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Petra Diamonds Limited

PDL.L

Latest Trade

8.53GBp

Change

0.08(+0.91%)

Volume

988,008

Today's Range

8.43

 - 

8.58

52 Week Range

6.18

 - 

46.42

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Petra Diamonds Says There Has Been Scaling Of Open Pit Wall At Cullinan Mine

Oct 30 (Reuters) - Petra Diamonds Ltd <PDL.L>::PETRA DIAMONDS - PIT SLOPE SCALING AT THE CULLINAN MINE.PETRA DIAMONDS LTD - SCALING OF OPEN PIT WALL AT CULLINAN MINE IN SOUTH AFRICA, FURTHER TO A THUNDERSTORM OVER WEEKEND.PETRA DIAMONDS - "NO ONE WAS HARMED IN INCIDENT AND ALL NECESSARY PRECAUTIONS HAVE BEEN TAKEN TO SAFEGUARD WELLBEING OF OUR EMPLOYEES".PETRA DIAMONDS LTD - NOT ANTICIPATED THAT THIS INCIDENT WILL HAVE A MATERIAL IMPACT ON PRODUCTION.

Petra Diamonds' Qtrly Revenue Down 23% At $61.6 Mln

Oct 21 (Reuters) - Petra Diamonds Ltd <PDL.L>::Q1 REVENUE FELL 23 PERCENT TO 61.6 MILLION USD.Q1 PRODUCTION UP 1% TO 1,082,764 CARATS (Q1 FY 2019: 1,068,140 CARATS).Q1 REVENUE DOWN 23% TO $61.6 MILLION FROM 603,626 CARATS SOLD (Q1 FY 2019: $80.2 MILLION FROM 626,541 CARATS SOLD).DIAMOND PRICES FOR Q1 FY 2020 ON A LIKE-FOR-LIKE BASIS DECREASED CA. 4% IN COMPARISON TO Q4 FY 2019.NET DEBT AT 30 SEPTEMBER 2019 OF US$592.8 MILLION (30 JUNE 2019: US$564.8 MILLION).IMPLEMENTATION OF PROJECT 2022 IS NOW UNDER WAY, TARGETING US$150 - 200 MILLION FREE CASHFLOW OVER NEXT THREE YEARS.

Petra Diamonds Reports 22% Fall In Annual Core Profit

Sept 16 (Reuters) - Petra Diamonds Ltd <PDL.L>::PETRA DIAMONDS - FULL-YEAR PRELIMINARY RESULTS.PETRA DIAMONDS LTD - FY REVENUE DOWN 6% TO US$463.6 MILLION (FY 2018: US$495.3 MILLION).PETRA DIAMONDS LTD - FY DIAMOND PRICES REALISED BY PETRA DOWN CA. 5% IN LINE WITH WIDER MARKET.PETRA DIAMONDS LTD - FY ADJUSTED EBITDA DOWN 22% TO US$153.0 MILLION (FY 2018: US$195.4 MILLION).PETRA DIAMONDS LTD - FY ADJUSTED EBITDA MARGIN OF 33% (FY 2018: 39%).PETRA DIAMONDS LTD - FY POSITIVE OPERATIONAL FREE CASH FLOW OF US$70.5 MILLION (FY 2018: US$61.3 MILLION OUTFLOW).PETRA DIAMONDS LTD - FY NON-CASH IMPAIRMENT CHARGE OF US$246.6 MILLION, LARGELY DRIVEN BY MORE CONSERVATIVE ROUGH DIAMOND PRICING ESTIMATES.PETRA DIAMONDS LTD - FY NET LOSS AFTER TAX OF US$258.1 MILLION INCLUDING NON-CASH IMPAIRMENT CHARGE OF US$246.6 MILLION.PETRA DIAMONDS - NET DEBT ADJUSTED FOR DIAMOND DEBTORS AS AT 30 JUNE OF $541.0 MILLION, VERSUS $554.9 MILLION AS AT 31 DECEMBER AND $445.7 MILLION AS AT 30 JUNE 2018.PETRA DIAMONDS LTD - FULL YEAR PRODUCTION OF 3.87 MCTS (FY 2018: 3.84 MCTS), IN LINE WITH GUIDANCE.PETRA DIAMONDS LTD - TOTAL PRODUCTION OF CA. 705 KCTS FOR JULY AND AUGUST.PETRA DIAMONDS LTD - NON-EXECUTIVE CHAIRMAN ADONIS POUROULIS INTENDS TO STEP DOWN FROM BOARD BY END OF Q3 FY 2020.PETRA DIAMONDS LTD - POUROULIS INTENDS TO STEP DOWN FROM BOARD ONCE A SUCCESSOR HAS BEEN IDENTIFIED AND APPOINTED.

Petra Diamonds Says Co Has Been Able To Lower Capex Budget For FY20

July 30 (Reuters) - Petra Diamonds Ltd <PDL.L>::SOME THIRD PARTY COMMENTARY ON CAPEX GUIDANCE PUBLISHED IN TRADING UPDATE RAISED CONCERNS ON POTENTIAL INCREASES IN CAPEX BEYOND FY20.BEEN ABLE TO LOWER CAPEX BUDGET FOR FY20 BY BRINGING FORWARD SOME SPEND TO FY19, RE-PRIORITISING PROJECTS ACROSS GROUP'S OPERATIONS.REDUCTION IN FY 2020 CAPEX GUIDANCE NEVERTHELESS PROVIDES FOR ONGOING SUSTAINABILITY OF BUSINESS.THERE IS NO REQUIREMENT TO INVEST ANY SIGNIFICANT EXPANSIONARY CAPITAL BETWEEN FY 2020 AND FY 2022.IN PROCESS OF UPDATING OUR LIFE OF MINE PLANS TAKING INTO ACCOUNT CURRENT DIAMOND PRICES.

