Gemfields Share Discussion Threads

[saracen3] 12/6/2022 09:12

The 2nd washplant that will double Ruby production will cost abt $60m which they already have in cash and will pay for itself in about a year. Rubies represent about 65% of sales as they are much rarer and more expensive than emeralds.

So even without booming gemstone prices Gemfields will grow fast.

[saracen3] 12/6/2022 02:46

The JSE insist that a maiden dividend is described as special. Having met the company they assured me that they do plan to pay regular dividends in future, returning excess cash to shareholders. I would therefore expect an interim and final dividend plus a payment when their share of Sedibole Platinum is floated later this year, returning as much as 4p per share. The only capex planned is a new wash plant that will double Ruby production.

[saracen3] 12/6/2022 02:37

The JSE insist that a maiden dividend is described as special. Having met the company they assured me that they do plan to pay regular dividends in future, returning excess cash to shareholders. I would therefore expect an interim and final dividend plus a payment when their share of Sedibole Platinum is floated later this year, returning as much as 4p per share. The only capex planned is a new wash plant that will double Ruby production.

[divmad] 11/6/2022 23:05

Why was the 1.7p dividend paid recently in respect of the 2021FY, declared as a Special dividend? Does that mean there is no assurance it will be maintained going forward? Is there some company bye law that sets out a maximum allowable dividend, based on some parameter such as fcf, or a % of unallocated cash?

[saracen3] 11/6/2022 22:34

Not if you buy London registered stock. Will confirm tomorrow.

[divmad] 11/6/2022 19:18

Is the Gem dividend subject to withholding tax for a UK resident investor?

[saracen3] 09/6/2022 14:15

Shares up 6% in S Africa ahead of ruby auction result next week.

[saracen3] 09/6/2022 09:45

Gemfields starting to move up ahead of next Thursday ruby auction.

Nearly 18p bid in S Africa.

[saracen3] 07/6/2022 19:44

Ruby auction result on 17th June and a bullish AGM statement one week later. Increased dividend also likely on top of 8% yield. BUY.

[saracen3] 07/6/2022 19:42

Myanmar is now on Sanctions list so Ruby buyers have to go to Gemfields to get quality and quantity

[saracen3] 06/6/2022 15:44

Seller cleared in S AFRICA . Will be in the 20s after Ruby auction result in 11 days.

[saracen3] 01/6/2022 12:11

Second largest holder increases stake to over 10%.

[saracen3] 27/5/2022 10:38

Liberum note. Ruby auction result on 17th June,

Gemfields* (BUY, TP 34p from 33p) – Records on records (7 pgs)
Gemfields has reported another record set of auction results, this time for its high quality
emerald goods. Sales of $43.3m beat our estimate of $30.8m, lifting FY EBITDA by 8%. Similar to the
commercial quality auction in March, the indicators are pointing to a tight market despite the drop in
consumer outlook: better pricing, more companies placing bids, 100% of good sold. Stock remains
mispriced and expect it to double over the next twelve months.

[gill17] 27/5/2022 09:19

Great results Saracen, thank you for all the information flows. It's lovely to have a board which isn't over-run with idiots and negative comments.

[saracen3] 27/5/2022 07:55

Liberum raises target to 34p, over 100% upside.

[saracen3] 27/5/2022 07:41

Record revenues, record prices should lead to upgrades.

Next months ruby auction will be even stronger as luxury goods group will

no longer buy from oppressive Myanmar regeem.

[saracen3] 24/5/2022 09:34

Emerald auction results on Thursday, ruby auction next month.

Re-rate coming.

[saracen3] 18/5/2022 08:08

Strong diamond sales by De Beers is good news ahead of next week`s emerald auction and ruby auction a month later.

[saracen3] 13/5/2022 20:13

Thank you for reminding me to post

[saracen3] 13/5/2022 19:55

Half the fall is xd dividend. Emerald auction result on Thursday 26th May should lead to re-rating. Then rubies a month on. Looks like 26% holder has been picking up more stock, maybe a bid coming.

[chickbait] 13/5/2022 18:43

Market Summary
>
Gemfields Group Ltd
15.60 GBX
-2.90 (-15.68%)past month
13 May, 16:32 BST • Disclaimer

[chickbait] 08/5/2022 12:39

Is synthetic ruby valuable?
They are identical in their chemical composition, but lab-created rubies are less expensive than natural ones and unlike natural rubies, they are not flawed.

[chickbait] 08/5/2022 12:38

Are synthetic gems cheaper?
Image result for are synthetic gems a good investment
Synthetic diamonds are cheaper than mined diamonds by about 20 to 40 percent on average. Man-made gems share the same physical and chemical properties as natural diamonds.

[chickbait] 08/5/2022 12:35

Do gems go up in value?
As a rule, gems increase in value at the rate of inflation. This means you should assume that a bad deal today will be a bad deal in 3 weeks or 3 years when you eventually sell.