Based on a trading update for the first half and revision to guidance for FY 2015, we update our views and forecasts. We do not change our fundamental view and outlook for the company which is based on volume growth, a diversified portfolio of assets and potential for strong free cash flow generation as capex peaks. We expect market fundamentals to support diamond prices in the medium term.We revise down our FY 2015 forecasts but retain forecasts going forward.
28 Jan 2015
Earnings Revision on Trading Update
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Earnings Revision on Trading Update
Petra Diamonds Limited (PDL:LON) | 41.0 0 0.0% | Mkt Cap: 79.5m
- Published:
28 Jan 2015 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
3
Based on a trading update for the first half and revision to guidance for FY 2015, we update our views and forecasts. We do not change our fundamental view and outlook for the company which is based on volume growth, a diversified portfolio of assets and potential for strong free cash flow generation as capex peaks. We expect market fundamentals to support diamond prices in the medium term.We revise down our FY 2015 forecasts but retain forecasts going forward.