Share Name Share Symbol Market Type Share ISIN Share Description
Petra Diamonds LSE:PDL London Ordinary Share BMG702781094 ORD 10P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.30p -4.30% 95.70p 95.75p 96.10p 101.00p 95.80p 100.30p 3,517,870 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 324.2 56.7 7.8 12.1 509.11

Petra Diamonds Share Discussion Threads

Showing 7101 to 7125 of 7125 messages
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DateSubjectAuthorDiscuss
24/7/2017
11:17
From share price Angel Company News Petra Diamonds (PDL LN) 99.7p, mkt cap £530m - Production up 8% y-o-y to 4m carats • Petra Diamonds reports that during the financial year to 30th June 2017, the company produced 4m carats of diamonds. The figure is in line with the 8-9% downward revision issued in June to the previously indicated expectation of 4.4m carats. • Revenue increased by 11% to US$477m and the company highlights that both production volumes and revenues are records for the Group. • In FY 2018, Petra Diamonds is guiding towards a 23% increase in output to 4.8-5.0Mcts and is indicating that “The mine planning process is focussed on maximising value as opposed to maximising production volumes.” Beyond that the company is looking for output in the range 5.0-5.3M carats in FY 2019. • The company’s FY year end cash balance was US$205m and net debt amounted to US$554.4m (FY 2016 US$382.8m) though the company states that “With Capex now on a declining trend, debt levels will start to fall in FT 2018 and the Company expects to become free cashflow positive during FY 2018.” • At the Finsch mine, production increased by 16% to 1.82m carats and now that the delayed Block 5 sub-level-cave is now operating at the planned levels lower grade tailing production expected to decrease. • The previously announced delays to plant commissioning at the Cullinan mine notwithstanding, Cullinan produced a 16% increase in output to 486,509 crats. The plant has now come into commission and “the increased contribution from undiluted ore is expected to increase the ROM grade to ca 43 cpht in H1 FY 2018 and ca 50cpht in H” FY 2018”. • The company identifies continuing stability in the rough diamond market, with “evidence of an improving retail market in China and a recovering market in India” offsetting mixed results in the US. The Diamond Producers Association is to launch “its first marketing campaigns in India in September 2017 and in China in April 2018.” Conclusion: Despite setbacks during the year, Petra has delivered both record production and revenue and is now looking to become cash flow positive during FY 2018 as it accesses undiluted ore from its new production areas at Finsch and Cullinan.
ukgeorge
24/7/2017
11:09
Petra has historically dropped on results, even when positive. At least that's what I found last year when I was last in. Normally rallies + 3-5 days following RNS.
tini5
24/7/2017
10:18
what are the big negatives here i thought the update read well!
ali47fish
24/7/2017
10:09
In auction.
bulltradept
24/7/2017
10:03
The way the price is reacting currently looks as though it could go lower from here.
bulltradept
24/7/2017
09:52
Now here's where we're hoping for the bounce ;-)
argylerich
24/7/2017
07:35
Mixed news, let's see what the market thinks.I suspect a down tick but the jam tomorrow still looks good.
argylerich
21/7/2017
12:19
Looking at the chart, looks like the short term DMA is reversing as the longer 200 DMA starts to fall. Good sign that this is a reversal of the downward trend over the last 7 months.
tini5
20/7/2017
10:47
Canaccord Genuity cuts target price to 150p from 165 but retains buy recommendation. And yesterday via "trading central" alerts via IG: Our preference: the downside prevails as long as 107.75 is resistance. Alternative scenario: the upside breakout of 107.75 would call for 115 and 119. Is is fair to say we may be testing that resistance yesterday and today?
tini5
19/7/2017
19:11
At these levels i think so
ukgeorge
19/7/2017
18:16
is this good long term- i am not a trader
ali47fish
19/7/2017
16:00
Missed the sub £1 but back in now for a small position. Will add further into next week if the anticipated news is positive.
tini5
19/7/2017
11:42
Short cover working wonders, nailed it right on the bounce! Markets are good, really good!
ddubzy
18/7/2017
13:04
yup, proper bounce. Broker upgrade?
