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| 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
|
|
|---|---|---|---|---|---|
| -0.50 | -0.79% | 62.60 | 865,263 | 16:35:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 62.80 | 63.20 | 63.10 | 62.50 | 63.10 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 6.61M | 3.14M | 0.0138 | 45.65 | 143.32M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:25 | O | 169,213 | 62.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/12/2024 | 07:00 | UK RNS | Harmony Energy Income Trust PLC Update on Asset Sale Process |
| 29/11/2024 | 07:00 | UK RNS | Harmony Energy Income Trust PLC Portfolio Update, NAV and Asset Sale.. |
| 21/10/2024 | 14:00 | UK RNS | Harmony Energy Income Trust PLC Holding(s) in Company |
| 18/10/2024 | 18:44 | ALNC |  TRADING UPDATES: LMS Capital NAV falls; Cloudcoco sells unit |
| 18/10/2024 | 06:00 | UK RNS | Harmony Energy Income Trust PLC Update on Asset Sale Process |
| 12/9/2024 | 06:00 | UK RNS | Harmony Energy Income Trust PLC Hawthorn Pit and Wormald Green.. |
| 23/8/2024 | 06:00 | UK RNS | Harmony Energy Income Trust PLC Portfolio Update, NAV and Asset Sale.. |
| 01/8/2024 | 06:00 | UK RNS | Harmony Energy Income Trust PLC Rusholme Project Energisation |
| 03/7/2024 | 08:35 | UK RNS | Harmony Energy Income Trust PLC Holding(s) in Company |
| 27/6/2024 | 18:29 | ALNC | EARNINGS AND TRADING: Fenikso in profit; Tate & Lyle completes sale |
Harmony Energy Income (HEIT) Share Charts1 Year Harmony Energy Income Chart |
|
1 Month Harmony Energy Income Chart |
Intraday Harmony Energy Income Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/1/2025 | 15:06 | Harmony at Harmony Energy Income Trust | 489 |
| 22/2/2022 | 07:31 | Harmony Energy Income Trust plc thoughts on IPO | 21 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 19/1/2025 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 63.10p.Harmony Energy Income currently has 227,128,295 shares in issue. The market capitalisation of Harmony Energy Income is £143,090,826. Harmony Energy Income has a price to earnings ratio (PE ratio) of 45.65. This morning HEIT shares opened at 63.10p |
Posted at 17/1/2025 14:40 by craigso Somebody must indeed be nervous. Today's DGI9 debacle has ME nervous, and I was feeling quite good about HEIT having far more upside than downside.This morning I wanted to add some HEIT to my ISA and trim from my SIPP and I could have bought as much as I wanted at 63p, and then my smaller sale went through minutes later at slightly higher than 63p. Never seen anything like that before from a share with no price movement... |
Posted at 09/1/2025 13:31 by craigso Yes crafty. The point is that selling assets means that any net cash would be stripped out upon closing and sent to the asset owners i.e. HEIT corporate. (which would then be "ours")Agreeing a takeover of the entire company - i.e. buying HEIT shares from us at a price the BoD agrees with - would mean that the buyer keeps all of the money being earned these days in the electricity market. (but the price won't likely be adjusted) With nearly 800MWh of capacity (i.e. 400MW of 2-hour batteries), a price of £1,000 / MWh means that HEIT could be earning £800k per day. The distinction (in how the company is sold) will be quite relevant if these market prices stay high for a few days in a row. |
Posted at 07/1/2025 13:43 by craigso CC,I don't think we have any fundamental disagreement, although DGI and some of the dodgier REITs are nothing near a "bond proxy" because they indeed rely on questionable projections. Nor are these BESS funds "bond proxies" either FWIW. What I mean is that there are really quite plain vanilla renewables funds - TRIG, Greencoat, etc. for example - that have never relied on "hockey stick" revenue projections to make their NAVs look pretty. Their managers simply apply a discount rate to a relatively conservative revenue stream. The stock market saying "we don't believe the NAV" to that sort of IT (and sending it to a large discount) is simply the market wanting a 15% IRR when the managers of the fund think that, say, 10% is more appropriate when calculating NAVs. My argument is that power companies / private funds / etc. are going to be closer to the 10% in a competitive bid process than 15%. And that "10%" definitely won't change because of some short term fluctuation in gilt prices. And, FWIW, when the TRIGs, Greencoats, etc. sell a windfarm or two, they do tend to achieve NAV. And I'd be genuinely surprised if they were cherry-picking their best assets to sell. Therefore, I believe that the likeliest buyers of HEIT will have lower hurdle rates than "the stock market", so as long as the bid process was as competitive as HEIT made it appear to be, we should get a price closer to NAV. |
