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
  +0.36p +0.96% 37.92p 37.50p 37.64p 38.00p 37.34p 37.46p 5,315,685 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 375.0 -64.4 -23.7 - 328.14

Petra Diamonds Share Discussion Threads

Showing 7576 to 7599 of 7600 messages
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DateSubjectAuthorDiscuss
20/9/2018
13:01
Someone is still selling away, but there's been no increases by the current declared shorters in the last few days. For all that is being sold, they're slowly being hoovered up.
argylerich
20/9/2018
12:26
looking purely at the chart and my tea leaves.... On the candle stick seems to be making a nice continuation pattern. Suggesting a five pence or so rice if it breaks out.
ukgeorge
20/9/2018
10:08
obviously didn't pay them enough....
ukgeorge
20/9/2018
08:38
Berenberg initiate coverage with a bold 40p Hold ;-)
argylerich
19/9/2018
12:13
hopefully just consolidating before going after 40p after that the next stop should be 45p
ukgeorge
18/9/2018
17:27
Target price 70p
tomatoma2
18/9/2018
12:18
Opportunities like this is what I love about the stock market. Sure you have to be on the ball and ready to sell out at a loss when they announce things like a rights issue. But then let the dust settle, and you were able to buy under the rights issue price by at times near 20%. Added to this the rand was falling improving the outlook for the company. Fingers crossed that whoever they bring in is capable and does not wan to go off buying anything or has any wild capital expenditure plans. I want petra to be very boring, reducing capex, debt and producing at steady state. Also headging the rand is a welcome announcement. 50p or 60p would be great 70p might take a couple of years and for some of the above to be met
ukgeorge
18/9/2018
11:18
Fingers crossed for a close over 40p this week.
ukgeorge
18/9/2018
08:33
Citigroup upgrade to Buy, price target 70p
argylerich
17/9/2018
16:19
From SPAngel Petra Diamonds (PDL LN) 38.28p, Mkt Cap £331.3m – Annual results • Petra Diamonds reports a loss of US$203.1m for the year ending 30th June 2018 (2017 – profit of US$20.7m). The result reflects a loss of US$104.3m on the discontinued operation at the KEM joint-venture as well as a previously announced US$66m impairment charge against the Koffiefontein mine. • The company, however, highlights the 37% increase in adjusted EBITDA to US$195.4m (2017 – US$142.6m) and the 25% increase in revenue to US$495.3m (2017 US$394.8m). • The adjusted operating cash flow rose by 7% to US$157.0m (2017 – US$147.0m) “despite the negative impact of the blocked Williamson parcel and overdue VAT receivables in Tanzania.” • Petra Diamonds notes that, towards the end of the financial year operational improvements became apparent at Koffiefontein “as a result of the commissioning of the new ground handling system in Q3 FY 2018” and that, with these improvements continuing so far this financial year, “We believe that we have now put the right conditions in place for this mine to start making a positive contribution to the Group in the current financial year”. • The rationalisation of the operating portfolio has seen the disposal of the KEM joint-venture to the sole ownership of Ekapa Mining “thereby ensuring its sustainable future, under the stewardship of an operator best suited to maximise its value”. • Net debt fell to US$518.8m at 30th June 2018 (30th June 2017 – US$553.4m) with the cash component representing US$236.0m (2017 – US$203.7m). • Commenting on the results, CEO, Johan Dippenaar, pointed out that “FY 2018 yielded good operational results, the highest on record to date, in spite of the challenges experienced in FY 2017 and H1 FY 2018, and this was underpinned by strong safety performance across the Group.” • Petra Diamonds explained that the “diamond market was stable throughout FY 2018, though subject to normal seasonal fluctuations in pricing, with Petra's prices on a like-for-like basis were up ca. 2% for the Year, compared to FY 2017. … The start of FY 2019 saw typical seasonal weakness during Petra's first tender of the year with prices down ca. 5% on a like-for-like basis, compared with H2 FY 2018, mainly due to softer prices in smaller size ranges. The Company expects the diamond market to be broadly stable during FY 2019.” Conclusion: Petra Diamonds has rationalised its operating portfolio with the disposal of KEM and the improvements at Koffiefontein we look forward to the fruits of the strategy in FY 2019
ukgeorge
17/9/2018
14:00
The last 3 trading days have seen a positive push when the yanks have opened... I wonder what we'll see today. ....A slimmed down Petra...no debt...churning out divis...we can but dream :-)
argylerich
17/9/2018
13:00
Thanks Argyle, sub 40p was a great buying opportunity. Roll on the company reducing debt. I would not be surprised to see them sell Koffiefontein
ukgeorge
17/9/2018
12:06
