Gem Diamonds Share Discussion Threads

[salpara111] 09/4/2015 13:18

Well, if they want they can have all my shares for 250p !
Like watching paint dry...can't bring myself to add to what has been a pretty awful investment but equally I still cling to the hope that this is going to be their year when things finally come together.
I am inclined to extend my 1 month holding limit till their next update and if that does not really ignite the share price I will leave.

[aishah] 09/4/2015 13:14

Liberium reiterate BUY and 250p target

[airwalk1971] 01/4/2015 12:46

Even all of todays buys can't seem to lift the share price

[haywards26] 31/3/2015 13:06

Just added another batch to my holding :)

[salpara111] 31/3/2015 12:58

Personally I consider most broker targets to be meaningless.
Right now I would be delighted if I could exit the stock for 180p!
I have waited far too long for a return from this and if there really is a large seller in the background it should clear within my 1 month target.
Personally I reckon that fair value is between 220-240p based on Petra Diamonds metric but that could be a lot higher or lower depending on what sort of average prices they get from Botswana which is the great unknown at present.
For me the clock is ticking so I am ever hopeful!

[mapmagic] 31/3/2015 11:16

Wow! That's some increase! Thanks AISHAH :)

[aishah] 31/3/2015 10:44

Panmure reiterate BUY - target price upped to 332p from 256p

[deanowls] 26/3/2015 02:10

Yup seems 1.40 is the lowest they'll take for them, shouldn't be long now.

[aishah] 25/3/2015 12:07

I'll be accumulating while Capital offloads. Probably won't get a look in at a decent price when the hangover is gone. Nothing wrong with business progress here. dyor

[salpara111] 25/3/2015 11:56

Well, I am going to give it another month and if there has not been a substantial improvement in the share price I will exit.

[alan@bj] 24/3/2015 18:24

It could simply be strategic I suppose, or perhaps like many of us, they're disappointed at the return on their investment.

[salpara111] 24/3/2015 17:07

I have no idea how long Capital Group have held their shares but it does seem rather odd that they would choose to offload when the share price is near its all time low but each to their own.
Sadly now they are below 3% they dont have to declare any disposals so we have no idea whether they intend to dispose of their remaining holding but I guess the share price over the next week or so should give an indication.

[alan@bj] 24/3/2015 08:37

Surely the fall in the share price reflects Capital Group's reduction of its holding?

[melody9999] 23/3/2015 14:24

The share price has been walked down for no good reason if you are a medium to long term investor. I continue to hold.

[aishah] 23/3/2015 09:36

CitiGroup has 195p target.

[molatovkid] 23/3/2015 09:31

And I'm one of them - just bought some....

[airwalk1971] 20/3/2015 13:59

Looks like the market is starting to take notice.

[dr_ex] 19/3/2015 11:32

looks like the price might have been bought down to fill that 2m trade?

[aishah] 19/3/2015 09:13

CitiGroup Reiterate BUY today and 195p target.

[rufio90210] 19/3/2015 08:19

Shares magazine clear up some misunderstanding in todays issue. Article below.

aFTER AN INITIAL rise on full-year results
(17 Mar), sellers weighed down share in Gem Diamonds (GEMD) after the market misunderstood data on goods sold
from its newly-opened Ghaghoo mine in Botswana. As we flagged in 12 March
Play of the Week article, the sale of 10,000-odd carats announced in the full-
year results doesn’t give an accurate picture of the true selling price potential for Ghaghoo material. These stones were only recovered from development work in setting up the mine infrastructure, not from the core orebody. We’ll get a more accurate picture from the 30,000 to 40,000 carats to be sold at the next auction in June. The $210 per carat from February’s auction is 20% below the previous year’s mine valuation, but Gem says the reduction is in line with the broader market sell-off
during the same period. We remain bullish about Gem’s prospects given the high quality stones recovered from
its Letseng mine in Lesotho. The miner reckons diamond prices will start to

improve in the second half of 2015. Despite the Ghaghoo disappointment, full-year results exceeded expectation at the earnings level and
size of maiden dividend declared. The board has approved a new mine plan which will increase the value of Letseng; it also says lower oil prices are starting to benefit its cost base.
ShareS SaYS:q
We share the bullish consensus view. (

[cestnous] 18/3/2015 11:31

Ditto Salpara

[salpara111] 18/3/2015 11:26

Well the IC and Shares Mag are both saying buy and every broker target is well north of current share price
I have to confess that I am genuinely surprised by the negative share price reaction yesterday and that is why I am continuing to hold.

[cestnous] 18/3/2015 09:45

Snippet from I.C. today

Gem Diamonds (GEMD) enjoyed a 27 per cent uplift in revenues and a 35 per cent rise in underlying cash earnings to $104m for the year to December. The company enjoyed high prices for its diamonds during the year of $2,540 a carat and has successfully advanced its second mine close to commercial production which should see a step change in group production this year. We keep our buy rating.

[aishah] 18/3/2015 08:48

JP Morgan OVERWIEGHT
CitiGroup BUY - 195p target