Gem Diamonds Share Discussion Threads

[weemonkey] 31/3/2016 08:12

POLY, ISAT, CINE, PTEC, INCH, SPD (oops .. for the moment but Mike Ashley house of commons situ is frankly storm in tea cup ), BYG, SHB, EMIS, IGG, SVS. BRWM (new)

I tend to hold for a long time (years)

DYO and all that.

[ukgeorge] 30/3/2016 16:40

What other plays do you like at the moment?

I have a load of these and petra.

[weemonkey] 30/3/2016 16:28

Overlooked . . I have been doing this a very long time . . And nothing is certain - but you do not get many opportunities like this in a lifetime of investing . .

[undervaluedassets] 30/3/2016 14:43

Made more money than Petra diamonds at recent results.

Made more money that 60% of the ftse 250 for that matter

Yet less than 1/3 of the market cap of Petra and not a FTSE 250 constituent

bonkers crazy cheap

[ukgeorge] 30/3/2016 12:41

Well let's hope someone bids for gemd then.

[weemonkey] 30/3/2016 12:15

You buy assets when they are cheap - none cheaper than here.

[weemonkey] 30/3/2016 10:21

I have bought a few more

Compound annual EPS growth rate of 34% over last 3 years.

PE of 4 yield of 3%. And the most unique and valuable stones on the planet coming from Letseng (in effect a unique franchise with diamonds worth more on average per carat than those of any other mine)

With Lawrence Graff as a patient holder (and who would know Diamonds better than Lawrence Graff?)

Very rarely have I ever owned a share with such deep value characteristics as this. And when I have they have not stayed such good value for long.

You never know but given the above downside looks very limited here. .

[ukgeorge] 30/3/2016 10:20

Jus got downgrade by bank of america

[ukgeorge] 24/3/2016 11:57

6-Mar-16 JP Morgan Cazenove Overweight 201.00 Reiteration

[funtimejonny] 23/3/2016 17:18

Here's hoping Mon ami!

[ukgeorge] 23/3/2016 12:57

bought myself a few more of these. Looks as though the downside is pretty limited and the 6p dividend is pretty good.

Should creep over the 200dma at 118p over the next week or two which will be positive.

[resourceful] 23/3/2016 09:46

who are Gem talking to in Botswana

[sannabay] 21/3/2016 12:27

Couldn't buy more than the Exchange Market Size (2,0000). Want a lot more than that!

[dazah] 21/3/2016 11:03

Even happier days...buy!

[woodpeckers] 21/3/2016 10:46

They don't actually buy the mine, they are given it by the government if they manage to convince the mining minister that they are best placed to get it into production.

[resourceful] 21/3/2016 10:17

if they do they will need cash

a discounted placing

[dazah] 21/3/2016 09:52

They will probably announce a deal to buy that other mine close to letsing happy days! Buy now folks!

[ukgeorge] 21/3/2016 09:43

I can only sell. This is with Iwebsharedealing, part of halifax.

They must be imo short of stock, maybe about to get a spike higher.

[ukgeorge] 21/3/2016 09:39

just tried too top up and can't on line, no reason given

[ukgeorge] 21/3/2016 09:29

good volume couple of daya ago, highest since april 2015. Is this finally the turning point

[ukgeorge] 18/3/2016 11:27

slowly slowly catchy......

should hopefully break the down trend in the next few weeks and maybe do some catching up on the likes of petra

[weemonkey] 17/3/2016 16:32

AAL - who are in effect Debeers - and massively lossmaking have been on a tear lately.

whilst GEMD who are profitable . .

Patience. .