Member Info for rick43

From today's very encouraging Market Update RNS Fabergé · Wholly owned Fabergé Ltd saw the value of sales orders agreed(e) during the quarter to 31 March 2015 increase by 64% when compared to the same period last year. · Operating costs for the quarter remained consistent with the same period last year. · The Fabergé Pearl Egg, the first egg created in the 'Imperial Class' since 1917 was unveiled at the Doha Jewellery & Watches Expo in Qatar in late February 2015 and was sold within hours of unveiling. Ian Harebottle, CEO of Gemfields, commented: "This quarter has once again delivered pleasing results for Gemfields. We have achieved considerable increases in production volumes at both the Kagem and Montepuez mining operations, underpinned by constant growth in market demand for these products as is evidenced by the ongoing successes achieved at our auctions, all of which validates our decision to expand the scale of the operations across our key sites. These results are further supported by the overwhelmingly positive response Fabergé has received from so many sources for its newly unveiled product lines and which was once again evidenced by a healthy increase in the number and value of sales orders placed." Also good to see that this month's ruby auction in Jaipur will include "traded rough emerald" (i.e. not obtained directly from the Company's own mining operations)

Gemfields quarterly emerald, beryl production nearly triples Tue, 14th Apr 2015 07:20 April 14 (Reuters) - Gemfields Plc's quarterly emerald and beryl production nearly tripled, driven by increased average grade of minerals mined at the Kagem mine in Zambia. Gemfields said it produced 9.9 million carats of emerald and beryl in the quarter ended March 31, compared with 3.6 million carats a year earlier. Average grade increased 79 percent to 355 carats per tonne. (Reporting by Abhiram Nandakumar in Bengaluru; Editing by Anupaam Dwivedi)

Good to see we are back up to 10p plus again after that 2 million sell at 9p which created a bit of a panic from short termers and also presumably took out stop losses. Clearly one for long term holders and seekers after fat divis! Two 250k tranches have been sold this morning at 9.75p - I assume by those OMPs - increases the liquidity nicely.

statement is what we are all waiting for. If all is above board - and I see nothing to suggest it is not in the admission statement and in recent RNSs - that divis to be announced in the Finals at the end of April will be significant in % yield terms. Current PE about 1. Divis over last 12 months, including the 5p special were 5.7p. Current sp 11p! Unlikely to see as much as 5.7p for the divis this year but their rate of cash generation is such that they could afford it (about £18m in 2014 and no debt).

As you imply g-w, patience is the name of the game here. Next significant announcement will presumably be the 2014 Finals on April 30th. That should include the all important dividend announcement. Any OMP offloading continues to be carried out in an orderly fashion. PE of about 1. Last year's yield would be have been about 45% at the current much oversold sp.

Since Feb 16th just over 9 million shares have been traded (this on the basis of a level 2 chart which will be reasonably accurate)and the sp has moved up from just under 11p to just over 12p. That looks to me as if the off loading is being carefully managed - an orderly process- and of course that there are buyers. See that last excellent pre-close trading update http://www.investegate.co.uk/jqw-plc--jqw-/rns/pre-close-trading-update/201502160700399410E/ Current P/E about 1. Divis over last 12 months, including the 5p special were 5.7p. Current sp 12p! Unlikely to see as much as 5.7p for the divis this year but their rate of cash generation is such that they could afford it (about £18m in 2014 and no debt).

Finals will be towards the end of April and HGM will go ex-dividend about a week after the finals.

