Petra Diamonds Share Discussion Threads

[r88ave] 19/7/2022 10:15

Im in too cheap......diamond prices will remain high due to Russian sanctions limiting diamond supplies for years to come. Good long term hold this one. Luckily for current PI this is not on the radar as much, good time to accumulate now before big rise which is way overdue.

[farrugia] 19/7/2022 07:42

reads good to me

[swinsco] 19/7/2022 07:06

Outstanding update. Net debt now at $40 million.

[swinsco] 18/7/2022 08:39

Update to look forward to, tomorrow. Think it'll be a good one.

[farrugia] 30/6/2022 11:58

yes wider market conditions at the moment are terrible. I'm having one of my worst years - one needs to back the companies that will emerge from this storm and hopefully PDL will be one of them.

[king suarez] 30/6/2022 10:56

FY 2022 revenue of $585m is pretty huge.

The interims showed $265m revenue, so that is $320m for the 2nd half.

Free cash flow in H1 was $122m and net debt was $152m.

With an additional $55m revenue in H2 over H1 results FCF could be enough for Petra to be in a net cash position as of now, depending on level of Capex spending?

Fundamentally very strong and throwing off cash. I know there is a programme of significant capex for the next few years, but this appears very cheap to me. I have a small position..

[swinsco] 30/6/2022 10:32

Nice intro to the tender sale RNS.

[richie32] 27/6/2022 16:37

Great stuff. Hope for more tomorrow

[swinsco] 27/6/2022 16:25

Chuffed with todays bounce back, mapocho.

[mapocho] 27/6/2022 16:20

Swinsco, I don't think you got it wrong. Going to see more fcf than market cap come results. Huge turnaround in the business...

[r88ave] 25/6/2022 07:14

Have an eye on this one buy and load up around 80p imo
Must be very close to changing trend. Oversold

[swinsco] 24/6/2022 16:15

This is a sick pup. Hands up, I got this one wrong.

[swinsco] 17/6/2022 13:13

Added to my holding. Looks very good value at this price.

[davethehorse] 03/5/2022 11:59

https://www.diamonds.net/News/NewsItem.aspx?ArticleID=68635&ArticleTitle=Diamond%2bTrading%2bReflects%2bMarket%2bSplit

[mapocho] 03/5/2022 09:41

Yep 86 million.. Comparative not useful on the spike in March. Diamond prices beginning to strengthen again. Another 86 million in June? 180 million for the quarter? 140 million last quarter..
What's more important is the underlying business transformation and the falling away in debt imo

[dsaurez] 03/5/2022 09:34

They still generated 86 million whats not too like

[davethehorse] 03/5/2022 09:26

Near 24% decline in diamond prices - wow!

[mapocho] 03/5/2022 09:17

And another 6 million exceptional...
Earning in dollars.. Good against a weak pound..

[mapocho] 03/5/2022 08:57

Another nice tender... Remember another one coming in June. With diamond prices strengthening again we should easily beat q3 revenue of 140 million..
Debt falling away rapidly imo

[mapocho] 02/5/2022 13:15

Diamond prices on the up due to Russian sanctions. Remember 30% fewer carats sold this last quarter and still generated 140 million in revenue without any real contributions from exceptionals. An outstanding performance. A billion in revenue coming soon IMO.

[mapocho] 28/4/2022 08:29

See Petra selling one of their loss making mines. More cost saving and cash to reduce debt. Debt could fall more than 50 million in q4.. Soon be gone to be replaced by dividends.
30% tariffs now on Russian diamonds. Will need to source from other areas. Surely a return to 10p in old money or 500p in new is on the cards imo

[wigwammer] 21/4/2022 06:38

Free cash flow here will get a further boost as available cash is used to pay off debt as it hits maturity. They will be paying $30 odd million in interest each year while receiving little back on cash held, so all of that will eventually fall to the bottom line. I suspect the price reaction has been muted as the market digests higher expansionary capex in future years, but when falling interest payments, a higher diamond price environment and further exceptional stone discoveries are priced in, we will see a far higher equity price. IMO. A very happy holder from 85p :)