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Last 130.00 GBp
Change Today +8.25 / 6.78%
Volume 235.1K
GEMD On Other Exchanges
Symbol
Exchange
London
Stuttgart
OTC US
OTC US
As of 11:35 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

gem diamonds ltd (GEMD) Snapshot

Open
122.25 GBp
Previous Close
121.75 GBp
Day High
130.00 GBp
Day Low
122.00 GBp
52 Week High
09/1/14 - 216.00 GBp
52 Week Low
08/27/15 - 121.00 GBp
Market Cap
179.8M
Average Volume 10 Days
129.5K
EPS TTM
0.20 GBp
Shares Outstanding
138.3M
EX-Date
05/7/15
P/E TM
9.8x
Dividend
0.05 GBp
Dividend Yield
2.53%
Current Stock Chart for GEM DIAMONDS LTD (GEMD)

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gem diamonds ltd (GEMD) Details

Gem Diamonds Limited is engaged in mining, evaluation, development, and production of diamonds. The company operates the Letšeng mine in Lesotho; and develops the Ghaghoo mine in Botswana. It also manufactures and markets rough and polished diamonds in Belgium and Mauritius. In addition, the company provides technical, financial, and management consulting services. It serves diamantaires and manufacturers in New York, Belgium, Israel, India, China, South Africa, the United Kingdom, the Middle East, and Switzerland. Gem Diamonds Limited was founded in 2005 and is headquartered in London, the United Kingdom.

Founded in 2005

gem diamonds ltd (GEMD) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: 690.7K GBP
Chief Financial Officer and Director
Total Annual Compensation: 304.0K GBP
Chief Operating Officer and Executive Directo...
Total Annual Compensation: 498.8K GBP
Chief Legal & Commercial Officer, Company Sec...
Total Annual Compensation: 462.7K GBP
Compensation as of Fiscal Year 2013.

gem diamonds ltd (GEMD) Key Developments

Gem Diamonds Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Gem Diamonds Limited reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenue of $118.0 million against $148.9 million a year ago. Underlying EBITDA was $46.1 million against $63.5 million a year ago. Profit before tax from continuing operations was $40.7 million against $56.2 million a year ago. Profit for the period from continuing operations was $25.6 million against $35.8 million a year ago. Profit attributable to equity holders of parent was $15.4 million against $19.7 million a year ago. Operating profit was $41.339 million against $56.362 million a year ago. Diluted earnings for the period attributable to ordinary equity holders of the parent were 11.01 cents against 14.21 cents a year ago. Cash flows from operating activities were $38.701 million against $81.399 million a year ago. Purchase of property, plant and equipment was $11.453 million against $4.995 million a year ago.

Gem Diamonds Limited, H1 2015 Earnings Call, Aug 19, 2015

Gem Diamonds Limited, H1 2015 Earnings Call, Aug 19, 2015

Gem Diamonds Limited Provides Operating Update for the First Half Year Ended 30 June 2015

Gem Diamonds Limited has provided operating update for the first half year ended 30 June 2015. Letšeng: Successful delivery of projects and solid operational performance; prices achieved for high value diamonds remain firm despite difficult market conditions: Average price of $2,264 per carat was achieved in the first half of 2015 against $2,338 per carat in the second half of 2014; 13 rough diamonds achieved a value of greater than $1.0 million each; In addition to the 314 carat Type IIa white diamond previously reported, another outstanding quality 357 carat Type IIa white diamond was recovered and is expected to be sold in the third quarter of 2015; Further four diamonds of over 100 carats each were sold in the Period, including a top quality 108 carat Type IIa rough diamond which sold for $65,226 per carat; and The Plant 2 Phase 1 upgrade and the Coarse Recovery Plant construction were successfully completed on time and within budget. On the first day of its operation, the new XRT unit recovered a high quality 52 carat Type IIa diamond. Ghaghoo: Recovered grade in latter part of H1 2015 was above reserve grade; recovery of larger diamonds beginning to fill gaps in size frequency distribution model; Recovered grade fluctuated between 28 and 30 cpht in the last two months of H1 2015 (compared to the reserve grade of 27.8 cpht); Small size blue and pink coloured diamonds recovered; confirming presence of these valuable diamonds in the ore body; 5 stoping tunnels opened providing increased ore availability; A 48 carat diamond was recovered in July 2015 with an increasing number of diamonds in the 10 to 30 carat size range being recovered, albeit still below modelled frequencies; and A second parcel of 29 891 carats of commissioning phase production sold for $4.9 million in July 2015 ($165 per carat) in a difficult market.

 

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GEMD:LN 130.00 GBp +8.25

GEMD Competitors

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Company Last Change
Dominion Diamond Corp C$15.65 CAD +0.32
Lucara Diamond Corp C$1.70 CAD +0.02
Petra Diamonds Ltd 125.00 GBp 0.00
Alrosa PAO 64.10 RUB +0.71
Rockwell Diamonds Inc C$0.22 CAD -0.01
View Industry Companies
 

Industry Analysis

GEMD

Industry Average

Valuation GEMD Industry Range
Price/Earnings 10.4x
Price/Sales 1.2x
Price/Book 0.9x
Price/Cash Flow 9.6x
TEV/Sales 1.1x
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