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Pin to quick picksPetra Diamonds Share News (PDL)

Share Price Information for Petra Diamonds (PDL)

London Stock Exchange
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Share Price: 42.50
Bid: 42.50
Ask: 42.90
Change: 0.40 (0.95%)
Spread: 0.40 (0.941%)
Open: 42.10
High: 42.70
Low: 42.10
Prev. Close: 42.10
PDL Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: No oasis for Restaurant Group board

Tue, 21st Feb 2023 10:39

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

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SMALL-CAP - WINNERS

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Pod Point Group Holdings PLC, up 4.0% at 63.8 pence, 12-month range 46p-237.81p. The provider of equipment and systems for charging electric vehicles rises after the UK Department of Transport announces plans for thousands of new charge points across the UK. A total of 2,400 new charge points will be installed in areas such as Cumbria, Norfolk, Oxfordshire and West Sussex, with GBP56 million in public and industry funding.

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SMALL-CAP - LOSERS

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Petra Diamonds Ltd, down 6.5% at 72.5p, 12-month range 72p-139p. The diamond company reports a fall revenue to USD212.1 million in the six months that ended December 31 from USD264.7 million a year before. Swings to pretax loss of GBP3.4 million from GBP62.7 million profit. Operating costs climb to USD188.5 million from USD157.1 million. Leaves production guidance unchanged, and says is "well-placed" to capitalise of "supportive diamond market fundamentals".

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Restaurant Group PLC, down 2.2% at 33.2p, 12-month 25.02p-102.8p. The operator of UK restaurant and pubs notes a further press release from shareholder Oasis Management Co Ltd. Last Thursday, Oasis had asked for a seat on the company's board, and for a strategic review to be undertaken by an independent bank. Restaurant Group had rejected the request but said it "welcomed constructive dialogue with [its] shareholders and will continue to engage with Oasis". On Tuesday, the company says it provided a full response to the initial letter last week, and its next announcement will be its full-year results on March 8. "We look forward to updating our shareholders then," it says.

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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.

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10 Nov 2020 15:42

UK Earnings, Trading Statements Calendar - Next 7 Days

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27 Oct 2020 17:54

IN BRIEF: Petra First-Quarter Revenue Up 33% But Output Down

IN BRIEF: Petra First-Quarter Revenue Up 33% But Output Down

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21 Oct 2020 16:06

UK Shareholder Meetings Calendar - Next 7 Days

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21 Oct 2020 15:26

IN BRIEF: Petra Diamonds To Conduct Tender For Letlapa Tala Collection

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20 Oct 2020 11:18

UPDATE 3-Petra Diamonds shares fall on debt-for-equity deal

* Petra agrees restructuring deal with debt holders* Plan will give noteholders 91% of the company* Shares down 3.6% after dropping 18% at open (Adds analyst comments)By Helen Reid and Yadarisa ShabongOct 20 (Reuters) - Petra Diamonds has abandoned ...

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20 Oct 2020 11:00

Creditors to take control after Petra secures restructuring deal

(Sharecast News) - Shares in Petra Diamonds lost their sparkle on Tuesday after the mining company abandoned plans to sell the business in favour of a debt-for-equity swap.

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20 Oct 2020 07:50

UPDATE 2-Petra Diamonds shares slump on debt-for-equity deal

* Petra agrees restructuring deal with debt holders* Plan will give noteholders 91% of the company* Shares down 9.6% (Writes through, add shares)By Helen Reid and Yadarisa ShabongOct 20 (Reuters) - Petra Diamonds has abandoned plans to sell the bus...

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20 Oct 2020 07:50

CORRECTED-UPDATE 2-Petra Diamonds shares slump on debt-for-equity deal

(Corrects to show debtholders to contribute $30 million, removes reference to $337 million of new liquidity, paragraph 4)* Petra agrees restructuring deal with debt holders* Plan will give noteholders 91% of the company* Shares down 9.6%By Helen Rei...

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20 Oct 2020 07:50

UPDATE 1-Petra Diamonds agrees restructuring terms with noteholders and South African lenders

(Adds details, context)Oct 20 (Reuters) - Africa-focused miner Petra Diamonds said on Tuesday it had an agreement with its noteholders and lenders to restructure the group and was abandoning a formal sale process after receiving no viable offers f...

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6 Oct 2020 19:28

UK TRADING UPDATE SUMMARY: Petra Strikes Deal With South African Union

UK TRADING UPDATE SUMMARY: Petra Strikes Deal With South African Union

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16 Sep 2020 16:44

IN BRIEF: Petra Diamonds Lauds Big Diamond Finds At Cullinan

IN BRIEF: Petra Diamonds Lauds Big Diamond Finds At Cullinan

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16 Sep 2020 11:59

Petra recovers 5 blue diamonds; warns over possible equity dilution

(Sharecast News) - Petra Diamonds said on Wednesday that it has recovered five blue diamonds at its Cullinan mine in South Africa, as it warned that measures to improve its capital structure could result in significant equity dilution.

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9 Sep 2020 17:38

Petra Shares Slide Amid UK Court Claim Over Alleged Human Rights Abuse

Petra Shares Slide Amid UK Court Claim Over Alleged Human Rights Abuse

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9 Sep 2020 09:32

Petra Diamonds hit by accusations of human rights breaches

(Sharecast News) - Petra Diamonds said on Wednesday that UK-based law firm Leigh Day has filed claims against it alleging human rights breaches at its 75%-owned Williamson mine in Tanzania.

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12 Aug 2020 15:15

RPT-From carats to peanuts: how a pandemic upended the global diamond industry

(Repeats to additional subscribers with no changes to text)* Global diamond supply chains convulsed by pandemic* Diamond polishers in India switch to farming* Miners seek new supply deals to boost margins* Mines from Canada to Lesotho still shuttered...

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