Posted at 06/1/2025 09:44 by craftyspeculator The takeover will be wrapped up in the first half of Feb. The GRID announcement today is helpful as a read across as it's a tailwind for the chosen purchaser of HEIT's assets, which reduces the risk of any late pull out. I don't expect to see any major movements in the share price here until HEIT announce the recommended takeover price per share, at which point we will zoom straight there. I'm still expecting 85p-95p per share on that announcement...with only 45 days to wait max. |
Posted at 19/12/2024 08:27 by craigso It certainly should break higher. But the market is a bit sleepy this time of year.I can't imagine that HEIT would agree to sell itself in the 60s. They would surely limp onwards instead. In my opinion, once the share price gets into the mid 70s, we can start speculating whether to hold on for the agreed bid or whether to take profits and move on. |
Posted at 09/12/2024 18:42 by nickrl Current bessanalytics has the portfolio running at c70k/MW over last 30 days and at c60k/MW for the year. This data is pretty reliable as HEIT have all their assets in the BM. 60k/MW will allow c2-2.5p divi but still relatively low yield even at the depressed share price That said GRID suggest their assets (mostly outside of the BM) are doing quite nicely trading in the wholesale mkt so maybe more could be achieved.So not sure why anyone would want this at more than 70p unless the sites have the opportunity for further augmentation and they have access to capital to do this. |
Posted at 08/12/2024 09:31 by craigso To get the share price into the 70s or 80s before year-end, we need confirmation that the company is selling itself whole.I would love for the final price to be in the 90s, but 95p seems quite unlikely to me. I doubt they would reduce NAV to 88.5p if they expected bids in the 90s. I assume that the 60p share price is covering for the possibility that HEIT only sells an asset or two to "prove NAV", instead of selling itself whole. |
Posted at 03/12/2024 17:50 by lurker5 An 'NAV' composed of the NPV of a stream of future revenue is an absurdly high price for an investor to pay 'up front' - but punters have been bamboozled by the industry into doing so. It is just the same as buying an annuity to get an income comprising return of the initial cost, plus an annual return equal to the discount rate used to calculate it. Why on earth would an equity investor hoping to profit from a rising share price do that ? He'd might as well buy an annuity from an insurance company where he'd be guaranteed a return, - dull and boring though it might be. The only way to make a profit from an NAV dependent share is where interest/discount rates fall, so driving up asset prices. The opposite is why HEIT and peers have crashed over the last two years. The other, 'sensible' way is to pay well under any stated NAV - and depend on a dividend. Why else did the originators of these EIT's hive the assets off and list as separate companies to draw in the naive and deliver a large 'development' profit for themselves ? Look them up. |
Posted at 29/11/2024 17:08 by craftyspeculator I'm new into HEIT. Everyone who invests in individual shares is a gambler. I just like the odds here for a win...the share price is already cratered and well below NAV, the future is quite bright for BESS in the UK as more renewables come on stream, and yet there is also the strong prospect of someone else reaching those same conclusion before end of January 2025 and paying 50%-70% more per share than the price today. I like that possibility. |
Posted at 29/4/2024 18:48 by cruelladeville Not understanding why GRID and HEIT share prices have moved in opposite directions? |
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