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GEMD Gem Diamonds Limited

9.00
-0.03 (-0.33%)
Last Updated: 13:45:26
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.03 -0.33% 9.00 8.80 9.06 9.00 8.40 8.60 105,628 13:45:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 188.94M 10.18M 0.0737 1.22 12.42M
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 9.03p. Over the last year, Gem Diamonds shares have traded in a share price range of 8.40p to 28.20p.

Gem Diamonds currently has 138,032,000 shares in issue. The market capitalisation of Gem Diamonds is £12.42 million. Gem Diamonds has a price to earnings ratio (PE ratio) of 1.22.

Gem Diamonds Share Discussion Threads

Showing 1576 to 1597 of 3775 messages
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DateSubjectAuthorDiscuss
12/4/2016
15:48
Up c.40% in the past month. I see Petra Diamonds have announced they will be providing a trading update on April 26th.
alan@bj
12/4/2016
13:54
booooooooooooooooooooooooooooooooooooom 140p

wooooooooooooop wooooooooooooooooooop

:)

had to take some profits, if they drop back to 130p I'll buy them back, still got a fair few for me

ukgeorge
12/4/2016
07:53
AAL/De Beers update today should help sentiment
martincc
11/4/2016
15:37
Can never be sure. But I think it's highly likely. In fact, I think we are already seeing the beginning. That will only compound the gains for the reasons you state.
andysand
11/4/2016
15:30
I am not sure about that Andy.

What I am sure of is that the diamond mining sector has been sold off (down more than 80% since 2008) and ignored for such an extended period that we have ended up with some very anomalous pricing.

Everyone has sold without any regard to the ratios or fundamentals (you don't look at the financials and ratios when you are selling). This indiscriminate selling off of the sector has resulted in GEMD with the weakest valuation of the diamond miners .

The valuation now is in my opinion a once in a life time opportunity. Why ? Because the company is financially sound and because GEMD has been profitable for 7 out of the last 8 years (It has even grown profits over the last 3 years)

As for a precious stones boom I do not know Andy. What I do know is that Letseng is unique in throwing up the most valuable large type2 pure white diamonds on the planet with enough irregular regularity (if you get my drift) to keep the world's billionaires queuing up to pay top dollar regardless of whatever the rest of the diamond market is doing.

It is a very unique hole in the ground

undervaluedassets
11/4/2016
15:19
There is more to this than just this particular company I think. I suspect a precious metal/stones boom is imminent.
andysand
11/4/2016
08:30
Alrosa contemplating diamond ETF. Alrosa (ALRS RX) began consultations with brokers on exchange-trading in precious stones. A joint project with the Moscow stock exchange may start with investment-grade diamonds in a deliverable futures format. Alrosa also plans to launch unilateral auctions on one of the Russian stock exchanges for the sale of rough diamonds and technical stones. Source: Kommersant and SNL

Investec view: We consider this to be a very good move by Alrosa as it may generate further demand for diamonds and will possibly monetise some of the stockpiles that have built up in recent times. Diamond prices may have turned the corner, as evidenced by De Beers latest sight where prices reportedly strengthened 2%, we look toward Anglo announcing the results of the sight shortly.

ukgeorge
08/4/2016
14:28
I will be very happy with 140p in by June.

Obviously the sooner the better though (:

ukgeorge
08/4/2016
13:28
I am surprised at how slow this is at re-rating. It still seems to be flying well under the radar. I have a price target of 250p which I think is absolutely realistic. I think it will get there eventually. Even if it goes at 1% per day!
andysand
07/4/2016
21:35
PDL is the epic code for the company called Petra Diamonds.
mikkydhu
07/4/2016
21:24
Hi undervalueessetWould you explain what is PDL?How to check in real?
p_dharmendra
07/4/2016
17:17
the yield is a bit more because of the special dividend :)
ukgeorge
07/4/2016
15:30
Dont need to shout. The value speaks for itself.

pe of 4 yield of 3

Appropriate valuation would be 3/4 of the PE of PDL.

some way to go . .

undervaluedassets
07/4/2016
10:21
are we off, come on GEMD

Time for a +10p day

ukgeorge
07/4/2016
08:28
WeeM . . . Good luck with that..
undervaluedassets
07/4/2016
06:34
Would not mind a little retracement so that I can get my hands on a few more at a nicer price. . .

Here's hoping. .

weemonkey
06/4/2016
15:57
closed above the 200 mda, lets hope it can hold above for a few days. Last time it just bounced of it. Maybe just maybe the downtrend will get broken
ukgeorge
05/4/2016
14:02
Not really, but does look ready to breakout. 200mda is at 116.8p
ukgeorge
05/4/2016
13:39
larger volume than usual . .
undervaluedassets
05/4/2016
13:03
Salpara you might regret that!
dazah
05/4/2016
08:22
Well I have sold my stake that I bought just after the results so pretty much b/e.
salpara111
04/4/2016
15:17
better price needed
tomatoma2
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