PDL.L - Petra Diamonds Limited

LSE - LSE Delayed price. Currency in GBp
61.85
+1.30 (+2.15%)
At close: 4:35PM BST
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Previous close60.55
Open63.20
Bid35.00 x 8800
Ask83.00 x 876700
Day's range60.81 - 63.20
52-week range58.50 - 134.90
Volume4,823,344
Avg. volume2,189,450
Market cap329.361M
Beta1.30
PE ratio (TTM)N/A
EPS (TTM)-19.40
Earnings date19 Feb 2018 - 23 Feb 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2015-10-15
1y target est1.30
  • Reutersyesterday

    Petra Diamonds says it urgently needs to raise $178 million to cut debt

    Mining firm Petra Diamonds (PDL.L) said it aims to raise $178 million (133.3 million pounds) to help cut its debt burden, and warned it could run low on working capital and breach its debt covenants if shareholders do not back the proposed rights issue. Petra, which last month finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year, said it would offer new shares at 40 pence. "If the resolutions to be proposed at the special general meeting are not passed, the rights issue will not take place and the company will not receive the net proceeds from the rights issue of approximately US$170 million," Petra said in a statement announcing the new share issue.

  • Reuters - UK Focusyesterday

    Petra Diamonds says it urgently needs to raise $178 mln to cut debt

    Mining firm Petra Diamonds (Frankfurt: 908093 - news) said it aims to raise $178 million to help cut its debt burden, and warned it could run low on working capital and breach its debt covenants if shareholders do not back the proposed rights issue. Petra, which last month finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year, said it would offer new shares at 40 pence. "If the resolutions to be proposed at the special general meeting are not passed, the rights issue will not take place and the company will not receive the net proceeds from the rights issue of approximately US$170 million," Petra said in a statement announcing the new share issue.

  • Petra Diamonds battles to shore up finances with £133m cash call to investors
    The Telegraphyesterday

    Petra Diamonds battles to shore up finances with £133m cash call to investors

    Petra Diamonds battles to shore up finances with £133m cash call to investors

  • Petra Diamonds to Raise $178 Million to Help Lower Debt
    Bloombergyesterday

    Petra Diamonds to Raise $178 Million to Help Lower Debt

    Petra Diamonds Ltd. plans to raise $178 million from shareholders as the southern African gem miner seeks to cut a debt load that has seen it breach its banking terms.

  • Reuters - UK Focuslast month

    BUZZ-Petra Diamond: rises after strong Q3

    ** London-listed miner Petra Diamond shares +4.5 pct after Q3 revenue jumps 44 pct on higher production ** Q3 rev at $172 mln vs $119.1 mln yr ago; Q3 production up 20 pct ** Petra says diamond market ...

  • Reuterslast month

    Petra Diamonds secures new debt agreements with lenders

    Petra Diamonds (PDL.L) said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year. Tanzania accused Petra of underdeclaring the value of the diamonds, in a move that was seen as part of the country's crackdown on the mining industry to reap more revenue from its minerals. Petra has denied any wrongdoing and has said the consignment has not been released.

  • Petra Diamonds secures new debt agreements with lenders
    Reuterslast month

    Petra Diamonds secures new debt agreements with lenders

    Petra Diamonds (PDL.L) said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year. The London-listed miner started talks with its banks earlier this year after the confiscation of a consignment of its diamonds by Tanzania and a labor strike at its South African mines put it at risk of falling short of its loan obligations. Tanzania accused Petra of underdeclaring the value of the diamonds, in a move that was seen as part of the country's crackdown on the mining industry to reap more revenue from its minerals.

  • Reuters - UK Focuslast month

    Petra Diamonds secures new debt agreements with lenders

    Petra Diamonds (Frankfurt: 908093 - news) said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year. Tanzania accused Petra of underdeclaring the value of the diamonds, in a move that was seen as part of the country's crackdown on the mining industry to reap more revenue from its minerals. Petra has denied any wrongdoing and has said the consignment has not been released.

  • Reuters - UK Focus4 months ago

    Miners and oil companies fuel gain for Britain's FTSE

    Britain's top share index pulled ahead of sluggish European markets on Monday thanks to its strong cyclical tilt as mining and oil stocks powered higher. The FTSE 100 ended the session up 0.1 percent at ...

