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Petra a stone cold buy

Two directors of Petra Diamonds have taken advantage of a pullback in the share price to boost exposure to the Africa-focused miner
October 1, 2015

Tony Lowrie and Alexander Hamilton, non-executive directors of Petra Diamonds (PDL), increased their personal exposure to the Africa-focused miner towards the end of September. A series of trades pushed the latter director's net holding to 152,000 shares, but the most noteworthy deal came from Mr Lowry, who bumped up his stake by 77 per cent through the acquisition of 1.3m shares at 90p apiece.

IC TIP: Buy at 86p

Petra recently reported a fall-away in reported full-year profits due to faltering diamond prices and an overreliance on "mature, diluted mining areas". As a consequence, the miner's share price clicked into reverse, despite reaffirmation of production targets over the next five years. The good news is that the miner has subsequently targeted workings in more lucrative undiluted kimberlite blocks, which are expected to feed into production - and reduce unit costs - within a few months.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Abcam Alan Hirzel (ce)18 Sep 154,000614.924,59623,2050.012
Abcam Lady Patten of Wincanton18 Sep 155,000615.530,77524,8830.012
Abcam Murray Hennessy (ch)18 Sep 158,17561250,03126,9750.013
Arcontech  Richard Last (ch)22 Sep 152,500,0000.25,000199,552,63512.986
Capital & Regional ♥Louis Norval23 Sep 151,000,00066660,000171,772,36624.513
Capital & Regional ♥ Louis Norval23 Sep 15693,82366457,923170,466,24924.326
Capital Gearing Trust Alastair Laing22 Sep 151,2683,255.5041,2804,7320.160
Capital Gearing Trust ♥Alastair Laing22 Sep 158413,250.2527,3355,5730.189
City of London Investment Trust (The) Samantha Wren18 Sep 154,000375.615,0244,0000.001
Coats  David Gosnell21 Sep 15400,00026104,000786,4750.056
Cropper (James) MAJ Cropper (ch)18 Sep 156,00051831,0801,211,59313.192
Cropper (James) ΩMAJ Cropper (ch)18 Sep 154,00051820,7201,215,59313.236
Diploma Charles Packshaw23 Sep 151,5006259,3751,5000.001
easyHotel Guy Parsons (ce)18 Sep 1511,690708,183125,8330.201
Fidessa  Chris Aspinwall22 Sep 151,0001,77917,790124,5420.326
Fidessa  Ken Archer23 Sep 151,5001,79926,9851,5000.004
Frontier Developments David Gammon (ch)22 Sep 1510,00020020,000301,7200.893
Frontier Developments David Gammon (ch)23 Sep 1510,00020020,000311,7200.922
Gulfsands Petroleum Joe Darby23 Sep 1525,00051,25025,0000.021
Gulfsands Petroleum ♥Andrew Morris22 Sep 1580,0004.983,98480,0000.068
GVC Holdings Lee Feldman (ch)22 Sep 1520,00040581,000185,9570.303
Henderson Opportunities Trust Frances Daley21 Sep 151,500994.8814,9231,5000.019
Henderson Opportunities Trust Frances Daley21 Sep 15500991.844,9592,0000.025
Hunters Property Harry Hill (ce)22 Sep 1534,00087.529,75068,0050.242
IMImobile John Allwood21 Sep 1510,00015315,30010,0000.021
Inchcape Stefan Bomhard17 Sep 1512,000733.3788,00533,3390.008
JPMorgan Indian Investment Trust Rosemary Morgan17 Sep 151,420489.686,9532,9780.003
KBC Advanced Technologies ♥Oliver Scott22 Sep 1520,00011022,00010,830,05013.190
LightwaveRF Barry Gamble (ch)17 Sep 15120,0002833,600516,1902.735
Majestic Wine Ian Harding17 Sep 152,000379.57,59010,0000.014
Majestic Wine Phil Wrigley (ch)17 Sep 1510,000381.538,15020,0000.028
Marks and Spencer  Helen Weir (cfo)17 Sep 152,500492.7912,3204,500<0.001
Marston's Carolyn Bradley17 Sep 1525,000153.8738,46825,0000.004
Mattioli Woods Carol Duncumb18 Sep 154,10061025,0104,1000.017
Mattioli Woods Joanne Lake18 Sep 154,10061025,0104,1000.017
Mattioli Woods Mark Smith18 Sep 152,46061015,0063,7560.015
Minds + Machines  Guy Elliott22 Sep 15650,0008.3154,01521,150,0002.530
Minds + Machines Ω Guy Elliott22 Sep 15500,0008.743,50021,650,0002.590
Morrison (Wm) Supermarkets David Potts (ce)17 Sep 15314,881158.79500,000822,8810.035
Petra Diamonds Anthony Lowrie23 Sep 151,300,000901,170,0002,300,0000.444
Petra Diamonds Alexander Hamilton23 Sep 1532,0009028,800152,0000.029
Petra Diamonds Alexander Hamilton21 Sep 15120,000106.47127,764220,0000.042
Phoenix Spree Deutschland Quentin Spicer23 Sep 1513,200150.0519,80713,2000.019
PJSC LukoilRU Maganov17 Sep 154,0003,743.90149,75669,3140.009
PJSC LukoilRU Maganov21 Sep 154,0003,518.24140,73073,3140.010
PJSC Lukoil ♥VY Alekperov17 Sep 1550,0003,7551,877,5002,324,2410.308
Premier Oil Richard Rose (fd)23 Sep 1515,00066.7710,01633,2260.007
Quarto Group (The)Michael Connole (cfo)21 Sep 1510,00021021,00010,0000.051
Reckitt Benckiser  Dr Pam Kirby22 Sep 152,9195,793.62169,1163,066<0.001
Regenersis Frank Blin 23 Sep 1515,33716525,30633,3370.042
Regenersis ♥ Matthew Peacock (ch)22 Sep 15200,000147294,0005,417,6516.856
Rosslyn Data Technologies Hugh Cox17 Sep 1530,00017.45,2209,600,00012.724
Rosslyn Data Technologies Hugh Cox17 Sep 1535,00017.46,0909,635,00012.771
Rosslyn Data Technologies Hugh Cox17 Sep 1530,09017.455,2519,665,09012.811
Rotork Gary Bullard18 Sep 1510,000187.4718,74745,0600.005
Rotork ♥Martin Lamb (ch)18 Sep 1550,000187.8493,92170,0000.008
Scottish Mortgage ♥Prof John Kay23 Sep 154,087243.129,93632,7920.003
Senior Derek Harding (fd)22 Sep 154,0002499,96086,5200.021
Senior David Squires22 Sep 1510,000250.325,03014,7700.004
Spire Healthcare  Dame Janet Husband22 Sep 155,470358.6419,61810,2310.003
Sprue Aegis John Shepherd22 Sep 1523,06332574,95523,0630.050
Synety Ω Paul Williams (cfo)21 Sep 1510,00087.98,79084,0570.693
Synety Ω Mark Seemann (ce)21 Sep 151,235891,099917,6127.564
Synety Ω Mark Seemann (ce)23 Sep 154,494894,000922,1067.601
Victrex Andrew Dougal23 Sep 151,0001,63916,3901,0000.001
Virgin Money (UK) Gordon McCallum18 Sep 1513,918395.1554,99713,9180.003
Virgin Money (UK) Gordon McCallum18 Sep 155,065394.519,98118,9830.004

