Cash-My-Giro, totally misleading, the revenue guidance is the same as it has been USD2m per year for Helium One when this project is fully up and running.
Isn’t this a much worse deal compared to what they presented in the 9 Dec and 10 Feb RNS. From the start the investor would invest in PRE stock. Now they buy 38.2% stake for USD 150m. Which would value 100% of the stake to USD392m and PRE remaining stake to USD242m or £183m. This value is way below the current market cap of Pensana. I think this major sale has turned out considerably worse than expected.
To me it sounded that this meeting was in relation to the energy market instability related to Iran situation. She also said she meeting martitime busienss on the same matter.
Feels a bit desperate from the company side two put out two rns two days in a row, when the news could have been in one. Management trying to protect the share price, but looks more desperate in the end.
Stock being down 10% feels like an over reaction given that it was already down a lot on the recent trading update where you could already see where guidance would roughly be for 2026.