Share Name Share Symbol Market Type Share ISIN Share Description
Petra Diamonds Limited LSE:PDL London Ordinary Share BMG702781094 ORD 10P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.245 3.26% 7.755 3,929,821 16:27:26
Bid Price Offer Price High Price Low Price Open Price
7.755 7.845 7.85 7.50 7.625
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 374.99 -64.35 -23.69 67
Last Trade Time Trade Type Trade Size Trade Price Currency
17:13:19 O 31,436 7.755 GBX

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Date Time Title Posts
17/10/201919:34Petra Diamonds: Post Merger: What's Next?3,865
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
2019-10-17 16:13:287.7631,4362,437.86O
2019-10-17 15:55:327.785,000388.80O
2019-10-17 15:35:227.7625,9912,015.60AT
2019-10-17 15:35:127.76125,7459,751.52UT
2019-10-17 15:28:057.842,539199.01O
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Petra Diamonds (PDL) Top Chat Posts

Petra Diamonds Daily Update: Petra Diamonds Limited is listed in the Mining sector of the London Stock Exchange with ticker PDL. The last closing price for Petra Diamonds was 7.51p.
Petra Diamonds Limited has a 4 week average price of 6.21p and a 12 week average price of 6.21p.
The 1 year high share price is 46.10p while the 1 year low share price is currently 6.21p.
There are currently 865,336,485 shares in issue and the average daily traded volume is 5,118,584 shares. The market capitalisation of Petra Diamonds Limited is £67,106,844.41.
psb123: I just cannot understand the price of this share. I've been buying this for a couple of months so please bear that in mind and do your own research, however... Petra is priced almost as if it was going to go bust but I cannot see how that can happen. I always try and play ahead to what might happen and even if the share price wasn't able to recover substantially from here (and my basic analysis puts it's value at a minimum 3-6 times current price) there is too much value in there and someone would surely acquire and have to pay a premium to today. Using broad, round numbers the market cap is circa £60m, the net debt is circa £500m, interest on the debt is circa £50m and the free cash flow is circa £70m at current levels (with a likely recovery in diamond prices and a major turnaround project underway). Simplistically if I had £560m I could buy the business outright and pay off the debt, immediately wiping out the interest and have an asset delivering and immediate £120m return (£70m FCF plus the extra £50m no longer paying the debt) for an immediate 21% return for decades to come. Factor in some not unreasonable assumptions about diamond pricing (given supply is likely to crunch from next year) and operational improvements and it's not difficult to imagine that return being more like 35-40%. More likely I would pay off half the debt and restructure the rest at a lower interest rate given the reduced risk profile. I'd then be looking at something like £300m for a £100m annual return (still paying £20m a year interest), potentially rising to as much as a 40-50% annual return with assumptions around prices and efficiency. You can attach your own valuations to a business delivering those kind of returns but on any basis you'd have to say it would be a large multiple of today's valuation. The value of the asset is so much greater than today's share price implies and I can't see how it could go bust because there would always be a way to realise that underlying value even if sold off at a huge discount to true value it would still be miles higher than today. And I see that as a reasonable worst case scenario, more likely Petra are able to realise that value themselves over the next few years and then you could be talking about truly huge multiples of today's price. Am I missing something? I genuinely can't believe how oversold this is
atticusfinch1: Afternoon All I have been a holder of PDL previously, 15 years ago I first held investment for a couple of years. I have been tracking again recently as has always remained on my radar. I've recently started to build a position again, as this appears to be very good value now (IMO) (operating cash flow above market cap). Whilst the share price langhishes down here, looks like good upside providing, cap ex controlled, diamond prices don't continue to slide. Upside could be strong when diamond market gains strength, and there is always the chance that Petra find a few more decent size stones - that creates a quik bounce. yes market may take several months to turn, but like most things they increase on signs of shoots, therefore happy to build now!
r88ave: Bought some more Duffy really needs to provide exceptional conference this am to steady the ship to what’s already stupid share price at the moment
ukgeorge: Laptop every time you post the share price falls.
ukgeorge: Upwego,I love your confidence. It doesn't take long check what a share is doing. I'm sure you do it on shares you either have held or are tempted to buy.Anyway hopefully you are right and they start finding a lot of 100+ ct stones. Because the only fact is that at last count the company had $560M in debt in a weak diamond market.Good luck on catching a bounce in what is surely now just a zombie company edjing closer to bankruptcy. One morning you will likely wake up to see the share price down 90%. Have a nice day.
