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Every RNS they write the share gets hammered .
Nothing good here anymore.
I'm sure the rampers will sugar coat it .
That's if anymore are left????
You were all warned !!
The BOD don't care about shareholders value.
With a stronger product mix offsetting the recent softness in rough diamond prices, we remain confident that we will continue to generate cash to fund capex, allow further deleveraging and pay dividends.”
Dividends absolutely no chance ???
Not great.
Following on from the above, we have reduced our diamond production guidance for this financial year to circa 2.8 Mcts and 3.0 to 3.3 Mcts for FY 2024, which includes the impact of lost production at Williamson and Koffiefontein. Guidance in FY 2025 remains unchanged.
Sorry institutions hold 39% !!
So let's look it through clear glasses and not rise tinted ones !!
Institutions owned 91% of the stock 18 months .
They know own 45% of the stock so 50% off loaded in since restructuring.
They have sold at huge loses which is all you need to know.
The BOD hardly buy at these supposedly low levels?
But they're happy to give themselves 300% bonuses for achieving just what NOTHING.
All these crap companies use small investors as mugs mostly ponzi schemes to serve their lifestyles .
As for shareholders value that couldn't be further from the truth .
But good luck as this little market rally won't last .
Ahhh.....the curse of the commentator strikes again.
Barclays cuts Petra Diamonds price target to 90 (115) pence - 'equal weight'
What a complete disaster this company has proven time and time again !! This is a punt at 60p max ??
Nigel, I never said I bought 1 year ago , just indicating how much the s.p. has risen since consolidation. 40% as indicated on Wedneday, even higher if bought on Jan 6th as some had.
Merry Chritmas to all invested here.
Neil seems to be a massive fibber, he must have a crystal ball to be able to buy bang on the bottom Sp and then brag on here that he’s in profit.
What a crock of sxxt
Sorry mate you made yourself look a mug
A LTH is pre Restructuring!! They're the true LTH who have been royal screwed over here !!
The share price is pitiful after the Restructuring to be honest .
This time next year it will still be under a quid .
But the CEO will still get his big bonus so share value to him is irrelevant.
I year ago SP 70p. Today it is 98p.
Seriously LTH are not in profit on this stock !!
The restructuring wiped you out to almost zero .
There has only evrr been a small window of opportunity to make a 25% return if you bought in 70s .
And don't tell me you did ??
Hindsight trading is a wonderful thing.
Many of us are in profit on this, me an LTH.
The obvious loosers are you and Mr. Carrats.
The obvious question would naturally be is, why are you still here?
2p old money still. LOL.
Keep dreaming rampers you're completely detached from reality.
If this breaks a pound that will be a small miracle.
Is there any holders here accually in profit!.??
I will probably guess 99.9% are not.
PDL up nearly 6% today, thank you Sharecast for the 1020 notice. ,
Keep up the ' sugar coated' ramping, keep on your rose tinted glasses.
Delighted to be proved wrong!
Luckily it doesn't seems to have had a negative effect so far, on the positive side the RNS did say the diamond price may have bottomed out.
Don't worry the rampers here will sugar coat the update for you with their rose tinted glasses !!
At least Petra is consistent now in destroying shareholders value while giving themselves 300% pay rises.
Stones sold -32% (from Tender 2)
Sales -31% (from Tender 2)
Marginal increase in average price (+1%)
Can't see the market liking this....
Since we are on this matter. This has been driving me mad for weeks.
"Hold your heads up in shame BOD." -itsaponzi
The phrase is "Hang your head in shame " or " Hold your head up in pride" .
Get your idioms straight please.
Spot on 28.
Two ronnies clearly have agenda. Not sure I would offer them Ronnie status - more Hale and Pace or Cannon & Ball
Great the other Ronnie has replied and happily there is an exclamation mark included (couldn’t resist could you…..lol). Now let me help you “two” gain some much needed knowledge. For the SP situation firstly:
The PDL peak SP in past year was 138p set at cob 19 April 2022.
Surprise surprise guy(s) but just about every commodity stock (big/medium/small) also had their peak SP set at around the same time……It was the Ukraine war impact etc kicking in to the global economic outlook adversely hitting the markets.
For example let’s look at the other London market listed Diamond producer having its operations in South Africa region for comparison, namely Gem Diamonds (ticker: GEMD). It’s SP peak was 77p set on the same date 19 April 2022.
Now comparing their SP’s today: PDL = 92/138 = 33% drop, whilst GEMD = 33/77 = 56% drop. So Petra is fairing much better than this peer.
Now let’s look at the history of the PDL SP at the time of recent news releases and nearby dates:
10th Oct - Day before FY22 Annual report issued - SP = 111p
11th Oct - FY22 Annual Report issued (contained the enhanced PSP details) - SP = 115p
17th Oct - circa 1 week after FY22 Report issued - SP = 120p
4th Nov - Day before Williamson tailings issue announced - SP = 115p
7th Nov - Williamson tailings issue first announced - SP = 110p
9th Nov - Day before Williamson tailing issue further news & EPSP news announced - SP = 110p
10th Nov - Williamson tailings issue further news & EPSP news announced - SP = 101p
29th Nov - Day before Williamson tailings issue further news announced - SP = 95p
30th Nov - Williamson tailings issue further news announced - SP = 88p
From this summary it is pretty clear that it’s been the tailings issue at Williamson that has been the drag on SP in the past month and even then it’s been quite muted at circa 20% SP drop. The EPSP details were known since 11th Oct and the related news on 10th Nov was only advising that major shareholders were supportive ahead of AGM voting and therefore it is IMO a red herring story that you “two guys” are peddling for the EPSP having adversely impacted the SP, when there is no associated evidence in the SP action from the last two months.
Indeed one can take the reasonable view that the EPSP is with hindsight a positive as it increases the incentive for the executive Management to most expeditiously resolve the Williams tailings issue, as it is likely risking to impact on their associated KPI’s performance. Another party that is incentivised to expeditiously resolve the Williams tailings issue is the Tanzanian government who hold a 25% ownership, so we can expect their maximum support.
I will post a separate message regarding my “thoughts on the pay awards” so I don’t overload you “two guys” with too much factual information in one go. I don’t want you getting to big a headache in one hit……lol.
28j probably got about 500 shares tops or is paid to wear rose coloured specs, either way the charts don’t lie. 140p to 90p, come on surely you can’t defend that!
I’d like to know your thoughts on the pay awards too?
This will be a laugh, that’s if you can come up with a reply …..