Share Name Share Symbol Market Type Share ISIN Share Description
Bluerock Diamonds Plc LSE:BRD London Ordinary Share GB00BKKJK954 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 58.50 2,149 01:00:00
Bid Price Offer Price High Price Low Price Open Price
55.00 62.00 58.50 58.50 58.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 4.07 -0.68 -0.21 5
Last Trade Time Trade Type Trade Size Trade Price Currency
14:07:58 O 70,562 56.00 GBX

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Date Time Title Posts
11/9/202022:53BlueRock Diamonds - Diamond Producer1,643

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Bluerock Diamonds (BRD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-25 16:15:0056.0070,56239,514.72O
2020-09-25 16:15:0056.0040,00022,400.00O
2020-09-25 13:07:5955.551,149638.27O
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Bluerock Diamonds (BRD) Top Chat Posts

Bluerock Diamonds Daily Update: Bluerock Diamonds Plc is listed in the Mining sector of the London Stock Exchange with ticker BRD. The last closing price for Bluerock Diamonds was 58.50p.
Bluerock Diamonds Plc has a 4 week average price of 42.50p and a 12 week average price of 32.50p.
The 1 year high share price is 149.50p while the 1 year low share price is currently 32.50p.
There are currently 9,064,722 shares in issue and the average daily traded volume is 76,557 shares. The market capitalisation of Bluerock Diamonds Plc is £5,302,862.37.
tim000: BRD IPOd exactly 6 yrs and 9 months ago today, at a price now equivalent to £35! The IPO shareholders might have to wait a little longer to show a profit, I'm not expecting the share price to reach that today.
tim000: I reduced my holding in early 2020 but am now rebuilding it again. When negativity pervades a decent company, that's usually a signal to start buying. My guess is that the diamond market is going to tighten considerably over the next year or so. The imminent closure of Australia's Argyl mine, and the perilous financial position of many other producers (which at the very least is going to stop investment in new capacity), will support prices for quality miners like BRD. On a medium term view, I think BRD should do well, bearing in mind its share price is now back to all-time lows, in spite of the vast improvement in performance and management over the past year.
fatgreek: out....I like this bit...."Through the accumulation of geological data with the higher mining volumes and understanding of realcosts the Resource expected to increase materially – pipe foot print larger and economic depth greater than originally assumed."Possibly a re rating of the share price once the new resource is upgraded? "Increase materially".....
tim000: November auction takes place starting 18th, with a possible RNS on Friday 22nd if there are any large stones sold. O/T For anyone who's interested in share tips, GLR has similarities to BRD, but its share price recovery has yet to begin. (GLR mines zinc and other metals.) Personally, I think its upside is just as great as BRD's was from circa 50p, if not greater. But it might require one last equity raise. I've suggested to the Directors that they consider a similar arrangement with Teichmann that BRD has, though no doubt they have their own ideas. GLR has a good man leading the operation, he was in London yesterday presenting on JLP, another company well worth investing in.
tim000: smb, you'll be aware that the spread is large and the share price is volatile. But if by temperament you're a longish-term investor, then I would thoroughly recommend adding to your existing holding. I'm not sure the share price will get any weaker than this. I'm not aware of any other LSE listed company that has a mkt cap this low and yet is (a) profitable, (b) has no debt (the CLNs are interest free and will be converted into shares idc), (c) a substantial resource that will last at least a decade, implying a decade of profits barring unforeseen shocks, and (d) tangible prospects of expansion into new projects.
fillipe: BRD a true winner for me. I've topped up again today - as I only see the share price remaining on an upward trend. One only has to look at the share price progress since as recently as the end of August this year. Yes, there are bound to be some sellers, as 50/55p holders from earlier this years do still exist (to which I can attest) but the future will steadily see suchlike diminish and with improving results ahead BRD has a good sparkle about itself. f
