Petra Diamonds Share News (PDL)

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Petra postpones rough diamond sale into new financial year

Petra Diamonds Ltd - diamond miner in Tanzania and South Africa - Warns results for financial year ending June 30 will be hurt by decision to postpone its planned sixth tender of rough diamonds from June until August, though financial 2024 will benefit. Petra Chief Executive Richard Duffy says the decision was made "in light of what we expect to be a temporary slowdown in the market for rough diamonds as a result of elevated inventory in the mid-stream". Last month, Petra said sales in its fifth tender, between March and May, were USD42.1 million, down 51% from USD86.1 million in the fifth tender a year before. They were down by 42% from USD72.1 million in tender 4, which had ended in March. Tender 6 would have offered about 230,000 carats of rough diamonds from the Cullinan mine and 150,000 from Finsch, both in South Africa.

SMALL-CAP WINNERS & LOSERS: ME Group jumps as ups guidance

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

LONDON BROKER RATINGS: Morgan Stanley raises ConvaTec to 'overweight'

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

IN BRIEF: Petra Diamonds to sell shares in Williamson Diamonds

Petra Diamonds Ltd - diamond mining company with operations in Tanzania, Botswana and South Africa - Enters definitive transaction documents which give effect to the memorandum of understanding announced in December, involving the sale of 50% less one share of the entity which holds Petra's shareholding in Williamson Diamonds Ltd. Notes deal includes a prorated portion of shareholder loans owed by WDL for a total consideration of USD15 million. Petra expects payments to be received over five years. WDL is the operator of the Williamson Mine, and is currently 25% owned by the Government of Tanzania and 75% owned by Petra, with Petra having acquired its majority interest in WDL in 2009. On completion of the deal, Petra will hold 31.5% of WDL. Says proceeds will be used to strengthen its balance sheet.

SMALL-CAP WINNERS & LOSERS: Petra Diamonds notes softer demand

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

LONDON BROKER RATINGS: Redburn cuts Flutter; Stifel likes IMI

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

TRADING UPDATES: Angus hails initial clean up of well; Amati NAV falls

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

SMALL-CAP WINNERS & LOSERS: Triple Point Social Housing plots buyback

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

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Petra Diamonds hires South Africa central bank lead director

Petra Diamonds Ltd - diamond mines in South Africa and Tanzania - Appoints Lerato Molebatsi as an independent non-executive director, joining on Monday next week. Molebatsi currently is lead independent non-executive director of the South African Reserve Bank, in post at the central bank since 2019. Molebatsi also is a non-executive director of Johannesburg-listed restaurant franchise operator Spur Corp Ltd. As an executive, Molebatsi was chief executive officer of General Electric South Africa, part of the US's General Electric Co. Departing the Petra Diamonds board is Octavia Matloa, leaving at the end of June after serving as a non-executive director since 2014.

SMALL-CAP WINNERS & LOSERS: Nanoco shareholders allege wrongdoing

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

TRADING UPDATES: Petra Diamonds sells more diamonds amid price growth

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

TRADING UPDATES: Star Phoenix loss narrows but Petra's widens

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

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

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