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Namakwa Diamonds(NAD)

Sector:

Mining

Index:

FTSE Small Cap

Market Cap

£162.99m

Change Today

0.000p

Share Price

140.00p

Broker snap: Goldman sees value in Gem, Namakwa

Date: Wednesday 12 Mar 2008

LONDON (ShareCast) - Shares in Gem Diamonds moved higher after Goldman Sachs started coverage on the miner with a 1,105p price target and a ‘neutral’ rating.

It said the company, which mines in Australia, Indonesia and several African countries, could be a wise investment for long-term investors, noting the value of its development projects.

Goldman also initiated South African-focused Namakwa Diamonds with a ‘buy’ rating and a 220p price target. The broker noted that Namakwa’s share price has lost about 30% since its IPO in December 2007, even though it has sold diamonds at prices 50% ahead of expectations.

Gem’s development projects are not so heavily discounted, Goldman said.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

NAD Market Data

Currency UK Pounds
Share Price 140.00p  
Change Today 0.000p
52 Week High 181.00p
52 Week Low 114.75p
Volume 0
Shares Issued 116.42m
Market Cap £162.99m

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value Not Available
Price Trend
34.47% above the market average34.47% above the market average34.47% above the market average34.47% above the market average34.47% above the market average
33.67% above the sector average33.67% above the sector average33.67% above the sector average33.67% above the sector average33.67% above the sector average
Income Not Available
Growth Not Available
Price Chg 6m
2.43% above the market average2.43% above the market average2.43% above the market average2.43% above the market average2.43% above the market average
3.52% above the sector average3.52% above the sector average3.52% above the sector average3.52% above the sector average3.52% above the sector average
P/E Not Available
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin Not Available

NAD Dividends

No dividends found

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

NAD Key Personnel

CEO Nico Kruger
CFO Jean Nel
COO Altie Krige

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