This Bonkers Bargain is a little gem
It’s rare we come across a small company like this, with such significant tangible asset backing and the added appeal of a truly iconic international brand. A recently announced Strategic Update, highlights some short-term challenges, which shouldn't defect from the long-term appeal of this modestly valued business. While it might need a little patience, this Bonkers Bargain could certainly sparkle, as we highlight here.
This multifacated company is benefitting from the growing trend towards including colour within jewellery and away from the ‘traditional’ diamond engagement ring.
Despite substantially increasing production and making large returns to shareholders over recent years, including some large dividend payments, its shares remain firmly out of favour. Potential investors also have the reassurance of substantial tangible asset backing, several times the current market capitalisation, and some further hidden value in a gold exploration project. There is plenty to like about…
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