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Last 147.80 GBp
Change Today +1.40 / 0.96%
Volume 559.3K
PDL On Other Exchanges
Symbol
Exchange
Stuttgart
OTC US
As of 11:35 AM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

petra diamonds ltd (PDL) Snapshot

Open
144.00 GBp
Previous Close
146.40 GBp
Day High
148.20 GBp
Day Low
144.00 GBp
52 Week High
07/28/14 - 220.40 GBp
52 Week Low
06/29/15 - 143.70 GBp
Market Cap
765.8M
Average Volume 10 Days
817.5K
EPS TTM
0.14 GBp
Shares Outstanding
518.1M
EX-Date
--
P/E TM
16.4x
Dividend
2.00 GBp
Dividend Yield
--
Current Stock Chart for PETRA DIAMONDS LTD (PDL)

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petra diamonds ltd (PDL) Details

Petra Diamonds Limited engages in the mining, exploration, processing, sorting, marketing, and sale of rough diamonds primarily in South Africa, Tanzania, and Botswana. The company has interests in Finsch, Cullinan, Koffiefontein, Kimberley Underground, and Helam mines in South Africa; and Williamson mine in Tanzania. It also has exploration activities in Botswana. Petra Diamonds Limited was founded in 1997 and is based in St. Helier, the Channel Islands.

4,663 Employees
Last Reported Date: 10/21/14
Founded in 1997

petra diamonds ltd (PDL) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 691.7K GBP
Finance Director and Executive Director
Total Annual Compensation: 644.0K GBP
Technical Director and Executive Director
Total Annual Compensation: 644.0K GBP
Compensation as of Fiscal Year 2014.

petra diamonds ltd (PDL) Key Developments

Petra Diamonds Ltd. - Special Call

To discuss the proposed new Cullinan plant

Petra Diamonds Ltd. Plans the Construction of Processing Plant At Cullinan

Petra Diamonds Ltd. announced that it is planning the construction of a modern, fit-for-purpose processing plant at Cullinan for a capital cost of $142.8 million. This new plant is expected to: improve the recovery of the full spectrum of diamonds (thereby increasing the volume of stones recovered, as well as better protecting large stones from breakage); and improve the efficiency of the material flow, thereby significantly lowering operating costs. The new plant will incorporate: autogenous (AG) milling - a gentler recovery process that breaks down ore via attrition rather than crushing, thereby better protecting the large, high-value stones for which the Cullinan mine is known; high pressure grinding rolls (HPGR) technology - a gentler liberation technique incorporating inter-particle crushing, thereby moving away from high impact cone crushing; and enhanced utilisation of XRF X-ray technology to replace conventional Dense Media Separation (DMS) plants to treat coarser +12mm material. Cullinan is known to consistently produce large, high-value diamonds, including the 3,106 carat Cullinan diamond, and at the time the mine was taken over by Petra it had produced a quarter of all the world's diamonds greater than 400 carats. The new plant is expected to reduce large stone breakage with a resultant positive impact on recoveries and sales revenues. In addition to the benefits to large stone recoveries, the improved diamond liberation technologies outlined above are expected to lead to an improvement in the currently guided overall grade achieved at Cullinan. The new plant will reduce the processing footprint at Cullinan from ca. 26 hectares to ca. 5 hectares with the associated reduction of engineering infrastructure deployed, including an expected reduction in the number of conveyor belts used from 151 (spanning 15 kilometres) to 22 (spanning 3 kilometres). Operating efficiencies and security improvements will be driven through increased automation, reduced tonnes in circulation and improved energy efficiencies, with an expected improvement in energy efficiency per tonne. Based on these efficiencies, the company will target overall direct cash cost savings of up to ZAR 15 per tonne treated. The bulk of the project related work will be executed by MDM Engineering. The total project spend is ca. $142.8 million, which management plans to incur between June 2015 and end fiscal year 2017. The new plant is expected to be commissioned and fully operational in fourth quarter of fiscal 2017. The company expects there to be no impact to current day-to-day operations or throughput at Cullinan while the new plant is being constructed.

Petra Diamonds Limited Announces Earnings and Production Results for the Third Quarter and Nine Months Ended March 31, 2015; Provides Production Guidance for the Full Year of Fiscal 2015

Petra Diamonds Limited announced earnings and production results for the third quarter and nine months ended March 31, 2015. For the quarter, revenue was down 31% to $96.1 million compared to $138.3 million excluding sale of a $25.6 million 'exceptional stone'; $163.9 million on an as reported basis, due to the earlier timing of the March tender resulting in lower sales volumes, change in product mix, the lower ROM grade at Cullinan and the previously reported softer diamond market in comparison to third quarter of fiscal year 2014. Net debt was $99.3 million compared to $118.0 million a year ago. For the nine months, the company reported gross revenue of $311 million compared to $349.4 million a year ago. For the quarter, production of total diamonds was up 6% to 791,443 carats compared to 743,424 carats a year ago. For the nine months, production for nine months was up 1% to 2,392,511 carats compared to 2,379,140 carats a year ago. For the full year of fiscal 2015, the company expects group production of 3.2 million carats, lower than the company's current guidance of 3.3 million carats.

 

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Industry Analysis

PDL

Industry Average

Valuation PDL Industry Range
Price/Earnings 17.7x
Price/Sales 2.3x
Price/Book 2.0x
Price/Cash Flow 16.9x
TEV/Sales 2.3x
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