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Share Name Share Symbol Market Type Share ISIN Share Description
Firestone Diamonds Plc 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
  0.00 0.0% 0.20 0.15 0.25 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 45.1 -39.8 -6.5 - 1

Firestone Diamonds Share Discussion Threads

Showing 14576 to 14599 of 14850 messages
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DateSubjectAuthorDiscuss
23/8/2019
11:01
I hear all of that, and totally recognise the risks here. Its just an option punt for me, and as you rightly say, any diamond miner still in business for when and if it turns around, will be well set for decent gains.
jack jebb
23/8/2019
09:25
22nd August Polished inventory levels starting to decline as manufacturers cut production and rough buying. Small Aug. sight as De Beers lets sightholders reject 50% of goods. Alrosa slashes 2019 sales forecast from 38M cts. to 33M cts. after 2Q revenue -21% to $859M, profit -47% to $200M. Weak China demand and tight profit margins still a concern. Buyers very selective during downturn. Strong jewelry sales at Macy’s and J.C. Penney highlight discounting and promotional retail environment. Belgian, Indian and Israeli trade bodies call to postpone Hong Kong show. Ian Rowe replaces Dorothée Gizenga as executive director of Diamond Development Initiative. Sean Kell appointed Blue Nile CEO. Fancies: Fancy shapes soft, reflecting slowdown in overall demand. 3 to 8 ct., I-K, VS-SI1 moving better than rounds as dealers and consumers shift to lower price points. Well-known brands are paying highest prices, as are buyers with specific requests. Ovals for fashion jewelry moving well, especially 1.50 and 2 ct., G-H, VS and H-K, SI2. Marquises and Princesses weak despite reduced manufacturing. US sustaining market for commercial-quality, medium-priced fancies under 1 ct. Chinese consumers seeking fancy shapes at better prices. Off-make, poorly cut fancies illiquid and hard to sell, even at very deep discounts. United States: Weak polished market putting stress on suppliers. Steady demand for 1 to 2.75 ct., G-H, SI-I1 goods. Large stones above 3 ct. slow. Dealers looking for unique items, such as unusual fancy shapes, mirroring consumer requests for personalized pieces. Jewelers assessing requirements for the holiday season. Belgium: Dealers gradually returning from vacation. Trading expected to remain subdued until the beginning of September. Fewer fresh goods available, as manufacturing has declined. Rough market slow during De Beers sight week. Israel: Trading quiet with the Israel Diamond Exchange closed until August 25. Dealers concerned about upcoming Hong Kong show. India: Slight improvement, with more US and Israeli buyers looking for bargains in Mumbai. Demand has narrowed to specific categories. Overseas jewelers not yet placing large inventory orders. Stable demand for 1 ct., G-J, SI-I1 goods for US engagement ring market. Weakening rupee and stricter customs controls weighing on sentiment. Polished production reduced, with shift to lower-cost items. Hong Kong: Wholesale and retail sectors slow, although political unrest has calmed slightly. Luxury sales down 4% to 11% due to demonstrations but could slide 10% to 60% if disruptions continue to year-end, according to analysts at Cowan and Company. Low expectations for September show.Melee and parcel goods selling better than single stones. Jewelers in mainland China pushing summer promotions to boost turnover.
superg1
23/8/2019
09:22
Jack I keep a close eye on FDI. I called it a buy at 17p having been tracking PRG (warning PRG was a scam) and therefore researched the feasibility studies of the various Lesotho mines. At 55p I had FDI as a sell as much was priced in pre start of the mine and the diamond market wasn't looking that great. De Beers as you know have created this problem and various diamond related business have gone bust. I would expect in the fullness of time for the rot to clear through and then a reset of the market. If FDI are still around they will be well set for that. As in all things newcomers chase the hot sectors. Graphite hype and 50+ junior players appeared in a market where they were never going to be able to get a share of the market. Lithium same issue and it's impacting the majors now with the various companies that scrambled to produce Lithium. Diamonds have been a no no for a few years now so the scramble isn't there. FDI have developed a big mine and ran into a bad diamond market. One part of the FDI head-scratcher for me was the lack of big diamonds early on which made me sceptical about the claims of finding, but breaking big diamonds in the test mining. So FDI one to watch but based on the diamond market. FDI deserve a few big stones for all their work and hopefully some of higher valued fancy coloured ones.
superg1
19/8/2019
11:11
One could equally say the selling since it suddenly rose 30odd % is minimal.
