Last 50.75 GBp
Change Today 0.00 / 0.00%
Volume 0.0
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As of 11:35 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

gemfields plc (GEM) Snapshot

Open
51.00 GBp
Previous Close
50.75 GBp
Day High
51.00 GBp
Day Low
50.75 GBp
52 Week High
06/18/14 - 54.75 GBp
52 Week Low
10/23/13 - 27.50 GBp
Market Cap
274.1M
Average Volume 10 Days
131.9K
EPS TTM
0.03 GBp
Shares Outstanding
540.0M
EX-Date
--
P/E TM
27.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for GEMFIELDS PLC (GEM)

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gemfields plc (GEM) Details

Gemfields PLC explores, mines, and markets coloured gemstones primarily in Zambia. The company holds 75% interest in the Kagem emerald mine covering an area of approximately 41 square kilometers in Zambia; and Montepuez ruby deposit covering an area of approximately 340 square kilometers in Mozambique. It also has 50% interest in the Kariba Amethyst mine in Zambia; and 100% interest in 15 exploration licenses covering emeralds, rubies, sapphires, tourmalines, and garnets in the Antananarivo, Fianarantsoa, and Toliara provinces of Madagascar. In addition, the company is involved n the gemstone marketing and auction activities; and retail and promotion of the Faberge collection of jewellery and watches. Gemfields PLC is headquartered in London, the United Kingdom.

gemfields plc (GEM) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $540.0K
Group Chief Operating Officer and Executive D...
Total Annual Compensation: $419.0K
Executive Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

gemfields plc (GEM) Key Developments

Gemfields plc Reports Audited Consolidated Earnings Results and Operating Results for the Year Ended June 30, 2014

Gemfields Plc reported audited consolidated earnings results and operating results for the year ended June 30, 2014. For the period, the company reported revenue of USD 160,089,000 compared to USD 48,394,000 reported in the same period last year. Profit from operations was USD 36,947,000 against loss from operations of USD 19,808,000 reported last year. Profit before taxation was USD 36,283,000 against loss before taxation of USD 20,095,000 reported last year. Profit attributable to owners of the parent was USD 8,811,000 or USD 0.02 per basic and diluted share compared to loss attributable to owners of the parent company of USD 22,790,000 or USD 0.05 per basic and diluted share reported last year. Net cash flow generated from operating activities was USD 54,146,000 against net cash flow used in operating activities of USD 5,153,000, a year ago. Purchase of property, plant and equipment was USD 8,722,000 against USD 8,099,000 reported last year. EBITDA was USD 59.3 million against USD 1.2 million reported last year. Purchase of intangible assets was USD 3,659,000 compared to USD 1,988,000 a year ago. For the period, the company reported annual production of 20.2 million carats of emerald and beryl compared to 30.0 million carats a year ago. Gemstone production (ruby and corundum) was 1.9 million carats compared to 6.5 million carats a year ago. Ore production was 26.6 tonnes compared to 408.6 tonnes a year ago. Production from Grade (ruby and corundum/ore) was 69.8 carats/tonne compared to 16.0 carats/tonne, a year ago. Waste Mined was 0.1 million tonnes compared to 1.2 million tonnes a year ago.

Gemfields Mulls Acquisitions

Gemfields Plc (AIM:GEM) continues to evaluate a number of gemstone acquisition opportunities to complement stated red, blue and green 'traffic light' of colored gemstones strategy.

Gemfields Enters into Joint Venture with East West Gem Investments Limited

Gemfields announced that it has entered into a joint venture with East West Gem Investments Limited (EWGI), in order to progress opportunities in the Sri Lankan sapphire and gemstone sector via three Sri Lankan subsidiaries which will be 75% and 25% held by Gemfields and EWGI respectively. Under the terms of the agreements, Gemfields has acquired 75% operating interests in sixteen  exploration licences (covering diverse minerals) for a consideration of USD 0.4 million. The Sri Lankan joint venture seeks to deploy Gemfields' proven exploration and gemstone experience with a view to replicating the successes achieved in Zambia and Mozambique, where Gemfields' approach has brought considerable benefits for both the local population and the regional economy. The joint venture will also see Gemfields and EWGI establish a gemstone trading company called Ratnapura Lanka Gemstones (Pvt) Ltd, a company approved by the Board of Investment of Sri Lanka (BOI Sri Lanka). The trading company will focus on sourcing rough sapphires from various sources in the local market. It is intended that Gemfields' proprietary gemstone grading systems and marketing methodologies will be applied in order to offer the gems to international buyers via Gemfields' proven rough gemstone auction platforms, thereby adding value to Sri Lankan gemstone production, growing the sector and contributing to economic development. The joint venture agreements seek to develop the broader exploration, mining and sorting infrastructure in Sri Lanka in order to promote a sustainable, transparent and globally competitive gemstone sector.

 

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Industry Analysis

GEM

Industry Average

Valuation GEM Industry Range
Price/Earnings 40.9x
Price/Sales 1.7x
Price/Book 1.2x
Price/Cash Flow 50.1x
TEV/Sales 2.8x
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