Gemfields Share Discussion Threads

[justiceforthemany] 14/9/2023 08:13

They are well below their share buy back price now!

[saracen3] 14/9/2023 08:04

Exclude the write down of the non core platinum then earnings are $1.9c = 1.2p.

Will try to speak to the company later.

[justiceforthemany] 14/9/2023 07:56

Saracen what happened to the EPS? Are they with holding sales or spending a lot more on security?

[saracen3] 13/9/2023 19:04

The mine has been producing fewer higher quality stones so what has been mined will be sold in the spring.

Result of current auction on Monday should show continuing strength of coloured gemstones despite weak diamond markets

Rubies are 2x emerald sales and profit and the deferred auction represents only about 9% of annual sales.

7p cash in the bank so any mark down in the shares should be limited

[saracen3] 05/9/2023 11:35

Commercial emerald auction results due on 18th September and interims and

dividend/return of cash news is 22nd September.

[ntv] 03/9/2023 10:51

I would much rather a 10% yield or less and they use the cash for investment or a share buyback

[justiceforthemany] 31/8/2023 17:20

Chunky buys today but share price stuck around 15p
Dividend yield around 15% if 2.2p full year

[saracen3] 30/8/2023 19:15

Diamond prices still falling due to Russian dumping into India, the increasing supply of artificial diamonds, and worries about the Chinese consumer. Some may feel the company may hold back on dividend due to cost of second washplant.
My view is that the remaining auctions of the year will demonstrate that coloured gemstone demand is as strong as ever and Gemfields wants to return cash to shareholders but still looking for opportunities in Madagascar after the forthcoming elections,the recent arrest of officials working in their favour.

[saracen3] 30/8/2023 17:31

That is what is expected.

[justiceforthemany] 30/8/2023 17:02

Half year results in September, interim dividend of 1.3c?

[saracen3] 27/8/2023 11:13

One day the Management will admit that the shares need to be quoted on an international exchange to attract new buyers and to avoid more damage from the weak Rand.
Absurdly cheap but Management do not do enough to promote the company.
Expecting strong interim and dividend next month and a reasonable emerald auction.

[justiceforthemany] 18/8/2023 11:37

Yes markets are not in a good place but for this to be in the 14's again is poor.

[caiman47] 17/8/2023 09:49

Last year was an odd one with 1H earnings of 4.1c and 2H of 1.7c making 5.8c in total. 2H was hit by lower revenues (but in line with trend) combined with the fuel price spike.

Gem sales revenue for 1H23 came in better than 2H22 and fuel prices have been falling.

[justiceforthemany] 16/8/2023 16:35

Volume has spiked but done no favours to the share price
Last year earnings were 6c which would put p/e around 3; what are EPS estimates for this year anyone?

[justiceforthemany] 15/8/2023 16:16

Weakening rand hurting this for some reason even though no relevance at all.

[justiceforthemany] 14/8/2023 22:17

This should not be affected by a downturn, even a recession Already at a super low p/e of 4.

[davethehorse] 14/8/2023 13:13

China dragging everything down

[saracen3] 14/8/2023 12:06

Positive for Gemfields. The last CEO always said that Madagascar has the most potential but is the most corrupt so refused to deal with them.

Having now exposed corruption it should help to open the doors whilst enhancing their reputation in what is a pretty dirty industry, blood diamonds for example

[fft] 14/8/2023 11:54

More details in the national crime agency report. Be interesting to see if there is any reaction from France with a French national being implicated. https://www.nationalcrimeagency.gov.uk/news/madagascan-president-s-chief-of-staff-charged-with-bribery

[fft] 14/8/2023 11:50

Madagascar, as I recall, was only a gem prospect with nothing ever invested or agreed ?If so, then I suspect we won't be doing business there until the govt changes, but it will show other potential partners that gemfields is an honest company. Whether that is a good or bad thing when dealing with southern Africa in a different matter !

[saracen3] 14/8/2023 11:44

Shows their honesty in reporting it.

[lyceeuk] 14/8/2023 11:38

news about alleged bribe attempt

[saracen3] 08/8/2023 15:26

The second wash plant will significantly increase earnings from 2025

[fft] 08/8/2023 15:08

Liberum (house broker) don't see any problem with the dividend.They have 2023 of 2.2p. 2024 of 2.3p and 2025 of 2.5p.They have a low point for net cash in 2025 of $44m before rising again rapidly.