argylerich
18/7/2017
09:30
Go Petra go :)
ukgeorge
14/7/2017
11:30
Diamond supply chain under pressure as banks withdraw finance, sales fall and margins come under increasing pressure • Growing stress within the diamond supply chain may be squeezing cutting and polishing margins to breaking point • Lower sales in the US reported by Tiffany do not bode well for the sector while two of the major lenders to the diamond supply chain are pulling out. • A major Belgian bank recently seized goods belonging to a manufacturer through it has since been ruled in a Belgium court that the goods be returned.
ukgeorge
10/7/2017
11:18
Hopefully the rand is about to crash which will help lower costs.
ukgeorge
04/7/2017
08:17
Looks like under £1.00Is coming
elliotset
29/6/2017
20:31
I think 107p will prove to have been a buying opportunity
ukgeorge
28/6/2017
10:52
SP Angel's view Petra Diamonds (PDL LN) 105.5p, mkt cap £561.2m - Flagging a shortfall in FY 2017 production guidance • Petra Diamonds reports that as a result of slower than expected build up in production at its mine expansions, principally at Finsch and Cullinan, it expects 2017 production to be around 8-9% lower than the guidance figure of around 4.4m carats. • As a result, the company is also expecting a similar shortfall in revenue “and financial results for the Year are therefore also forecast to be below market expectations.” • The company, which is aiming to reach annual production rates of around 5.3m carats by FY 2019, confirms that production is now running at a rate “which supports FY 2018 production guidance of ca. 5 million carats (which, as stated before, is being reached a year earlier than originally anticipated).” • The ramp up of production from the sub-level cave at the Finsch mine “took longer than expected [but] it is now operating at the required levels.” • At the Cullinan mine, where there have been significant plant upgrades, “both mills and crushing circuits have now been commissioned, with the first mill and crushing circuit having been run successfully for over a month.” • The accumulated run-of-mine (ROM) stockpile at Cullinan, expected to be around 400-450,000 tonnes by the year end, will be processed during H1 of the 2018 financial year as the additional processing capacity becomes fully operational. • Referring to the banking implications of the slower than expected production build up, Petra Diamonds notes that it “has had initial constructive discussions with its lender group and is confident that the likely shortfall in the upcoming ratio measurement, arising from the lower production levels, will not present an issue.” • We note that, in September 2016, Petra Diamonds reported that as it had not achieved revised covenant ratios with its lenders it was not declaring a dividend for FY 2016. The company may find that it faces similar restrictions in relation to FY 2017. Conclusion: Petra Diamonds has experienced a slower than expected build up in its planned expansion and as a result is warning that it is going to miss production targets. We are reassured, however, that this is a largely historical setback and that looking to the future the company is expressing confidence in its ability to achieve the longer term production expansion targets.
ukgeorge
28/6/2017
08:53
From Investec, but how much of this is now priced in.  Petra Diamonds (PDL LN) downgrade announced with regards to capital programmes and production profile. The company reports that due to the slower than expected build-up of its expansion programme across its operations, production is forecast to be 8-9% lower than the 4.4mcts guided for in FY17E. The company is in discussions with its lenders concerning breaches of covenants due to the shortfall in production but is confident of reaching an agreement. Source: Company Investec view: Due to past challenges in delivering to plan we had already pulled production below guidance to 4.033mcts for the year. However, the need to renegotiate covenants is within months of renegotiating them to avoid breach which is concerning. Petra’s plans are ambitious and it is making progress that in time should deliver material value, however the company continually struggles to meet guidance. We note the company’s predominantly South African exposure is a challenge in light of the proposed mining charter. We look toward the next update on 24th July.
ukgeorge
19/6/2017
16:37
why gozzy? it might help iyou explain and thanks in advance!
ali47fish
19/6/2017
13:10
Don't sell and relook again this time next year
gozzy90
19/6/2017
08:52
the motly fool sys sell- is this going to survive thus reform or should we sell?any comments welcome
ali47fish
18/6/2017
11:06
South Africa seems to be determined to become the next Zimbabwe. Sad news for the average S.African
salpara111
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