Rang ( W ) never in ISA ( might be idea ) June 2013 purchased with them transferd in 1500 July 2015. multiplied by 1.91 Palinghurst take over. .
Fabergé owner Gemfields (GEM:AIM) has returned to AIM after an almost three year absence. The gemstone miner left London’s junior market in July 2017 following an acrimonious takeover saga which culminated in it being taken off the market by South African private equity firm Pallinghurst. But having cited a ‘lack of broker research and share trading liquidity, as well as feedback from shareholders’ in South Africa where it is listed, the company decided to return to AIM in a bid to access greater liquidity and more global investors. The firm has a primary listing on the Johannesburg Stock Exchange and another listing on the Bermuda Stock Exchange. LISTING TO GIVE INVESTORS ACCESS TO GEMSTONE MARKET As well as owning the Fabergé jewellery brand, Gemfields - which has counted the likes of actress Mila Kunis as a ‘brand ambassador’ - produces around half of the world’s rubies and a fifth of the world’s emeralds from two of its mines in Mozambique and Zambia. CEO Sean Gilbertson said, ‘Today’s admission to the London market is an important milestone for Gemfields after a decade of growth in the demand and prices for precious coloured gemstones. READ MORE ABOUT GEMFIELDS HERE ‘The AIM listing seeks to provide UK, European and international investors with more expedient entry into the precious coloured gemstone market, to improve share trading liquidity and to widen Gemfields’ current investor base.’ GEMFIELDS RETURNS AFTER LOW-BALL TAKEOVER Gemfields returns to the market around 30 months after being the subject of a bitter bidding war in which Pallinghurst won, though not without controversy after accusations that it acquired the company on the cheap. Pallinghurst launched an unsolicited bid in 2017 for the 53% of Gemfields it didn’t own in an offer which contained no premium to Gemfield’s 39p share price at the time and valued the company at £211m. Pallinghurst needed approval from investors owning at least 75% of the shares, but that approval wasn’t too difficult to gain as it already owned 47.09% of the business. Minority investors weren’t best pleased with the outcome, arguing the firm was being sold on the cheap, especially considering stockbroker Numis said at the time that fair value for Gemfields would be 94p per share. Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.
12p / 11.4 .. can trade with bell . have nearly twice as many after takeover so eq 22p .
Gemfields To Float On London's AIM Market On Valentines Day Fri, 17th Jan 2020 088Alliance News (Alliance News) - Gemfields Group Ltd on Friday said in intends to seek admission of its shares on London's junior AIM market. The Johannesburg-listed gemstones supplier said it is not seeking to raise capital as part of admission, which is expected to become effective on February 14. Gemfields said the AIM listing will allow it to access to greater liquidity and international investors. "We are looking forward to this next phase in the company's development and to delivering value for all our shareholders," said Chief Executive Sean Gilbertson. Gemfields left AIM in July 2017 after takeover by Pallinghurst Resources Ltd. However, in March 2019, the company decided to return to AIM amid "lack of broker research and share trading liquidity, as well as feedback from shareholders". In November, Gemfields replaced its chair as the process to gain AIM stock market listing highlighted that the father and son relationship between Chair Brian Gilbertson and Chief Executive Officer Sean Gilbertson would potentially pose an impediment to corporate governance. As a result, Brian Gilbertson stepped down as a director of Gemfields after 12 years on the board. He was replaced by Martin Tolcher. Gemfields shares were untraded in Johannesburg on Friday morning, last closing at ZAR1.87 each. By Evelina Grecenko; firstname.lastname@example.org Copyright 2020 Alliance News Limited. All Rights Reserved.
Low was 139 18th OCT 2019 .. matches June resistance .. now 160
Below came trough to phone Club of Mozambique. ( news paper ) maybe other news from there in future .
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
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
Latest from the Community...
Latest from the Community...