UK Markets closed
  • NIKKEI 225

    27,522.26
    -250.64 (-0.90%)
     
  • HANG SENG

    24,965.55
    +13.25 (+0.05%)
     
  • CRUDE OIL

    0 (0)
     
  • GOLD FUTURES

    1,836.10
    -6.50 (-0.35%)
     
  • DOW

    34,364.50
    +99.13 (+0.29%)
     
  • BTC-GBP

    27,389.85
    +1,122.75 (+4.27%)
     
  • CMC Crypto 200

    841.64
    +31.04 (+3.83%)
     
  • Nasdaq

    13,855.13
    +86.21 (+0.63%)
     
  • ^FTAS

    4,217.31
    -57.21 (-1.34%)
     

Gemfields Group (GML): Coloured gemstones' time to sparkle and shine

·2-min read

Edison Investment Research Limited
17-Dec-2021 / 08:10 GMT/BST

 

London, UK, 17 December 2021

 

Gemfields Group (GML): Coloured gemstones' time to sparkle and shine

Record Q4 emerald and ruby auctions, which generated US$37.8m and US$88.4m respectively, took Gemfields' total gemstone auction sales for 2021 to US$239.6m, an all-time high that exceeds the 2019 total of US$200.6m. The results indicate a strong market for coloured gemstones. Gemfields provides investors with unique exposure to this subsector and we have updated our forecasts to reflect stronger gemstone prices.

 

Updating our discounted cash flow (DCF) modelling for stronger pricing, we now calculate a DCF sum of the parts (at a 10% discount rate) of US$502m (previously US$367m). Within that, Kagem's attributable valuation has increased by 42% to US$256m and MRM's valuation by 19% to US$362m. Despite Gemfields' share price having increased by more than 100% this year, our valuation implies further upside potential. 


Click here to view the full report or here to sign up to receive research as it is published.

 

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Alison Turner +44 (0)20 3077 5700 mining@edisongroup.com

Lord Ashbourne (formerly Charles Gibson) +44 (0)20 3077 5724 mining@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn        www.linkedin.com/company/edison-group-/

Twitter           www.twitter.com/Edison_Inv_Res

YouTube       www.youtube.com/edisonitv


Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting