The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Holeefook, the fall is just corona led, cancelled auctions, so they will need to burn through a bit of cash, not a problem, plenty of slack on the debt front , one thing for sure is that investors will be spooked by the stock market flash crash and I imagine many more buyers at diamond auctions in the coming months...:0)
CD. wheres your buy in price?, assuming you are a private investor and not part of the establishment
Lets be clear, what we are seeing is the biggest heist in stock market history, not just diamond shares, but right across the board,
The exceptional 183 carat diamond will buffer the coffers through this turbulent time, being auctioned this month I believe, this corona situ is a flash crash IMO
http://www.idexonline.com/diamond_prices_index
You sure about taking on debt? Diamonds still selling for same amount as they were on Sunday, no crash in diamond market this week, as was already hovering around lows before the FTSE meltdown
debt down, revenue up in 2nd half of 2019, last quarter was a good report, 4 big diamond finds in past few weeks, i cant see anything wrong with the company, cash will fluctuate it does with all businesses, most important is they are paying off debt which isnt very high anyway at £10m, facility is upto £79m, well run machine IMO
Nothing new in update, most of it is old news 1st half of 2019 was bad, 2nd half was above expectations, we know this from qtrly updates, so SP has tanked 30% in just a few weeks, seems totally overdone, so im getting back in....:0)))))
Im getting dizzy with this rise, 3p and holding!
Saudis have been planning this all along, no coincidence they offloaded Aramco before all this, that sale filled their coffers, now they have enough fat on the goose to keep oil 20 dollars through 2nd half of 2020 and throughout 2021 , to starve everyone else out, I wouldnt be surprised if Trump goes to war on them now to seize their oil, cos otherwise the dollar will be used as a substitute for bog roll
22 day losing streak
oil price is currently based on hysteria, wouldn't suprise me if figures this week give the market a reality check and we get a nice bounce....
But CASH....yeh, its war against US shale, I think Russia & SA are in cahoots, god cop bad cop routine, last time in 2016 it dint work but this time around dollar looks more vulnerable, looks like we could be entering a period where the US loses its superpowers to China and Middle East (in the case of oil)
OPEC have put Russia on naughty step, wont stop pumping until Russia says sorry
Now Tony is holding those wonderful BP assets (ahem liabilities), they pulled a stroke there old BP, BP CEO....'let me see, great recession coming, what mug can we sell this lot to'?
Will there be any winners from an oil price war? nope...as bad as Trumps trade war....world is run by muppets with very small genitalia
is this the first green day following a 21 day losing streak
Its been going through my head, what would i do if I was a lender?, putting PDL into Admin at this juncture would be an own goal IMO, the asset valuation of Cullinan would have plumetted in recent weeks, would they get there £600m back ? Im not convinced, better wait for all the QE from central banks , perhaps? Would be interested in any other views on this, as I'm far from an expert on the subject matter.
I paid 5.8 a week ago thinking i got in cheap...lol......The fall is hysterical....IM,.....so I hold...rubber band , this share
Im not invested here, have been before, it staggers me how inept the board is, who commits to a new house without making sure the existing house sale goes through, I feel for investors in this company