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
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
Petra Diamonds Ltd - diamond miner in South Africa and Tanzania - Gets USD79.3 million from sale of 696,000 carats of diamonds in its first tender of financial year 2024, which runs to the end of June next year. Petra says attendance at the August event is "very strong" but demand is more muted than it expected exiting the summer holiday period. Average prices for diamonds from the Cullinan and Finsch mines benefit from improved product mix, but like-for-like prices are down 4.3% from the tender 5 of financial 2023, held in May. Petra says demand for high-quality stones of 10.8 carats or or more is strong, but there is lower demand for 2-to-10 carat diamonds, with like-for-like prices down 14% from tender 5. 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) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
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. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
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. 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) - The following London-listed shares received analyst recommendations Friday morning: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More