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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: 42.50
Bid: 42.50
Ask: 42.90
Change: 0.40 (0.95%)
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Open: 42.10
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Low: 42.10
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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
30 Nov 2022 09:20

Petra Diamonds confirms low risk of further breaches in Tanzania mine

(Alliance News) - Petra Diamonds Ltd on Wednesday said there is a low risk of further breaches at the tailings storage facility wall breach at the Williamson mine in Tanzania.

Read more
30 Nov 2022 08:33

Petra mulling next steps after assessing tailings dam breach

(Sharecast News) - Petra Diamonds updated the market on the 7 November tailings storage facility wall breach at the Williamson mine in Tanzania on Wednesday, reporting that its assessment team found there was a "low risk" of further breaches of the facility, or a breach of the New Alamasi water dam.

Read more
24 Nov 2022 14:33

Petra Diamonds increases sales but average price per carat falls

(Alliance News) - Petra Diamonds Ltd on Thursday said it increased its diamond sales in the second tender for the financial year, but the average price per carat fell.

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11 Nov 2022 09:51

LONDON BROKER RATINGS: UBS cuts Smurfit and GSK; Jefferies likes M&G

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

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11 Nov 2022 08:54

IN BRIEF: Petra Diamonds says no fatalities at Williamson facility

Petra Diamonds Ltd - London-based diamond miner focused on South Africa and Tanzania - On Thursday confirms no fatalities or serious injuries at Tailings Storage facility wall breach at Williamson in Tanzania. Says three injuries of a minor nature have been reported and appropriate treatment has been provided. "The cause of the breach is not yet confirmed and an investigation is underway", Petra says.

Read more
10 Nov 2022 14:48

Production at Petra Diamonds Williamson mine suspended for up to 3 months

(Sharecast News) - Petra Diamonds said on Thursday that production from the Williamson mine in Tanzania is expected to be suspended for up to three months following a wall breach and flooding at the tailings storage facility (TSF).

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9 Nov 2022 15:56

UK shareholder meetings calendar - next 7 days

Thursday 10 November 
ACP Energy PLCAGM
Alternative Income REIT PLCAGM
BHP Group LtdAGM
Ferro-Alloy Resources LtdAGM
London Finance & Investment Group PLCAGM
UIL LtdAGM
Friday 11 November 
88 Energy LtdGM re proposed resolutions vote
Abcam PLCGM re approval to leave AIM on 14 December
Galliford Try Holdings PLCAGM
Ingenta PLCGM re capital allocation
Redrow PLCAGM
Monday 14 November 
DeepVerge PLCGM re conditional placing, conditional subscription and broker offer
Tuesday 15 November 
Berkeley Energia LtdAGM
Biffa PLCGM re proposed takeover by ECP
Craneware PLCAGM
Unicorn AIM VCT PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 16 November 
European Opportunities Trust  PLCAGM
Finsbury Food Group PLCAGM
GreenX Metals LtdAGM
Jubilee Metals Group PLCAGM
Litigation Capital Management LtdAGM
Marble Point Loan Financing LtdAGM
McBride PLCAGM
Petra Diamonds LtdAGM
Smiths Group PLCAGM
ThinkSmart LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
7 Nov 2022 11:27

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.

Read more
25 Oct 2022 11:34

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.

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21 Oct 2022 18:00

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:

Read more
21 Oct 2022 09:38

LONDON BROKER RATINGS: HSBC cuts Asos; Berenberg likes Synthomer

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

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13 Oct 2022 10:14

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:

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6 Oct 2022 10:46

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Gem Diamonds

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

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14 Sep 2022 10:29

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.

Read more
14 Sep 2022 09:40

LONDON BROKER RATINGS: Stifel downgrades IAG, easyJet and Ryanair

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

Read more

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