Chunk of broker info courtesy FT Alphaville: Petra Diamonds Ltd (PDL:LSE): Last: 39.30, up 2.62 (+7.15%), High: 39.34, Low: 36.84, Volume: 3.03m 11:59 am BE Mixed numbers, which RBC can summarise. 12:00 pm BE The results were weak, but with $40m of additional, one-off, depreciation charges, it appears the FY18 financials have cleared the decks for future reporting. The company confirms that CEO Johan Dippenaar will step down once a suitable replacement is named. Q1 production is 10% ahead of guidance. Although diamond prices remain weak, we continue to see significant value in the shares. 12:00 pm BE Full year results came in below our expectations with EBITDA at $195m vs. RBC $203m, although this is largely due to the stripping out of the to-be-sold KEM asset and associated restatements. Adj EPS at $0.01 was significantly below our $0.08 number, but this was impacted by a $40m higher non-cash depreciation charge related to accelerated depreciation in old mining areas at Cullinan and Finsch. The pre-announced $66m write down also impacted numbers as expected. 12:00 pm BE The company has disclosed July and August production at 718kcts which we calculate to be at 4.3mcts annualised and 10% ahead of our expectations. We believe this lends credence to the thesis that the company has provided an overly conservative (yet understandable) guidance level for the year. This positive however is offset to an extent by the September tender achieving a -5% decline below the average price in the past 6 months. September is generally the weakest period in the seasonal rough diamond market, but Cullinan prices continue to be at the low end of the range. 12:00 pm BE So .................. 12:01 pm BE As part of our commodity and currency price update, our FY19 ZARUSD forecast moves from 12.5 to 14.6 (LT from 12.5 to 13.5) and we reduce our diamond price forecasts by 3% (in part by lowering Cullinan specific prices to $131/ct). This sees earnings and cashflow forecasts increase, moving our target price to 60p (previously 55p). Challenges remain but we see the shares as fundamentally mispriced and re-iterate our Outperform rating. 12:01 pm BE Background here is Johan Dippenaar departing post the emergency rights issue, yes? 12:02 pm BE Here's Canaccord. 12:02 pm BE These results paint an underlying picture of operational improvements and the development of a corporate structure more in keeping with a miner moving from being capex-intensive to a stable and larger producer and, hopefully, a strong free-cash flow generator. The positives we saw at Cullinan recently plus the benefits of a weaker ZAR and a more comfortable (though still highly levered) balance sheet must be weighed against the need for Cullinan to deliver larger white and blue stones to take its average price above FY18’s $124/ct average (H2 FY18 was $118/ct). On balance we think there is a positive message in these results, but proof of delivery is needed for sustained rerating. 12:02 pm BE And Panmure. 12:03 pm BE
argylerich
17/9/2018
11:45
Fingers crossed that this is the start of a better couple of years for petra.
ukgeorge
17/9/2018
10:20
Well Mr Market seems happy. The risk/reward profile seems to be shifting towards the upside now with costs/debt under control. Only the Williamson blot remains, but that's priced in at these levels. Roll on the low 40s and if we have a clean 3 months, over 50p by christmas as the ship is seen to pick up speed.
argylerich
17/9/2018
09:45
Next area is 47p on a weekly basis
matt123d
17/9/2018
09:41
I'll be happy with 45p :)
ukgeorge
17/9/2018
09:39
Back to 80p in no time this... certainly before year end IMO
g2theary
17/9/2018
09:17
""Johan has led Petra through a long period of significant growth, taking the Company's annual production from approximately 175,000 carats in FY 2006 to 4.6 million carats in FY 2018, and establishing the Company as a leading independent diamond producer. As Petra now approaches the final stage of its expansion plans, it is positioned to reap the benefits and, in line with the Nomination Committee's Succession Plan, a successor for the CEO position will be appointed in due course. Johan will continue in the role of CEO until this time and will work closely with the Board to ensure an efficient handover. I would like to take this opportunity to express the Board's sincere gratitude for all that he has done for Petra." A long time overdue and my favourite piece of the update.
ukgeorge
17/9/2018
08:37
need a pile more money
resourceful
17/9/2018
08:37
Also there is 5% of shorts to close on this :)
g2theary
17/9/2018
08:28
These should come good now :)
g2theary
17/9/2018
08:03
No new horror stories then, let's see what the market thinks
argylerich
14/9/2018
20:57
First higher high close on the weekly since the beginning of June!
matt123d
Chat Pages: 304  303  302  301  300  299  298  297  296  295  294  293  Older
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