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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 Shares Traded Last Trade
  -0.34p -0.80% 42.08p 1,132,739 16:35:05
Bid Price Offer Price High Price Low Price Open Price
41.54p 41.84p 43.40p 41.60p 43.10p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 374.99 -64.35 -23.69 364.1

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Date Time Title Posts
19/1/201914:39Petra Diamonds: Post Merger: What's Next?2,968
24/1/201712:40PDL back on tracks?574
24/3/201215:57PETRA DIAMONDS (PDL)11

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Petra Diamonds (PDL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-23 17:05:4242.0811,8925,004.39O
2019-01-23 17:00:1442.5810,9184,649.10O
2019-01-23 16:59:5142.5945,52219,389.19O
2019-01-23 16:54:1342.269,0823,838.23O
2019-01-23 16:51:1342.334,3841,855.83O
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Petra Diamonds (PDL) Top Chat Posts

Petra Diamonds Daily Update: Petra Diamonds is listed in the Mining sector of the London Stock Exchange with ticker PDL. The last closing price for Petra Diamonds was 42.42p.
Petra Diamonds has a 4 week average price of 35p and a 12 week average price of 35p.
The 1 year high share price is 82.80p while the 1 year low share price is currently 32.56p.
There are currently 865,336,485 shares in issue and the average daily traded volume is 1,103,100 shares. The market capitalisation of Petra Diamonds is £364,133,592.89.
ukgeorge: Fingers crossed she puts a Shine on Petra's share price....
ukgeorge: 50 DMA sits at 37.3p so may be a bit of resistance. It seems to be forming a good base down here. Hopefully give it a few more weeks and all the stale longs will be gone and the share price can start a steady rise.
ukgeorge: two months ago this had a higher market cap, higher level of debt and higher costs (rand has subsequently depreciated). So from a fundamentals standpoint these are now less risky and have an improved outlook, yet the market values them less. Markets are not rational and this provides opportunities but the old adage that the markets can remain irrational for longer than most can remain solvent always also holds. So yes the share price is finding new levels of support and resistance but from a fundamental standpoint things have improved. So the risk reward has improved.
ukgeorge: Yes I no doubt will but I think I will be able to for certainly under 60p and possibly for closer to 50p. RBC will no doubt end up taking some shares at 40p which they will want to sell on and why not when they can get a 50% gain at 60p of 25% Gain at 50p. Easy win for banks who advise the company to borrow the money to fund growth, turn the screw in difficult times, suggest a rights issue to alleviate pressure make a killing. Zero risk game for them.... Also how often do you see a rights issue take place and in the coming months the share price falls to that price....
ukgeorge: I've not got the figures in front of me but williamson can't make up more than 10% of petra's npv. The share price fell something like 20% on the tanzania scandal. So I think that is fully priced in. So if anything the risk is to the upside. Cullinan and Finsch are the important mines and the capital spend is now declining and the company is back to have fcf so debt can begin to come down. The creditors have shown that they want to help so now the company needs to deliver and the last results showed that cullinan is starting to do just that. So I'm not too worried about these. But I have sold a lot (35k) now as I got impatient. Now got 15k left.
richwebster1492: IC's tip update may be found on the company information page online. They highlight that the last RNS is essentially a profit warning. They flag up the following: - the strong South African Rand (most of PDL's costs are in this currency) - cash profit for the year to June 2018 possibly coming in 15% below market expectations as a result of strength of Rand - weaker rough diamond prices in 6 months to December - the high debt of $645m - the shift to the recovery of higher-value diamonds(higher prices of $140-$160 per carat) IC say that the RNS brings the level of indebtedness back into focus hence the share price fall. They however expect lenders to waive the covenant breaches. While maintaining their buy call, they admit that this amounts to a "high-risk wager on management confidence".
ukgeorge: Petra Diamonds (LON:PDL) had its price objective trimmed by Barclays from GBX 118 ($1.60) to GBX 100 ($1.36) in a research report released on Monday morning. The brokerage currently has an overweight rating on the stock. PDL has been the topic of several other research reports. JPMorgan Chase & Co. reissued an overweight rating on shares of Petra Diamonds in a research note on Wednesday, December 6th. Canaccord Genuity dropped their price target on shares of Petra Diamonds from GBX 135 ($1.83) to GBX 120 ($1.63) and set a buy rating for the company in a research report on Tuesday, September 12th. Liberum Capital reaffirmed a buy rating and set a GBX 115 ($1.56) price target on shares of Petra Diamonds in a research report on Friday, September 29th. Panmure Gordon reaffirmed a hold rating and set a GBX 141 ($1.91) price target on shares of Petra Diamonds in a research report on Monday, September 18th. Finally, Macquarie reaffirmed an outperform rating and set a GBX 140 ($1.90) price target on shares of Petra Diamonds in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 125 ($1.70). hxxps://
cflather2000: Diamond prices are a bit weak ATM, and we are missing some diamonds. I'm worried the price will drop. However, this company has lots of institutional shareholders that shouldn't get spooked. Added to that, most of this must be in the share price already.Was massively stung by the card factory update this week. Hoping this one is better
sarpanch: This particular mine in Tanzania only accounts for 18% of Petra's revenue. Current share price already factored in this uncertainty. So it won't be a falling knife like Acacia. Petra said in a statement that its business was conducted in a transparent manner and that it had complied with all legislation in Tanzania.
bobsidian: In the Q1 2016 RNS: "Petra has initiated discussions with its bankers to ensure that its senior lender covenants are appropriate for the business and will update shareholders in that regard in the near future." Doubtless market forces are using the above near term uncertainty to crash the share price. That there is a need for such discussions probably suggests that debt covenants are in danger of being breached. A fast and furious move in the share price - either sharply higher or yet lower - seems likely on the announcement.
Petra Diamonds share price data is direct from the London Stock Exchange
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