tim000: I hadn't researched Firestone Diamonds (FDI) until today. FDI is a very much larger operation than BRD, operating from Lesotho. Its H1 results show that the company is (a) loss-making (b) heavily indebted, and (c) the producer of low-quality stones, with an average value per carat roughly one-fifth that of BRD. Not a good combination! A loss of power has closed down operations, and the resultant fall in share price means that the mkt cap (but certainly not the EV) is now less than that of BRD! The outlook for FDI shareholders looks grim. This reinforces the strong positives of BRD: a high-quality product that attracts premium prices; virtually debt-free; and a very low cost base resulting in high margins and sustained profits, even when the diamond industry as a whole is going through hard times. As producers such as the Australian Argyle mine close down, and the market tightens considerably, BRD is set to benefit from significantly higher prices in the medium term.
tim000: Nico, the Interim Results published earlier this month state that the CLNs (nominal value £925k) are convertible into 416,885 shares @ £2.219. Total diluted share capital is thus 6.0222 million. People often mention fair value at £3 per share, a view that seems reasonable. Obviously that would value the company at about £18 mn fully diluted. Note too that fully diluted, the company will receive £3.656 mn from issuing new shares and cancelling outstanding CLNs. Given it had net debt of £200k at end-June 2019, it would then have net cash of about £3.5 mn. At a share price of £3, it would have an Enterprise Value of £14.6 mn. In terms of profits, the company is currently running at a throughput of 400k tonnes pa. Assuming 5cpht and a price of $400 per carat (which allows for a steady flow of large diamonds valued at circa $8000 per carat), annual revenue is $8 mn. That should generate EBITDA of £3-4 mn pa. (Total cash costs in 2019 H1 were £1.7 mn.) Taking the mid-point of that estimate, that gives an EV/EBITDA ratio of 4 for 2020, assuming a share price of £3. That's a good summary of the company today, from an accounting perspective. But note that the company has some exceptional intangibles, in the form of its new management, the quality of the diamonds it produces, and its pivotal relationship with Teichmann. So if you're not already a shareholder, I recommend you become one!
tim000: Has anyone considered this? BRD is still working through the calcrete overburden, so doesn't really know yet what lies beneath it. But BRD believes that the size and grade of diamonds is going to increase as they mine deeper. To date, the largest diamond discovered at Kareevlei was 25 carats and sold this year for $190k. Kareevlei is near Kimberley. The largest diamond ever discovered at Kimberley was the 616 carat Kimberley Octahedral diamond, sold in 1964 for $13.8 mn! I'm not speculating that Kareevlei contains such a diamond. But there's no reason to believe that the 25 carat diamond discovered to date will be the largest - indeed, that is most unlikely. So what happens were BRD to announce suddenly the discovery of a much larger stone, worth say over $1 mn? The inevitable conclusion would be that that was by no means a one-off, and that even larger stones awaited discovery. The share price might multi-bag on opening. Given a current market cap of only £2 mn, that would be almost certain. So holding some BRD is not only sensible because the company is already cash generating and profitable (since June), but because there is an embedded option-type value to the share, with the option to sell at say 10x its current price should there be an unexpected RNS of the kind described above. How many other companies can say that? Just a very few oilers and pharma I would guess.
cf456: Agreed. Judging by the share price action, the market isn't yet convinced and is still looking at past history, rather than at future prospects. But that's where the opportunity lies - buying in early before the market cottons on to the turnaround taking place. The market cap is tiny and the free float small so it won't take much buying to drive the price significantly higher. Possible also that there are some BRD holders who have their stock tied up with SVS Securities, so they won't be able to sell until that's all sorted. That would reduce the potential supply on any move up. So any good news and the share price could move up quickly. A new management team is now in place and since they've taken over there has been a dramatic improvement in results with production, grade and carats mined all increasing. So the company's fortunes do appear to be turning around and the optimism from the management team is palpable. Also of interest is that there are a few reputable investors as holders and bought into the story. On Twitter @BigGibUK, @The_MadStork and @Belcourtoi are all holders and have all historically demonstrated themselves to be shrewd investors. @BigGibUK is Wayne Gibson and he has a 3.68% holding: hTTps://
Bluerock Diamonds share price data is direct from the London Stock Exchange
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