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GEMD Gem Diamonds Limited

10.60
0.55 (5.47%)
27 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gem Diamonds Limited LSE:GEMD London Ordinary Share VGG379591065 ORD USD0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.55 5.47% 10.60 313,759 16:35:16
Bid Price Offer Price High Price Low Price Open Price
10.25 10.95 10.00 9.62 10.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels USD 140.29M USD -2.13M USD -0.0152 -6.58 14.04M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:58:53 O 1,500 10.3199 GBX

Gem Diamonds (GEMD) Latest News

Gem Diamonds (GEMD) Discussions and Chat

Gem Diamonds Forums and Chat

Date Time Title Posts
23/12/202414:49Diamonds are forever3,626
29/10/202011:46mucking around - GEMD-
01/9/202006:35Gem Diamonds - Southern African gem477

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Gem Diamonds (GEMD) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Gem Diamonds (GEMD) Top Chat Posts

Top Posts
Posted at 29/12/2024 08:20 by Gem Diamonds Daily Update
Gem Diamonds Limited is listed in the Misc Nonmtl Minrls, Ex Fuels sector of the London Stock Exchange with ticker GEMD. The last closing price for Gem Diamonds was 10.05p.
Gem Diamonds currently has 139,690,000 shares in issue. The market capitalisation of Gem Diamonds is £13,969,000.
Gem Diamonds has a price to earnings ratio (PE ratio) of -6.58.
This morning GEMD shares opened at 10p
Posted at 09/12/2024 13:07 by swinsco
Thanks mts. Sustainable are selling down at whatever price they can and add that to very little share price volume, it's clear this will take a long time to clear. Apart from a few hourly spikes from traders playing with it, it just isn't worth watching the price drop lower and lower. Sustainable are must be annoyed with Clifford and the remuneration as shown in the voting rights RNS. GLA hope it bouncers for you all!
Posted at 03/12/2024 16:54 by dcroston
Dth,

I don't know.....I thought you said it was a pump and dump?

Okay, joking aside....

Sustainable have sold a few % and they may reduce further. Why are they selling at these prices? No idea, that's anyone's guess. They'll have their reasons I'm sure....perhaps somebody could email them and ask them?

Here's what I'm interested in.

Does the share price reflect the value? I don't think so....would anyone think this was overvalued if the share price was 20p+? I don't think so.

What's going to drive the share price upwards? Results, and the constraints that drive those results.

Diamond prices aren't going in the right direction presently, but that's offset a bit by currency movement.

The directors may still pull a rabbit out of the hat year end? Share buyback, maybe? Not counting on it though.

I am reassured by the progress I'm seeing and with a little luck the companies fortunes may look a bit brighter next year.....Jam tomorrow as Mtt said.
Posted at 29/11/2024 13:18 by swinsco
A lowly share price, their share biggest holder selling and a plan to announced next week on their plans.. the plot thickens. Experience says this is not going to end well for the PI, but I live in hope! Fingers, toes, arms and legs crossed.
Posted at 29/11/2024 08:41 by mindthestash
Investor presentation
Should be interesting
Friday, 29 November 2024



Gem Diamonds Limited

Investor update



Gem Diamonds Limited (LSE: GEMD) ("Gem Diamonds", the "Company" or the "Group") Investor Update



The Company will host an investor update presentation focused on the outlook for 2025 via live audio webcast on Tuesday, 3 December 2024 at 9:30 GMT. Please use the following link to register for the presentation:

hxxps://gemdiamonds.zoom.us/webinar/register/.



Company website: www.gemdiamonds.com



The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67



FOR FURTHER INFORMATION:

Gem Diamonds Limited

Kiki Constantopoulos, Company Secretary

ir@gemdiamonds.com



Celicourt Communications

Mark Antelme / Felicity Winkles

Tel: +44 (0) 207 777 6424
Posted at 25/9/2024 09:37 by bobex
This company was undervalued 2 years ago ( and before). In RNS regarding Share Buyback Programme, CEO Elphick said: " We are of the view that the value of GD is not reflected in its current share price..." That current share price was about 60p at that time. So today perhaps a more appreciate term ought to be used in this regard, maybe knocked out or something like that… This is a value trap, especially if you think of all those stones before the g o o d results, share price reaching over 15p or so for a couple of hours, millions of shares being traded ... and where are we now? But maybe one day something changes here.
Posted at 11/9/2024 18:27 by dcroston
MTT,

As I've said, pure speculation on my part.

