Petra Diamonds Share Discussion Threads

[davethehorse] 30/1/2020 01:03

If the diamond market improves further I think 20p by year end is achieveable. They need to show they can generate cash snd reduce the debt, if they can the share will fly imo

[backinblack80] 29/1/2020 23:16

dave, what is your target and timeline here?

[davethehorse] 29/1/2020 20:58

https://www.google.com/amp/s/www.cityam.com/de-beers-records-highest-diamond-sales-since-april-as-2020-looks-brighter/amp/

[davethehorse] 29/1/2020 17:15

Peel Hunt re iterated its buy recommendation post update and retained its 18p price target.

[davethehorse] 29/1/2020 14:35

Petra shares pretty strong, can see them going 10p plus again very soon

[davethehorse] 28/1/2020 13:19

Shares will prob pause for breath and consolidate now around the 10p to 11p level until the next update unless some stunning stone news comes out

[davethehorse] 28/1/2020 13:10

I doubt it, once over 10p and at next update it will prob be raised again. These so called analysts use a model, based on info to date and limited future information

[oldtimer169] 28/1/2020 12:24

So will it become a sell at 10p?Shows how meaningless these targets can be.

[davethehorse] 28/1/2020 10:02

Upgraded from 9p

[davethehorse] 28/1/2020 10:01

Berenburg analyst says Hold 10p target

[davethehorse] 27/1/2020 14:56

Boing, boing...

[davethehorse] 27/1/2020 11:49

Anyone else listen to the analysts conference call, sounded very positive going forward for the year. Cash flow expected to improve in H2. Company comfortable with cash on hand, lending and covenants. Lets see what the analysts make of it later.

[davethehorse] 27/1/2020 11:03

Expect to see a decent bounce once the post results sellers are cleared out

[davethehorse] 27/1/2020 11:01

Really?? We will see...

[resourceful] 27/1/2020 10:57

are you nuts
they cant pay their debt
massive dilution coming
price at 5 or less

[davethehorse] 27/1/2020 10:19

Will we see director's buying in now..?

[davethehorse] 27/1/2020 10:09

Good for recovery going forward from here, DYOR etc

[resourceful] 27/1/2020 09:49

how is it good
its bust

[davethehorse] 27/1/2020 08:58

Short termers jumping ship but the prospects for 2020 and beyond are very good imo

[oldtimer169] 27/1/2020 08:05

Moving in the right direction.Good recovery share IMHO

[rochdae] 27/1/2020 07:55

Seems OK to me. Operationally improving … already been smacked by the market..

[scantrader] 27/1/2020 07:33

Update.

Revenue down. Inventory down. Net debt up