jack jebb
19/8/2019
09:08
The buying has dried up it seems
davethehorse
16/8/2019
11:39
mdalos, I would expect a likely bidder to be Pacific Road, because they have board representation, and already hold a large chunk of the debt, so they have less to lose! I cannot see an outside bidder coming in that will want to take on the debt, can you?
andy
15/8/2019
00:33
Jack, That would not surprise me! I think many of us think FDI will be taken private.
andy
14/8/2019
23:32
What do you base that statement on? Apart from me and a couple of others, I see little recent interest in this share, and theres not much elsewhere too. Where do you think the millions of shares will come from? The recent shareholder list, after a while, showed that the 2 major shareholders havnt sold a single share. Its just as possible that the share started to rise as one of them may be preparing an opportunistic lowball bid for the whole company.
jack jebb
14/8/2019
18:34
Think there are potentially several million to be dumped on the market unless it goes up further in the next few days, they were ramped up for shortermers IMO
davethehorse
14/8/2019
11:16
Not sure there's anything to talk about, is there?
jack jebb
14/8/2019
09:08
Looks like the newly arrived have now moved on, at least the share price is steady.
andy
12/8/2019
21:35
there it is 1.5m sell, got a decent price for it 1.31
sigora
12/8/2019
16:22
must be a big sell in background , with all these buys you would expect a wee rise
sigora
12/8/2019
15:28
Added a few today, not too much, but this appears to have bottomed chart and volume wise.
thedickster
12/8/2019
15:23
jack, Yes I meant 162 million it was a typo. Thanks.
andy
12/8/2019
11:37
a tick up soon with all the buys
sigora
12/8/2019
10:53
Superg Good post, and of course there's a reason this has collapsed. All your points are known knowns, as someone once said. With the biggest diamond mine closing down next year, I expect some investors will look to take advantage of rock bottom prices for other diamond miners, especially those in locations where the cost of employment is extremely low. This is obviously a risky investment, but I think worth a small punt with money you can afford to lose at these levels.
jack jebb
12/8/2019
09:24
161.4mln, according to the FDI website, unchanged.
jack jebb
12/8/2019
08:47
Jack, Many thanks for the clarification, I didn't think Pacific Road would have sold without notification, but couldn't understand where their shares had gone. So they still hold 162 million.
andy
12/8/2019
01:40
The confusion arises as you have to click on each shareholder for a more detailed split of how the shares are allocated. eg:Hargreaves Lansdown 13.216m is split 11.150m in their client accounts, and 2.067 in their share plan accounts. Similarly, Interactive Investor have 4.621m in their client accounts, and 3.424m in their share plan accounts.
jack jebb
12/8/2019
01:34
Hmmm. Further investigation of the bloomberg list reveals this: 4. M Pacific Road Capital Management Pty R 19,823,116 3.51 0 07/25/19 5. P Pacific Road Capital Management Pt R 141,602,949 25.04 0 07/25/19 ie Pacific seemingly havnt sold a single share. Well thats me totally confused.
jack jebb
11/8/2019
22:05
Andy yes, I would say Pacific Road have sold most of their holding and are the main reason the share price has collapsed here. In fact, given the volume spike last week, I wouldnt be surprised if they are completely out now.
jack jebb
11/8/2019
22:02
Syperg, LOL! I agree entirely, and thanks for adding in those facts about the current diamond market. I spoke to FDI management in January and they were disappointed with the prevailing diamond prices at that time I see a recession coming, so hard to see how that could be positive for diamond prices, even if Argyle does close on time.
andy
11/8/2019
20:39
ANDY I've tracked this one from 17p calling it a buy but then. sell in the 50's as it had pretty much hit it's value pre mining, but the key point being diamond prices and the market reports when it was in the 50's I saw the rises here and looked to see if it's anything in news. In news all I see is poor diamond prices and a big jump in waste ore being treated in the next phase which has been reflected in a jump in the costs per tonne forecast. So the numbers are going to get worse for now. The key if course is the diamond market as a whole. So for now it looks like stock a bit tight and a pump crew arrived (as you suggest). EG Alrosa Sales Hit Lowest Level on Record . Alrosa’s July sales slumped to their lowest point in three years, as weakness in the rough market continued to impact demand. The Russian miner’s total sales slid 50% to $170.5 million for the month, it reported Friday. Rough-diamond sales, which account for the bulk of the company’s revenue, dropped 51% to $164.6 million. So the fundamental side isn't pretty at all, costs to go up and it's a worsening market. Don't let the truth get in the way of a good pump and dump though.
superg1
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