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GEM Gemfields Group Limited

7.75
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gemfields Group Limited LSE:GEM London Ordinary Share GG00BG0KTL52 ORD USD0.00001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 7.75 33,562 08:00:24
Bid Price Offer Price High Price Low Price Open Price
7.50 8.00 7.75 7.75 7.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 262.02M USD -10.09M USD -0.0083 -9.34 94.78M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:13:27 O 506 7.90 GBX

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Date Time Title Posts
12/12/202417:48Gemfields Resources1,876
06/9/202214:43The future couldn`t look any brighter for Gemfields.-
10/10/201603:31Buying a stock like Gemfields(LSE: GEM) could be a shrewd move.110
21/10/201307:46Gemfields Resources Plc AIM:GEM162
06/7/201113:52Pele Mountain Resources14

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Gemfields (GEM) Top Chat Posts

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Posted at 15/12/2024 08:20 by Gemfields Daily Update
Gemfields Group Limited is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker GEM. The last closing price for Gemfields was 7.75p.
Gemfields currently has 1,222,918,104 shares in issue. The market capitalisation of Gemfields is £94,776,153.
Gemfields has a price to earnings ratio (PE ratio) of -9.34.
This morning GEM shares opened at 7.75p
Posted at 10/12/2024 14:45 by justiceforthemany
Investor presentation has only tanked the share price even more!
Posted at 25/11/2024 13:57 by justiceforthemany
I remember. It was about 18-19p actually. Board's decision to waste their cash hoard on 'growth' has halved the share price! Well done bar stewards.
Posted at 25/11/2024 11:10 by teacup
Saracen Remember just over a year ago when Gem was twice Greatland Gold at 15p. You bet me Gem would double to 30p and Greatland was a waste of money. I will remind you again when the Greatland price passes GEM Saracen in the next few weeks.
Posted at 25/10/2024 13:02 by gill17
Potentially, the Chancellor could remove the exemption from inheritance tax for Aim listed shares. It's certainly why I hold them. I wonder if this is causing the price weakness here?
Posted at 24/10/2024 15:11 by justiceforthemany
Large mismatch vs JSE price.
11p!
Posted at 22/7/2024 17:07 by saracen3
Overhang from option exercise Hope the new Chairman cares about the share price unlike the others.
Posted at 12/4/2024 13:09 by saracen3
Selling in Joburg seems to have dried up. Crazy cheap but no-one wants AIM small

cap or a share quoted in Rand.

The Management dont give the impression of caring about the share price.

No-one took wage cuts in last rotten year. CEO is one of the highest paid on AIM.
Posted at 17/11/2023 09:20 by teacup
I put my trades out there to be shot down. Me investing here after being negative for so long is not something I do lightly. I even had psychological wager with Saracen that GGP would perform better than GEM over the year from July. At that time the GGP share price was half of GEM. As we stand GGP is 11.1p so GEM would need to be 22.2p to match it.

All that being said I think GEM was a good bet after buying in at 13.5p.

Sincero you aren’t an investor but prefer your child games.

Onwards and upwards from here for GEM. My plan is to be here for quite a while and build on my initial investment. So you are aware I tried to buy 60000, 50000 and 40000 and Interactive Investor would not give me a live price until 30000. I only take a live price as the price would have been higher than 13.5p otherwise.
Posted at 03/11/2023 21:44 by livingstone20
On digging around I was interested to find this on what Assore itself did in 2020. I sense something is going on! ‘Tight shareholding structure’ para has some parallels. Thoughts? It’s quite complex to understand how all the large shareholders relate to each other but less than 20 per cent with smaller shareholders.

10 Mar, 2020

Assore looks to buy out minority shareholders, delist from Johannesburg exchange

Author Fabian Diego Miguel III de la Paz
Theme Metals
Assore Ltd. said March 9 that it intends to make an offer to buy out minority shareholders in the company and delist its shares from the Johannesburg Stock Exchange.

The company has been listed in Johannesburg since 1950 and is involved in mining iron ore, manganese and chrome ores along with other industrial metals and manganese alloys.

Subject to shareholder approvals, Assore would pay minority shareholders that are collectively holding an approximately 17.4% stake in the company 320 South African rand per share, using Assore's available internal cash resources. The buyback is expected to cost the company about 7.8 billion rand.

Assore's assets include a 50% stake in Assmang Pty. Ltd., a 31% stake in IronRidge Resources Ltd., and full ownership in the Dwarsrivier chrome mine and Wonderstone Ltd.

Assmang owns a 54.4% stake in Sakura Ferroalloys SDN BHD, a manganese alloy producer in Malaysia.

