|Namakwa Diamonds Plc
||ORD USD0.000625 (DI)
||EPS - Basic
||Market Cap (m)
Real-Time news about Namakwa DI. (London Stock Exchange): 0 recent articles
|abtwo: Naked Trader,
Seems the share price is reflecting sentiments re the results?|
|baffinsand123asdaregay: earnestwipplethwaiteIII, love the name, when are you going to post anything to do with nad? i see the open offer expires soon, do you think nad price will move upwards after.
|naked trader: So how much is a 11.36ct Fancy Pink diamond worth and will it move the share price over 4.5p?|
|illuminati1: NAD tipped on motley fool 28.3.12
Since all the biggest diamond miners are out of the investing reach of most private investors, what diamond opportunities do exist for UK investors?
To form a starting point for further research, I screened UK-listed diamond miners for companies with modest prices and cash in hand.
Let's take a quick look at the top five contenders by size, price-to-earnings (P/E) ratio and price-to-book value (PBV):
Company Market cap (£) P/E PBV
Petra Diamonds (LSE: PDL) 907.46m 22.5 2.09
Gem Diamonds (LSE: GEMD) 381.62m 9.8 1.5
Firestone Diamonds (LSE: FDI) 32.89m 3.18 0.75
Namakwa Diamonds (LSE: NAD) 17.42m - 0.41
Stellar Diamonds (LSE: STEL) 15.9m - 1.32
Source: Digital Look, FT
My two picks from this list are Gem Diamonds and Namakwa Diamonds. Gem recently reported tripled profits for 2011 and is on course to double the capacity of its Lesotho mine by 2014.
It has the potential for steady growth and already has higher revenues and profits than its FTSE 250 rival Petra, which looks a bit expensive to me.
Namakwa is a more speculative punt. Despite 2011 revenues of about £58m, it made a horrendous £32m loss last year. However, it is forecast to break into profit this year, which could spur share price growth from a current low of just over 5p.
|bam bam rubble: The CEOs $500,000 bonus is abhorrent considering the share price performance this year and Kao is more than a few months late. Apologists for the Directors who have presided over this debacle are not to be trusted and may well be associated with the board whether directly or indirectly
Mr Collocott joined as CFO with the share price around 40p and was shoehorned into the CEO role due to the other execs leaving in what can only be described as disgrace with one-after-the-other departures. Heno Kruger and Con Fauconnier quit in April, Chief Operating Officer Dries Janzen stepped down in July followed by Jacques Conradie, CEO Nico Kruger stepped down in September followed by Chairman Hans Smith and Dirk Van Staden|
Can we leave this long running appeal saga behind us, and get on with looking at NAD's future instead. whether the appeal comes or not, its not going to make much difference IMHO, the original deliberations from the judge were overwhelming, and if BATLA does appeal, it would in my opinion be taking it on a chance basis, they have nothing much to lose except a few extra $ fees, and everything to gain if the appeal went their way.
It could be a very good start to 2012 for NAD, we have a sale in January 2012, and a IMS due in January 2012 also. But the main benchmark for me is the half year results scheduled for April 2012, this is where we could finally see a full set of figures for production and costs for SA and KAO. not a long time to wait in the contexts of things
I'm also very please with the new managements communications program, they seem to be very professional and are in my opinion fully aware of the share price status, and are doing more then enough to highlight the company progress to date.
|onceabroker: the next IMS is scheduled for 12/01/2012, thats only just over a month away, and could be the real catalyst to the share price if as predicted, we have a good IMS to show the production of the first months KAO in the commisioning period of the mine, this should give us all a good indication of rough production figures prior to the full production start in Q1 2012. it should also give us some figures on the cost saving we have achieved to date from the operations in the 'north west province, South Africa' which are reported to be now cash generating instead of cash absorbing.
This departure from the three-shift workforce required for a 24/7 operation, is demonstrating immediate results with positive operating cash margins for the year-to-date.
if the KAO diamond sale is concluded prior to the IMS, it should also be part of the revenue stream reported.
the current share price will look like a gift of a price when looking back next month, i for one cannot wait for the IMS in January, it may well give a very good start to 2012, for us shareholders!
i topped up on the dip today, i hope that the MM want to give me a few more 'gifts' towards the end of the year, im happy to load up as i go along, using last weeks profits from AAT,
|mj19: if this was to get funding or a bid offer anyone know what we may see the share price go to? looks like a very risky buy... high reward.... high risk?|
|topnotch: The Merlion>> And if you believe that I would be worried by limp-wristed threats from a limp-wristed numpty who throws his dummy out at every opportunity as he ramps the share price up of an astonishingly poorly performing stock then once again...
BRING IT ON!!!
As for your boyfriend - Still waiting for Barrow to call
Hugs and kissess XXX|
|nathand: Just checked the Namakwa website hoping to get some details on the Storm Mountains dispute which is hanging over their flagship Kao project as per the recent RNS.
No mention at all and I suppose it would be naive to think that they would publicise the event outside of the bare minimum legal requirements (i.e. notification of potential price sensitive events - for that read share price slump).
Whilst on there though I had to laugh at the investor relations pages at this time with particular reference to the 'Current' share price stated : 43p!
Somewhat economical with the truth there or should I say, totally inaccurate.
Courtesy of http://www.namakwadiamonds.com/investorshareinfo.html at this time:
Share Price Information
Current: 0.43 Bid Price: 0.39
Change: -0.75 High: 0.40
Change(%): -1.86 Low: 0.39
Open: 0.40 Fifty two week high: 0.65
Close: 0.40 Fifty two week low: 0.33|
Namakwa Diamonds share price data is direct from the London Stock Exchange