Share Name Share Symbol Market Type Share ISIN Share Description
Diamondcorp LSE:DCP London Ordinary Share GB00B183ZC46 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.05 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.41 -0.64 10
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.05 GBX

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Diamondcorp (DCP) Top Chat Posts

markfrankie: They have raised £1 million. Dcp share suspension was around the 2p mark. @4p, Exercisable @1p at an average of 2.5p placing Management were a little uninformed about possibility of floods, they must have proved they can now manage the potentially good asset to someone
iicb: So much for dividend yields of 3%, confusion on why the share price was much lower than peers - both stated previously by our leaders.I think we f8cking know why now Paul! GET IT SORTED
mesquida: This afternoon's share price action looks a little perverse to me as I thought that the short term loan package was none too onerous in the circumstances. Presumably some punters were looking for a bid announcement, and clearly also David Gasken's 4 million share sale will have had some effect (assuming that it was executed after the announcement). Suspect that price will rally tomorrow.
ged5: Looking across the boards it appears there are two distinct viewpoints. I would have liked to have seen more constructive comments for the apologists who could only muster:- Oh deary me these things happen in mining or You have different opinions to me so sell On the second point:- Are you qualified to give advice? Why would anyone take advice from an anonymous stranger? When you openly admit to failures are you expecting us to learn from your mistakes? If so could you please be more constructive. Looking at the trades yesterday there were 600k more sells than buys. Did that really warrant a near 17% drop in the share price? There was also a buy of 225K reported this morning. For those who believe in the potential of this company maybe the unjustifiable mark down is an opportunity. Good luck to all whatever your viewpoint.
tiger60: There is absolutely no goodwill factored in to the share price and at this stage when we are in production it is a staggering judgement on the events of the last year or so.
iicb: Full of dreamers but reality has striked them down. Had a feeling it wasn't the end of the cash calls when the price dived again. Loudon needs to wake up and realise the damage he's doing to his own credibility. He's way off target currently based on what's hes stated previously. Don't think the share price will survive another of these, nor the investors. A year now of disappointments, very unimpressive.
ged5: Good find wisecat2 "Panmure Gordon has a "buy" recommendation on DiamondCorp, with a target price of 15.7p. Analyst Kieron Hodgson said in a February note that the share price could appreciate on regular sales and growth in production tonnages. "Despite our caution for diamond pricing in early 2016, we believe DiamondCorp remains a special situation as the company ramps up output to commercial status." Hubbard says DiamondCorp’s market capitalisation of about R650m is less than the R750m it cost to build Lace. Once debt is settled the indicated dividend is 3p-4p, suggesting an "astonishing" 46%-61% yield on the current price. He says other factors in DiamondCorp’s favour are that management has delivered on its promises (which is not always the case with junior miners), that it has sound black empowerment partners in Shanduka Resources and Sphere Investments and that there is potential for corporate activity. The mine has been de-risked, is about to become cash-generative and is delivering high quality diamonds, but this is not reflected in the share price. hxxp://
jaf1948: iiCB, Whilst your comment is valid, it conflates two different but related issues - the share price and the company. We are all here to make money, that is a given. Those who are here for the long term are more interested in the progress of the company - if the company is on a firm footing and moving in the right direction, then that is what we are looking for. The share price will in time reflect the company's success. If you have a shorter time scale, the daily, monthly and even annual fluctuations are of course of more concern. So yes, the share price has been a 'massive let down' over the past year but the company has continued to make progress (albeit too slowly) over that time which is why I am relaxed.
jaf1948: I totally agree. The stock market usually prices a share based on the company's likely projection over the next 6 months to a year and on that basis, DCP has all the building blocks in place for a large rise. However it seems to be priced on the previous 12 months when there were delays and the inevitable placings. I read the whole of today's RNS with special interest in the two long letters by the Chairman and the CEO. They went into great detail explaining what happened in 2015 and seemed to hide nothing. This gave me a warm feeling that if there were anything amiss at the moment, they would be forthright with the bad news. But on the contrary, there has been no bad news recently just a fall in share price. If it were really explained as Panmure hinted that the market was afraid of another placing to cover cash-flow, it wouldn't justify a 20% drop. As I have said before, I have held these for 5 years. I see nothing that is going to prevent DCP from being profitable. I had hoped that 2015 would be the year but it didn't happen - 2016 should be the breakthrough year and if, perchance, another delay occurs then I have no problem waiting for 2017. IMO, DCP is about as good as it gets on AIM.
apadgham90: Hi Tiger60, Which regards to your convertible bonds query, the company has two separate convertible bonds, both of which expire in December 2018. The bondholders have the choice to converts these bonds into either shares or receive cash to the value of these shares at that date. As there is a potential cash element that DCP must pay out, the company must recognise this is a financial derivative. As DCP's share price rises, its liability to these investors increases (as the cash payout grows). That £1.8m loss thus was as a result of the share price increasing from 4.8p at 31/12/2013 to 7.4p at 31/12/2014. Note thus this will create a similar charge in the current year books given the increase in share price. Those investors have got themselves a pretty good deal. On a positive note however, this is not a cash charge and so it won't eat into current cash levels. By the time these do expire, DCP should (we hope) be in a very strong cash generative position, and so shouldn't have too much of an issue paying off these amounts.
Diamondcorp share price data is direct from the London Stock Exchange
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