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Gemfields expects profits to fall by a fifth, reports drop in revenue at Montepuez ruby mine in Mozambique 2:53 CAT | 18 Sep 20190 Comments Print Share Unnamed-2019-09-18T145115.960 Artisanal miners hunt for rubies as they sift through gravel next to a small dam near Gemfields’s ruby mine near Montepuez in Mozambique. [Picture: Getty Images / Mathew Hill] / Precious-stone producer Gemfields said on Wednesday it expects its interim profit for the year to end-June to fall 22%, reporting a drop in revenue at its Montepuez ruby mine (MRM) in Mozambique. Headline earnings per share is expected to fall 8% to 0.11c in rand terms, but remain unchanged at USD1c for the period, the company said. Gemfield’s two key operating assets are MRM and the Kagen emerald mine in Zambia, in which it holds 75% of each. MRM’s revenue was expected to fall 30.3% to $50m, while revenue at Kagen was expected to rise 58% to $33.2m. In January, British law firm Leigh Day said it had reached an $8.3m settlement with Gemfields over alleged human rights abuses at MRM. Gemfields denied liability but acknowledged violence had occurred at the mine, Leigh Day said, adding the company had taken the grievances of workers seriously. Revenue at its jewellery business, Fabergé, was expected to fall 45.7% to $3.8m, Gemfields said on Wednesday. The company’s share price had closed at R1.57 on Tuesday, having lost 12.78% so far in 2019. Source: Business Live
If you're genuinely interested in hearing them 'come clean' you can listen to the analyst presentation. It will take an hour of your valuable time though; so it might just be easier to fling a few dumb comments onto this board about nothing in particular. They've provisioned for practically every single thing you could think of, including the cancellation of HS2. Kier Living isn't being sold piecemeal; it's got a £163m asking price; they have approx five bidders for the business; it doesn't include £10m of 'mothballed' land which I think is land that has been written down from £50m. Anyway, dyor and then maybe express your thinking.
Interviewer to Leon,so what can we expect from Jubilee over the next 6 months/ Leon: You can expect a declining share price,massive share placing and lots of smoke and mirrors financial reporting and production updates,so as you can see a very busy period of shareholder shafting for Jubilee in the next 6 months,
Help. My holding has dissaeared today from ii. Anyone know what i can do next. Thank you
Just had a look on trading view 157 zac today .. 220 zac The recent high 4th Oct 2018. The low 29 June 2019 138 zac
Must say these comments below from ADVFN are highly alarming if you consider and look at it from that point of view! Sounds like we are being used and abused...? Not trying to be negative but have to at least consider that possibility. Anyone care to share more detail...? "This is the thing here,no one has figured it out yet that Jubilee is being used as a vehicle to promote/enhance this consulting company that gets payed up to 6 times more than Sylvania platinum consultants. Share price performance is irrelevant to the Jubilee board( clearly evident for all to see).What was the name of Colin and Leon's consulting company that disappeared of the net?" "This so called consulting company is where the real money is. Jubilee is nothing without them, but they also need Jubilee to get free money from placings to build these demo plants and show the bigger industry what they as consulting company can provide. Wait for the 2019 consulting fees,its going to be big, like i said share price performance is irrelevant to Leon, why do you think he never buys shares,LOL!!! You all been taken for a one up LOL" "Jubilee is the only producing pgms company in the WORLD(suppose to be the cheapest producer in the world) that share price goes down, while all the other current producing pgm companies go up. What more evidence do you all need that you been taken for a one up. Remember the share price never lies!"
Big jump in the Kier share price today. Up 21p and over 17%. No news that I can see. Break-out well established. I reckon it's gonna be a steady climb now to Thursday next week and beyond. £2 by Friday week.
Sb,news just out,the decision to award Trident the Dolphin block has been cancelled.
Fairly big day for Kier shares today; up 5.5p almost 5% on increasing volume. Share price looks like it's broken out, finishing above 120p, ahead of results due on Thursday next week. Since the current p/e is around 1, if the results show that the business has made any profit and is not bust (all the signs are that debt is reducing and there will be some profits) I'm expecting this to take off in spectacular fashion. I was hoping to buy on a dip, but Kier got a lot of attention a few weeks ago with its trading update, so I might have to grab some at tomorrow's price. Hedge funds were shorting and one has exited completely, in anticipation of share price recovery. The others might be following.