  • Reuters4 months ago

    Petra Diamonds shares slump after profit warning

    The profit warning comes after a string of issues at the company, including a three-week strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania that led the company to flag a possible breach of two of its debt covenants in October. Petra, which was accused of under-declaring the value of the stones, is caught up in an industry-wide crackdown by the Tanzanian government in an effort to reap more revenue from its minerals. Petra has denied this.

  • Reuters - UK Focus4 months ago

    Petra Diamonds shares slump after profit warning

    Petra Diamonds Ltd (Frankfurt: 908093 - news) expects full-year core earnings to come in about 10 percent to 15 percent below consensus, the miner said on Monday, sending shares plunging as much as 20 percent. The profit warning comes after a string of issues at the company, including a three-week strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania that led the company to flag a possible breach of two of its debt covenants in October. Petra, which was accused of under-declaring the value of the stones, is caught up in an industry-wide crackdown by the Tanzanian government in an effort to reap more revenue from its minerals.

  • Reuters - UK Focus4 months ago

    BUZZ-Petra Diamonds: Worst day in 17 yrs on profit warning

    ** Petra Diamonds -20.3 pct & on track for worst day in over 17 years ** Co sees full-year core earnings coming in about 10-15 percent below consensus, hurt by recent strengthening of the South African ...

  • Reuters6 months ago

    Petra Diamonds sees brighter 2018 after warning of debt breach

    A possible breach of its banking agreements does not pose a big risk to Petra Diamonds because its finances will improve following the end of a labour dispute in South Africa and the lifting of an export ban in Tanzania, its chief executive said. "We don't regard it as a high risk to the business," said Johan Dippenaar of the possible breach of loan terms, adding the mining firm was in talks with its banks on a monthly basis. London-listed Petra flagged a possible breach of two of its debt covenants in October due to a three-week strike at its South African operations and a confiscated consignment of diamonds in Tanzania.

  • Petra Diamonds revenue takes hit from Tanzania crackdown
    Reuters7 months ago

    Petra Diamonds revenue takes hit from Tanzania crackdown

    The owner of the Cullinan mine in South Africa has been hit by a crackdown on mining firms in Tanzania, where the government is attempting to secure more revenue from the sector. The Tanzanian government confiscated a consignment of diamonds from the Williamson mine, which is majority-owned by Petra, alleging the company had under-declared the value of the stones by about half. Petra has denied the charge.

  • Reuters - UK Focus7 months ago

    Petra Diamonds revenue takes hit from Tanzania crackdown

    Oct (Shenzhen: 000069.SZ - news) 23 (Reuters) - Petra Diamonds Ltd (Frankfurt: 908093 - news) 's first quarter revenue fell by 17 percent after the government of Tanzania last month seized a consignment of diamonds from its Williamson mine. The owner of the Cullinan mine in South Africa has been hit by a crackdown on mining firms in Tanzania, where the government is attempting to secure more revenue from the sector. Petra has denied the charge.

  • Reuters7 months ago

    Petra Diamonds likely to breach key bank loan condition

    Petra has been hit by a crackdown on mining firms in Tanzania as the government aims to secure a bigger take from the sector. On Sept. 7 the government confiscated a consignment of diamonds from the Williamson mine majority-owned by Petra after accusing the company of under-declaring the value of the stones by about half. Petra has denied the charge.

  • Reuters - UK Focus7 months ago

    Petra Diamonds likely to breach key bank loan condition

    Oct (Shenzhen: 000069.SZ - news) 9 (Reuters) - Petra Diamonds Ltd (Frankfurt: 908093 - news) said on Monday it was likely to breach a key condition of its banking agreements this year following the temporary shutdown of its mine in Tanzania and labour disruption in South Africa. Petra has been hit by a crackdown on mining firms in Tanzania as the government aims to secure a bigger take from the sector. On Sept. 7 the government confiscated a consignment of diamonds from the Williamson mine majority-owned by Petra after accusing the company of under-declaring the value of the stones by about half.

  • Reuters - UK Focus8 months ago

    Petra Diamonds reaches wage agreement with South Africa's NUM

    Petra Diamonds Ltd (Frankfurt: 908093 - news) said on Thursday it had reached an agreement with South Africa's National Union of Mineworkers (NUM) on pay at the company's Finsch and Koffiefontein operations, ending a strike at the two mines. Petra added that no agreement had been reached at a third mine, the Kimberley Ekapa Mining joint Venture. Shares (Berlin: DI6.BE - news) in Petra Diamonds ended up nearly 13 percent in London following the agreement and Wednesday's news that it had been given the go-ahead by the Tanzanian government to resume diamond exports from the Williamson mine.

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