Gemfields recently reported results for the year to June 2015. Revenue was in line with expectations but costs increased substantially in the second half, driven by the continuing growth of the underlying businesses. We have now factored in the new cost run-rate and have adjusted our forecasts accordingly. We make a small increase to our target price, raising it to 82p (81p).
14 Oct 2015
Update following annual results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Update following annual results
Gemfields Group Limited (GEM:LON) | 11.8 0 0.0% | Mkt Cap: 137.1m
- Published:
14 Oct 2015 -
Author:
Cavendish Research - Pages:
Gemfields recently reported results for the year to June 2015. Revenue was in line with expectations but costs increased substantially in the second half, driven by the continuing growth of the underlying businesses. We have now factored in the new cost run-rate and have adjusted our forecasts accordingly. We make a small increase to our target price, raising it to 82p (81p).