Member Info for redwineday

Wouldn't count on the placing being open to PIs. More likely either existing or new IIs.

Well TC there is a reason they are delaying and the cynic in me thinks its not good.

If they had positive news re uptake they would be releasing it every month. Thats not to say it's not increasing but my money is on a placing (which is why there is no news) and a jam tomorrow story.

Hope I'm wrong

Oh look. A blue diamond.

You really have the Midas touch carats. Keep it up!

Is that you Clifford?

Price gap seems inexplicable to me at least in the sense that if it is placing buyers selling, then I don't get it. Why would you buy at 30p to sell at 30p? I know there was a lock up on the placed volume in Canada but still I'm seeing no logic in that explanation to understand the gap.

What an I missing?

Don't understand why they are not in the market buying at this price.

Could be saving the cash for a purchase?

Peel Hunt is the house broker

Great spot

Someone will be making money on the arbitrage. Wish I could figure out how to!

Adding up clearly not your strong point.

Boomin investment was bonkers. He should have been fired for this alone. Instead he got a bigger pay check. Previous BoD were negligent. No other way to describe it.

Capex is f/c in their own report to increase by 60m in 2023 vs 2022. Interest costs are c 30m. Even if they pay down all the debt, which they will not without penalty, read the restructuring deal, I am not sure how you can see this as 'highly attractive'.

Petra are now in a positive cycle and the SP is undervalued IMO but there are posters on here who do not understand the cash will flow to the bottom line.

I would imagine they are trying to complete fund or debt raise before next report as this is the elephant!

It was clear from the last call that Madison wants more people to drive the sales growth. Ok, but it needs to be paid for and sales trajectory doesn’t support it.

Let’s get it over with and move on. It it’s done with clear revenue targets and a supporting story of market acceptance them actually it it might be positive for the SP.

Decrease in interest payments will be more than consumed by increase capex.

So FCF story depends on diamond price level. This is why Duffy keeps referring to structural changes in diamond market.

Seems a bit pedestrian to me. Can’t imagine the restless IIs will be happy.

Maybe I’m to inpatient but the new Chariman has been in place for 6 months now. I would have expected more firework’s.

I get to a similar number c260p using 6xPE based on my FY22 earnings assumption

Confused people here. Petra is not debt free and cant start the process (terms of the restructuring deal) to pay down its debt until 2023 at the earliest. Shareholder returns require the bondholders to agree. All the same, given its growing free cash pile I would expect the bondholders given the amount of shares they took on to agree for a return to shareholders during 2023.

All gone quiet in STX land. Don't know whether to take the lack of any RNS or Pro-active blah blah as a positive or negative.

I blame Mr Carats

He said something positive this morning and the SP falls. I demand Carats reverts to the usual negative posting so we can start to climb towards £2

Fantastic numbers and some fantastic stones recovered. Petra will be in net debt free position by the end of the CY. Its throwing off cash like a bank machine.