|Bid||36.00 x 8800|
|Ask||65.00 x 876700|
|Day's Range||36.36 - 38.20|
|52 Week Range||32.56 - 73.45|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.74|
LONDON/TORONTO, Nov 23 (Reuters) - Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit. President John Magufuli, nicknamed "The Bulldozer", swept to power in 2015 pledging to secure a bigger share of resource wealth and cut corruption. Acacia was later handed a $190 billion tax bill - about four times the country's gross domestic product - for underreporting output.
LONDON (Reuters) - Petra Diamonds (PDL.L) is owed about $25 million (£19.1 million) in value added tax (VAT) refunds by Tanzania, its chief executive said on Monday. "We are not getting paid at the ...
Petra Diamonds (PDL.L) reported a 37 percent rise in full-year adjusted core earnings due to a rise in production at its continuing mines and said its chief executive would step down. Petra was forced to raised $170 million from investors in June as a stronger South African rand, operational delays and a confiscation of diamonds in Tanzania left it strapped for cash and in crippling debt. Outgoing chief executive Johan Dippenaar has been at the helm since 2005 since Petra merged with Crown Diamonds, and has overseen a rapid, capital-intensive growth phase.
How far off is Petra Diamonds Limited (LON:PDL) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock isRead More...
The company, which has been hit by production delays, a confiscated consignment of diamonds in Tanzania and a strong South African rand, warned in May that production would be lower than expected, but did not provide a number. Petra shares fell to their lowest in more than 2-1/2 years in early trade before recovering a bit to trade down 4.2 percent at 47.93 pence at 0736 GMT. Total production rose 15 percent to 4.6 million carats, helped by the ongoing ramp-up of its new Cullinan plant in South Africa, but was still at the lower end of its forecast of 4.6-4.7 million carats.
Petra Diamonds (PDL.L) said it would sell its 75.9 percent stake in the business, which focuses on mining in the South African town of Kimberley, to its joint venture partner Ekapa Mining. The sale would allow Petra to focus on its Finsch and Cullinan diamond mines, reduce operational risk for the group and shore up its finances.
Shareholders in mining company Petra Diamonds (PDL.L) on Wednesday approved a rights issue to raise about $170 million (127.4 million pounds) to help cut its debt burden, driving the share price around 5 percent higher. The company, which has suffered setbacks in Tanzania as well as production delays and strikes, had said there was a risk it could run low on working capital and breach its debt covenants if shareholders did not back the rights issue. The shareholders backed it by more than 99 percent at a special general meeting on Wednesday.
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.
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.
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 (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.
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.
Categories: Europe Value Analsysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Petra Diamonds Ltd. a score of 79. Our analysis is based on comparing Petra Diamonds Ltd. with the following peers – Gem Diamonds Limited, Botswana Diamonds Plc, Stellar Diamonds plc and Karelian Diamond Resources Plc (GEMD-GB, BOD-GB, STEL-GB and KDR-GB). Investment Outlook Petra Diamonds Ltd. has a ... Read more (Read more...)
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Petra Diamonds Ltd.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bearish ... Read more (Read more...)