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SMALL-CAP WINNERS & LOSERS: Petrofac jumps on USD200 million contract
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Petra Diamonds Information
Share Price Information for Petra Diamonds (PDL)
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Share Price:
40.10
Bid:
40.00
Ask:
40.10
Change:
0.10 (0.25%)
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0.10 (0.25%)
Open:
40.10
High:
40.10
Low:
40.00
Prev. Close:
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Don't have an account? Click here to register.Tuesday newspaper share tips: Glimmer of hope for Petra Diamonds
Tue, 01st Dec 2015 10:56
(ShareCast News) - Petra Diamonds has a glimmer of hope according to The Telegraph's Questor.The FTSE 250 company announced on Monday that its lender group has agreed to waive the measurements of the two covenant tests related to consolidated earnings before interest, taxes, depreciation and amortisation to and as at 31 December.The group, which includes Absa Bank, FirstRand Bank, IFC and Nedbank, has advised Petra that it remains supportive of the company and its expansion plans.Taking into account current trading conditions, together with the significant benefit of the weaker rand/US Dollar exchange rate, the company said it remains well financed for the completion of its capital expansion programmes.Questor noted it came after falling diamond prices resulted in a 31% slump in pre-tax profits for the company last year.However the company has dispelled this worry, and highlighted that the recent interest from an auction showed stable prices.Questor also highlighted that once its expansion plans are complete, it intends to produce 5m carats of diamonds a year by 2019, up from 3.2m carats last year.It said while it is a high-risk investment option, Petra has the support of its lenders as well as a clear strategy.On top of this, recent bad news has been factored into the share price which is why Questor upgraded it to 'buy'.Meanwhile in The Times, Tempus is playing a waiting game when it comes to Aberdeen Asset Management.The investment house said on Monday that full year underlying pre-tax profits rose only slightly to £491m from £490m due to the slump in Asian and emerging market equities.Assets under management slid to £283.7bn from £324.4bn as a result of investors fleeing the stock market in search of better returns in other asset classes.Revenues were up 5% to £1.17bn, while cash at the end of the year was £531m, down from £567m.Tempus said it has been an awful year for equities, with the company having 75% invested in the weak emerging markets, and that weakness could continue.It noted that the firm is doing what it can by bearing down on costs as the risks of oil prices threaten money being pulled out.However Tempus highlighted that it is diversifying, with the Scottish Widows Investment Partnership purchase now in for a full year as well as four smaller purchases."I would not be quite so negative, but would expect that dividend yield to provide some support at this level," it said."Emerging markets will recover one day, but no one could claim to know when."For that reason, Tempus advised to 'hold for income'.
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20 Feb 2024 11:57
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Read more20 Feb 2024 10:19
Petra Diamonds shares down as revenue drops on lower diamond sales
(Alliance News) - Petra Diamonds Ltd on Tuesday said it swung to a loss in the first half of its financial year due to higher costs and saw its revenue decline due to a fall in diamond sales.
Read more20 Feb 2024 10:11
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Read more20 Feb 2024 10:04
Petra Diamonds trims production guidance after earnings slide
(Sharecast News) - Shares in Petra Diamonds were sliding on Tuesday morning, after the company reported a decline in first-half revenue and earnings and lowered its production outlook for the full year.
Read more16 Feb 2024 10:40
IN BRIEF: Petra Diamonds reports drop in fourth tender sales
Petra Diamonds Ltd - diamond mining group focused on southern Africa - Says sales in its fourth tender declined. Sales in the period, which runs until February, total USD47.8 million, fall 30% from USD67.9 million in tender three which concluded in December. Tender 4 sales weaken by roughly a third year-on-year from USD72.1 million, it adds. The average price per carat declines 22% to USD112 in the most recent tender from USD143 a year prior.
Read more16 Feb 2024 09:58
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Read more16 Feb 2024 09:06
Petra Diamonds sales rise slightly in fourth tender cycle of FY24
(Sharecast News) - Mining company Petra Diamonds said on Friday that sales had slightly grown in 2024's fourth tender cycle, principally driven by higher prices throughout the period.
Read more13 Feb 2024 14:34
UK earnings, trading statements calendar - next 7 days
| Wednesday 14 February | |
| Coca-Cola HBC AG | Full Year Results |
| Dunelm PLC | Half Year Results |
| Pan African Resources PLC | Half Year Results |
| Severn Trent PLC | Trading Statement |
| United Utilities Group PLC | Trading Statement |
| Thursday 15 February | |
| Benchmark Holdings PLC | Q1 Results |
| Centrica PLC | Full Year Results |
| MJ Gleeson PLC | Half Year Results |
| Relx PLC | Full Year Results |
| South32 Ltd | Half Year Results |
| Friday 16 February | |
| NatWest Group PLC | Full Year Results |
| Segro PLC | Full Year Results |
| TBC Bank Group PLC | Full Year Results |
| Monday 19 February | |
| Bank of Cyprus Holdings PLC | Full Year Results |
| MoneySupermarket.com PLC | Full Year Results |
| Transense Technologies PLC | Half Year Results |
| Wilmington PLC | Half Year Results |
| Tuesday 20 February | |
| Barclays PLC | Full Year Results |
| BHP Group Ltd | Half Year Results |
| Coca-Cola Europacific Partners PLC | Full Year Results |
| Gran Tierra Energy Inc | Full Year Results |
| InterContinental Hotels Group PLC | Full Year Results |
| Petra Diamonds Ltd | Half Year Results |
| Springfield Properties PLC | Half Year Results |
| Comments and questions to newsroom@alliancenews.com | |
| A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional. | |
| Copyright 2024 Alliance News Ltd. All Rights Reserved. | |
16 Jan 2024 12:21
Petra Diamonds revenue falls due to lower diamond prices; output up
(Alliance News) - Petra Diamonds Ltd on Tuesday reported a decline in revenue despite an uptick in production and sales, as the price of diamonds fell.
Read more16 Jan 2024 11:32
Petra Diamonds on track, sees signs of price stabilisation
(Sharecast News) - South Africa and Tanzania-focused diamond miner Petra said it remains on track to hit its full-year production guidance and reported "encouraging" signs of a recovery in prices after a tough year for the industry.
Read more14 Dec 2023 17:20
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Read more13 Dec 2023 12:38
IN BRIEF: Petra Diamonds signs deal for sale of Koffiefontein mine
Petra Diamonds Ltd - diamond mining group focused on southern Africa - Signs non-binding term sheet with an unnamed party for the sale of its Koffiefontein diamond mine in South Africa. The company has been considering an exit from the site since April 2022, and continues to move towards the mine's closure. A closure application is expected to be submitted to the South African Department of Mineral Resources & Energy in February 2024, which will only be withdrawn upon this potential sale's completion. The sale would also be subject to the consent of the DMRE. Petra says it is committed to ensuring the future owner "has the technical and financial capability to conduct operations in a responsible manner for all stakeholders".
Read more8 Dec 2023 10:14
SMALL-CAP WINNERS & LOSERS: Petrofac rises further; Petra shines
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
Read more8 Dec 2023 09:45
Petra Diamonds revolving credit increase approved; diamond prices up
(Alliance News) - Petra Diamonds Ltd on Friday said the increase of its revolving credit facility has been approved, while also reporting a growth in diamond prices at its latest tender sale.
Read more