Lucara Diamond Corp

LUC-T

TSE:LUC

0.80
0.01 (1.23%)
Lucara Diamond Corp. is a diamond exploration and mining company, operating in southern Africa but established in Canada.
More at Wikipedia

Analysis and Opinions about LUC-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 25, 2019
The company has suspended its dividend. They operate diamond mines in South Africa. They are looking into underground, from open pit. The cost is more expensive than thought. The price of diamonds has been reduced, though retail prices won’t change.
Lucara Diamond Corp (LUC-T)
November 25, 2019
The company has suspended its dividend. They operate diamond mines in South Africa. They are looking into underground, from open pit. The cost is more expensive than thought. The price of diamonds has been reduced, though retail prices won’t change.
Robert McWhirter
President, Selective Asset Management
Price
$0.840
Owned
No
DON'T BUY
DON'T BUY
November 6, 2019
Good and bad. The CEO is great whom she knows. Most of their cash flows comes from a handful of large diamonds, but luckily they turn them up regularly. Diamond markets are spotty and there are wider fears of a global slowdown. Also, there are worries of fake diamonds out there. He doesn't understand the dynamics of the diamond market well enough to recommend this.
Good and bad. The CEO is great whom she knows. Most of their cash flows comes from a handful of large diamonds, but luckily they turn them up regularly. Diamond markets are spotty and there are wider fears of a global slowdown. Also, there are worries of fake diamonds out there. He doesn't understand the dynamics of the diamond market well enough to recommend this.
Rick Rule
Pres. & CEO, Sprott USA
Price
$0.940
Owned
No
HOLD
HOLD
June 13, 2019
They found so many large rocks that they had trouble selling some of them. The stock looks cheap but diamond prices have come off a bit. It's not a bad place to be, though.
They found so many large rocks that they had trouble selling some of them. The stock looks cheap but diamond prices have come off a bit. It's not a bad place to be, though.
Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$1.580
Owned
No
BUY
BUY
March 5, 2018

Once owned it. The new CEO (a successful woman with a good track record) replaced the former CEO who was burned out. An essential stock to own in the diamond space. He may rebuy it.

Once owned it. The new CEO (a successful woman with a good track record) replaced the former CEO who was burned out. An essential stock to own in the diamond space. He may rebuy it.

Rick Rule
Pres. & CEO, Sprott USA
Price
$2.130
Owned
No
BUY
BUY
March 2, 2017

He is a founding shareholder, but got nervous of the diamond business and got out. He would own it because it is controlled by the Lundin family.

He is a founding shareholder, but got nervous of the diamond business and got out. He would own it because it is controlled by the Lundin family.

Rick Rule
Pres. & CEO, Sprott USA
Price
$2.760
Owned
No
COMMENT
COMMENT
January 18, 2017

The diamond business is really, really tough. It is hard to find a mine, and costs billions to develop it. For the sector, this is probably the best company you could buy. It has a nice dividend and a nice cash position. They paid a special dividend last year. There is the potential to find giant diamonds, which they already have. They’ve changed their production profile so that they can find giant diamonds. It is worth owning for the dividend and the special dividends along the way. Dividend yield of 2.1%.

The diamond business is really, really tough. It is hard to find a mine, and costs billions to develop it. For the sector, this is probably the best company you could buy. It has a nice dividend and a nice cash position. They paid a special dividend last year. There is the potential to find giant diamonds, which they already have. They’ve changed their production profile so that they can find giant diamonds. It is worth owning for the dividend and the special dividends along the way. Dividend yield of 2.1%.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$3.010
Owned
Unknown
COMMENT
COMMENT
November 2, 2016

The diamond business is tough. It pays a dividend of 1.6%. Changed their production method to go after some giant stones. The valuation, cash, potential all looks good. Very cheap at 9X earnings and has a ton of cash.

The diamond business is tough. It pays a dividend of 1.6%. Changed their production method to go after some giant stones. The valuation, cash, potential all looks good. Very cheap at 9X earnings and has a ton of cash.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$3.710
Owned
No
BUY WEAKNESS
BUY WEAKNESS
September 21, 2016

A diamond miner, and it seems like the pipe they are mining right now continues to produce giant diamonds. Thinks they will continue to execute. Has a steady cash flow from mining normal diamonds, and then, every once in a while, they find a monster diamond, which is going to do great things for their cash flow. You can probably expect special dividends occasionally. A little volatile, so you can trade around it.

Lucara Diamond Corp (LUC-T)
September 21, 2016

A diamond miner, and it seems like the pipe they are mining right now continues to produce giant diamonds. Thinks they will continue to execute. Has a steady cash flow from mining normal diamonds, and then, every once in a while, they find a monster diamond, which is going to do great things for their cash flow. You can probably expect special dividends occasionally. A little volatile, so you can trade around it.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$3.970
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
March 29, 2016

They have a habit of finding huge outsized diamonds. The diamond market right now is in an oversupply situation, because of the mines in Russia. Doesn’t think that should last too much longer. He would wait for a pullback. Has owned this in the past.

They have a habit of finding huge outsized diamonds. The diamond market right now is in an oversupply situation, because of the mines in Russia. Doesn’t think that should last too much longer. He would wait for a pullback. Has owned this in the past.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$2.740
Owned
No
HOLD
HOLD
February 22, 2016

They are the best of the diamond companies around the world when diamond prices and demand are falling. He would also favour a long term approach to diamonds and you could buy it now for a long term hold.

Lucara Diamond Corp (LUC-T)
February 22, 2016

They are the best of the diamond companies around the world when diamond prices and demand are falling. He would also favour a long term approach to diamonds and you could buy it now for a long term hold.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$2.460
Owned
Unknown
COMMENT
COMMENT
November 12, 2015

Operated by the Lundine family. This has been a truly outstanding Canadian success story. It mines and markets some of the highest quality diamonds globally. Earnings on a quarterly basis are lumpy, but over the course of a year they earn and distribute a lot of money. Return on cost employed in this mine is spectacular, and it looks like the mine life is pretty good. If you are willing to own, what is in effect a luxury goods market in the face of an economy that you see for the next 2 years, this is a good name to own.

Lucara Diamond Corp (LUC-T)
November 12, 2015

Operated by the Lundine family. This has been a truly outstanding Canadian success story. It mines and markets some of the highest quality diamonds globally. Earnings on a quarterly basis are lumpy, but over the course of a year they earn and distribute a lot of money. Return on cost employed in this mine is spectacular, and it looks like the mine life is pretty good. If you are willing to own, what is in effect a luxury goods market in the face of an economy that you see for the next 2 years, this is a good name to own.

Rick Rule
Pres. & CEO, Sprott USA
Price
$1.840
Owned
No
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