nk1999
28 Sep 2015
Investec "Investec sees sparkle in Petra DiamondsInvestec has upgraded Petra Diamonds (PDL), believing the stricken miner could be nearing its ‘nadir’.Shares in the diamond miner have lost more than half their value so far this year against the backdrop of falling prices for the precious stone.Analyst Marc Elliott upgraded the stock to ‘buy’ with a 145p target price. The shares rose 3.2% to 90p on Friday.‘Despite weakness in diamond prices Petra remains a growth story and if management can deliver to guidance, we feel current levels represent an attractive entry point,’ he said.‘Petra Diamonds is developing its asset base on proven historical mines, so significant production growth is almost inevitable eventually. 2015 was expected to be the most challenging year technically, so hopefully we are at the nadir for newsflow.’ "From Citywire.
weblogic
28 Sep 2015
Upped stake... I see todays RNS flags up M&G as having taken there stake to over 5%...Could be a shrewd move... for those prepared to be patient in todays volatile markets..We`ll see... reports /update should be out in the next couple of weeks, I reckon.... For now, the market is soft as regards prices. The mining is going through a transission phase ~I understand.
weblogic
25 Sep 2015
Re: WOW new low! Market currently up 143 pts.. .as you say, its a rocky and rolly place..I`m guessing the directors knew about that `seller`, so held off the release to coincide with it, and send a market signal that things were holding up.The 1m purchase by directors was fairly good signal......they see prospects and value in the outlook..As I say, that lot aren't` known for throwing away there cash..There is a big trade event coming up shortly...so lets see how that goes.
bulltraderpt
25 Sep 2015
Re: WOW new low! Hi Weblogic,I don't know the exact ruling of when the market has to release knowledge known to it, but something did smell a bit fishy.The director buys @ 90p sometime on the 23th and the sp finishes 98p ish. Then yesterday they opened it up 7p down @ 91p ish, OK as you noted some one did throw a few out, but then for the whole of yesterday the price got cained into the close. So my question is why was the RNS not released at the close of play on the 23rd or at the latest yesterday morning @ 7
0 am?Not sure I beleive that someone in the market didn't know about the director's RNS..I am not usually one to complain about this game, but I think if I were the director I'd be a bit sore right now and as for long termers when the price moves like this, it must be difficult to keep your composure.Good luck all.
taffytiddler
25 Sep 2015
Re: WOW new low! ....117p, bang on 106p, wait for £1, absurd 60p......A few have bravely stuck out their neck lately but basically we're all guessing in irrational times. A clear turning signal will come and I'm inclined to go with an intra day shock drop as you suggest just to clear out & set up the reversal from there. Still not sure about t 60p though but hey-Ho..TT
weblogic
25 Sep 2015
Re: Directors buying in Maybe on this occasion the directors are calling it right...anybodys guess in these markets.They clearly aren't in for throwing money away...they seem to be a canny lot.Bottom draw...unless you`re super quick like Bully boy..More news next month I guess..Last nights trading might just be the directors sending out a signal to the markets that all is not totally arry just now...
Andy Reilly
25 Sep 2015
Re: WOW new low! bt - it seems absurd, but thats just looking at the long term chart, although It seems a very outside, intraday dip, possibility to me. Sentiment seems to have taken a very nasty turn for poor old PDL, but its very hard to apply much sense to the markets view right now, it just seems driven by lack of hope. ATB
bulltraderpt
25 Sep 2015
Re: Directors buying in It's going to be interesting. I have to say I did pick some up with a couple minutes to go yesterday evening and got shot nicely on the spike this am.It's not usually my style to hold overnight especially from Sept through to Oct but, in this instance the director's buy obviously helped me out.
weblogic
25 Sep 2015
Re: WOW new low! tricky I note that one RNS yesterday mentions a major holder who has just sold out.... tricky times.
taffytiddler
24 Sep 2015
Re: Directors buying in ''Still, perhaps he knows more than the market? I.e something about the futire for PDL that no one currently gets''.Market cap halved this year....takeover territory?TT
bulltraderpt
24 Sep 2015
Re: Directors buying in Yes bought them yesterday and the now the market does this to him!Still, perhaps he knows more than the market? I.e something about the futire for PDL that no one currently gets.
bulltraderpt
24 Sep 2015
Re: WOW new low! 60p really AR?I mean that really is low for a company like PDL surely?OK it's not in the best of shapes but even so.
taffytiddler
24 Sep 2015
Directors buying in Anthony Lowrie strikes again. 1.3m @ 90p this time. He's got some balls this guy. Looks Hamilton's picked up a few more today too.TT
Andy Reilly
24 Sep 2015
WOW new low! I don't know why the market has such a downer on PDL, but I am just glad I am on the side lines right now - its horrendous, AND markets seem to want to generally push much lower too. It doesn make 60p look quite so fantastic a projection after all.
weblogic
23 Sep 2015
Re: directors jumping? There was some trading in June, when Petra stood at 155p, but, as you say, it was balanced by the exercise of Options..... and some Director buys..
