toady27
27 Feb 2017
The time to buy! This share won't go any lower. This is the time to but!
malkis
24 Jan 2017
Good RNS.......sad about a fatality Petra Diamonds Limited announces the following trading update (unaudited) for the six months ended 31 December 2016 (the "Period", "H1 FY 2017" or "H1"
, ahead of the publication of the Company's Interim Results for the Period on 20 February 2017. SUMMARY· Production up 24% to 2,015,087 carats (H1 FY 2016: 1,629,403 carats) due to increased contribution from undiluted ROM ore leading to improved ROM grades, and additional tailings production from Kimberley Ekapa Mining;· The Group remains on track to deliver full year production of ca. 4.4 - 4.6 Mcts;· Revenue increased 48% to US$228.5 million (H1 FY 2016: US$154.0 million), due to increased sales volumes;· Diamonds sold rose 47% for the Period to 1,910,113 carats (H1 FY 2016: 1,303,051 carats). In line with past years, H2 is expected to be a stronger sales period, due to the timing of tenders being weighted towards the latter half of Petra's financial year;· Rough diamond prices were flat during H1 FY 2017 on a like-for-like basis, in comparison to H2 FY 2016;· Underground expansion projects remain on track with Finsch's Block 5 SLC and Cullinan's C-Cut Phase 1 delivering initial production during the Period as evidenced by the improving ROM grade profiles;· Commissioning of the new Cullinan Plant to commence towards the end of Q3 FY 2017;· Expansion and sustaining capital expenditure ("Capex" was US$134.9 million (H1 FY 2016: US$139.8 million), representing ca. 60% of total forecasted Capex for FY 2017, in line with guidance and demonstrating the continued decline in the Capex profile, with peak Capex spend having passed in H2 FY 2016;· Net debt of US$465.4 million in line with levels reported in Q1 FY 2017;· Petra expects to be within the required covenant ratios for the measurement period as at 31 December 2016;· It is with deep regret that the Group experienced one further fatality during H1 FY 2017, in addition to those reported in Q1 FY 2017, despite historically excellent safety records and a leading Lost Time Injury Frequency Rate ("LTIFR" of 0.25 achieved during the Period (H1 FY 2016: 0.37). Warm Regards to all malkis
Nige the snake
10 Aug 2016
RNS Petra Diamonds Limited("Petra" or the "Company" Recovery of a 138.57 carat White Diamond at Cullinan Petra Diamonds Limited announces the recovery of a 138.57 carat Type IIa, D colour diamond at the Cullinan mine in South Africa. The diamond will be offered for sale as part of Petra's next sales process in late August in Johannesburg. A photo of the stone can be viewed on the Company's website at:www.petradiamonds.com/media/image-library/diamonds. Any sales enquiries should be directed to:· Greg Stephenson ([email protected]); or· Stephanie Hulett ([email protected]) on +27 11 334 0962. ~ Ends ~ For further information, please contact:
Simbrad
25 May 2016
Read VSA Capital's note on Petra Diamonds, out this morning on Research Tree: "Petra Diamonds (PDL) has confirmed the date of the auction sale of the Cullinan Dream blue diamond as the 9th of June by Christie’s auction house at Rockefeller Centre, New York, NY, USA. It is a fancy intense blue, apparently the very best quality in blue, of rectangular mixed cut, mounted in a platinum ring, and weighs just over 24 carats. The pre-auction sale estimate for the stone is US$23m to US$29m...."
vekta
25 Mar 2016
Nice one Petra £10.6 million pink diamond sale + future benefits.
II Editor
22 Jan 2016
NEW ARTICLE: Mining price targets slashed by up to 62% " As global stockmarkets stage a late comeback after a week of turmoil, investors spurred on by value fever might be tempted to fill their portfolio with "bargains". Market dynamics haven't changed since Wednesday, however, and, despite a dramatic ..."[link]
bamboozled
22 Dec 2015
Re: eye off the ball Hi Eco, errr something like that.Not really worked it out as I'm more interested in capital growth and stake building.For now, dividend is icing on the cake..Doing well again today.
Ecologist
22 Dec 2015
Re: eye off the ball Thanks Bamboozled. What did you get per share? Was it 3p plus USC3 as indicated under the "analysis" and "fundamentals" tags of this website?
bamboozled
21 Dec 2015
Re: eye off the ball Eco:Sorry , I can 't help you with TDR. I received a cash (£dividend payment last week(through Charles-Stanley).Nice rise today..
Ecologist
19 Dec 2015
eye off the ball I have not followed the Petra dividend too closely and so am now at a loss to understand the payment details. iii is showing under fundamentals that we should have received a 3p and a USC 3.0 payment a week or so ago.My TDR account is showing only a USC 3.0 payment. Further, although TDR shows that I wish to reinvest dividends in Petra (as with other shares) into further shares, I'm now left with a sum of dollars in my account.Can anyone please explain the recent dividend and anyone who knows TDR methods, explain why they did not reinvest the dividend?Thanks Eco
Shotry
04 Dec 2015
Re: Recent positive news... Thanks Andy. As you say, not fool proof itself and neither it's execution even when you get the theory right. Over 70/71 (descending trendline so that gets lower each day; 4h chart) looks like at least a sit up an pay attention. Also watch the gap on and price ativity around it. 65.7 or so to 64.3p. If it's really changing direction here, you'd expect to see support/buying there.
bamboozled
04 Dec 2015
Re: Recent positive news... I think its the difference between traders and investors.Mine are tucked away at a nice low average only to be viewed regularly but not watched like a hawk every day.
weblogic
03 Dec 2015
Re: Recent positive news... Andy..Your charts reflect some negative fundamentals, but it appears that these could be due for a change, if things go half right for Petra in the coming months.Hopefully these will go favourably and the price will start to return to higher levels.We`ll see....
Andy Reilly
03 Dec 2015
Re: Recent positive news... wl - the little thumb nail chart below shows just how much confidence has been sapped in PDL since the 2014 Summer peak. As yet, despite the reasonable bounce since late Nov, the chart needs to show a trend reversal before its safe to assume the recovery has started.The resources sector has taken such a beating that it is clear that it will take a good while before it can attract investors back. Just look at how long gold had been in steady decline, despite the regular claims it ready to recover over the years, and it still probably hasnt formed a convincing bottom.Sentiment alway runs too far in whatever direction, and trying to second guess PDL or the sector is a risky old business. TA isnt fool proof, but its probably the best tool available to base any judgement on. So far Shotry has done a rather better job than me when it comes to PDL, but I still watch reasonably closely.Best of luck -
weblogic
03 Dec 2015
Recent positive news... A rare Pink diamond find recently put some sparkle back into Petra...and more to come, it would appear, with the new projects nearing completion, and the prospect of higher grade gems being proffered...And the banks underlining confidence, with there waiving of covenant requirements, under lines confidence in that area, sending out a positive message to the markets.With any kind of decent run next year, this share should see some notable improvements.Most of the recent broker notes certainly echo this, with significantly higher price targets..We`ll see how things pan out....lots of other global issues rumbling along.
