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PDL Petra Diamonds Limited

28.70
0.40 (1.41%)
05 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petra Diamonds Limited LSE:PDL London Ordinary Share BMG702782084 ORD GBP0.0005 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.40 1.41% 28.70 6,721 16:35:03
Bid Price Offer Price High Price Low Price Open Price
28.10 29.40 29.40 29.40 29.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:03 O 27 29.40 GBX

Petra Diamonds (PDL) Latest News

Petra Diamonds (PDL) Discussions and Chat

Petra Diamonds Forums and Chat

Date Time Title Posts
22/1/202508:09Petra Diamonds: Post Merger: What's Next?4,871
14/4/202206:50Could please someone explain me why does this stock (look) so extremely cheap?1
27/4/201720:44Guy1
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
17:08:2929.40277.94O
16:35:0328.702,527725.25UT
16:22:4329.401,522447.47AT
14:57:4928.5310.29O
14:35:1428.4082.27O

Petra Diamonds (PDL) Top Chat Posts

Top Posts
Posted at 22/1/2025 07:53 by sleveen
How much of the $16m will PDL actually receive?

Very little IMHO.
Posted at 21/1/2025 11:04 by jaknife
r88ave,

"im buying here and will continue to buy if it keeps going low."

I think that that's a courageous call.

They've revised their estimated sales pricing down for 2025, on the previous forecasts they were only just narrowly expecting to be compliant with the bond covenants. I suspect that they will not be compliant as at 31 Dec 2024, when the number is actually calculated.

Note 19 on page 146 of the accounts:



shows that they need to have net debt to EBITDA under 3.25 as at the end of 31 Dec 2024 (FY25 H1).

This morning they announced that net debt as at 31 Dec 2024 was $225m. EBITDA for 2024 was $66m and Peel Hunt forecast that EBITDA for 2025 is going to be $64m. Taking an average as an estimate of the rolling EBITDA to 31 Dec puts the leverage ratio as:

$225m / $65m = 3.46x

ie non-compliant (greater than 3.25x).


They've been talking about a bond refinance for months now but have struggled to make any tangible progress.

FWIW, Peel Hunt also forecast a pre-tax profit of -$33m for 2025 and only forecast a profit of $2m for 2026 after making some heroic assumptions about the diamond price recovering. They also show negative free cash flow of -$36.2m and - $50m for 2025 and 2026 respectively!

Overall I think that the equity is toast, it has a big fat zero written all over it!

JakNife
Posted at 21/1/2025 07:57 by gisjob2
Further downgrade of projected price per ton from Finsch. Soon they'll be giving the stones away !
Not looking good is it.
Last one out switch off the lights !
Posted at 21/1/2025 07:51 by easybrent
PDL operational update, net debt way to high at $225m. Very high risk of covenant breach.

No sign of improving diamond market.
Posted at 17/9/2024 23:12 by southcbubble
I had held these shares and made money on them. But for me I cannot see this share performing well, so I am out. Hope this share turns around for it shareholders. But all I am seeing is a shareholder wipe out
Posted at 21/3/2024 14:41 by jaknife
The last accounts were poor:



If you read the notes the Going Concern statement is worrying. They expect to breach covenants in June 2025 . Ideally you try to do something to avoid a covenant breach rather than just waiting until it happens!

There are significant risks to the downside so it's not a surprise to see people selling.

JakNife
Posted at 08/1/2024 14:09 by r88ave
looks like mm are short of shares....upped the bid price...mostly buys today
Posted at 08/12/2023 08:24 by r88ave
Surprised this hasn’t budge much…
Bigger holding some 10% increase
Bank loan facility progressing well
Diamond prices appear to have bottom hence perhaps the pdl price too
Posted at 08/11/2023 16:58 by ali47fish
IN BRIEF: Petra Diamonds CEO Duffy buys shares for total GBP128,194
Wed, 08th Nov 2023 16:37Alliance News
Petra Diamonds Ltd - Southern Africa-focused diamond miner and supplier - Chief Executive Officer Richard Duffy buys 266,411 shares for total GBP128,194. Price range of shares vary from 45.65 pence each to 48.75p each.

Current stock price: 48.29 pence

12-month change: down 56%


why is he buying with share price going nowhere!
Posted at 18/10/2019 09:05 by 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.
Petra Diamonds share price data is direct from the London Stock Exchange

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