laptop15: BACK TO DOUBLE FIGURES....VIA PERFECT STORM....Let's see if PDL have some news for us this week Technically the share price could bounce well into double figures without any news ad its very oversold and undervalued Plus looking very much like the seller is out or virtually so a bounce will come from that alone.ADD to that the SHORTERS that will definitely start closing= PERFECT STORM BREWING FOR PDL NOW
ukgeorge: Ultimately the share price is going to prove who is right on this share.They are a massive gamble yes they could treble if not more, but there is also a chance that you lose a lot if not all of your money.They managed to pay the coupon payment on the bond, wow. Debt rose over the year. $560M now which will need repaying. So at some point it will need to be renegotiated. It will come down to how the bondholders want to play it out. Good luck on your gamble.
ukgeorge: the phrase is sharpest tool in the shed or box........ Lets see where the share price is by Friday. What % are you down now?
titasiinitramho: Https:// Petra Diamonds Limited provides the following comment in response to the recent share price performance following the release of the Company's FY 2019 Trading Update and FY 2020 Guidance on 22 July 2019. The FY 2019 Trading Update highlighted that Petra delivered a solid set of operational results for FY2019 with improved safety (LTIFR improved from 0.23 to 0.21), production of 3.87 Mcts, in line with guidance, and lower capital expenditure of US$81.7m (down from US$129.6 million in FY2018) and below the Company's FY2019 guidance of US$100 million. Petra generated $17 million of free cashflow (after adjusting for diamond debtors) in the second half of FY 2019, after paying the interest on the bond ($23.6 million) and repaying $20 million against the BEE loan. In other words, operating free cashflow for the second half of FY 2019 was over $60 million. This is a significant achievement given the current challenging market conditions in rough diamonds. The Trading Update introduced Project 2022, an initiative that will identify and drive efficiencies and improvements across all aspects of the business to enable the Company to deliver an initial target of $150-200 million free cashflow over a three year period. Project 2022 will focus on enhancing cashflow generation and reducing net debt to provide optionality to address the refinancing of the bond. The Company is not considering raising equity to refinance the bond. Project 2022 is a bottom up assessment of the business and is based on the following prudent assumptions: · flat nominal diamond prices over the three year period; · the exclusion of any exceptional stones (defined as having a value of US$5 million or greater) from our Cullinan Diamond Mine; and · an exchange rate of ZAR14 to US$1 in FY 2020, devaluing at 3.5% annually to ZAR14.49 in FY 2021 and to ZAR14.99 in FY 2022. . Therefore the initial target of $150-$200 million of net free cashflow in the years 2020-2022 has potential upside in additional cash generation from improved rough diamond prices, a weakening in the Rand beyond the assumptions above and the continued recovery of exceptional diamonds from Cullinan. Some third party commentary in relation to the capex guidance published in the FY 2019 Trading Update has raised concerns around potential increases in capex spend beyond FY 2020. We have been able to lower our capex budget for FY 2020 by bringing forward some spend to FY 2019 as well as re-prioritising all projects across the Group's operations. The reduction in the FY 2020 capex guidance nevertheless provides for the ongoing sustainability of the business. Moreover, now that Petra has effectively completed its significant capital expenditure programme across the Group's diversified asset portfolio, there is no requirement to invest any significant expansionary capital between FY 2020 and FY 2022. We are in the process of updating our Life of Mine plans taking into account current diamond prices, which will be presented to the Board in September and will publish capex guidance for FY 2021 and FY 2022 with our Preliminary Results on 16 September. Our business remains robust as evidenced by our FY 2019 results. We have cash resources of $90 million together with ZAR1 billion (US$70.4[1] million) revolving credit facility and ZAR0.5 billion (US$35.2 million) in working capital facilities. Furthermore, Petra has thethird largest global diamond resource (in excess of 250 Mcts as at 30 June 2018), providing organic growth opportunities well beyond 2030. Richard Duffy, CEO of Petra Diamonds said "We are executing our plans and delivering to budget as we launch Project 2022. We expect that this will deliver significant incremental cashflow over the next three years, further improve our net debt position and provide us with future growth options".
mad_ max: Duffy is coming from the finance side of the business...he was CFO at ashanti gold..the investment to upgrade the infrastructures of the mines is finished and at the top of order to mine bigger stones without risk of breaking them. Also a capital increase should be welcome at this stage. Look at the 20 year chart...periodically Pdl goes from boom to bust..this levels already seen several times in the past...from 20 pence to 1.40..2 pounds...several times. Lucara diamonds on the Canadian mkt with no debt..surely not booming as far as the share price is concerned sells for three times sales..same exposure to africa... PDL considering the debt now should be selling st least for 1bln mkt cap...for having the same valuation of Lucara..put a discount..ok..60p to 70p..the right price..that is the revised down Bmo securities target price. Jpm morgan 35p...Goldman 32p...I am
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