Business Updates About Three FTSE Listed Stocks: PDL, AFMC and MUT

5 min read | February 17, 2020 06:00 PM EST | By Kunal Sawhney

Petra Diamonds Ltd

Petra Diamonds Ltd (LON:PDL) is a leading independent diamond mining group. The group specialises in the exploration, mining and sale of rough diamonds, and has one of the world's largest diamond resources. The company primarily operates in the Sothern Africa with operations in Tanzania, South Africa and Botswana, with interests primarily in five producing operations including one open pit mine in Tanzania and four underground mines in South Africa.

The shares of the Company are listed on the Premium main market segment of the London Stock Exchange where they are identified and traded with the ticker name PDL. The shares are part of the FTSE All Share Index as well.

Trading Update

The company on 17 February 2020 came out with the interim results of the half year ending on 31 December 2019.

  • The Revenue of the company was down 6 per cent to US$193.9 million (For first half of FY2019, the revenues figures of the company stood at US$207.1 million). This was on account of decline in prices of rough diamonds in the market.
  • The Net loss after tax of the company for the period stood at US$10.0 million (For the first half of 2019 Net loss after tax figure of the company stood at US$57.9 million).
  • The Basic loss per share of the company for the period stood at 01 US cents (For the first half of 2019: the basic loss per share figure stood at 6.57 US cents).

Petra Diamonds Ltd Stock Trading Performance at The London Stock Exchange

Source- Thomson Reuters

The shares of the Company were trading at GBX 7.048 on the LSE on 17 February 2020. The market capitalisation of the stock based on the current price was around £72.39 million. The company in its result statement blames weak pricing in the raw diamond market on account of the corona virus outbreak.

In the past 52 weeks of trading on the exchange, the shares of the Company have touched a price of GBX 30.4 on the higher side and a price of GBX 6.177 on the lower side.

OutlookÂ

The performance of the company for the half year period has not been very impressive. The management of the company could very well drive down its revenue forecast for the full year.

Aberdeen Frontier Markets Investment Company Ltd

The group’s primary business is the operation of various  funds under its management, which could either be, structured products, limited partnerships, open-ended funds, exchange traded funds and managed accounts. Investments of the company span over the developing world markets.

The shares of the Company are listed on the Alternative Investment Market (AIM) of the London Stock Exchange where they are identified and traded with the ticker name AFMC. The shares are part of the FTSE AIM All Share Index as well.

Trading update

The company on 17 February 2020 came out with the NAV of its business at the end of business day on 14 February 2020.

  • The NAV per share including income was USD 0.6570 which is GBP equivalent of 0.5036.
  • The NAV per share excluding income was USD 0.6564 which is GBP equivalent of 0.5031.

Aberdeen Frontier Markets Investment Company Ltd Stock Trading Performance at The London Stock Exchange

The shares of the Company were trading at GBX 44.0 on the LSE on 17 February 2020. The market capitalisation of the stock based on the current price was around £32.29 million.

In the past 52 weeks of trading on the exchange, the shares of the Company have touched a price of GBX 50.00 on the higher side and a price of GBX 44.00 on the lower side.Â

Outlook

The publication of NAV by the company is a routine event and is calculated in accordance with the Association of Investment Companies as governed in the United Kingdom.

Murray Income Trust PLC

Murray Income Trust PLC (LON:MUT) is a United Kingdom domiciled investment trust company. The company provides high income with good capital growth potential with its investments to its investors investing predominantly in equities. The company’s preferred sectors for investment are telecommunications, utilities, technology, oil and gas, basic materials, industrials, consumer goods, healthcare, consumer services and financials.

The shares of the Company are listed on the Premium main market segment of the London Stock Exchange where they are identified and traded with the ticker name MUT. The shares are part of the FTSE All Share Index as well.

Trading update

The company on 17 February 2020 came out with the NAV of its business at the end of business day on 14 February 2020.

  • Murray Income Trust PLC Undiluted (Excluding Income) was valued at 952.20 pence.
  • Murray Income Trust PLC Undiluted (Including Income) was valued at 960.89 pence.
  • Murray Income Trust PLC with Debt at Fair Value (Excluding Income) was valued at 951.63 pence.
  • Murray Income Trust PLC with Debt at Fair Value (Including Income) was valued at 960.33 pence.

Murray Income Trust PLC Stock Trading Performance at The London Stock Exchange

Source- Thomson Reuters

The shares of the Company were trading at GBX 933.62 on the LSE on 17 February 2020. The market capitalisation of the stock based on the current price was around £610.86 million.

In the past 52 weeks of trading on the exchange, the shares of the Company have touched a price of GBX 945.338 on the higher side and a price of GBX 753.00 on the lower side.

Outlook

The publication of NAV by the company is a routine event and is calculated in accordance with the Association of Investment Companies as governed in the United Kingdom.


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