David Abery - Petra Diamonds Finance Director, Executive Director

Director

Mr. David Abery is no longer Finance Director Executive Director of Petra Diamonds Ltd effective 30 June 2016. Role Mr Abery leads the financial management of the Group and is responsible for financing treasury financial controls reporting legal investor relations compliance and corporate governance. Appointment date July 2003 Qualifications Chartered accountant ICAEW Experience Mr Abery has extensive experience as a chief financial officer in both the South African and UK business environments. He was integral to the structuring and delivery of strategic Group corporate development and acquisitions at Petra as well as the implementation of a number of innovative financing transactions. He is responsible for all matters pertaining to Petras UK listing. since 2003.
Age 50
Tenure 21 years
Phone44 20 7494 8203
Webhttp://www.petradiamonds.com

Petra Diamonds Management Efficiency

The company has return on total asset (ROA) of (4.35) % which means that it has lost $4.35 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (66.61) %, meaning that it generated substantial loss on money invested by shareholders. Petra Diamonds' management efficiency ratios could be used to measure how well Petra Diamonds manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 946.1 M in total debt with debt to equity ratio (D/E) of 7.82, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Petra Diamonds has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Petra Diamonds until it has trouble settling it off, either with new capital or with free cash flow. So, Petra Diamonds' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Petra Diamonds sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Petra to invest in growth at high rates of return. When we think about Petra Diamonds' use of debt, we should always consider it together with cash and equity.

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Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. Petra Diamonds Limited was founded in 1997 and is based in London, the United Kingdom. Petra Diamonds is traded on OTC Exchange in the United States. Petra Diamonds Limited [PDMDF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Petra Diamonds Leadership Team

Elected by the shareholders, the Petra Diamonds' board of directors comprises two types of representatives: Petra Diamonds inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Petra. The board's role is to monitor Petra Diamonds' management team and ensure that shareholders' interests are well served. Petra Diamonds' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Petra Diamonds' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jim Davidson, Technical Director and Executive Director
Koos Visser, COO
Alexander Hamilton, Non-Executive Independent Director
Octavia Matloa, Non-Executive Independent Director
Johan Dippenaar, CEO, Executive Director
Jacques Breytenbach, CFO
Richard Duffy, CEO
Cathy Malins, Corporate Communications Manager
Bernard Pryor, Non-Executive Independent Director
Adonis Pouroulis, Non Executive Chairman and Chairman of Nomination Committee
Luctor Roode, COO
David Abery, Finance Director, Executive Director
Patrick Bartlett, Independent Non-Executive Director, Member of Remuneration Committee, Member of Audit Committee and Member of Nomination Committee
Anthony Lowrie, Senior Independent Non-Executive Director
Varda Shine, Non-Executive Independent Director

Petra Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Petra Diamonds a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Note that the Petra Diamonds information on this page should be used as a complementary analysis to other Petra Diamonds' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Other Consideration for investing in Petra OTC Stock

If you are still planning to invest in Petra Diamonds check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Petra Diamonds' history and understand the potential risks before investing.
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