See that last excellent pre-close trading update http://www.investegate.co.uk/jqw-plc--jqw-/rns/pre-close-trading-update/201502160700399410E/ Current PE about 1 !! Divis over last 12 months, including the 5p special were 5.7p. Current sp 13.5p! Unlikely to see as much as 5.7p for the divis this year but their rate of cash generation is such that they could afford it (about £18m in 2014 and no debt). We are waiting for the OMPs to stop selling as these very low share prices and for regular sizeable dividends to be paid. It will imo take a year or two for investors' confidence to build. For newbies - http://www.jqw-ir.com/archive/research/JQWUpdate_060514.pdf may be of use - it is an extensive research note from the JQW website - dated 6th May 2014

Just ticked up again - now 6.8% up this a.m. Maybe a largish delayed buy has just gone through... No sign of OMPs selling today. Beginning to look as if they really have stopped at this ridiculously low sp. If you go to Alexa ( for jqw.com) you'll see Alexa shows the website a jqw.com visitor was on prior to visiting jqw.com. For example 30% visited Baidu immediately before visiting jqw. Baidu is a very large China search and listing website.

Very good to see that there were more than 3 times as many shares "bought" as "sold" today. In recent days those buys would have been cancelled out by sells, but not today. The same was true of yesterday's action but not to the same extent. I wonder if this means that they are going to let the sp rise now.

Good to see that 100k buy at 9:18 - full ask 11.25p See that last excellent pre-close trading update hTtp://www.investegate.co.uk/jqw-plc--jqw-/rns/pre-close-trading-update/201502160700399410E/ Current P/E about 1 !! Divis over last 12 months, including the 5p special were 5.7p. Current sp 11p! Unlikely to see as much as 5.7p for the divis this year but their rate of cash generation is such that they could afford it (about £18m in 2014 and no debt). We are waiting for the OMPs to stop selling as these very low share prices and for regular sizeable dividends to be paid. It will imo take a year or two for investors' confidence to build. For newbies - htTp://www.jqw-ir.com/archive/research/JQWUpdate_060514.pdf may be of use - it is an extensive research note from the JQW website - dated 6th May 2014

150k bought and no sells in the last 30 mins - including a 100k delayed 11p buy at 16:12. At 8:57:18 a 50k, 11p, sell was published, which might have put off further buying. That seems to have been withdrawn just after hours as a 50k, 11p, delayed trade at 8:57:18. Any explanations for that juggling?

marclem - rate of cash generation over the 12 months to end December 2014 would permit another total divi pay out of about 5p during 2015 without reducing the cash held below RMB350 million. That is assuming the cash generation continues at the same rate during 2015 as during 2014. This analysis is based on the last RNS and on cash holdings over the past couple of years. From the last RNS - " JQW remains highly cash generative and the Group maintains its strong balance sheet with cash as at 31 December 2014 amounting to RMB 395 million (2013: RMB 344 million). This robust cash position, which is after the Group paid an interim and special dividend to shareholders totalling RMB 101.6 million in October 2014, is equal to 21.3 pence per share or 195% of the Group's market capitalisation as at 13 February 2015." DYOR of course. Ideally those divis would be paid quarterly - say 1p per quarter with maybe a similar size special at the end of the year. In fact I think that is being optimistic but it would go a long way to restoring confidence. In the short term of course we are waiting for those OMPs to stop selling.

Jimzi - lots of reason why the OMPs might need to raise cash. Do note by the way that the OMPs invested before the IPO so we do not know how much they paid for their shares or how long ago they bought them. We also do not know at what sp they intend to sell their next tranch or whether they are going to retain some of their holdings so as to benefit from those divis.

Pre-close trading update 2014 profit before tax about £22 million - current market cap about £22 million.

could well be short term traders selling today ....

From my records, it looks as if there were two main sellers through the 70ps to 40ps. They at one time held 3-4%. One bought in at the IPO (70p) and was not locked in in any way, the other after the IPO. Neither appear in the latest records either on the company website or on http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=JQW:LSE

The sellers referred to in the December RNSs are OMPs and they were in before the IPO. We do not know at what price they bought their shares, or what proportion of their shares they intend to sell in the short term or at what price. They do seem to have stopped any serious selling in the past few days however. Also see my post at 07:37 yesterday.

Well lets put it like this, of the last 22 trades, 20 have been buys and there was no stock available on line until the first and only sell of the day.

yep kirb - as you say, only 194 million shares issued and as the current m.cap is only about £27 million presumably the buyer will be quids in as JQW has a current cash hold of more than £40 million!