NoHo Partners: Sold its 20% stake in Eezy - Nordea
NoHo Partners has sold its remaining stake (5.05m shares, 20.2%) in Eezy Plc on Friday, 12 January. The weighted average price for the transaction was EUR 1.425 per share, implying that a financial cost of EUR 1.2m will be booked for Q1 2024. In addition, we calculate, based on the fair value change of Eezy share price, that a financial cost of EUR 2.7m will be booked for Q4 2023. This would imply a EUR ~0.09 (-24%) negative revisions on post-Q3 Vara consensus EPS for Q4 (consensus currently models EUR -0.04 impact on EPS related to Eezy), and EUR ~0.01 for 2024. However, the cash flow impact from the transaction will be positive (EUR ~7m).
Länk till analysen i sin helhet: https://research.nordea.com/api/reportfileapi?id=900698