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Petra Diamonds: ouzo for Lucian as CEO walks, as we predicted company breaches debt covenants, stay short

By Tom Winnifrith | Monday 17 February 2025


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


There is an awful lot of talk about EBITDA in today’s interim results from Petra Diamonds (PDL) and that, on its own, should be a red flag. But there are many other warning signs too. Well done Lucian Miers for urging folks to add to shorts ahead of the numbers, the shares are down another 16% today to 24.2p but that is still far too high. Arguably by 24.2p.
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