||ORD 10P (DI)
||EPS - Basic
||Market Cap (m)
Petra Diamonds Share Discussion Threads
Showing 7151 to 7174 of 7175 messages
|Updates from finnCap, VSA and Panmure out this morning:
|Not sure about the director dealings but the market certainly seems happy with progress.|
|Anyone fathom that directors' shareholdings announcement?
I'm reading it as, they've sold from their existing holdings and they acquired these existing holdings from the three share awards listed...
Regardless... I would rather they had waited until after the Q1 results, particularly as, for example, JD appears to have sold approximately 350k shares - not an insignificant amount.
Anyone have any thoughts?
Edit: And I note that the technical director has sold 500k shares/options. Not exactly insignificant either, how many did he have in the first place?|
|I sold too soon around 125 as I had to free up some money. Bit gutted I missed the rest of the ride but if it drifts back towards 130-135 I try and get the money back and put it back here. Still think there's a good LTH to be had here.|
|Just sold a third of my pdl, 144.6.
Still got a good chunk but thought it was prudent|
|nice recovery roll on 150p|
|Nice combination of a recovery along with the slide in sterling.|
|At last this is chasing for 138p now Looks very bullish I bought in yesterday at 122.5 as inverted head and shoulder seems to be in the play|
|Is this the breakout??
come on petra
Alrosa reports strong diamond sales. Rough diamond sales at Alrosa (ALRS RX) totalled US$243m in August, 58% more than the same period of last year, but a drop on the bumper month of July, when the company sold US$306.7m of rough stones. Total sales for the year to August now stand at US$3.09bn which is a 23% lift on last year's sales at that point in the year. Source: SNL
Investec view: The diamond industry is making a strong comeback from the horrible year it endured in 2015. We expect this trend to continue given low interest rates and a weaker US$ as we enter the critical selling period of Diwali and the Holiday Season.|
|you clearly had done a lot of in depth research.....|
|With net debt set to peak at $450 470M.......
I had no idea they were spending so heavily given the relatively weak backdrop for diamond prices and with no divi I will wait for another 6 months|
| Petra Diamonds (PDL LN) results slightly ahead. EBITDA of US$164.3m up 18% YoY (Investec US$157m/Cons US$160m) leading to underlying EPS of 9.76cps down 3% YoY (Inv 8.3cps/Cons 9.1cps) as finance expenses at US$40m were up 150% YoY. Net debt at US$384m is due to come down as capex, whilst still high at budgeted US$218m for FY17, is 27% below FY16A, and by FY19E is forecast at US$85m. All expansion plans on track and within budget with 1mt of fresh ore forecast to contribute to production for both Cullinan and Finsch. PDL remains cautious on diamond prices, but recently concluded a US$94m tender with prices similar to a year ago. Distribution covenants haven’t been met so there will be no dividend. Source: Company
Investec View: A reasonable result vs expectations with management highlighting that the company is now at a turning point with production rising and costs to fall. We expect some small increases to consensus forecasts.|
|yes, that's old news.|
|Surprised this is up today . Have stopped the dividend and also broken some financial covenants. Is this old news ?|
|Yep, happy with those.|
|Results looking good,possible divi resumption on the cards for H2. Now let's see what the market thinks!|
|Hope to find out on Monday how much that 138.57 carat white diamond was sold for!|
|A small postive
De Beers rough diamond sales rise. Anglo American’s (AAL LN) Plc's diamond unit De Beers sold US$630m in rough diamonds during its seventh sales cycle, up from the US$528m posted in the sixth cycle. Source: SNL
Investec view: Yet another strong result from De Beers.|
|sooner or later these will breakout, and fingers crossed it is to the upside|
|maybe next Friday|
|Still a few hours to go, it's teetering lol|
|you spoke to soon :)|
|Looks like 120 resistance is going to be challenged today and with this momentum, broken :-)|
|Expecting slow and steady rise here to year end results on the 19th Sept. Interims were very positive, these are cheap levels and broker forecasts are all positive.|