Home
Investment
Top Stories
Broker Tips
Broker snap: Credit crunch to hit Gem Diamonds
Tue, 06 Jan, 2009
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Press Round Up
Press Tips
Broker Tips
Director Dealings
Stocks to Watch
Hot / Cold Sectors
Week Ahead
Foreign Markets
Broker snap: Credit crunch to hit Gem Diamonds
Thu, 20 Nov 2008, 10:39:00
More Chart Options
Related Market Prices
Name
Value
Percent
Change
Gem Diamonds
292.00p
+0.00%
Related Articles
Gem Diamonds puts Cempaka on care and maintenance
Mon, 15 Dec 2008
London close: Surge on Wall Street lifts London
Tue, 2 Dec 2008
Gem Diamonds sells 478 carat diamond
Tue, 2 Dec 2008
Broker tips: Asset managers, Mothercare, Gem Diamonds
Thu, 20 Nov 2008
London close: Footsie falls as gloom persists
Mon, 17 Nov 2008
Even the diamond sector is not immune from the credit crunch, Citigroup said as it cut its rating on <b>Gem Diamonds</b> to 'hold' from 'buy'.<br /><br />It also slashed its target price on the firm to 250p from 700p.<br /><br />While the broker sees long-term value in Gem Diamonds' Letseng Mine in Lesotho, it expects the miner to be hit hard by lower prices in the short-term.<br /><br />"The market has little appetite for value at present and the prospect of depressed earnings in '09 and continued weakness in diamond prices over the next <br />Six to 12 months is likely to hold back the shares," Citi said.<br />
©2004-2006 QCK.com
Tax Guides
|
Top 10 Tips
|
Financial News
|
Sitemap
|
Terms
|
About us
|
Contact
