinks of De Beers' aerial prospecting over huge areas of land that saves a lot of money - where do we stand in terms of future prospects in South Africa? JAMES ALLAN: I think everybody keeps going over the same ground in South Africa hoping that new technology will reveal something that hasn't been found before. The reality is that some of the big mines in South Africa are getting towards the end of their lives - we've seen De Beers sell Cullinan for instance to a smaller player Petra Diamonds [LSE:PDL]. They will probably make a great success of it as they have done with Koffiefontein. Finch Mine is coming to the end of its Block 4 - they have then got to think about, do they go underground to the next level which is Block 5? They will face the same dilemma that they did with Cullinan. Venetia has to go underground in 2020 - they start drilling next year to delineate the ore body at depth, so there's a massive plan in place there - but at this stage there are no new big kimberlites to be found in South Africa, or so we think. DAVID WILLIAMS: Reading a report by Tessa Kruger which quotes analyst Des Kilalea, they identify the top 10 investable diamond companies by market cap - it's interesting only one of them is South African, and that's Trans Hex [JSE:TSX] - but you say Rockwell [TSX-V:RDI] has now overtaken them. We spoke to Rockwell a couple of weeks ago when they listed... JAMES ALLAN: I must note here that I am corporate advisor to Rockwell - and was involved in the listing and the capital raising process - so I'm obviously a little bit biased in that direction. Rockwell's market capitalisation is around about the same as Trans Hex, possibly slightly larger on any given day. It's listed in Toronto as well as in South Africa so one needs to take a look at that - the fact that there are shares listed in that country as well. So that will make two companies listed in South Africa in the top 10. DAVID WILLIAMS: Looking at the sector there's lots of little companies doing things - consolidation ahead which means different opportunities for investors? JAMES ALLAN: Absolutely. I think there's probably 30 companies in what we would call the mid-tier market capitalisation globally that are involved in diamonds. Some of those are producers - very few of them I'm afraid - some of them are explorers, and most of them have got a great deal of blue sky. There will be consolidation in that industry as we go forward. DAVID WILLIAMS: What about pricing? Other commodities have run very hard in the last few years - some of them are obvious, China needs iron ore - how do diamonds compare in terms of price? JAMES ALLAN: We have seen iron ore go up by 30% and 40% in recent price increases, we've seen copper prices double and triple over the last five years and similar things with all the industrial metals - what we have got to realise is that the Chinese economy is at the stage where it's consuming industrial metals, and that's been really driving the commodities market. Where diamonds are concerned the Chinese are consuming more and more diamonds - growth there is in the double digit area - but China is probably only consuming about 3% of the world's diamonds at this stage, so it will be some time before China has the same kind of impact on the diamond market as it has on the other commodities. Nonetheless, diamond prices if we talk about on a global average are probably 35% to 40% up on where they were in 2002. You must remember of course that historically the diamond market was a more managed market, and you certainly didn't see the volatility in diamond prices that you had in the other metals - so it was coming off a higher base. DAVID WILLIAMS: The desirability of diamonds - it's a unique commodity that depends on what people think, they don't need it to do things - is there any chance the market could fail because desirability leaves? JAMES ALLAN: We could debate whether people need diamonds or not. I would just point to the fact that while I was waiting for you I pulled the plastic model diamond out that John Bristow showed you on the show a couple of weeks ago - immediately all the women working on their computers clustered around to look at this piece of plastic they thought was a diamond. Women love diamonds, men love women - I think as long as that carries on we've got a diamond market. DAVID WILLIAMS: That enduring phrase springs to mind: "Diamonds are a girl's best friend." JAMES ALLAN: An absolutely phenomenal phrase. DAVID WILLIAMS: The best friend of investors in the next couple of years? JAMES ALLAN: I think that it will be a very good friend of investors - remember it's got to compete against all the other asset classes. We've seen massive increases in stock prices for many of the other commodities - diamond shares have underperformed relative to the others - so a lot of investors are saying this is the next sector that's going to perform over the next five years. Let's not forget that we are looking at a growing deficit in diamonds - growing over the next five years to maybe an $8 billion rough diamond market in a total market of $13 billion - so very good demand could come through for some of the shares, particularly those that are producing diamonds. I think this is going to be the key thing investors are going to look for is delivery - it's all very well having blue sky and having lots of what the Canadians call "moose pasture" that we might call "gorilla pasture" if you're in the DRC or "sheep grazing" in the Northern Cape - but more and more investors are going to say, "Where is the delivery from the company?" With Summit Business TV. |
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