Feb 07th 2013 - Edison Investment Research today published a report on Gemfields (GEM.L, LSE:GEM, LON:GEM) entitled "Fabergé Challenges Ahead". In summary, the report says:
Following the 21 November 2012 announcement and subsequent EGM, Gemfields completed the acquisition of Fabergé on 28 January 2013. Management states that by extending control over this high-end luxury goods platform with a global brand and exceptional heritage, Gemfields can position itself as a globally recognised coloured gemstone champion. The market will need to absorb the dilutive effect of a substantial increase in issued capital, which downgrades short-term earnings estimates, and assess the ambitious strategy to rapidly expand the Fabergé business.
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