Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Johan Dippenaar, CEO of Petra, commented: "Petra enters the second half of FY 2013 in a strong position to continue its robust long-term growth trajectory, with fully funded expansion programmes progressing as planned, well controlled costs and significantly higher sales expected in H2 due to seasonal tender timing. Our FY 2019 target of 5 million carats remains on track." Analyst presentation and webcast A presentation for analysts will be held at 9:30am GMT on 25 February 2013 at the offices of Buchanan, 107 Cheapside, London EC2V 6DN. A live webcast of the analyst presentation will be available on Petra's website at www.petradiamonds.com and on the following link: http://www1.axisto.co.uk/webcasting/investis/petra-diamonds/interim-results-2013/index.html.
Thanks for that. I came across these a couple of years ago via another IC tip and have been following ever since. Having been fortunate with timing recently I sold my holding today for a quick 15% but I must say I was sorry to see them go and if a market dip takes them down again in the future I will buy again.
http://www.insurancetimes.co.uk/rq-reaches-settlement-with-ace-in-legal-dispute/1400702.article
These have touched 1075 today, having clawed back a drop from similar levels to 990 a month ago. The share price has been picking up ever since, often in defiance of market down days. I like this company and own a chunk of shares - does anyone else hold, and have any thoughts on where the recent strength is coming from? I don't think it's the prospect of new orders for Drachmas at the moment, while the eurozone is (relatively) quiet. No talk of another takeover pitch from Oberthur either.
Share tip summary Admittedly, the shares trade on 1.3 times Numis's net tangible assets estimate of 79p for end-2012. But their price has fallen by about a quarter since July last year, and they are now rated roughly in line with the likes of Hiscox and Amlin. Yet both suffered far heavier losses from last year's catastrophes, their investment book performance looks weak in comparison and their shares can't match the yield on RSA's. Add to that in RSA's favour the decent growth in its premium rates and the de-rating of its shares looks overdone. Buy.
Fairly small potatoes, but still..... http://www.moneyam.com/action/news/showArticle?id=4383293
Did they really say Euro 2012? :-)
Now you're talking....
Hi - this board is quiet, so thought I'd jump in. I bought a chunk of these in December in the low nineties for the dividend and saw the usual drop after the share went ex-dividend but was very pleased to see it climb back all the way to more than a pound recently at which point I sold - not because I don't like the share any more but because I wanted to take my profits to look for dividends elsewhere. Even at today's price it represents an increase in share price of around 5% since December with, as you say, a really good dividend thrown in. In fact it's not easy to find a share that pays as well with a similar degree of risk (I'm currently trying to decide whether to buy RSA - good divi but volatile industry sector). So - if you like the company as much as you say you do, I'd hold on. I am thinking of buying back in again at some point soon, party for the next divi and partly because I think the business & share price may well be re-rated upwards still further. Good luck.
http://www.stockopedia.co.uk/content/marstons-stronger-and-cheaper-63581/
Now confirmed by FT that Oberthur have walked away. It does give rise to the question - how long will it take for the share price, now at 695 pence, to approach anything like the 905 pence that were on the table a few weeks ago. And whether the directors should have kept it to themselves for as long as they did.... There are vews to be had on both sides, but....
.... since writing here less than three hours ago, the price has plummeted - the "real time" price showing in my IG Index account is even lower than on here - below 700p or approx 15% down. Quite a correction, and one that suggests to me that Oberthur may have walked away.
Yes, don't disagree with you regarding Oberthur's desire to have dealings, and it may yet happen. I think the downside is the fact that the De La Rue board are obviously very reluctant to talk to potential owners (they didn't even tell the market, never mind shareholders, about the initial bid for weeks afterwards). And not every takeover bid succeeds, by any means. If it happens, holders will be winners. I just feel we may have a way to go before the next significant move.
I sold my holding shortly after the initial news of the bid was released (late) by the company, and I suspect I may have done the right thing this time. It looks a little unlikely that Oberthur have the means to offer over £10.00 a share and so force the board to talk seriously. Always possible another suitor will come along, but for the moment I feel it's more likely than not that the share will coast along at these levels for a while. The other issue, of course, is the Indian contract, which is worth about 25% of the company's revenue. If that goes down, so will the share. But if the Indian authorities renew the contract it would presumably help, although in so doing they may well negotiate better terms for them, and worse for DLAR. I think taking profits if you bought before the bid news is probably the right thing for me and buying now is a gamble on future events.....
Good rises yesterday & today following Merrill Lynch suggestions that the potential loss of a key customer is already reflected in the recently reduced share price, plus a bit of takeover speculation to add value too. Perhaps this will do better than some people thought - here's hoping.
I think the main news is already out there - the company's systems were not robust enough to prevent some less than splendid behaviour, but nothing dodgy ever came close to entering circulation. Hoping & expecting that the future is still pretty positive, and I own the shares because I think they're a medium term riser.