Added to YB: 2026-06-02
Pitch date: 2026-03-30
PDL.L [bullish]
Petra Diamonds Limited
Author Info
No bio for this author
Company Info
Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania.
Market Cap
GBP 48.4M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-3.31
P/E
-0.14
EV/Sales
1.47
Sector
Metals and Mining
Category
turnaround
Petra Diamonds Limited - $PDL.L
PDL.L: £57m market cap for 2 world-class SA diamond mines (Cullinan, Finsch), 174m carat resource. Refinancing done Nov 2025, maturity wall pushed to 2029-30, existential risk gone. H1 FY26 mining profit $29m vs $18m on $18-20m cost cuts. Deep OTM call option on diamond cycle trough. Risks: $284m net debt, PICE dilution (~335m shares), strong Rand ($51m Finsch impairment). Catalysts: H2 deferred tenders, exceptional stone recoveries, CC1-East grade ramp, price recovery, institutional re-engagement.
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