NAV Per Share: ZAc 715 (as at 30 June 2023)

Analyst Coverage

The following analysts write research on Gemfields Group Limited and on the coloured gemstone market:

finnCap

Martin Potts
mpotts@finncap.com
Tel: +44 20 7220 4683
www.finncap.com

Panmure Gordon

Kieron Hodgson
kieron.hodgson@panmure.com
Tel: +44 20 7886 2773
www.panmure.com

Liberum

Ben Davis
Ben.Davis@liberum.com
Tel: +44 20 3100 2083
www.liberum.com

Edison Investment Research

(ended coverage effective January 2022)
Alison Turner
aturner@edisongroup.com
Tel: +44 20 3077 5700
www.edisongroup.com

 Effective DateTarget Price – GBP pence
finnCap16 January 2023

45.0

Liberum7 August 2023

29.0

Panmure Gordon20 September 2022

35.0

Average  

36.33

BrokerAnalystDateReportAccess Research
LiberumBen Davis7 August 2023Binding contract for 2nd MRM plantVisit
LiberumBen Davis21 June 2023Rubies beat the market tooVisit
LiberumBen Davis2 June 2023Records breaking againVisit
LiberumBen Davis24 March 2023EBITDA and dividend beatVisit
LiberumBen Davis1 February 2023Faberge best results yetVisit
finnCapMartin Potts16 January 2023Rubies and emeralds from AfricaVisit
LiberumBen Davis9 December 2022Auction revenues cool from peakVisit
LiberumBen Davis17 November 2022New record on single emerald itemVisit
LiberumBen Davis28 October 2022Operations restart at MontepuezVisit
LiberumBen Davis29 September 2022Special dividend and a buybackVisit
LiberumBen Davis20 September 2022Excellent commercial emerald auctionsVisit
finnCapCharlie Long4 April 2022Exceptional emerald auction resultVisit
LiberumBen Davis4 April 2022Another record auction resultVisit
finnCapCharlie Long25 March 2022Excellent results and maiden dividendVisit
LiberumBen Davis25 March 2022Maiden dividend declaredVisit
finnCapCharlie Long1 January 2022Maiden dividend expected in 1Q22Visit
EdisonAlison Turner16 December 2021Coloured gemstones’ time to sparkle and shineVisit
LiberumBen Davis10 December 2021Year-end cash boon on record revenuesVisit
finnCapCharlie Long7 December 2021Record high quality emerald revenuesVisit
Edison Investment ResearchAlison Turner30 September 2021A new strategic shareholderVisit
finnCapCharlie Long27th September 2021Strong Interims and upgradeVisit
LiberumBen Davis23rd September 2021Return to profit, we expect strong maiden dividend in 2022Visit
finnCapCharlie Long17th August 2021Three records brokenVisit
LiberumBen Davis12th August 2021Record commercial emerald auctionVisit
finnCapCharlie Long3rd August 2021Strong long-term cashflowsVisit
LiberumBen Davis13th May 2021Recovery just getting startedVisit
Edison Investment ResearchAlison Turner29th April 2021Maxi-mini auction resultsVisit
Edison Investment ResearchAlison Turner16th December 2020Marching towards March 2021 auctionsVisit
Edison Investment ResearchAlison Turner3rd August 2020Cash preservation ahead of December auctionsVisit
Edison Investment ResearchAlison Turner28th April 2020Still good value under varied COVID-19 scenariosVisit
Edison Investment ResearchAlison Turner17th February 2020A Valentine’s Day gift for the AIM marketVisit
finnCapMartin Potts17th February 2020Rubies and Emeralds in AfricaVisit
Edison Investment ResearchAlison Turner8th April 2019DazzlingVisit
Edison Investment ResearchAlison Turner11th July 2019Jupiter sale funds buyback and special dividendVisit
Edison Investment ResearchAlison Turner26th September 2019Coloured gemstones outperforming diamondsVisit