Petra Diamonds makes $86.2m in second tender
11th Dec 2015 08:15
(ShareCast News) - Petra Diamonds made $86.2m (£56.9bn) from the sale of its latest diamond tender, which included the pink diamond from the Williamson mine in Tanzania, which went for $10.05m. The company said all goods were sold, with the exception of around 3,200 carats with an estimated value of
Read morePetra Diamonds sells rare pink stone for $10m
9th Dec 2015 09:53
(ShareCast News) - Petra Diamonds has sold its rare pink diamond from Tanzania for just over $10m (£6.6m). The rare 23.16 carat diamond was recovered in November from the Williamson mine in Tanzania and was described at the time as a diamond of "exceptional colour and clarity". It was sold into a p
Read moreFTSE 250 movers: Spire downgrade leads market south
3rd Dec 2015 14:26
(ShareCast News) - The London markets took a turn downhill after the ECB announced a 10 basis point cut to the deposit rate to -0.30%, as expected. After a morning of gains, the FTSE 250 was down 132.16 (0.75%) to 17,421.76 by mid-afternoon Thursday. Spire Healthcare led the fallers after Investec
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreBroker tips: Babcock, Petra Diamond, Merlin Enetertainments
1st Dec 2015 15:07
(ShareCast News) - Babcock is in a sweet-spot strategically, given its growing market and "solid" barriers to entry, but at present there are "too many risks for comfort" around the investment case, analysts said. In a research mote sent to clients, Citi analysts Ed Steele, Marc van'T Sant and Avina
Read moreFinncap stays at buy on Petra Diamonds
1st Dec 2015 11:56
(ShareCast News) - Analysts at Finncap greeted the decision by two of Petra Diamond's lending groups to waive the measurement of two covenant tests relating to its operating profits for the year to 31 December 2015. The decision came alongside the company's announcement that its capital expenditure
Read moreTuesday newspaper share tips: Glimmer of hope for Petra Diamonds
1st Dec 2015 10:56
(ShareCast News) - Petra Diamonds has a glimmer of hope according to The Telegraph's Questor. The FTSE 250 company announced on Monday that its lender group has agreed to waive the measurements of the two covenant tests related to consolidated earnings before interest, taxes, depreciation and amorti
Read morePetra Diamonds buys interest in South Africa's Kimberley Mines
1st Dec 2015 08:12
(ShareCast News) - Petra Diamonds has acquired an interest in the Kimberley Mines in South Africa from De Beers Consolidated Mines Proprietary Ltd, in a consortium with Ekapa Mining for around $7.2m. The diamond mining group will pay around $3.6m for a 49.9% stake in the mines, while Ekapa will own
Read morePetra Diamonds lender group waives measurements of covenant tests
30th Nov 2015 15:42
(ShareCast News) - Petra Diamonds' lender group has agreed to waive the measurements of the two covenant tests related to consolidated earnings before interest, taxes, depreciation and amortisation to and as at, 31 December. The group, which includes Absa Bank, FirstRand Bank, IFC and Nedbank, has a
Read morePetra Diamonds recovers 23 carat pink diamond in Tanzania
27th Nov 2015 10:30
(ShareCast News) - Petra Diamonds has recovered a 23.16 carat pink diamond of "exceptional colour and clarity" from the Williamson mine in Tanzania. The diamond mining group said the stone is an example of the high-quality pink diamonds for which Williamson is known and is "the most significant r
Read moreFTSE 250 movers: Kaz Minerals and Ophir Energy help market surge
17th Nov 2015 14:22
(ShareCast News) - The FTSE 250 surged ahead on Tuesday as traders bet that the Paris attacks would not have a lasting effect on global markets. The index sat at 17,041.67 by mid-afternoon, up 197.29 points (1.17%). Kaz Minerals was the market's biggest gainer, after reached an agreement with its p
Read moreSunday share tips: William Hill, gem miners, Centamin
8th Nov 2015 12:16
(ShareCast News) - Despite the problems at William Hill, its shares are worth buying, said the Sunday Times' Inside the City column. The bookmaker's stock has tumbled more than a fifth since May, with a profit warning last month bringing further worries to a head. The company has been left on the si
Read moreFTSE 250 movers: Serco and Petra lift mid-caps
2nd Nov 2015 14:50
(ShareCast News) - Recovering from an initial lurch lower, the FTSE 250 index scrambled higher over the course of Monday's session, helped by optimism in some mining investors. Serco was top riser among London's mid-caps, however, as the outsourcing group was boosted by RBC Capital Markets upgrading
Read moreBroker tips: Meggitt, Lloyds, Petra Diamonds
28th Oct 2015 13:32
(ShareCast News) - Meggitt was left reeling in the third quarter by a sharp decline in energy revenues, a worsening 'business-mix' and lower aftermarket sales for civilian and military spares, Investec said. That led the broker to place its recommendation and target price for the shares of the globa
Read moreInvestors in Petra Diamonds should be patient, SP Angel said
28th Oct 2015 12:56
(ShareCast News) - Investors in Petra Diamonds lack confidence, leaving the share price exposed should worries about Chinese demand persist, broker SP Angel told clients. The Asian giant represents only about 16% of market demand but expectations were for growth in the mid-teens going forward, makin
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