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Very few trades and No real News this would seem to.be heading sub 10 pence.
Same pattern as 8th and 30th followed by rns. Take over offer very soon now.
Looks like an order to fill here. Watch your stop losses.
I think this is great news for investors. They’ve acquired over 25%, removed the unpopular exec, added an Assore figurehead. Patrick will, in my opinion, look at Gem carefully, go through accounts with a fine tooth comb, visit sites. Then decide is worth going beyond 22.5 p to 25.0 p to purchase the remaining part of the company. Very good strategy and win win.
Hi ericeric, Google finance. Search Gemf and it gives you 4 options. Ftse, SA, Fra and US (yesterday these were up 27%) but I’m not sure how they work. I think they are linked to SA and allow US investors to purchase at a premium.
Up 10% in SA with over 8 million traded. Could be bought very soon.
@bladerunneruk,many thanks.I was not actually intending to sell,but because the price / value in my account has not changed all day ( unlike all other shares ) …I thought I would put in a sell just as a check.
ATB
GLA
If you are trying to sell a relatively large amount (£20k) of a share like this there are a couple of options. 1. A trade plan, 2. Sell in smaller chunks, such as £5k. If you are struggling to sell £5k I would see that as a fault with your broker HL. Contact them and tell them you want to sell. An RNS has just been released showing Assore (unfortunate name) now hold over 26%. I would have confidence in their research and that they are willing to pay about 17p a share. However, please do your own research and don’t just listen to individuals like myself.
Anyone here tried to sell these today?Im slightly concerned as I put a sell in and was told,unable to sell as no live price…..however my account with HL will let me buy more.
It now held nearly 149 million shares in Gemfields. In terms of UK takeover rules, a mandatory offer would have to be made for Gemfields if Assore breached the 30% threshold.
https://www.miningmx.com/news/markets/47570-assore-takes-investment-in-gemfields-to-r477m-after-buying-further-lot-of-shares/
I’m a secondary school physics teacher. The internet has changed my job enormously. I can use online resources in my lessons etc. The internet has drastically changed the stock market. In addition to online trading, the average punter has access to a similar amount of information that previously was only available to this ‘in the know’. Overnight I’m knowledgeable about Wiese. In the past this would have worried me. I would also have been ‘spooked’ by the latest interim report regarding the term ‘ongoing concern’. Thank heavens for the internet. I can make a properly informed decision. This is, in my opinion, as safe a bet as you can get. On Monday, I’m buying more Gemfields shares. Onwards and upwards……
Interested to see if Wiese starts selling his 13 odd percent now. We’ll have a fair idea on who will be buying.
Just read all 70 pages of interim report available https://www.gemfieldsgroup.com/reports_and_presentations/interim-report-30-june-2021/
Very clear communication and risk aware. Covid-19 has the potential to reduce operations and they have planned for all foreseeable eventualities. Assore will be very familiar with the operations and will have considered carefully there purchase price of about 16p for nearly 13% of the company. This has takeover written all over it, especially with the announcement of our non-exec leaving.
This is great news. My personal opinion is that this will sell soon for above 25p and I think this board change is a step in the right direction.
@bladerunneruk,many thanks for the tip once more.
ATB
GLA
Revenue up 548%, operating profit up 161%, net profit 141%
Up over 9% in South Africa with volume of over 3 million.
Hi Fairy1, thanks for the post. I genuinely think this has a lot of potential. Fingers crossed.
@bladerunneruk,thanks again for mentioning Gemfields on one of our other mutual boards.
GLA
Up 13% in SA today.
Great set of results.
I am not as knowledgeable about this company as others and also please take the following comments as my opinion, not advice. If you are new to investing, my first comment would be don’t put in more than you can afford to lose. There are also lots of people who post on these chat forums deliberately intending to mislead people.
This company has several mines. They are involved in rubies, emeralds, gold, platinum but mainly the gemstones. They also own Faberge. They trade shares on the London Stock Exchange and in Johannesburg.
The price of gemstones has been increasing. This could be due to people having more disposable cash as holidays have not been happening like they usually do. Recently 5% of the company was purchased at 50% above the market price by a mining company. You would have to come to your own conclusions about why this happened.
Gemfields will announce some financial results on 23rd September.
I hope this is an accurate and unbiased summary but please do check for yourself before investing in a company. Good luck, I hope you’re successful and enjoy researching.
Whats the crack here, whens the big money coming in? I'll admit Im new to trading just put in a few hundred quid to this one hoping to see wherre it goes