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Pin to quick picksPetra Diamonds Share News (PDL)

Share Price Information for Petra Diamonds (PDL)

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Share Price: 44.00
Bid: 42.10
Ask: 43.00
Change: 1.00 (2.33%)
Spread: 0.90 (2.138%)
Open: 42.00
High: 44.00
Low: 41.80
Prev. Close: 43.00
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SMALL-CAP WINNERS & LOSERS: Nanoco shareholders allege wrongdoing

Mon, 27th Mar 2023 10:26

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

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SMALL-CAP - WINNERS

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Petra Diamonds Ltd, up 2.1% at 72.5 pence, 12-month range 68.5p-139p. The diamond miner in South Africa and Tanzania hires Lerato Molebatsi as independent non-executive director from next Monday. Molebatsi is lead independent non-executive director at the South African Reserve Bank. She replaces Octavia Matloa, who will retire at the end of June.

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De La Rue, up 5.5% at 56.00p, 12-month range 50.58p-118.8p. Stock in the bank note printer jumps off recent lows, having hit a 12-month low a week ago.

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SMALL-CAP - LOSERS

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Nanoco PLC, down 2.0% at 19.90p, 12-month range 19.69p-72.6p. The quantum dot developer slides as a group of shareholders make a letter raising "serious corporate governance concerns" public. The group is led by Tariq Hamoodi, who holds a 4.2% stake in the firm, and shares "deep concerns" about actions within and involving Nanoco and minority shareholders Richard Griffiths and Lombard Odier. Among their concerns, the group says Nanoco has "apparently transacted" with the minority shareholders to raise finance on terms that benefit the minority shareholders. They also allege some of the statements around the "merits and settlement prospects" in the Samsung litigation "appear to be misleading". The group says the minority shareholders seemed to be acting on information that wasn't available to other shareholders or the market more generally. "Preferred shareholders dumped their shares in Nanoco whilst the share price was rising on the basis of statements made or withheld about the Samsung Litigation, before it sharply fell after settlement details were published," the group says. The group demands Nanoco's board removes or suspends directors involved in these activities - including its chair, CEO and CFO - and replaces them with independent directors.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
16 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.

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13 Feb 2024 14:34

UK earnings, trading statements calendar - next 7 days

Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf 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.

Read more
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.

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16 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.

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14 Dec 2023 17:20

EARNINGS AND TRADING: abrdn Diversified Income to begin wind-down

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

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13 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 more
8 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.

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8 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.

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14 Nov 2023 18:43

TRADING UPDATES: Petra Diamonds chair to retire

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

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8 Nov 2023 16:37

IN BRIEF: Petra Diamonds CEO Duffy buys shares for total GBP128,194

Petra Diamonds Ltd - Southern Africa-focused diamond miner and supplier - Chief Executive Officer Richard Duffy buys 266,411 shares for total GBP128,194. Price range of shares vary from 45.65 pence each to 48.75p each.

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7 Nov 2023 15:51

UK shareholder meetings calendar - next 7 days

Wednesday 8 November 
Incanthera PLCAGM
JPMorgan Emerging Markets Investment Trust PLCAGM
Thursday 9 November 
D4t4 Solutions PLCGM re name change to Celebrus Technologies PLC
Libertine Holdings PLCAGM
SIMEC Atlantis Energy LtdEGM re appointment of Nexia Singapore PAC as auditors
Friday 10 November 
DFS Furniture PLCAGM
Galliford Try Holdings PLCAGM
Minoan Group PLCAGM
Minoan Group PLCGM re issuing shares
Quartix Technologies PLCAGM
Redrow PLCAGM
Monday 13 November 
Ironveld PLCGM re fundraising
Victoria PLCGM re annual accounts and Grant Thornton UK LLP re-appointment as auditors
Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
1 Nov 2023 15:02

IN BRIEF: Petra Diamonds slashes spending in response to weak market

Petra Diamonds Ltd - Southern Africa-focused diamond miner and supplier - Cuts back capital expenditure plans for financial year 2024 by up to USD65 million, in response to diamond market weakness. Last month, Petra reported a 17% decline in prices at its second tender of stones for the financial year. The spending cuts include deferrals of work programmes at the Cullinan and Finsch mines in South Africa, as well as the deferral of USD3 million to USD5 million in sustaining capital expenditure compared to prior guidance. Petra also will cut operating costs by USD7 million to USD10 million. Petra is in talks with Absa Bank, part of Absa Group Ltd, in South Africa to increase its existing ZAR1 billion revolving credit facility by up to ZAR750 million, about USD40 million. A decision in-principle is expected during November.

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1 Nov 2023 08:56

Petra Diamonds deferring capital spending amid weaker pricing

(Sharecast News) - Petra Diamonds unveiled a series of strategic actions aimed at enhancing its financial resilience on Wednesday in response to challenges being posed by weaker diamond prices and market uncertainties.

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24 Oct 2023 19:21

EARNINGS AND TRADING: Robinson hit by Storm Babet, Altona loss widens

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

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24 Oct 2023 10:24

SMALL-CAP WINNERS & LOSERS: DFS Furniture rises on ScS takeover

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

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