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Share Price: 12.75

Bid: 12.50

Ask: 13.00

Change: 0.00 (0.00%)

Spread: 0.50 (4.00%)

Open: 12.75

High: 12.75

Low: 12.75

Prev. Close: 12.75

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IN BRIEF: Gemfields completes USD10 million share buyback programme

Mon, 23rd Oct 2023 10:14

Gemfields Group Ltd - gemstones producer in Mozambique and Zambia and owner of luxury brand Faberge - Completes USD10 million share buyback programme on Friday, having purchased 58.4 million shares in total at an average price of ZAR3.17 per share. This represents 4.8% of total shares prior to the start of the buyback and is worth ZAR185.4 million in total, about USD9.7 million. Gemfields now holds 55.7 million shares in treasury, and all of these will be cancelled.

Current stock price in Johannesburg: ZAR3.15

12-month change: down 4.0%

Current stock price in London: 13.30 pence

12-month change: down 13%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

More News

9 May 2014 08:44

Friday broker round-up UPDATE

Advanced Medical Solutions: Numis ups target price from 105p to 121p and retains its hold recommendation. Arrow Global: Numis upgrades from add to buy with a target price of 285p. Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p. Barclays: Citi lowers target price f

6 May 2014 15:32

Gemfields boosts revenue from emerald auctions

Coloured gemstone miner and trader Gemfields has increased revenues from its emerald auctions by more than half, paving the way for more expansion. Gemfields said it increased gross revenue from its second stand-alone auction of traded rough emeralds in Jaipur, India, by 59% to $13.5m, compared to

6 May 2014 10:23

Gemfields Reports Good Revenue From May Auction

LONDON (Alliance News) - Gemfields PLC Tuesday said revenues from its most recent auction of high quality emeralds stood at USD13.5 million, compared with USD8.5 million it recorded at an auction in September 2013. The rare coloured gemstones mining company said the emeralds sold at the Jai

2 May 2014 12:29

CORRECT: Gemfields Sees "Sound" Quarter On Healthy Gemstone Market

LONDON (Alliance News) - Gemfields PLC said Friday that it has seen a "sound" quarter to end March, buoyed by a healthy underlying market for gemstone and ongoing increase in global demand for emeralds and other coloured gemstones. Its 75% owned Kagem Mining Ltd company in Zambia produced 3

2 May 2014 12:04

Gemfields Sees "Sound" Quarter Buoyed By Health Gemstone Market

2 May 2014 09:14

UK BROKER RATINGS: Bernstein Raises AstraZeneca Target To Pfizer Bid

LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning:
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FTSE 100
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BERENBERG RAISES ASTRAZENECA PRICE TARGET TO 3775 (3570) PENCE - 'HOLD'
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BERNSTEIN RAISES ASTRAZENECA PRICE

2 May 2014 07:19

UPDATE 1-Gemfields quarterly production, grades fall

(Adds outlook, analyst comment, background) May 2 (Reuters) - Precious stones miner Gemfields Plc reported a sharp fall in third-quarter production as high unseasonal rainfall in Zambia hurt output from its core Kagem mine. Production fell about 45 percent to 3.6 million carats of em

2 May 2014 06:29

Emerald miner Gemfields third-quarter production falls

May 2 (Reuters) - Precious stones miner Gemfields Plc reported a sharp fall in third-quarter production as unseasonably high rainfall in Zambia hurt output from its core Kagem mine. Production fell about 45 percent to 3.6 million carats of emerald and bery for the quarter ended March 31.Read more

17 Apr 2014 09:15

Gemfields Gets USD15 Million Working Capital Facility

LONDON (Alliance News) - Gemfields PLC Thursday said it has agreed to a USD15 million unsecured, 12 month working capital facility with Pallinghurst Resources Ltd. The rare coloured gemstones mining company, with operations in Zambia and 100% ownership of Faberge Limited, said the facility

16 Apr 2014 08:44

Wednesday broker round-up UPDATE

Afren: Investec cuts target price from 200p to 195p and stays with its buy recommendation. Alexander Mining: Northland lowers target price from 8.1p to 6.1 and maintains a buy recommendation. Capita Group: JP Morgan ups target price from 1261p to 1279p and maintains an overweight rating. Central

8 Apr 2014 10:31

STOCKS NEWS EUROPE-UK small caps slide lower

The FTSE Small Cap Index is down by 0.5 percent while the junior-listed FTSE AIM All Share Index retreats by 1.1 percent, broadly tracking a 0.8 percent drop on the blue-chip index while the mid-caps fall by 1.4 percent. Pharmaceuticals and biotech company Vernalis slips by 2.4 percent to

8 Apr 2014 09:18

Tuesday broker round-up UPDATE

API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai

19 Mar 2014 09:00

Wednesday broker round-up UPDATE

Afren: Canaccord Genuity lowers target price from 185p to 180p and stays with its buy recommendation. Antofagasta: Westhouse Securities reduces target price from 1060p to 985p staying with its buy recommendation. Credit Suisse downgrades from neutral to underperform with a target price of 750p. JP

10 Mar 2014 08:43

Monday broker round-up UPDATE

African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit

4 Mar 2014 10:10

UK BROKER RATINGS: Panmure Raises Devro And SDL To Buy

LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:
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FTSE 100
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UBS CUTS PEARSON PRICE TARGET TO 1,200 (1,400) PENCE - 'BUY'
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SOCGEN CUTS PEARSON PRICE TARGET TO 1030 (12

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IN BRIEF: Gemfields completes USD10 million share buyback programme

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