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Anpario Richard Edwards21 Sep 1530,00031093,000195,0700.896
Ashmore  Thomas Shippey (fd)21 Sep 15127,013255.32324,2892,987<0.001
Character Group (The) Kiran Shah (fd)17 Sep 151,830,0005109,333,0002,287,00110.964
Circassia Pharmaceuticals Charles Swingland18 Sep 15754,548320.242,416,3653,728,1291.309
Circassia Pharmaceuticals Charles Swingland17 Sep 159,000318.7228,6854,482,6771.573
Coats  Blake Nixon23 Sep 15125,00025.3931,73614,286,4061.015
Diageo †Ivan Menezes (ce)22 Sep 1532,5321,714.12557,639782,9420.031
Diageo †Ivan Menezes (ce)22 Sep 159,5121,714.12163,048792,7100.032
Eagle Eye Solutions  Phil Blundell (ce)21 Sep 1550,000235117,500260,9761.178
Eagle Eye Solutions  Steve Rothwell21 Sep 15100,000235235,0001,611,6727.273
Genel Energy ♥Murat Yazici22 Sep 15217,993329.35717,959985,7800.396
K3 Business Technology  David Bolton (ce)17 Sep 1528,50029584,075966,5163.040
Mattioli Woods Robert Woods (ch)18 Sep 15500,000617.163,085,8002,573,70310.475
Mulberry  Roger Mather (fd)18 Sep 1523,500895210,32583,3830.139
Mulberry  Roger Mather (fd)17 Sep 1513,000896.6116,558106,8830.178
Numis Corp David Poutney21 Sep 15279,669240671,2065,930,0005.235
Petra Diamonds Alexander Hamilton21 Sep 15100,000106.5106,500120,0000.023
Rotala Dr John Gunn (ch)22 Sep 15120,0006780,4009,056,34823.753
Rotala Dr John Gunn (ch)18 Sep 1540,7446727,2989,176,34824.067
Rotala Geoffrey Flight22 Sep 15100,0006767,0001,100,0002.885
Sprue Aegis Ashley Silverton22 Sep 155,00032516,25015,0000.033
Sprue Aegis John Gahan (fd) 22 Sept 1565,555320209,77610,0000.020
Sprue Aegis Graham Whitworth (ch)22 Sep 1518,06332558,7053,521,9377.702
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/trust †Depositary receipts