Assore said the per-share price represents an 80% premium to the closing price on the last trading day prior to the announcement, a 51% premium to the 30-day volume-weighted average price, and a 36% premium to the 60-day volume-weighted average price.

Assore is majority-owned by Sacco family-controlled Oresteel Investments Pty. Ltd. with a 52.4% stake; black economic empowerment shareholders own a 26.1% stake, and various members of the Sacco family own a 4.1% stake, altogether accounting for 82.6% of the company's shares.

The tight shareholding structure, combined with low share liquidity, led to Assore's majority owners and board reaching a consensus to delist the company as its listing in Johannesburg provided little benefit to its strategic shareholders.

The implementation of the offer needs to occur by May 7, after the company secures all necessary approvals or waivers, including from shareholders and South African regulatory authorities.

Minority shareholders controlling about 9.37% of the company agreed to accept the offer. A general shareholder meeting is scheduled on or around April 16.

If the deal closes successfully, the stakes held by Oresteel, the black economic empowerment shareholders and the Sacco family in Assore will be increased pro rata to 63.4%, 31.6% and 5%, respectively, miningmx reported March 9.
Posted at 08/1/2023 17:33 by saracen3
Add some sparkle with emeralds
Gold is a unique asset, prized for its lustre, beauty and value.
Coloured gemstones are rather different, but also in demand. Rising prices and growing awareness are good news for Gemfields, which owns the largest ruby and emerald mines in the world, as well as the luxury Fabergé brand.
The company has a tangled history. Listed on the stock market until 2017, the group was taken private by a specialised investment firm, leaving many ordinary shareholders feeling disgruntled and short-changed.
Gemfields relisted in February 2020, just before Covid-19 virtually closed the market for coloured gems.
The shares have rebounded from pandemic-induced lows, the price is 18.5p and chief executive Sean Gilbertson is optimistic.
The son of mining veteran Brian Gilbertson, Sean has mining in his blood. And he is keen to make a mark.

+4

Luxury: Ruby and emerald miner Gemfields also owns the Fabergé brand, which is famous for its decorative eggs
Gemfields owns an emerald mine in Zambia and a ruby mine in Mozambique, but it sells rough stones at auction too. Four emerald auctions delivered record revenues of $149 million (£125million) in 2022, a 62 per cent increase over 2021. Three ruby auctions generated record revenues too – $167million, compared with $147million the previous year.
The Fabergé business helps put coloured gems front of mind among wealthy consumers and a 007 Fabergé egg is expected this year, commemorating 60 years of James Bond films. Gemfields has not been helped by civil unrest in Mozambique, which put expansion plans there on hold.
Nonetheless, its balance sheet is strong and Gilbertson is a dividend enthusiast, with 2.6p expected for this year, putting the stock on an extraordinary yield of almost 14 per cent. Brokers forecast a payment of at least 2p for the current year, rising to 2.4p in 2024, making Gemfields one of the very few firms offering inflation-busting income.
Traded on: AIM Ticker: GEM Contact: gemfields.com or 020 7518 3400.
MIDAS VERDICT: With a volatile history and an uncertain future, Gemfields is not for the cautious.
But adventurous investors – or those with a penchant for precious stones – may fancy a punt at 18.5p. And the fat dividend adds extra sparkle.
Gemfields share price data is direct from the London Stock Exchange

Gemfields Frequently Asked Questions (FAQ)

What is the current Gemfields share price?
The current share price of Gemfields is 7.75p.
How many Gemfields shares are in issue?
Gemfields has 1,222,918,104 shares in issue.
What is the market cap of Gemfields?
The market capitalisation of Gemfields is GBP 94.78 M.
What is the 1 year trading range for Gemfields share price?
Gemfields has traded in the range of 7.75p to 13.60p during the past year.
What is the PE ratio of Gemfields?
The price to earnings ratio of Gemfields is -9.34.
What is the cash to sales ratio of Gemfields?
The cash to sales ratio of Gemfields is 0.36.
What is the reporting currency for Gemfields?
Gemfields reports financial results in USD.
What is the latest annual turnover for Gemfields?
The latest annual turnover of Gemfields is USD 262.02M.
What is the latest annual profit for Gemfields?
The latest annual profit of Gemfields is USD -10.09M.
What is the registered address of Gemfields?
The registered address for Gemfields is PO BOX 186, ROYAL CHAMBERS, ST JULIAN’S AVENUE, GUERNSEY, GY1 4HP.
What is the Gemfields website address?
The website address for Gemfields is www.gemfieldsgroup.com.
Which industry sector does Gemfields operate in?
Gemfields operates in the FINANCE SERVICES sector.

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