Petra Diamonds Share News (PDL)

UK shareholder meetings calendar - next 7 days

Petra Diamonds halts production at Tanzania mine after wall breach

(Alliance News) - Petra Diamonds Ltd on Monday reported that the eastern wall at it tailings storage facility at the Williamson mine in Tanzania was breached.

IN BRIEF: Petra Diamonds quarterly revenue down as diamond sales fall

Petra Diamonds Ltd - London-based diamond miner focused on South Africa and Tanzania - Produces and sells fewer diamonds in first quarter as net debt widens and revenue falls. In the first quarter that ended September 30, revenue falls 10% to USD102.9 million from USD114.9 million a year prior. Diamond sales decline by 10% to 520,011 carats from 578,186 a year ago, while diamond production falls 13% to 763,220 carats from 876,411. The firm notes that lost time injury frequency rate in the quarter improved by 48% to 0.16 compared to 0.31 a year ago.

TRADING UPDATES: Botswana Diamonds and Petra Diamonds strike data deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and Thursday and not separately reported by Alliance News:

LONDON BROKER RATINGS: HSBC cuts Asos; Berenberg likes Synthomer

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

LONDON BROKER RATINGS: Mondi and Smurfit Kappa raised, DS Smith cut

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Gem Diamonds

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Berenberg raises target price on Petra Diamonds

(Sharecast News) - Analysts at Berenberg raised their target price on diamond ming outfit Petra Diamonds from 107.0p to 130.0p on Wednesday, updating its model for the group following its full-year results.

LONDON BROKER RATINGS: Stifel downgrades IAG, easyJet and Ryanair

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

IN BRIEF: Petra Diamonds shares rise with higher revenue; tender offer

Petra Diamonds Ltd - London-based diamond mining company focused on South Africa and Tanzania - Post a pretax profit of USD125.9 million for the year to June 30, down 43% versus USD219.6 million the year before. Prior period benefits from a USD14.7 million profit from a disposal. Further, finance income fell 77% to USD19.0 million from USD81.6 million. Revenue rises 44% to USD585.2 million from USD406.9 million. Credits this to a 42% increase in year-on-year like-for-like prices. Declares no dividends for this year, unchanged from a year before. Launches a USD150 million tender offer to reduce gross debt. Says it will save the company up to USD15 million yearly in interest expenses.

SMALL-CAP WINNERS & LOSERS: Trustpilot soars as interim loss narrows

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Petra Diamonds upbeat on preliminary, tender results

(Sharecast News) - Petra Diamonds reported record preliminary full-year results on Tuesday, with revenue rising 44% to $585m, as it launched a $150m tender offer to reduce its debt and recorded strong sales in its first tender for the new year.

UK earnings, trading statements calendar - next 7 days

SMALL-CAP WINNERS & LOSERS: NextEnergy Solar rises on dividend hike

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

LONDON BROKER RATINGS: Liberum cuts Gem Diamonds and Petra Diamonds

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning: