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Share Name Share Symbol Market Type Share ISIN Share Description
Pensana Plc LSE:PRE London Ordinary Share GB00BKM0ZJ18 ORD �0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.75 1.38% 55.00 81,833 08:23:18
Bid Price Offer Price High Price Low Price Open Price
54.50 55.00 55.00 54.50 54.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 135
Last Trade Time Trade Type Trade Size Trade Price Currency
08:16:20 O 5 54.90 GBX

Pensana (PRE) Latest News (3)

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Pensana Investors    Pensana Takeover Rumours

Pensana (PRE) Discussions and Chat

Pensana Forums and Chat

Date Time Title Posts
28/11/202208:40Pensana (Multi Billion Pound Business in the making)183
20/10/202214:22Pansana Rare Earth PLC Angola 20201,874
08/3/202209:24Pensana - Research for the intelligent7
03/11/202114:48Beware Excellance threads-
20/10/202108:04China floods to cut NdPr production4

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Pensana (PRE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:16:2054.9052.75O
08:16:2054.9021.10O
08:00:5355.0015,0008,250.00AT
08:00:4755.004,0002,200.00O
08:00:3155.0010,0005,500.00O
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Pensana (PRE) Top Chat Posts

Top Posts
Posted at 28/11/2022 08:20 by Pensana Daily Update
Pensana Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker PRE. The last closing price for Pensana was 54.25p.
Pensana Plc has a 4 week average price of 51.50p and a 12 week average price of 42p.
The 1 year high share price is 102p while the 1 year low share price is currently 42p.
There are currently 245,579,249 shares in issue and the average daily traded volume is 80,117 shares. The market capitalisation of Pensana Plc is £135,068,586.95.
Posted at 26/11/2022 13:37 by mwj1959
I hardly think that the (often valid) questions that are raised about PRE on this BB are a major factor behind the performance of the share price. I suspect that the majority who comment here are invested in the company and want it to succeed, but at the same time it is important to take a balanced view of a company that is not forecast to be generating revenues for several more years and has yet to raise the finance to get to that point. Even Liberum currently base their valuation on a 40% chance of commerciality, but even on that basis their TP is nearly 4x the current share price
Posted at 25/11/2022 17:26 by mikethebike4
I get the impression from the list of share dealings today that PRE share price is being manipulated
Posted at 24/11/2022 09:14 by mwj1959
mhssh - PA has substantial interests in both companies. According to the PRE Annual Report he held 13.427m shares at the end of June, which is 5.4% of the share capital. if you go to the latest shareholder analysis in the website (hxxps://pensana.co.uk/shareholder-information/) its difficult to see where those are held. They're certainly not in his name. The Liberum initiation report shows his holding as the same as in the Annual Report. According to the Alkemy website he owns 3.078m shares of ALK, so just under 43% of the share capital (he did own 50%, but that was diluted in the recent share issue). ALK owns 100% of Tees Valley Lithium, which is its sole investment. PA is Non-Executive Chairman of both ALK and TVL and Chairman of PRE, but to all intent, in my opinion at least, he runs both companies. He's certainly the public face of both.
So he has substantial skin in the game and clearly would be a major beneficiary if either or both projects are (hopefully) delivered. Whether there is a conflict of interest, whether now or potentially in the future, is a much harder one to answer. He would say that while he has an executive role at PRE its non-executive at ALK / TVL, so there isn't one.

Posted at 23/11/2022 16:54 by mwj1959
I tend to agree, but have always been accused of being too pessimistic. It's interesting to see the weakness in PRE compared to PA's other company, ALK, where share price has doubled in just over a month. Both their fortunes are dependent on PA's ability to raise substantial finance. I'm crossing a lot of fingers! This is no done deal, unlike what some of the more bullish posters seem to think. A lot of questions to be answered at the AGM.
Posted at 14/11/2022 13:00 by cyberbub
Yes that's my understanding. I reiterate my point though that whether it's taking a stake in the project-level company, royalties, whatever, it's still 'effectively' the same as TopCo dilution.... someone else pays some money to get part of PRE's cake...If PRE need to raise $75M = say £65M then that implies a little over 100M shares at the current share price Personally I have no problem with that at all. And the same again for Longonjo. If the company ends up with 'effectively' 500M shares that's absolutely fine. $450M/p.a. after tax on a conservative p/e of 10, even with 500M shares, gives an share price of 800p (plus some very nice divis).Are my admittedly rough calculations reasonable, do LTHs think?
Posted at 07/11/2022 22:15 by wiseacre
Liberum BUY note out today

Pensana Plc* - Initiation
Loosening China's grip on rare earths (39 pgs)
BUY
Target price 201p | Published price 60p | *Corporate Broking Client of Liberum

Pensana is uniquely positioned to benefit from the transformational demand for permanent magnets necessary for the ongoing global energy transition. The company aims to become an alternative source for European automotive and wind turbine original equipment manufacturers (OEMs), and ultimately disrupt the current Chinese monopoly on rare earth supply. Pensana benefits from significant policy-backed tailwinds in Europe, underpinned by potentially world-class feedstock from Africa, which we believe will lead to a re-rating in its valuation on successful financing. We initiate coverage with a BUY rating and 201p/share TP.

Key points

Saltend will be a globally recognised independent and sustainable supplier of key rare earth magnet metal oxides
Value drivers

Total magnet rare earth demand is forecast to grow by a CAGR of 8.3% to c.250kt by 2035
What market misses

Supply of c.12.5kt pa., of which 4.5 – 5.0kt will be NdPrO
Europe overtook China as the world’s largest EV market for the first time in 2022
Is there value?

Our SOTP valuation infers c.230% upside from the current share price
Based on a 12.2% WACC and 40% Chance of Commerciality
SOTP Waterfall Chart

Posted at 11/10/2022 08:35 by mwj1959
Having listened to the Crux interview my personal view is that PA is overhyping how easy it is going to be to raise $500m for this project to get to production. A lot of what he said was extremely price sensitive information (witness the share price move subsequently) and the first time I've heard it in the public domain. If that is the case I'm not sure how he can get away with doing so without issuing a press release (titled something along the lines of "Update on funding")as opposed to doing so via a Crux interview.
Posted at 10/10/2022 15:20 by eggbird
I get both points of view here.

Personally I bought in at £1:40 and it has been hard to watch the share price fall. I've topped up several times and now I'm averaging at about £1.
I feel comfortable with this, especially after the weekend.

Let's see what the future brings.
IMHO The way the planet is directing itself PRE is sitting very pretty indeed!

Posted at 07/10/2022 09:04 by mwj1959
I am a LT investor and worked in investment management for over 30 years, managing significant amounts of money for considerable parts of that. I am certainly not a trader or FUD merchant. I've seen plenty of these investment situations before, so just want to add a touch of realism to some of the more optimistic posts. I am definitely not trying to push the share price down (and to be honest comments by PI on this board are hardly likely to move the share price). I want this to succeed as much as anyone and if I didn't think that would the case I certainly wouldn't be invested here or in PA's other venture, ALK. Upside is significant if it all works out, but we shouldn't ignore the potential downside risks too. Investing is always about getting the balance between reward and risk right. There is loads of the former in this stock, but still plenty of the latter, particularly in the absence of funding. Hopefully, this will be rectified soon.
Posted at 28/9/2022 08:24 by mwj1959
Funding remains the only thing that we need to worry about at present. And I'm worrying big about it. Trying to raise big pots of capital for PRE / ALK couldn't be worse timing. Regardless of the merits of the projects I'm increasingly concerned about funding markets drying up, resulting in delays (at best) to the timeline. I may be being too pessimistic here, but share price tells me otherwise. Ironic that Kwasi was there for breaking ground at Saltend when he ultimately might be the reason for this project never getting off the ground. At best if it does get funding it will be on much worse terms than would have been reached a few months ago.
Pensana share price data is direct from the London Stock Exchange
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