Petra Diamonds Posts Lower FY Rev, Cuts 2020 Capex View

July 22 (Reuters) - Petra Diamonds Ltd <PDL.L>::FY 2019 TRADING UPDATE AND FY 2020 GUIDANCE UPDATE.FY REVENUE 463.6 MILLION USD.FULL YEAR PRODUCTION OF 3.87 MCTS (FY 2018: 3.84 MCTS), IN LINE WITH GUIDANCE.GROUP FY 2019 TOTAL ON MINE CASH COSTS EXPECTED TO BE LARGELY IN LINE WITH GUIDANCE.FULL YEAR REVENUE DECREASED 6% TO US$463.6 MILLION (FY 2018: US$495.3 MILLION).FULL YEAR REVENUE DECREASED 6% TO US$463.6 MILLION.GROUP FY 2019 TOTAL ON MINE CASH COSTS EXPECTED TO BE LARGELY IN LINE WITH GUIDANCE.FY OPERATIONAL CAPEX REDUCED TO US$81.7 MILLION.NET DEBT AS AT 30 JUNE 2019 OF US$560.5 MILLION (US$537.5 MILLION ADJUSTED FOR DIAMOND DEBTORS) AS COMPARED TO US$559.3 MILLION AT 31 DECEMBER 2018.FY 2020 PRODUCTION GUIDANCE OF CA. 3.8 MCTS.SEES FY 2020 ROM PRODUCTION IS EXPECTED TO REMAIN LARGELY FLAT AT 3.75 MCTS (FY 2019: 3.76 MCTS).FY 2020 CAPEX IS GUIDED AT CA. US$43 MILLION.FY 2020 CAPEX IS CA. US$29 MILLION LOWER THAN PREVIOUS GUIDANCE.

Petra Diamonds Recovers 209.9 Carat Stone At Cullinan

April 18 (Reuters) - Petra Diamonds Ltd <PDL.L>::RECOVERY OF 209.9 CARAT STONE AT CULLINAN.HAS TODAY RECOVERED A 209.9 CARAT D COLOUR TYPE II GEM QUALITY DIAMOND AT ITS CULLINAN DIAMOND MINE.RECOVERY OF 209.9 CARAT TYPE II WHITE STONE IS THIRD +100CT TYPE II D COLOUR GEM QUALITY DIAMOND RECOVERED SINCE MARCH 2019.STONE IS EXPECTED TO BE SOLD DURING Q4 ENDING 30 JUNE 2019.

Petra Diamonds Q3 Revenue Fell 7 Pct To $135.2 Mln

April 15 (Reuters) - Petra Diamonds Ltd <PDL.L>::PETRA DIAMONDS - Q3 2019 TRADING UPDATE.Q3 REVENUE FELL 7 PERCENT TO 135.2 MILLION USD.PETRA DIAMONDS - Q3 2019 TRADING UPDATE.Q3 PRODUCTION OF 924,228 CARATS (Q3 FY 2018: 992,315 CARATS).PRODUCTION GUIDANCE OF 3.8 - 4.0 MILLION CARATS FOR FY 2019 MAINTAINED.PETRA DIAMONDS - Q3 PRODUCTION OF 924,228 CARATS (Q3 FY 2018: 992,315 CARATS.Q3 INCREASED PRODUCTION AT CULLINAN, KOFFIEFONTEIN AND WILLIAMSON, OFFSET BY LOWER PRODUCTION AT FINSCH.PRODUCTION FOR NINE MONTHS TO 31 MARCH 2019 UP 4% TO 2,943,374 CARATS (FY 2018 YTD: 2,836,272 CARATS).Q3 REVENUE DECREASED 7% TO US$135.2 MILLION DUE TO A 6% REDUCTION IN SALES VOLUMES TO 1,061,343 CARATS SOLD.NET DEBT REDUCED TO CA. US$553.1 MILLION, (31 DECEMBER 2018: US$559.3 MILLION).

Petra Diamonds Says Appointment Of New Chairman Not Considered "Appropriate" At This Time

March 20 (Reuters) - Petra Diamonds Ltd <PDL.L>::STATEMENT REGARDING VOTING AT NOVEMBER 2018 AGM.BOARD, NOMINATION COMMITTEE OF PETRA DIAMONDS LIMITED HAVE CONSIDERED 22.12% VOTE RECORDED AGAINST RE-ELECTION OF ADONIS POUROULIS AS CHAIRMAN.BOARD REAFFIRMED ASSESSMENT THAT CHAIRMAN "CONTINUES TO DEMONSTRATE INDEPENDENCE OF THOUGHT AND CHALLENGE REQUIRED FOR HIS ROLE".IN ORDER TO ENSURE CONTINUITY AND STABILITY OF LEADERSHIP, APPOINTMENT OF NEW CHAIRMAN IS NOT CONSIDERED APPROPRIATE AT THIS TIME.

Aggregate Of Standard Life Aberdeen Raises Stake To 15.16 Pct From 11.56 Pct In Petra Diamonds - Filing

Feb 28 (Reuters) - Petra Diamonds Ltd <PDL.L>::AGGREGATE OF STANDARD LIFE ABERDEEN PLC RAISES STAKE TO 15.16 PERCENT FROM 11.56 PERCENT IN PETRA DIAMONDS LTD - FILING.

Petra Diamonds Appoints Richard Duffy As CEO

Feb 18 (Reuters) - Petra Diamonds Ltd <PDL.L>::PETRA DIAMONDS - APPOINTMENT OF CHIEF EXECUTIVE OFFICER.PETRA DIAMONDS LTD - APPOINTMENT OF RICHARD DUFFY AS CHIEF EXECUTIVE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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