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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: 40.50
Bid: 40.50
Ask: 41.50
Change: -0.40 (-0.98%)
Spread: 1.00 (2.469%)
Open: 41.00
High: 41.00
Low: 40.50
Prev. Close: 40.90
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SMALL-CAP WINNERS & LOSERS: Petrofac rises further; Petra shines

Fri, 08th Dec 2023 10:14

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

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SMALL-CAP - WINNERS

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Petrofac Ltd, up 12% at 22.04 pence, 12-month range 14.58p-91.05p. The provider of services to the energy industry extends recent gains, rising 42% since the start of the week. It said Monday it is mulling a "range of strategic and financial options" to strengthen its balance sheet, as it warned it would not meet its annual cash flow guidance following payment delays.

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Petra Diamonds Ltd, up 2.0% at 51p, 12month range 387p-104p. The Southern Africa-focused diamond miner and supplier said South African firm Absa Bank, which is part of Absa Group Ltd, has approved the increase to its revolving credit facility to USD93 million from USD53 million. It also reports growth in diamond sales in its most recent tender. Says 462,794 carats sold in tender 3 of the financial year ending June 30 for a total of USD58.7 million, representing a 4.2% increase from 444,029 carats sold in tender 2 for USD40.5 million. Meanwhile, the price was up by 20% on a like-for-like basis.

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SMALL-CAP - LOSERS

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MJ Gleeson PLC, down 1.3% at 437.25p, 12-month range 331p-475p. The housebuilder and land investor's price target is cut to 550p from 575p previously by the Royal Bank of Canada, though the bank maintains its 'outperform' rating for the stock.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Feb 2022 06:57

IN BRIEF: Petra Diamonds sets out three-year production guidance

Petra Diamonds Ltd - diamond miner in South Africa and Tanzania - Pretax profit falls by a third to USD62.7 million in the financial half year that ended December 31 from USD90.7 million a year before. Revenue of USD264.7 million, up 49% from USD178.1 million, was in line with a trading update provided by Petra back in January. Operating costs rose in line with revenue, but Petra booked lower financial income and higher financial expense and also suffered negative currency movement. The company declared no interim dividend, the same as a year before.

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Petra Diamonds sees revenue rise and looks positively to second half

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UPDATE 4-Junior miners Strandline, Black Rock, OreCorp sign agreements with Tanzania

* Junior miners sign agreements at ceremony in capital* Petra Diamonds gives govt 16% free carried interest* Petra's stake in Williamson mine to fall from 75% to 63% (Adds quote from President Hassan)By Nuzulack DausenDAR ES SALAAM, Dec 13 (Reuters)...

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13 Dec 2021 09:01

UPDATE 2-Junior miners Strandline, Black Rock sign agreements with Tanzania

(Recasts with Strandline, Black Rock agreements)DAR ES SALAAM, Dec 13 (Reuters) - Australia's Strandline Resources, Black Rock Mining and Orecorp on Monday signed framework agreements with the government of Tanzania, a step towards the development...

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13 Dec 2021 09:01

UPDATE 1-Petra Diamonds to grant Tanzania 16% free carried interest in Williamson mine

(Adds details on framework agreement, other mining companies present)DAR ES SALAAM, Dec 13 (Reuters) - Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duf...

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13 Dec 2021 09:01

UPDATE 3-Junior miners Strandline, Black Rock, OreCorp sign agreements with Tanzania

* Junior miners sign agreements at ceremony in capital* Petra Diamonds gives govt 16% free carried interest* Petra's stake in Williamson mine to fall from 75% to 63% (Adds Petra Diamonds signed agreement)By Nuzulack DausenDAR ES SALAAM, Dec 13 (Reut...

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13 Dec 2021 08:19

Petra Diamonds to grant Tanzania 16% free carried interest in Williamson mine

DAR ES SALAAM, Dec 13 (Reuters) - Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duffy said at a signing ceremony in Dar Es Salaam on Monday.The move wil...

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UK shareholder meetings calendar - next 7 days

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27 Oct 2021 10:53

Berenberg lowers Petra Diamonds to 'hold'

(Sharecast News) - Analyst at Berenberg downgraded Petra Diamonds from 'buy' to 'hold' on Wednesday, stating now was the time to take some profit.

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27 Oct 2021 09:44

LONDON BROKER RATINGS: Entain, Unite Group and FirstGroup upped to Buy

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