Share Name Share Symbol Market Type Share ISIN Share Description
Firestone LSE:FDI London Ordinary Share GB00BKX59Y86 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.75p 4.50p 5.00p 4.75p 4.75p 4.75p 127,449 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -99.9 -28.4 - 24.21

Firestone Share Discussion Threads

Showing 13851 to 13869 of 13875 messages
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DateSubjectAuthorDiscuss
24/9/2018
19:01
Such destruction of shareholders funds takes some doing But FDI seemed to have pulled it off in spades note Not Diamonds
buywell3
24/9/2018
18:40
Nope... but definitely a "HOLD" with potential to "BUY" in the future.
mdalos1
23/9/2018
23:20
mdalos, If it does drop to 3p, and you really believe, surely that would be a good thing so you could load up at that low price? The sell off doesn't look good though, does it?
andy
23/9/2018
14:22
So anybody taking notice of the above is going to assist a drop to 3p.... afterwhich the MCAP can only go in one direction based on actual Revenues since fully operational... expect it will be a BUY once it plateau's... and any consistent production of Fancies will drive things back up. HOLD !!!
mdalos1
22/9/2018
00:58
Dave, Many thanks, and now synthetic diamonds are such good quality I'm not surprised people are buying them, they offer so much better value for money, and the casual observer cannot tell they weren't mined. De Beers have run a brilliant marketing campaign, but maybe people are finally waking up?
andy
21/9/2018
22:28
Real diamonds losing their sparkle among millennials, claims BerenbergShare 11:34 20 Sep 2018A survey of 2,000 millennial women found that synthetic diamonds are becoming increasingly popular among the younger generation, who don't care to spend hundreds of pounds of real diamonds?Berenberg is "relatively cautious" on diamonds miners, particularly those which don't produce bigger stonesBerenberg thinks diamonds are losing their sparkle among the younger generation, with millennials instead preferring cheaper synthetic diamonds.The revelation came as the venerable German investment bank kicked off its coverage of four companies in the sector with two 'sell' recommendations, one 'hold' and one 'buy'.Synthetic diamonds increasingly popularAnalysts noted that the supply glut is gradually reducing although they still expect supply to well outstrip demand until 2022.Perhaps the biggest worry for the diamond miners is that millennials seemingly aren't bothered about forking out hundreds of pounds for real diamonds when they could get synthetic ones for a fraction of the price."While there is still a market for natural diamonds, particularly in growth markets such as India and China, millennial women are open to synthetic diamonds, with price a key consideration," read the note to clients."We think that synthetic diamond demand in lower price point items will continue to grow and cannibalise demand for natural diamonds (we calculate US$3.7bn by 2030E); this is likely to impact smaller diamond demand and prices, we think, and this is not helped by a flood of new smalls inventory onto the market."Lucara and Firestone get 'sell' ratingsReflecting the "relatively cautious" stance on the sector, Berenberg has gone against consensus to kick off its coverage of Canada-listed Lucara Diamond Corp with a 'sell' recommendation.The analysts reckon the market has been "blinkered" by the recovery of two very large stones which were sold in 2016 and 2017. Take these out of the equation, they argue, and consensus revenues look too high.Berenberg's other 'sell' rating is reserved Firestone Diamonds PLC (LON:FDI), which it notes produces a lot of small diamonds, "relative losers versus larger stones". Its target of 3p is some way short of yesterday's 5.1p closing price.More upbeat on Petra and Gem DiamondsThe bank is slightly more upbeat in its outlook for Petra Diamonds Limited (LON:PDL), which it has a 'hold' with a price target of 40p."We do not dispute that Petra offers relatively attractive valuation here and an improving story – we are even believers of the long-awaited FCF inflection," said the analysts."But for now, we think that the market is not yet convinced by operational progress, and would prefer to wait for management to deliver a couple of solid quarters and show the progression of reducing net debt."There is room for one 'buy' recommendation though, and that is reserved for Gem Diamonds PLC (LON:GEMD), which analysts reckon could go as high as 140p.They said they liked the stock because of its "self-help story, large stone exposure and attractive valuation".
davethehorse
21/9/2018
22:03
Prob reason for yesterday's price drop issued on ThursdayFirestone Diamonds: Berenberg reiterates sell with a target price of 3p.
davethehorse
20/9/2018
23:49
VArrirob, Wow, you are the staunchest supporter too! They say buy when the last bull sells, are we there now I wonder? It's darkest before the dawn.............
andy
20/9/2018
13:55
An new low on the way. Not great at all. Even I am starting to loose faith.
varrirob
19/9/2018
17:21
So we get an update on the 29th? Do hope it's positive.
astjgroom
14/9/2018
08:57
mdalos, LOL! :-) Maybe it's because of our average age? :-)
andy
13/9/2018
21:13
Yes, congratulations from me also.
andy
13/9/2018
18:09
Congratulations on your engagement.
tanelorn
12/9/2018
22:48
I just got engaged n bought a diamond, I don't think I would have ever considered a lab diamond, now would I in the future. But that just me, I suppose there is a market for everything nowadays. Let's hope we find some larger carats in the ground. soon.
astjgroom
12/9/2018
18:38
Yes Andy held and followed FDI over 10 years ago and was surprised to find the share price so low. Seems a good time to take an interest again and will look forward to hearing how the 2nd half has been in Dec
davethehorse
12/9/2018
17:01
dave, Is this an all time low? it looks like it on the chart, it's so hard to tell re entry point but the price has been more or less stable recently, so you may have chosen a good time.
andy
12/9/2018
12:21
Just added a few at just over 5p hoping this is a good entry price.
davethehorse
12/9/2018
08:36
Some interesting comment on "synthetics"! https://wolfstreet.com/2018/09/11/is-diamond-demand-crumbling/
andy
11/9/2018
21:44
astj, When you think about it it's all clever marketing by De Beers, remember "a diamond is for life"? They don't want stones coming back onto the market, so they advertise in a way that makes people keep old rings. It's the same with synthetic when you really think about it, if the stone looks good on the finger, does it really matter if it was manufactured in a lab ten minutes ago, or somewhere down in the mantle a few hundred million years ago? I'm amazed they haven't caught on yet, the average person could not tell the difference, but they could have larger and nicer stones on their finger!
andy
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