Looking at Dominion diamounds, petra diamounds, and lucara diamounds, gemd is the only one with revenue that is higher than their market capital which is a very attractive fundamental to a company looking for acquisitions, having said that the offer for Dominion is below the net asset value of the company, so times must be hard in the diamound market at present.
When they doubled the number of shares in circulation around 2008/9 I eventually sold out of GEMD realising a big hit several years later. I have managed to claw some back, riding the upswings, but eventually gave up on them when it became apparent that Graff was being very passive with his holding and no material added value for shareholders would be forthcoming. Just having a quick look at their website it would appear that their multichannel marketing strategy could be open to some abuse… Read More
Its good to hear from someone else who is prepared to speak out about the mis management of this company. Many times I have wondered why this company is so undervalued compared with asset value and earnings, And the answer is that in the city it is well known to be a company that is being heavily Milked,The reason nothing has been done about this in the past is partly because speaking for major shareholders it is such a small company its gone under the radar as to speak,And the other reason is… Read More
Thanks for the link Gemdealer,it was very interesting and somewhat worrying! You would think now their backs are against the wall they will have to get their act together.I am on a big loss anyway so likely to see if it picks up a bit before 'taking my medicine'.Wish I had sold before the results now.This has certainly not been a good investment for a long time.We just need a few of those elusive 'big ones' to jump this up a bit.GLA
Over the years polishedprices.com have provided some very insightful comments on the behaviour of management of Gem Diamonds. The most recent one, issued after the 2106 FY results were issues reveal some very interesting hearsay info on market feedback, mining activity and management remuneration, so well worth a read.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.