Member Info for skippy999

Thanks for the reply. I know that there are large borrowings re the new mine, but I guess these are hedged, or locked in at known interest rates. Maybe I am missing something, but diamonds are not like iron ore - they are used in high end fashion and jewellery, and industrially as cutting edges. Has somebody just got rid of all these markets, is there a cheaper supply from unknown mines, is everyone stopping buying diamonds for their wives, concubines or mistresses? I am at a loss why a 9% drop in diamond price is correlating to a 50% drop in share price potentially.

Anyone like to guess where this will bottom out?

pa - SPOT ON! Gearing is a great equity booster, and let's face it, nobody can be surprised when rates edge up. There has been enough warning! Even so, a 25 point rise in rates is a minor tremor on the r scale of historic rates. At least the spread makes in/out possible. Volumes indicate to me that there are a lot of shorters in at the moment.

Seems we are in free fall, and the sellers are still there in volume. Any views on where this will stop?

I agree with the sentiments below, and got back in at 71p. There is just huge disparity between the brokers ratings, the company results and the share price. This company appears completely under-valued even taking into account the world price of diamonds, and the "alleged" China slow-down - what effect will this really have in this sector? We all know that an economy is a basket of sectors; some rise whilst the overall economy falls - surely, diamonds are still on the proverbial "shopping list" in an economy still predicted at 6% growth (even if that figure is not met, it is still impressive).

What a great steady share this is! keep looking for the dip to top up, but will just buy some more as this does not oblige!

Thanks for the reply - appreciated. As I am offshore, the only one I have seen is in on the lower floor of the Bull Ring in B'ham - product was well displayed and it seemed very busy. Do they franchise or just straight ownership?

Has anyone any idea for the 2% drop today? Results out next month, but has someone got some inside info, I guess so.

Something is making this mixture rise well - 2 days on the trot and some reasonable volumes visa vi normal lack of trade!

1.9p div on ex div day, 1.9p share price drop. This is certainly finding calmer waters in these choppy times.

Graham - you are not alone! I topped up at 116p and glad that I did. I hope the stability lasts.

I got out at 208p, and went safe haven BREE. Will see if there is a lift here but info is scarce, as are volumes.

No volume trades anyway - just mark down in price. I expect a positive correction soon.

Thanks Cellis, or "Oracle"! I see the price gradually rising fairly soon as profits accrue, and the medium term is looking good. 60p by December? The vibe here, offshore, is still very positive.

Huge volume yesterday 8m. Anyone spot if these were buys or sells?

Anyone know where this is heading? Seems to ox-bowing along, but trending downwards after the 230p high!

So, ex-div and no fall - all discounted out. I am minded to sell and take the small loss that I have incurred. Views on mid term?

Thanks - makes sense - would have been nice to have topped up at the 450 dip today!

Any idea why TW is up and we are seeing large fall? P/e's are similar.

Thanks - useful feedback - sit tight!