Share Name Share Symbol Market Type Share ISIN Share Description
Gem Diamonds Di 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
  -0.20p -0.22% 89.60p 89.00p 90.00p 90.00p 89.40p 90.00p 9,467 11:18:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 153.7 -100.5 -93.0 - 124.20

Gem Diamonds Di (GEMD) Latest News (1)

More Gem Diamonds Di News
Gem Diamonds Di Takeover Rumours

Gem Diamonds Di (GEMD) Share Charts

1 Year Gem Diamonds Di Chart

1 Year Gem Diamonds Di Chart

1 Month Gem Diamonds Di Chart

1 Month Gem Diamonds Di Chart

Intraday Gem Diamonds Di Chart

Intraday Gem Diamonds Di Chart

Gem Diamonds Di (GEMD) Discussions and Chat

Gem Diamonds Di Forums and Chat

Date Time Title Posts
15/1/201814:32Diamonds are forever1,306
31/1/201307:22Gem Diamonds - Southern African gem476

Add a New Thread

Gem Diamonds Di (GEMD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Gem Diamonds Di trades in real-time

Gem Diamonds Di (GEMD) Top Chat Posts

Gem Diamonds Di Daily Update: Gem Diamonds Di is listed in the Mining sector of the London Stock Exchange with ticker GEMD. The last closing price for Gem Diamonds Di was 89.80p.
Gem Diamonds Di has a 4 week average price of 69p and a 12 week average price of 66p.
The 1 year high share price is 124.75p while the 1 year low share price is currently 66p.
There are currently 138,620,158 shares in issue and the average daily traded volume is 347,114 shares. The market capitalisation of Gem Diamonds Di is £124,203,661.57.
eastbourne1982: Surely the share price should have gone much higher than 90p, this diamond must be worth a third of the current market cap !
haywards26: GEMD did advise last year that the stones would be smaller and lower value due to the area of mine being worked on. This year they are back into more lucrative areas....hopefully the share price will start to reflect this over the coming months.
ukgeorge: should get q3 results in a months time. hopefully that will give the share price a kick in the right direction. PDL had a great breakout last week.
undervaluedassets: The letseng stones are not subject to the supply and demand headwinds experienced by the rest of the diamond market. Due to size and clarity of letseng stones the prices continue to hold up very well and there is a stampede whenever a 100+ carat stone comes to market. Given letseng factor, recent results and very modest share price and the trend of finding more large stones thanks to project kolo I think that on risk reward basis this is not bad place to take a position here.
dazah: Increasing profits at Gem Gem Diamonds(LSE: GEMD) released full year results yesterday that were very well received by the markets. Profit for the year (2015) was US$67.4m, with earnings per share up 26% Y.O.Y to 30.2 US cents. There was another highlight in the results and that was a 5 US cents dividend and a special dividend of 3.5 US cents. Gem's CEO Clifford Elphnick commented on the results saying 'Although 2015 was a challenging year for the diamond mining industry, it is encouraging to report that the Group has delivered a strong set of operational and financial results' Gem's shares responded well yesterday and it looks like the company will deliver solid results well into the future. This scope for growth is highlighted by three broker upgrades yesterday with target prices between 181p-270p. Gem's current share price is 105p.
eastbourne1982: Very solid results making the share price look strikingly cheap.
eastbourne1982: Bought back in today at under 97p and under 98p. Balance sheet is good, why would they need a placing ?? Doesn't make sense to me, to be honest I couldn't care less about a dividend, I'd rather they put that cash in the bank. With regards to a new broker, perhaps they consider the share price to be undervalued and wanted some extra hands on deck, who knows ??
dazah: Well if all is rosy then why a third broker and why a collapse in the share price? Feels very much like HOC the difference here is that diamond prices are generally going down and silver for HOC has gone up.
eastbourne1982: If Gem Diamonds locate a big diamond the share price could really shoot up given the healthy balance sheet and low valuation, despite the tough market conditions these should really be trading above £1.50, I'll continue to accumulate around the £1 mark. I'm holding both Gem and Petra as I feel there could be returns of 50 - 100% on offer within the next 12 - 24 months.
undervaluedassets: I fully expect the IMS to be pretty horrid... Partly cos every statement coming out of South africa from every miner has been iffy lately and partly cos of China.. Because of China the pricing environment for rough diamonds is awful and the company will be pulling in It's horns even more than when they last announced and spreading capex over a longer time frame. Long term that changes nothing. This company is all about a well run unique mine (Letseng) whose future is assured due to its peerless stones. Ellendale is another matter and (I would guess - from the noises the company has been making) will close soon. But this is about the long term and long term this is about Letseng. Project Kholo will double production in future years and that will be transformational. Lansdowne partners agree and after continuous accumulation over many years now hold 13% of the Equity.(see RNS's). Investors can either take the short term view and sell (probably to Lansdowne who love buying cheap stock off silly PI's) Or take the long and hold for the turnaround in the market for rough stones (which always comes - see long term diamond graph below) and get rich. The current GEMD share price is a nonsense that has the company priced for bust! This is simply wrong. There will never be another Letseng. It is the unique Jewellery box on the planet due the to size and calibre of it's product. Investors have become fixated on the shorterm and have lost sight of the quality of the underlying asset
Gem Diamonds Di share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20180119 11:44:46