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HEIT Harmony Energy Income Trust Plc

-0.40 (-0.49%)
30 Nov 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Harmony Energy Income Trust Plc LSE:HEIT London Ordinary Share GB00BLNNFY18 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.49% 81.30 1,560,623 12:59:05
Bid Price Offer Price High Price Low Price Open Price
80.60 82.00 81.50 81.10 81.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 57.02M 53.02M 0.2334 3.48 184.66M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:17:11 O 500,000 80.60 GBX

Harmony Energy Income (HEIT) Latest News (3)

Harmony Energy Income (HEIT) Discussions and Chat

Harmony Energy Income Forums and Chat

Date Time Title Posts
30/11/202309:33Harmony at Harmony Energy Income Trust149
22/2/202207:31Harmony Energy Income Trust plc thoughts on IPO21

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Harmony Energy Income (HEIT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Harmony Energy Income (HEIT) Top Chat Posts

Top Posts
Posted at 30/11/2023 08:20 by Harmony Energy Income Daily Update
Harmony Energy Income Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker HEIT. The last closing price for Harmony Energy Income was 81.70p.
Harmony Energy Income currently has 227,128,295 shares in issue. The market capitalisation of Harmony Energy Income is £184,655,304.
Harmony Energy Income has a price to earnings ratio (PE ratio) of 3.48.
This morning HEIT shares opened at 81.50p
Posted at 14/11/2023 14:16 by pottsypotts
Wonder if this is currently helping the share price upwardsSaw it on another boardhTtps://
Posted at 23/10/2023 07:23 by cc2014
It's like they've all been told to buy some or the company as some others do recommend all directors hold a minimum amount and it's just been discovered they don't.

Frankly if not one of them has bought more than £2k it kind of suggests to me they have little confidence in HEIT.
Posted at 18/10/2023 14:59 by cruelladeville
A bit surprised today at a fall in share price here when GRID has announced pretty encouraging news for the BESS industry in the UK.
Posted at 17/10/2023 16:32 by cc2014
We return to the ZIRP question. How many of the assets built were only built because interest rates were zero or because fund managers parked money anywhere where they though they could make some income.

With interest rates at shall we call it more normal long term levels how many of these projects are now worthwhile.

I cannot currently find the cost of the £110m + £20m HEIT loan facility but this RNS is for the first £60m and I presume is the same thing as it gives the ability to extend to £130m

The are paying somewhere between 300 and 375bp over SONIA. Let's call that 8.5% at current rates.

Given they are borrowing at 8.5% I wouldn't want them building anything unless there was an assured 13.5%+. Energy markets are volatile so possibly even more.

36% of GAV (against what I see as a questionable NAV) and volatile pricing seems like a level of risk that I'd want to understand properly.

The market is clearly unhappy about something, although to be fair there are now dozens of bashed down IT's with discounts at 30-40% and they can't all be basket cases.
Posted at 17/10/2023 15:25 by cc2014
It's what it doesn't say. Do they ever talk about the balance sheet?

Shares in issue 227m.
Debt and RCF available £130m

How much of the debt and RCF are they going to use? and what's the marginal profitability on it at current income prices.

If they use all of it that gives a GAV of 36%.

If the NAV isn't really 114.5p which the market clearly doesn't believe based on the share price does the gearing look appropriate?

To me the market seems to be saying to reduce the gearing. HEIT are making no comment.

Harmony (the company not the REIT) make money by building stuff and presumably there is a beast to feed.
Posted at 17/10/2023 14:19 by cc2014
Guys I'm really busy today but go take a look at the average price for battery storage.

The GSF update from a few days ago when the Board did it's best to reassure the market that the share price was stupid is a good place to start.

IIRC their UK assets are generating something like 6.6 per MwH. Their Texas assets are doing 150 for the whole month of August.

The last GRID RNS also explained that there's too much battery storage and it will take time to come back into balance as more solar and wind comes on-line.

Happy to discuss in due course. I have a position in GSF so I'm interested in learning more.

Having said all that the prices of TRIG, UKW, SEIT all look odd to me and surely are due a bounce. I have SEIT.

GSF make a disguised statement about their competition and how their margins are better because they do not contract with themselves. Note to HEIT
Posted at 17/10/2023 14:03 by cruelladeville
I'm pleased it's not just me who can't understand what's going on with HEIT and to a lesser degree GRID. As far as I can see Harmony is very close to building out a world class portfolio of energy storage assets. We should see some improvement by year end as long as interest rates have peaked as seems the case presently. If yields on cash start to drop buyers should return. I think when they do, they'll be admirably remunerated.
Posted at 17/10/2023 13:39 by topvest
How can this be the case? The battery storage capacity is at a very low level versus renewables. Isn't it more of a temporary problem at National Grid with their systems and not fully utilising battery storage? This has a relative strength of 2/100. Not sure I have ever seen anything that bad.

It has attractive assets and a 10% yield but there are no buyers because of the share price chart. Even I'm starting to wonder where this is all going to end. Alternative asset investment trusts are now at really compelling valuations. I suspect there will be some corporate action somewhere as its now looking quite attractive for some boards to accept bids at a 10% discount.

This was a good update today. They are not too far off being fully constructed. Operational performance appears much better than Gresham House Energy Storage who have had a lot of slippage and exposed to the smaller batteries.

Anyway, I cannot believe what I am seeing really. There are just no buyers of alternative asset investment trusts even though interest rates have probably peaked. Even the likes of TRIG are back to their IPO price...crazy!
Posted at 07/10/2023 08:51 by nickrl
@CDV they did they say they were going to diversify the battery optimisation management to more than one company as portfolio expanded. Press release doesn't mention hardware supply so Tesla have that in the bag for current committed sites.

Separately GRIDs fall from grace over last few weeks has them now trading on 37% discount vs 27% here. Still favour HEIT as the 2hr assets are the ones being favoured both for use and price.
Posted at 04/7/2023 14:53 by cruelladeville
Huge arbitrage opportunities for HEITs two hour battery storage facilities recently. Share price looks very cheap to me at these levels.
Harmony Energy Income share price data is direct from the London Stock Exchange

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