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
  +8.00p +13.50% 67.25p 69.70p 70.50p 73.45p 57.55p 58.80p 10,243,029 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 366.6 35.7 2.7 25.7 581.94

Petra Diamonds Share Discussion Threads

Showing 7451 to 7474 of 7475 messages
Chat Pages: 299  298  297  296  295  294  293  292  291  290  289  288  Older
DateSubjectAuthorDiscuss
15/6/2018
16:37
i held them for a long time - as you know they have been volatile and unpredictible- any help appreciated
ali47fish
15/6/2018
16:11
What got you into shares in the first place ali47fish ?
dogwalker
15/6/2018
16:07
I ran a dummy sell on 920 shares nil rights given me a sell price of 25p per share- and i cant even sell elecdronically as i am notified to contact desk and i am abroa i cant believe all these posters buying their rights- so idont even know what to do
ali47fish
15/6/2018
09:28
If you don't take any action your rights will be placed in the 'rump' and you'll receive your share of the proceeds a few days later. Some people will warn that you may not get a very good price and it's better to sell the nil paid rights at the time of your chosing. I'm not sure that's always the case, depends how lucky you are on timing. The nil paid rights price (PDLN) should track about 40p below PDL.
typo56
15/6/2018
08:41
Typo thaks foer your help- i have never sold rights before- is it the same thing if i dont take any action at all- which is likely i am minded to do
ali47fish
14/6/2018
21:35
Sorry to disappoint you but, IMO, rights issues are a smoke and mirrors exercise and they don't really give existing holders any advantage over anyone else buying in the market. To illustrate: If you held at close yesterday you'll now have some tradeable rights shares (PDLN). On payment of 40 per PDLN share you can convert these to fully paid PDL. Bargain! What's not to like? Thing is, if you don't take up the rights you could sell them in the market for 18p. So the total cost of taking up the rights is actually 58p. And that 18p per PDLN share hasn't come for free. You've paid for it in price drop today as PDL went ex-rights. More than paid for it in fact. Anyone could have bought the PDL shares in the market today for 56.5p. There's no special 'loyalty bonus' deal for existing holders. So don't take up your rights simply because you think you're getting a bargain. You're not. Only take them up if you believe in the prospects of the company. If you want to maintain the same level of investment, sell some of the rights to fund taking up the remaining rights.
typo56
14/6/2018
21:20
sorry Typo i am none the wiser- iam already invested and in the red given discount there must be some advantage to existing shareholders- more importantly do you reckon based on the assets pdl has wheter eventually the company will recover and grow? and wht are you doing assuming you are already invested
ali47fish
14/6/2018
10:32
Deadline depends on your broker. They should be contacting you now, but timetable looks tight. You'll probably be needing to accept and pay by end of next week. If you want to sell the nil paid shares I think they'll be trading up to and including 28 June, but I may be wrong there. Otherwise you let them laspe and hope to get a reasonable price in the rump.
typo56
14/6/2018
10:14
Anyone knows when is the deadline for all of this? I mean if I want to exercise my right to sell etc?
farooko
14/6/2018
09:53
By 'buying the rights' do you mean buying the PDLN nil paid shares? Or do you mean exercising your rights? Either way, costwise it's not really much different from buying PDL, except you save on stamp duty and, if you're exercising rights, dealing costs. Remember, if you don't take up your rights you can sell them or simply let them laspe and receive payment for them. Therefore the full cost of taking up your rights isn't 40p, it's 40p plus what you could have got selling the rights. And that full cost is much equivalent to the price of buying PDL shares. Rights don't really confer any benefit to existing holders.
typo56
14/6/2018
09:07
can someone set out clearly if it is worth buying the rights please- either people know or simply gambling!
ali47fish
14/6/2018
08:55
Exactly, but there are issues with the raise as has been pointed out.
bulltradept
14/6/2018
08:47
55p today? If so, why would anyone have bought at 74p yesterday? Not worth it to get the rights.
typo56
14/6/2018
08:43
Got to expect a discount in the market today, closer to 55p would be nice.
bulltradept
14/6/2018
08:24
It's ex-rights today. So you now also hold the nil paid rights (PDLN). Together they're worth almost as much as yesterday. (PDL needs 60.9p to be exactly the same as close yesterday).
typo56
14/6/2018
08:20
what the hell is going on is this a massive dilution
resourceful
13/6/2018
21:12
UKgeorge- with the rights issue happening is it still worth it to take them for the medium/ long term in PDL?
ali47fish
13/6/2018
16:37
UKgeorge- with the rights issu happening is it still worth it to take them for the medium/ long term in PDL?
ali47fish
12/6/2018
15:49
Trimmed most at 73p gap entry, decent move from low 60s.
matt123d
11/6/2018
11:21
You need to take up your rights or sell. The rights allow you to buy shares for 40p!!! After the rights issue goes through the shares will likely fall to around 62p. I agree with Liberum in that the rights issue wasn't needed and has screwed over the potential for this tho be a multibagger.
ukgeorge
11/6/2018
09:13
with verdict below- maybe i will not take up my rights Liberum downgrades Petra Diamonds Liberum has downgraded Petra Diamonds (PDL), taking the view that the road to project delivery and deleveraging has taken too long. Analysts Ben Davis and Richard Knights downgraded the diamond mining group to a ‘hold’ rating and slashed its price target from 115p to 70p. The move follows production downgrades, weaker pricing and the recent announcement of a $175 million right issue. ‘On our numbers we did not see the need for Petra to do a rights issue, given that the company is now in deleveraging mode,’ the analyst said. Even if the targeted run rates are achieved, the analysts said weaker pricing and the strong rand had hurt Petra’s value proposition. The shares fell 1.3% to 66.5p on Friday.
ali47fish
08/6/2018
16:22
Looks like the rand is devaluing. good for Petra
cflather2000
07/6/2018
22:01
Back in here today, breaking above the weekly, see if there's a couple of days of a bounce in it to fill the gap to 75p area. Holding GEMD also.
matt123d
07/6/2018
18:55
A bit annoyed by this rise
ukgeorge
Chat Pages: 299  298  297  296  295  294  293  292  291  290  289  288  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20180617 23:44:27