Research, Charts & Company Announcements
Research Tree offers GEM DIAMONDS LTD research coverage from 5 professional analysts, and we have 44 reports on our platform.
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|19/10/2016 07:00:08||London Stock Exchange||Block Listing Six Monthly Return|
|30/09/2016 17:10:55||London Stock Exchange||Total Voting Rights|
|27/09/2016 07:00:10||London Stock Exchange||Holding(s) in Company|
|05/09/2016 14:50:18||London Stock Exchange||PDMR - Sale of Shares|
|31/08/2016 08:36:17||London Stock Exchange||Exercise of Options|
|17/08/2016 07:00:08||London Stock Exchange||Half-Year 2016 Results|
|10/08/2016 07:00:08||London Stock Exchange||Letseng Operational Update|
Frequency of research reports
Research reports on GEM DIAMONDS LTD
Providers covering GEM DIAMONDS LTD
Earnings, valuation and target price update
31 Aug 16
Gem Diamonds recently released results for the first half of 2016. The Letšeng mine in Lesotho continued to operate well, with diamond production steady at 29,100 carats in the period. Following heavy snowfalls in Lesotho and damage to the power line that feeds the mine, the company has reduced Letšeng throughput guidance from 6.8-7.0 million tonnes of ore to 6.6-6.8 million tonnes, although it has maintained carats recovered at between 110,000 and 120,000 for the year. We have slightly reduced our price target to 212p to reflect the most recent balance sheet. We retain our Buy recommendation.
Panmure Morning Note 17-08-2016
17 Aug 16
Gem Diamonds Interim results offer further evidence of Letšeng’s robust production abilities whilst the $40 million impairment taken at Ghaghoo has been anticipated by many investors for some time now. We maintain our Buy recommendation and unchanged target price of 182p, based upon NAV/EPS.
Panmure Morning Note 10-08-2016
10 Aug 16
Gem Diamonds has today confirmed that extreme weather conditions have disrupted operations at the Letšeng Diamond Mine in Lesotho. We note though that given the fact the company was run rating ahead of full year guidance at the interim stage, full year production guidance can still be achieved, albeit at a higher cost. The company announces Interim results next week and we expect further clarity then.
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21 Oct 16
STM* (STM): Acquisition of London & Colonial (CORP) | Hurricane Energy (HUR): £70m placing and open offer (BUY) | Firestone Diamonds* (FDI): Liqhobong commissioning update (BUY) | Accsys (AXS): Acorn aiming to be a mighty oak – analyst interview (BUY) | Avacta* (AVCT): Act now… – analyst interview (CORP) | Tristel* (TSTL): Full year 2016 results – analyst interview (CORP)
£70m placing and open offer
21 Oct 16
Hurricane has successfully raised £70m by issuing c.205.9m shares at a price of 34p. The company is also undertaking an open offer at the same price to raise a further £4.4m. The proceeds will be used to fund two exploration wells on Lincoln and Warwick as well as further development activity on the Lancaster field.