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HEIT Harmony Energy Income Trust Plc

62.60
0.80 (1.29%)
12 Dec 2024 - 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
  0.80 1.29% 62.60 769,008 16:35:19
Bid Price Offer Price High Price Low Price Open Price
62.40 62.60 62.60 61.80 61.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 6.61M 3.14M 0.0138 45.29 140.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:19 O 100,000 62.50 GBX

Harmony Energy Income (HEIT) Latest News

Harmony Energy Income (HEIT) Discussions and Chat

Harmony Energy Income Forums and Chat

Date Time Title Posts
10/12/202409:05Harmony at Harmony Energy Income Trust422
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
2024-12-12 17:00:3962.50100,00062,500.00O
2024-12-12 16:40:1762.4062,50039,000.00O
2024-12-12 16:35:1962.605131.93UT
2024-12-12 16:08:4162.5011,9307,456.25O
2024-12-12 16:07:3062.2750,00031,135.00O

Harmony Energy Income (HEIT) Top Chat Posts

Top Posts
Posted at 12/12/2024 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 61.80p.
Harmony Energy Income currently has 227,128,295 shares in issue. The market capitalisation of Harmony Energy Income is £141,955,184.
Harmony Energy Income has a price to earnings ratio (PE ratio) of 45.29.
This morning HEIT shares opened at 61.80p
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 02/12/2024 14:18 by craigso
I think it's higher than 75p. It's hard for a Board to recommend a 75p bid when they just said NAV was 88.5p.

But what's potentially a more interesting question - should the share price get there before Xmas - is whether to sell in the market at 75p or wait until the bid process reaches its conclusion.
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 29/11/2024 09:54 by craffert
This is a great arbitrage play.. clearly there are a number of "whole portfolio" bidders...and one has to be taken into exclusivity at NAV...for an outcome by end of Jan 25. So c. 60% share price upside for a 2 month wait. But even if the portfolio sale falls over, this is now a development risk free cash machine which will become more valuable as additional wind and solar generation hits the grid. A rare situation on the listed market.
Posted at 12/11/2024 15:12 by craigso
I would wait until HEIT has sold itself before deciding whether to recycle the proceeds into GSF. 2-3 months if the RNS is to be believed...

The share price of GSF isn't going anywhere until it starts delivering covered dividends and Trump 2.0 turns out to be not as bad as feared for US renewables.
Posted at 12/11/2024 11:55 by cruelladeville
Tempted to sell HEIT and buy GSF now that the share prices are virtually the same.
Posted at 09/11/2024 08:06 by craigso
I picked up a little tidbit from the Gore Street Capital Markets day presentation.

They mention that a 2-hour system would cost £600k / MW to build in 2024. (roughly 25% lower than the £800k / MW it cost in 2022)

Apply that to HEIT's installed capacity and you get £240m. Take off the £130m of HEIT debt and you're left with £110m. (a bit less than the current market cap)

Obviously grid connections are important and operating assets are usually worth more than development projects, but it doesn't appear to be "cheaper" for bidders to buy HEIT assets close to NAV rather than just building their own.
Posted at 29/4/2024 18:48 by cruelladeville
Not understanding why GRID and HEIT share prices have moved in opposite directions?
Harmony Energy Income share price data is direct from the London Stock Exchange

Harmony Energy Income Frequently Asked Questions (FAQ)

What is the current Harmony Energy Income share price?
The current share price of Harmony Energy Income is 62.6p.
How many Harmony Energy Income shares are in issue?
Harmony Energy Income has 227,128,295 shares in issue.
What is the market cap of Harmony Energy Income?
The market capitalisation of Harmony Energy Income is GBP 140.37 M.
What is the 1 year trading range for Harmony Energy Income share price?
Harmony Energy Income has traded in the range of 32.90p to 80.70p during the past year.
What is the PE ratio of Harmony Energy Income?
The price to earnings ratio of Harmony Energy Income is 45.29.
What is the cash to sales ratio of Harmony Energy Income?
The cash to sales ratio of Harmony Energy Income is 21.48.
What is the reporting currency for Harmony Energy Income?
Harmony Energy Income reports financial results in GBP.
What is the latest annual turnover for Harmony Energy Income?
The latest annual turnover of Harmony Energy Income is GBP 6.61M.
What is the latest annual profit for Harmony Energy Income?
The latest annual profit of Harmony Energy Income is GBP 3.14M.
What is the registered address of Harmony Energy Income?
The registered address for Harmony Energy Income is THE SCALPEL, 18TH FLOOR, 52 LIME STREET, LONDON, EC3M 7AF.
What is the Harmony Energy Income website address?
The website address for Harmony Energy Income is www.heitp.co.uk.
Which industry sector does Harmony Energy Income operate in?
Harmony Energy Income operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector.

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