Gemfields has a unique business offering exposure to high-value coloured gemstones and a recovering luxury goods brand. The stock has performed strongly over the past year, driven principally by increasing recognition of the potential value of the Montepuez ruby mine. However, we still see considerable upside, with the initial Montepuez resource statement due before year end and of course the prospect of more high-value auctions. We have remodelled the major assets, and as a result have incre
05 May 2015
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Gemfields Group Limited (GEM:LON) | 12.0 -0.1 (-4.0%) | Mkt Cap: 140.0m
- Published:
05 May 2015 -
Author:
Cavendish Research - Pages:
Gemfields has a unique business offering exposure to high-value coloured gemstones and a recovering luxury goods brand. The stock has performed strongly over the past year, driven principally by increasing recognition of the potential value of the Montepuez ruby mine. However, we still see considerable upside, with the initial Montepuez resource statement due before year end and of course the prospect of more high-value auctions. We have remodelled the major assets, and as a result have incre