The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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You look at JP Morgan Cazenove's prediction of 44p as Incorrect? How strange seeing as the SP has hit 44p and yes admittedly exceeded it however it still makes their prediction correct no? How many times have FinnCap's target figures been hit since 21st May 2015? .....Like i told you ZERO..........I repeat ZERO So you can twist brokers predictions all you like by saying they are only for guidance however If we said which broker has been correct you would have to concede that JP Morgan Cazenove have been correct at lease twice during this period and ericeric's continual STUPID posting of ridiculous other broker recommendations make no sense at all CONSIDERING NOT OF THEM HAVE BEEN CORRECT!!!!
Please do remember your admired broker target 44 P have been incorrect and in my view no body is exactly right or wrong with respect to time scale, i.e. Some time it takes long or vice versa to reach the target. Just study the company balance sheet, it's operations and annual accounts and make your mind. Broker's views should be only guidance
from our resident ericeric. FinnCap have made 13 recommendations for GEM since 21st May 2015 alone, they range from 81p - 1546p (yes still shows on LSE website so in my mind is correct) How many times have they been correct? .................ZERO, say no more.
high 50s/low 60s close friday.
But if last quarter's production of 6.7 million carats of rubies was to be replicated then the new target of 20 million carats per year could be soon reached. No wonder great efforts are being made to increase demand. Vital that the extra supply doesn't lower prices obtained. Faberge at long last appears to be making substantial progress.
Thanks, Yes I have bought some after examining the results, let us see where it takes us. Nobody is correct as stockbrokers conflict each other all the time I suppose!
You may be new to this stock but our resident expert (JOKE) was busy tipping this donkey at 66p so many people have him to thank for that and will still be hoping for further rises here just to claw their money back. He also tipped SOLGOLD to go broke at under 2p ............GUESS WHAT? Its now at 14p ......he may be a guru to you but not to me and that's a fact!
Ericeric: Do not bother about Gazza because you have discovered a real gem "Gemfields"
ericeric,.......... better performance over on SOLG, closed your short over there buddy we've not seen you around, egg on face / embarrassment maybe? I fully understand.
Consistent automatic buy trades. Anticipation of good results week on Monday. Higher profile of Gemfields supplied gems in high end jewelers' jewellery. Increasing profile of Faberge with new lines, advertising increase and increasing outlets. Chance that Faberge might trade in the black, helping the bottom line. Sales in dollars helping against a weaker pound.
for the big uplift today?
Strengthening all the time. Better lines better advertising.
Ericeric, did you rebuy into SOLGOLD? If so you would have enjoyed the 10 fold increase like many of us have since you predicted the company would go bust?
You have been predicting an upturn for a few years now, look where GEM are now. Your opinions are of little to no value on this BB, nobody takes notice of what you say on here.
Infact one broker did get it right ............they had to DOWNGRADE to be correct though: 04-Jul-16 JP Morgan Cazenove Neutral 70.00 40.00 Downgrade Well done to JP Morgan Cazenove at least they don't live in fantasy land unlike some of the brokers that tip this stock up, some respect must be given to them, I suspect they will DOWNGRADE again very soon.
Post recommended, you stated as I keep saying...........NONE OF THE BROKERS HAVE GOT IT RIGHT YET! If this drops down to 20p i will have a gamble for sure and a gamble it will be.
I've been watching this share for over a year now. I bought at 48p, sold at 50p, and now Gemfields have managed to grow the share price all the way down to 38.5p. Interestingly the broker forecasts 1 year ago average 65p. None of the brokers got it right, and what we see with GEM is a falling knife. It might, just might, be worth getting in at around 20p.
Investors are worried about the conflict in moz and the political position in Colombia
Many thanks Cactus - hopefully they produce some good results.
From 1st August market update. Predominantly commercial quality emeralds Sept Jaipur, higher quality rough emeralds November Singapore. Mixed quality rubies end of December in Singapore.
Are there any auctions coming up?
Hi all, As ericeric has correctly stated Panmure Gordon have raised their target for GEM to 61p from 57p. Lets take a look at Panmure's tipping record with GEMFIELDS, shall we; They have since March 2014 made 6 predictions ranging from 186p (eric will state this was an error lol) down to August 2016 at 61p fact, now how many times have their predictions been correct which is a very important piece of information? You guess correctly ZERO, fact.........In fact 98% of these broker predictions are never reached as I'm sure GEM shareholders are very well aware of.
Reiteration - JP Morgan downgrades from NEUTRAL to DOWNGRADE. A massive comedown IMHO however as much as 40p is more realistic it is still way too high. Time will show.
This one may have been posted already, but then again I doubt it as it was a little bit downbeat towards the GEM SP. 04-Jul-16 JP Morgan Cazenove Neutral 70.00 40.00 Downgrade A far more realistic view from a broker that has at least got close to its prediction.
ericeric, okay so now you add more Info to make your figures more believable by stating NET GEARING. BELOW ARE BOTH THE NET AND GROSS GEARING FIGURES as of 8th AUGUST 2016. Net Gearing 29.84 Gross Gearing 35.83 Even on NET GEARING figures you are 5% WRONG!! Will you at least concede that you are wrong yet again, followed by an apology of course to the BB for misleading fellow board members, this way newbies and LTH of GEM will at least have some respect for you knowing everyone at times makes mistakes?