I asked the question via investor relations and a didn't get a clear definitive answer, the reply was a bit vague.....Just a feeling.

Probably completely barking up the wrong tree....but why do directors not see present value in the current share price?

I recognise the diamond market is struggling but even so, even in this weak market the share price should be approaching 20p+ by now. No one would quibble at that based on company fundamentals.

Okay, so Sustainable have sold down from 21.36% to 16.53 which is depressing the share price, and have not sold anything significant since. Why? It seems odd.

Something doesn't feel quite right to me.

I feel sorry for shareholders that have seen the share price destroyed and are cynical about management's ability to provide shareholder value.

I'm hoping for a recovery in the SP, and waiting for some clarity around Q3.

The only real silver lining is the regular recovery of high value large stones, and I expect that to continue.
Posted at 13/8/2024 09:31 by boonkoh
I've done the maths and think H1 was a 6.5p EPS for just the half year. Which is nuts given the current 13p share price And don't forget two large stones not sold in HY, cost recognised in H1, all profit in H2.Even a more pessimistic calculation for H2, I get 3.4p EPS for H2. Annualised, 6.8p, and at 3x PE minimum that's a 20p share price, minimum, it should trade, even in bear case scenario.
Posted at 07/8/2024 13:07 by dcroston
Does any other diamond mining company find as many big stones as Gem Diamonds?

One week to go until an update, should be interesting I think.

GEMD certainly in a much better position than if they hadn't found all those large stones that according to some on here they wouldn't be able to do.

Not a single outage from Escrom either.

Question is, when will the share price reflect the results?

Yes, I know the diamond market isn't in the best shape but GEMD are doing rather well and the share price has yet to reflect this.

Oh, well....roll on next week for the update.

One more big stone would be very nice too before results, perhaps a fancy red or blue one....you never know.
Posted at 29/7/2022 12:08 by davethehorse
Can't believe the GEMD share price hasn't kicked on much considering the markets generally have picked up, maybe next week, and run up to the H1 update which will likely be extremely positive. GLA holders.
Posted at 22/4/2022 14:57 by swinsco
Gemd share price holding up better than PDL today, so I guess buy backs going on today.
Gem Diamonds share price data is direct from the London Stock Exchange

Gem Diamonds Frequently Asked Questions (FAQ)

What is the current Gem Diamonds share price?
The current share price of Gem Diamonds is 10.60p
How many Gem Diamonds shares are in issue?
Gem Diamonds has 139,690,000 shares in issue
What is the market cap of Gem Diamonds?
The market capitalisation of Gem Diamonds is GBP 14.04M
What is the 1 year trading range for Gem Diamonds share price?
Gem Diamonds has traded in the range of 7.96p to 15.70p during the past year
What is the PE ratio of Gem Diamonds?
The price to earnings ratio of Gem Diamonds is -6.58
What is the cash to sales ratio of Gem Diamonds?
The cash to sales ratio of Gem Diamonds is 0.1
What is the reporting currency for Gem Diamonds?
Gem Diamonds reports financial results in USD
What is the latest annual turnover for Gem Diamonds?
The latest annual turnover of Gem Diamonds is USD 140.29M
What is the latest annual profit for Gem Diamonds?
The latest annual profit of Gem Diamonds is USD -2.13M
What is the registered address of Gem Diamonds?
The registered address for Gem Diamonds is 2ND FLOOR, COASTAL BUILDING, WICKHAMS CAY II, ROAD TOWN, BRITISH VIRGIN ISLANDS, PO BOX 2221
What is the Gem Diamonds website address?
The website address for Gem Diamonds is www.gemdiamonds.com
Which industry sector does Gem Diamonds operate in?
Gem Diamonds operates in the MISC NONMTL MINRLS, EX FUELS sector