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Companies >
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Petra Diamonds Limited >
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Trading Update this week- Are we long & wrong?

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  • 27 Oct 2015

Trading Update this week- Are we long & wrong?


Petra Diamonds Limited (PDL:LON) | 112 0 0.0% | Mkt Cap: 217.5m


  • SP Angel
    • John Meyer | Sergey Raevskiy | Joe Rowbottom | Simon Beardsmore

    • 10 pages

Precious Metals image



 
Precious Metals image



Petra’s share price continues to underperform triggered by earnings downgrades and compounded by selling of a significant shareholding. Earnings downgrades have been driven by a weaker outlook for diamond prices particularly for the smaller stones and a blockage in the middle market as cutting and polishing margins are squeezed with lack of trade capital making the situation worse. The latter news should now be in the price – key concerns are - timing of recovery, upcoming trading ....


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See all the research we have on this company.

Trading Update this week- Are we long & wrong?


Petra Diamonds Limited (PDL:LON) | 112 0 0.0% | Mkt Cap: 217.5m


  • Published: 27 Oct 2015
  • Author: John Meyer | Sergey Raevskiy | Joe Rowbottom | Simon Beardsmore
  • Pages: 10
  • SP Angel


Petra’s share price continues to underperform triggered by earnings downgrades and compounded by selling of a significant shareholding. Earnings downgrades have been driven by a weaker outlook for diamond prices particularly for the smaller stones and a blockage in the middle market as cutting and polishing margins are squeezed with lack of trade capital making the situation worse. The latter news should now be in the price – key concerns are - timing of recovery, upcoming trading ....



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