Among today’s news you see:
- Marks & Spencer (LON:MKS) missed with 1.7% LFL sales, when 2% was expected. This figure was propped up by food up 5%, while all other inc. clothing was flat.
- J D Wetherspoon (LON:JDW) , reported in line, expecting continued difficult environment ahead, and input price costs rising 4 – 7%.
- Speedy Hire (LON:SDY) – sales only up 0.4% in quarter to June. But hire rates are up 8.8% (from 7.8%) and volumes down 5.8%.
China growth of 9.5% was cheered, but Ireland rating cut was not. Sales volume is falling or flat while prices are rising. This is horrible for retailers, but OK for primary producers – food, cotton, iron, copper etc.
Probably also difficult for Europe and US commercial landlords.
So I like inflation protected assets – eg equities backed by commodities, and I don’t like retail that sells into Europe & US mainly and is not premium desirable product.
C.
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Stellar Diamonds plc is engaged is engaged in the acquisition, exploration, development and production of diamond properties in the West African countries of Sierra Leone and Guinea. The principal activity of the Company is that of diamond production and development in West Africa. The Company’s segments include Mandala (Guinea), Bomboko (Guinea), Kono (Sierra Leone), Tongo (Sierra Leone), Droujba (Guinea), Other exploration and Corporate activities in the United Kingdom. The Company’s projects are located in the central part of the Man Craton. The Company’s Kono project consists of two Exclusive Prospecting Licenses, located in the renowned diamond district of Kono. The 9,78 square kilometre Tongo exploration licence is located in eastern Sierra Leone. In addition, the Company holds licences over the Mandala alluvial diamond mine, which has produced over 128,000 carats. more »
Gemfields PLC is engaged in the business of exploring, mining, processing and selling colored gemstones. The Company also provides administration services and has a cut and polished emerald sales function. The Kagem emerald mine in Zambia is presently the Company’s only operating emerald mine and serves as the source of emeralds and beryl for its downstream business. During the year ended June 30, 2010 (fiscal 2010), the Company’s projects included Fwaya Fwaya 3 (FF3). The pit is around 30 meters deep, exposing one concordant and four discordant pegmatites over a strike length of 40 meters. Its subsidiaries include Gemfields Limited BVI, Almizan Development Limited, Gemfields Mining Limited, Gemfields India Pvt Limited and Kagem Mining Limited. Effective January 25, 2013, the Company acquired acquired Faberge Ltd. more »
Petra Diamonds Limited (Petra) is an independent diamond mining company and a supplier of rough diamonds to the international market. Petra is a diversified portfolio, with controlling interests in eight producing mines: seven in South Africa (Finsch, Cullinan, Koffiefontein, Kimberley Underground, Helam, Sedibeng and Star) and one in Tanzania (Williamson). The Company operates in two segments: mining, which is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania, and exploration, which is engaged in the exploration activities in Botswana. The Company's subsidiaries include Autumn Star Investments (Pty) Ltd, Blue Diamond Mines (Pty) Ltd, Crown Resources (Pty) Ltd, Cullinan Diamond Mine (Pty) Ltd, Cullinan Investment Holdings Ltd and Dancarl Diamonds (Pty) Ltd. On September 14, 2011, the Company announced the completion of the Finsch diamond mine in South Africa (Finsch) acquisition. more »
