We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petra Diamonds Limited | PDL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.30 | 0.72% | 42.00 | 16:35:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 41.10 | 41.10 | 41.10 | 42.00 | 41.70 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 04/5/2023 14:54 by bobex Someone trying to make investors believe that diamonds have gone worthless? |
Posted at 18/4/2023 09:48 by davethehorse Petra saying payment of dividends being considered again on the investors call. Diamond prices strengthening over the last few months. |
Posted at 12/8/2022 09:48 by diamondandpearls Petra has been a disaster for investors since day one !!We invest to make not watch it go down the pan which most have done over recent times !! But agree they have turned the corner now but Mr Market still doesn't trust them as their previous history shows what a badly run company it has been. The cash is building up. But them notes need sorting ASAP because bondholders are calling the shots so that's why Petra is languishing at 2p in old money which is criminal by the way. I guess just hold and wait as the price is so discounted. Good luck all!!! |
Posted at 28/7/2022 08:22 by king suarez Historically this has been a bad investment for private investors, now the debt position is drastically lower than pre-debt for equity swap and easily serviceable with the healthy cash position and cash flow.As I said, the net debt position was only $40m as at 30 June - you can check the latest accounts, cash was around $288m with a big chunk of diamond debtors on top of that due. They could pay most/all of the current debt down with current liquidity and earn far more in free cash flow than needed to service the current debt interest. I think PDL will be paying dividends well before 2027. Not sure the bondholders, who own most of the business, would vote for being taken private at an undervaluation - afterall, they will want more cream through capital appreciation (and potentially dividends) surely? |
Posted at 27/7/2022 18:24 by diamondandpearls 330m notes due in 2026 with interest at 9.75% is always sweeped under the carpet by delusional investors !!Totaling around 440m to be payed by 2026 and thats FACT. Hrad cash position in the bank is ?? I have always found with petra it is always smoke and mirrors. The Cash generation is great but only for the bondholders not shareholders. All that cream will not see us untill 2027. And guess what they will probably go Private when tottaly debt free generating huge dividends. And shareholders get bought out for a pittance. Rant over |
Posted at 28/3/2022 14:13 by king suarez Too much debt, due to capex spending on the mines at a time when diamond prices were lower, due to Covid - causing a debt for equity swap with bond holders at a price that all but destroyed private investors at the time.Different proposition now with residual debt on track to be extinguished within 12 months or so, strong cash flow and rising diamond prices. |
Posted at 05/9/2021 12:30 by dubai123 Be interesting to see what the company has to say at the investor presentation on the 14th it's open to any investor and you can ask live questions so hopefully we can see where things stand. Need to register investormeetcompany. |
Posted at 12/8/2021 07:29 by burtond1 Should this Diamond be Cut or Polished? "...if the Diamond market continues to recover Petra's share price doesn't have to pick up by much to offer potential gains for bold investors..."https://t |
Posted at 05/10/2020 13:47 by davethehorse Virtually worthless to investors only the future "owners" imo |
Posted at 07/9/2020 13:19 by valuetracker It looks like they're trying to offload to private investors prior to turning off the lights. Could be wrong. Similar activity seen on the run-up to FastJet, Laura Ashley, and Debenhams. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
