SMALL-CAP WINNERS & LOSERS: XP Power plunges on revenue caution
16th Feb 2024 09:58
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(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
(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
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to be submitted to the South African Department of Mineral Resources & Energy in February 2024, which will only be withdrawn upon this potential sale's completion.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
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(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
(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
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
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. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
Petra Diamonds Ltd - Southern Africa-focused diamond miner and supplier - Reports full results of the second tender of financial year 2024. Sells 444,029 carats of diamonds for a total of USD40.5 million, down from 696,194 carats for USD79.3 million in tender 1, held in August. The recent sale includes 37,856 carats of diamonds from the Williamson mine in Tanzania, sold for USD7.7 million. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
Petra Diamonds Ltd - Southern Africa-focused diamond miner and supplier - Reports initial tender results for its Tender 2 sales. Sells 344,554 carats, representing 75% of the total tender volume, for USD30.2 million at an average price of USD88 per carat. Notes these prices are 16% to 18% lower than the prices achieved in Tender 1 on a like-for-like basis. Says this reflects "prevailing market weakness". Sale of remaining 25% of volume of Tender 2 is expected to close on Wednesday next week. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - Petra Diamonds Ltd on Friday said that it swung to a loss in its recent financial year, amid operating challengers. Read More
(Alliance News) - The FTSE 100 in London was higher at midday Friday, boosted by China-exposed stocks following promising data from the world's second-largest economy. Read More