Petra Diamonds Live Discussion

Live Discuss Polls Ratings

Andy Reilly 30 Jun 2015

Re: Good Time to buy! tt - well the downwards trading channel is pretty clear, even on the little chart below, and hitting the bottom of the channel is just a possibility right now. Never say never, but I am clearly not saying its a possibility in the next week, more like medium term. If you think thats risible, or inconceivable, ney probs!

taffytiddler 30 Jun 2015

Re: Good Time to buy! Rumsfeld couldn't have put that any better.....priceless.

Andy Reilly 30 Jun 2015

Re: Good Time to buy! lg -well it all depends doesn't it! Its not a good idea to make predictions, as it all about possibilities, so I don't, but sometimes ego makes fools of us all.

lambrini girl 30 Jun 2015

Re: Good Time to buy! Andy IF u are goin to make a prediction best to leave out words/phrases like..>>.the SP has the potential<<..>>depending on whether the fall continues,<< >>and markets turn down further.<<<...

asand 30 Jun 2015

Re: Good Time to buy! depending on whether...is there anyone in audience whose name begins with J... or K... or A...

taffytiddler 30 Jun 2015

Re: Good Time to buy! 'Depending on whether'...don't you just love bb guru'sTT

Andy Reilly 30 Jun 2015

Re: Good Time to buy! bullt - just had another look at PDL's chart, and the SP is in a wide downwards trading channel, and the SP has the potential to go sub 130p depending on whether the fall continues, and markets turn down further.

bulltraderpt 29 Jun 2015

Re: Good Time to buy! Not any more, sub 1.40, possibly.

UphillStruggle 12 Jun 2015

Re: Good Time to buy! It's been punished way too hard today... I'm looking at a day end of at least 160-163p

UphillStruggle 12 Jun 2015

Good Time to buy! Well with the nice little drop its a great opportunity to get back on board again. The drop in profits is due to the smaller diamonds realising lower profits... And of course no big rock finds this time around. But as they say... The are currently in a "Transitional Phase" to new areas.... Could me new bigger stones. Buy at these levels as in the past it's always bounced back.

luciano uk 12 Jun 2015

430 mil $ revenue This is 40mil $ less than last year results. This 40mil $ will be deducted straight to the bottom line net profit, which last year was 67mil$.In my opinion Petra is carrying a high valuation compared to peers, maybe because in the price, there was/is a lot of expectation from investors, due to the 5 million Carats x year target by 2019. But 2019 is still a long way away and before that I suspect a due sp correction, maybe down to 100p mark is to occur.

lambrini girl 12 Jun 2015

Re: Here we go back down to 150...wont offer weak buy this time..suspect break and 135..

asand 12 May 2015

Re: Valuation the low pe for gemd seems to revolve around fears over future earnings[link]

luciano uk 10 May 2015

Valuation I wonder if anyone has a clue on why valuation among precious stone miners is so different from miner to miner. For example GEM 2014 NET was some 11mil £ , and its Market Cap is 340mil £, PE 30. GEMD 2014 NET was about 20mil £, for Market Cap of 195ml£, PE 9.5 PRD 2014 NET was 43mil £, Mrt Cap 850mil£ and PE 20 Understandably there are many other factors that determine valuation, but to me I seems that UK investors don't have a clue at valuing miners and especially precious stone miners. Also it seems that rough stone producers, are valued higher that polished cut stone producers. I have recently invested in RLD and PRG, these are small miners on the verge of commissioning a new mine, with subsequent ramp up production. I have no doubt that in due time, their sp will be multiples of today price. But given the erratic valuation of UK investors, one as to wonder how these new miners will perceived and what price will be attached to them, once full production will take place.

Ripley94 17 Apr 2015

Re: Here we go Again