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Pin to quick picksPetra Diamonds Share News (PDL)

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TRADING UPDATES: Staffline revenue rises, Petra Diamonds sees momentum

Tue, 14th Sep 2021 14:44

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

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Staffline Group PLC - Nottingham-based recruitment agency - Revenue in the first half of 2021 increases 4.7% to GBP450.7 million from GBP430.3 million. Pretax loss narrows to GBP800,000 from GBP46.8 million. Continues to benefit from increased client activity in the UK and Ireland. Trading is currently in line with full-year forecasts announced in July. "Whilst we expect to see continued sector-specific labour shortages, we believe Staffline is well placed to capitalise on its position as the clear leader in many markets," Chief Executive Albert Ellis says.

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Petra Diamonds Ltd - London-based diamond miner - Revenue in the financial year ended June 30 rises 65% to USD402.3 million from USD243.4 million the previous year. Adjusted loss before tax narrows to USD8.9 million from USD74.0 million. Production falls to 3.2 million carats from 3.3 million carats. Expects to produce between 3.3 million and 3.6 million carats in financial 2022. Capital expenditure guidance USD78 million 92 million. "We enter FY 2022 with some momentum from a considerably strengthened balance sheet, ongoing optimisation of our asset base and a positive outlook for the diamond market," Chief Executive Richard Duffy says.

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CloudCall Group PLC - Leicester-based customer management software - Revenue rises 10% year-on-year in the first half of 2021, to GBP6.4 million from GBP5.8 million. Pretax loss widens to GBP4.1 million from GBP2.6 million. Remains confident for 2021 and 2022 revenue forecasts, although revenue will be hit by the stronger pound. Expenditure has been carefully controlled, meaning 2021 loss before interest, tax, depreciation and amortisation will be narrower than previously guided.

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Pathfinder Minerals PLC - mineral sands explorer in Mozambique - Pretax loss in first half of 2021 narrows to GBP298,000 from GBP430,000 a year ago. Continues to prepare for legal claim against Mozambique government over the loss of a licence in 2011. "At the same time, we will continue to assess other project opportunities to provide additional avenues for value creation."

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VR Education Holdings PLC - Waterford, Ireland-based virtual reality software - Revenue in the first half of 2021 increases 83% year-on-year to EUR1.2 million from EUR681,152. Pretax loss widens to EUR1.3 million from EUR1.1 million. Reports accelerated demand for the Engage software platform, which now has over 130 commercial customers. Strengthening sales team in the US ahead of the launch of Engage Oasis. Stays on track for medium-term targets announced in January.

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Ocean Outdoor Ltd - outdoor media and billboard advertising operator - Revenue in the first half of 2021 increases 11% year-on-year to GBP40.5 million from GBP36.5 million. Pretax loss narrows to GBP24.8 million from GBP29.5 million. Positive momentum has continued into the second half. Company separately announces it has been appointed media partner of Westfield Copenhagen shopping centre, a seven-year contract worth a total of GBP7 million.

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Tandem Group PLC - Birmingham-based sports equipment - Revenue in the first half of 2021 increases 14% year-on-year to GBP19.3 million from GBP16.9 million. Pretax profit rises 35% to GBP1.9 million from GBP1.4 million. High supply chain costs have continued, but company is "managing these challenges well". "The outlook for the remainder of 2021 remains positive and the board are confident that with revenue to 31 August 14% ahead of the prior year...the group will deliver another strong year." Interim dividend raised to 3.43 pence per share from 3.12p per share last year.

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Corero Network Security PLC - London-based cybersecurity - Revenue in the first half of 2021 increases 34% year-on-year to USD8.3 million from USD6.2 million. Pretax loss narrows to USD1.2 million from USD2.7 million. Remains confident for full-year forecasts, with a promising order pipeline in the second half. Continues to monitor supply chain uncertainty.

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Bonhill Group PLC - London-based media and live events - Revenue in the first half of 2021 falls 13% to GBP6.7 million from GBP7.8 million, reflecting a lack of live events. Pretax loss narrows to GBP2.6 million from GBP11.1 million. Expects 5% revenue growth in 2021 and earnings before interest, tax, depreciation and amortisation of GBP1.2 million. "We are cautiously optimistic about H2 and the important fourth quarter and believe the promising start we have made to the year positions us well for future growth," Chief Executive Simon Stilwell says.

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STM Group PLC - Isle of Man-based pensions and insurance administrator - Revenue in the first half of 2021 falls 3.4% to GBP11.4 million from GBP11.8 million. Pretax profit falls 5.3% to GBP947,000 from GBP1.0 million. Declares interim dividend of 0.60p per share, up from 0.55p per share last year.

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Bluejay Mining PLC - precious and base metals explorer in Greenland and Finland - Pretax loss widens in first half of 2021, to GBP1.4 million from GBP1.2 million, on increased administrative expenses. "We now have two fully financed exploration programmes totalling USD35 million at our Enonkoski and Disko projects. These achievments over the last six months have positioned Bluejay well to capitalise on the next 12 to 18 months as we transition into a revenue generator once Dundas is operational," company says.

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British Honey Co PLC - Buckinghamshire-based spirits and honey maker - Revenue in the first half of 2021 triples year-on-year to GBP3.0 million from GBP1.0 million. Pretax loss widens to GBP1.4 million from GBP992,953. The figures include four months' earnings from Union Distillers Ltd, which was acquired in the period. "As the hospitality and leisure sectors are emerging from lockdown restrictions...BHC is very well placed to take full advantage of the opportunities presented by the significant shift in consumer purchasing and lifestyle habits," Chief Executive Michael Williams says.

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Standard Life Investments Property Income Trust Ltd - commercial property investor - Net asset value per share increases 7.7% to 88.3p on June 30 from 82.0p on December 31. Swings to pretax profit of GBP30.0 million in the first half of 2021, from a loss of GBP30.4 million year-on-year. Expects industrial property to perform well in the next three years, while offices and retail face falling rents and rising income risk.

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By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
20 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 more
16 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 more
16 Feb 2024 09:58

SMALL-CAP WINNERS & LOSERS: XP Power plunges on revenue caution

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

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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.

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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 more
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.

Read more
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:

Read more
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.

Read more
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:

Read more
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.

Read more
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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