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
  -0.082 -4.6% 1.70 1,806,445 16:46:17
Bid Price Offer Price High Price Low Price Open Price
1.64 1.80 1.934 1.69 1.934
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 365.21 -200.09 -20.63 15
Last Trade Time Trade Type Trade Size Trade Price Currency
16:46:17 UT 9,041 1.70 GBX

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Date Time Title Posts
16/9/202011:55Petra Diamonds: Post Merger: What's Next?4,378
24/1/201712:40PDL back on tracks?574
24/3/201215:57PETRA DIAMONDS (PDL)11

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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 1.78p.
Petra Diamonds Limited has a 4 week average price of 1.30p and a 12 week average price of 1.23p.
The 1 year high share price is 11.71p while the 1 year low share price is currently 0.79p.
There are currently 865,336,485 shares in issue and the average daily traded volume is 7,053,951 shares. The market capitalisation of Petra Diamonds Limited is £14,710,720.25.
hodhasharon: Share Price vs. Fair Value 86.2% Undervalued Current Price UK£0.018 Fair Value UK£0.13 Below Fair Value: PDL (£0.02) is trading below our estimate of fair value (£0.13) Significantly Below Fair Value: PDL is trading below fair value by more than 20%.
jaknife: Looks like a normal dead cat bounce. There was one in advance of Intu going bust, ditto Thomas Cook and pretty much in advance of every other company in history that's gone bust. The share price moving doesn't change the fundamentals - the debt is well in excess of the value of the assets. Once the offers are in they will have to RNS words to the effect that there will be nothing left for shareholders and debt-holders will only get partial repayment.
atticusfinch1: Interested to hear going bust arguments? Share price alone won't trigger that. Cash flow and servicing debt could. So how much will demand drop off impact cash and servicing debt? And in this climate what are odds of rolling debt over in lower rates?
laptop15: Some funny comments today...All the doom and gloom experts are out trying to save u all money from investing....I wonder why they are all so helpful?? When the share rises and it will they will be all gone. I have seen it many times. The company's going bust etc etc and years later the company is still going and share price is a lot higher. Good luck all those invested. Don't let the scaremongering get the better of you
oldtimer169: Expect to see the directors buying once the update has been released.They must be deeply disappointed in the share price performance,and no doubt frustrated that they cannot take advantage of the low level to which it has sunk.DYOR
atticusfinch1: Nice recovery of share price through the day from earlier mark down. I've been back in here since the 7p range.. any sign of uptick in diamond prices should see this one get re-rated quickly. Nov19 seems to be a turning point on price... but needs to be sustained.
fuji99: I think Petra's turn around will seriously start from next week following its update as it has already made loads of investments. The fact that Rio Tinto closed the biggest mine in the world will impact on the supply/demand side leading to diamond price increase. Adding reduced tensions between the US and China before year end, this will give a good kick start to this sector which always takes off around this pre- Chirstmas period. So any flagged up positives next Monday will take the share price to another dimension. Keeping in mind that as earlier as last June the share price was within 20p - 30p band without any positives. So I am looking for a share price band of 30p - 50p in the next 6 to 12 months, that is 400% - 600% from where we are now. PDL share price is at all time low so we cannot dig deeper than where we are for a miner with sales of $495 million and a market cap of just £60 millions.
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
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
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".
Petra Diamonds share price data is direct from the London Stock Exchange
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