Petra Diamonds Ltd.(DI) (PDL)

Sector:

Mining

Index:

FTSE Fledgling

18.10p
   
  • Change Today:
    -1.65p
  • 52 Week High: 40.30p
  • 52 Week Low: 11.00p
  • Currency: UK Pounds
  • Shares Issued: 194.20m
  • Volume: 180,213
  • Market Cap: £35.15m
  • RiskGrade: 380

Petra Diamonds losses widen in H1, CEO resigns

By Iain Gilbert

Date: Monday 17 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Mining group Petra Diamonds revealed on Monday that losses had widened in the six months ended 31 December and that chief executive Richard Duffy had resigned, with immediate effect.
Petra Diamonds said interim losses had widened from $11.0m in H124 to $69.0m in H125, principally due to a prolonged period of weakness in the market. Adjusted underlying earnings were $15.0m, down from $38.0m a year earlier, while revenues were 30% lower year-on-year at $115.0m.

Net debt increased from $193.0m at the start of the year to $215.0m at the halfway point, also due to a weak market and the timing of certain tender sales. Free cash flow improved to $16.0m throughout the half, a marked improvement on H124's $21.0m outflow, while average mining and processing costs were down 19% to $98.0m.

The London-listed firm, which has been in the process of restructuring operations as part of a cost-cutting programme, also appointed chief restructuring officer Vivek Gadodia and Juan Kemp, operations executive at its Cullinan mine, as joint chief executives on an interim basis, taking over from Duffy who resigned "by mutual agreement".

As of 0900 GMT, Petra Diamonds shares had sunk 16.41% to 24.24p.











Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PDL Market Data

Currency UK Pounds
Share Price 18.10p
Change Today -1.65p
% Change -8.35 %
52 Week High 40.30p
52 Week Low 11.00p
Volume 180,213
Shares Issued 194.20m
Market Cap £35.15m
RiskGrade 380

PDL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.51% below the market average0.51% below the market average0.51% below the market average0.51% below the market average0.51% below the market average
18.11% above the sector average18.11% above the sector average18.11% above the sector average18.11% above the sector average18.11% above the sector average
Price Trend
87.57% below the market average87.57% below the market average87.57% below the market average87.57% below the market average87.57% below the market average
43.7% below the sector average43.7% below the sector average43.7% below the sector average43.7% below the sector average43.7% below the sector average
Income Not Available
Growth
57.21% below the market average57.21% below the market average57.21% below the market average57.21% below the market average57.21% below the market average
14.81% below the sector average14.81% below the sector average14.81% below the sector average14.81% below the sector average14.81% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 2
Sell 1
Strong Sell 0
Total 3
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PDL Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 15-Oct-15
Paid n/a 07-Dec-15
Amount 0.000¢ 3.00¢

Trades for 29-Aug-2025

Time Volume / Share Price
16:24 500 @ 18.50p
15:32 1,500 @ 17.54p
14:30 5,000 @ 17.73p
13:45 2,900 @ 17.00p
13:45 2,100 @ 17.00p

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