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Debt payment is 80% of Petra's Mcap!! That is totally bonkers in this debt ridden world.
Share price will probably go down on that ??
UK government is a complete embarrassment. Market has some sense in that it knows it...
UK stock market is a complete embarrassment! Whatever you buy you lose now.
I think the culliman mine is due another star of Africa ??
Maybe the jump in SP is because we have all been treated to an exhibition of some ex. Cullinan diamonds mounted in the Royal Crowns. We have essentially the most famous and productive high quality diamond mine in the world priced at bargain basement prices. Surely it can only go up substantially from here with the rapidly improving balance sheet of the company.
Oh and on top IC has just given it a hold so must be a screaming buy
I must be missing something....
TM PE is sub 3
Using their lowest estimate of the likely dividend payout would mean an annual dividend of close to 15p.or 14% yield at todays SP based on the FY22 result. Now lets assume adjusted FCF drops by 50% as a result of capex (not sure how much of the new capex plan gets amortised in Y1 so this is a conservative guess) and still you are looking at yield of 7% and a prospective PE of less than 5.
SP should be closer to 1.50
Broker upgrade to 130p yippee!!
Still a joke .
Exact same feeling here, You are not alone, do not give up.
Carlsberg RNS and we are still at 2.1p old money!! What a total p1ss take at the highest level .
We live in a corrupt world.
I want to give up.but I won't because I still believe this is a £3 share this time next year ??
If my dodgy arithmetic is right, on these results the TTM PE will be 2.5. Even accounting for the increase in Capex this year vs last this looks like a massive opportunity.
Great set results, shortly will be in net cash
Back in 2020 it was over 400p, now this fantastic RNS has released we shall hopefully see more people to buy and hold this companies shares.
Gangbusters results followed up by fantastic first tender RNS. Cash generation machine.
SP will probably drop lol…
Looks hugely positive.
Would still leave $186m in notes after tender but could be debt free within 2 years.
Amazing results!
https://www.petradiamonds.com/wp-content/uploads/Petra-Diamonds-Prelims-statement-FY2022-13.09.22-FINAL-_.pdf
Good news and will reduce the interest charge nicely.... Going forward, large dividends too
Launch of US$150 million tender offer to reduce gross debt Announcement of dividend policy
Looks like I hot my wish .
Let's see what the market thinks ??
Let's hope that these preliminary results mention the restructuring of the bonds or they're buying them back on the open narket .
It's the only Catalyst to get this moving now ??
Good luck tomorrow everyone.
Sorry **** English there, this board is for sharing…
Twitter mentioned it the same day that’s all. I thought the. Oars was for sharing. Am I ok to mentioned prelim results tomorrow also on Twitter
Noddi
Or know nothing FFS !!! WTF does a diamond they found in November 21 have to do with rise today ??
Previously in February, we had a good one day run, leading the the results day. Following the results we had a small dip for the next couples of days and then weeks and weeks of rises.
Seems to be following the same pattern this time so fingers crossed!
This on twitter inguess … The 'Williamson Pink Star' recovered from Petra's Williamson Mine in November '21, boasting 32.32 carats in the rough, an internally flawless clarity and a fancy vivid colour grade, will appear at a stand alone sale from Sothebys in Hong Kong on 5th October.