So, at today's VWAP of 4.55/-,THE GEMS PIONEER is trading at a PER of 91?

So, you are telling me that at an acceptable PER of 30, the stock should be priced at 1.50/-.

.... ........
............. ........
........ ........
............ ........
............

91x earnings
and you say bearable, get serious...


The problem seems to be the 'poison pill' non-controlling interest. Without these the P/E would be a more colourful 22.8, still exorbitant, but not outrageous.

Is this non-controlling interest equivalent to hidden agendas by some members of Chamas!!! A deeper look at the balance sheet and cash flow statement makes the company appear insolvent.

There is just no way to sugar coat these results. They are terrible. But what's worse, the listing statement and the half year results were basically a fraud.

I bought some shares for my speculative portfolio when the share slipped below 5, but to be honest my analysis was based on the misrepresentations made by mgt.

Well, tomorrow I expect things to get really ugly!!!

I feel you mwanahisa . Some of us are still smile holding mumias at an average of 14.50 bob . Soon Home Africa will be least priced @nse .Anything above 2bob as Muchir says is a Con but <2sh I will join . Apart from 'wenyewe' getting cash through listing , shareholders have LOST.