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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
|
|
|---|---|---|---|---|---|
| -0.20 | -0.31% | 64.40 | 312,238 | 16:35:28 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 64.60 | 64.80 | 64.70 | 64.70 | 64.70 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 6.61M | 3.14M | 0.0138 | 46.88 | 146.72M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:59:53 | O | 25,000 | 64.60 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/2/2025 | 08:05 | UK RNS | Harmony Energy Income Trust PLC Replacement: Net Asset Value and Trading.. |
| 26/2/2025 | 07:01 | UK RNS | Harmony Energy Income Trust PLC Net Asset Value and Trading Update |
| 26/2/2025 | 07:00 | UK RNS | Harmony Energy Income Trust PLC Results for Financial Year Ended 31 October.. |
| 20/2/2025 | 07:00 | UK RNS | Harmony Energy Income Trust PLC Further Re: Asset Sale Process & Notice of.. |
| 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.. |
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 |
|---|---|---|---|
| 06/3/2025 | 21:36 | Harmony at Harmony Energy Income Trust | 672 |
| 22/2/2022 | 07:31 | Harmony Energy Income Trust plc thoughts on IPO | 21 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-03-06 17:30:26 | 64.60 | 25,000 | 16,150.00 | O |
| 2025-03-06 17:00:38 | 64.65 | 87,000 | 56,245.50 | O |
| 2025-03-06 16:59:54 | 64.60 | 10,494 | 6,779.12 | O |
| 2025-03-06 16:35:28 | 64.40 | 15,000 | 9,660.00 | UT |
| 2025-03-06 16:26:22 | 64.80 | 400 | 259.20 | O |
| Top Posts |
|---|
Posted at 06/3/2025 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 64.60p.Harmony Energy Income currently has 227,128,295 shares in issue. The market capitalisation of Harmony Energy Income is £146,952,007. Harmony Energy Income has a price to earnings ratio (PE ratio) of 46.88. This morning HEIT shares opened at 64.70p |
Posted at 14/2/2025 08:31 by craigso Indeed it shouldn't be too hard to find a good home for proceeds of a good sale here.However, one might wonder... 1. how long it will take the HEIT share price to get close enough to the bid value to be worth leaving a bit on the table by selling into the stock market instead of waiting for liquidation 2. to what extend BESS (likely) and renewables (possibly) will rally in response to a near-NAV selling price It might end up a bit like moving house. You might sell your place at a great price, but if you are reinvesting into something that has increased in price as well - then it's mostly just a wash... |
Posted at 11/2/2025 17:09 by craigso More downside than upside?The current share price equates to an Enterprise Value of roughly £675k / MW installed. A quick check of Bessanalytics shows the overall BESS market is earning £80k / MW / year this winter. But HEIT's 2-hour duration assets are regularly the top performers, so £100k / MW/ year isn't out of the question for a time that nobody believes to be the top of the market. How much EBITDA/cashflow would that equate to? £70-80? Even if the deal collapsed I might not mind continuing to own this. Even if you question the numbers - and believe that the share price pre-January 2024 was total nonsense, never to be seen again - it still seems far more likely that a competitive bid process delivered an 75p+ price than a 55p or less price (which would be your more downside than upside scenario...) |
Posted at 10/2/2025 09:38 by craigso Exactly William.Our worst-case scenario is probably something like this. Individual asset offers were poor, but somebody offered to buy the whole thing. The Board knew that the share price would collapse if it sold a single asset well below NAV, so it decided to get out while they could still get something above the share price at the time. I don't think that's the case, if only because it doesn't line up with the positive RNS' and the very positive increase in BESS revenues during the bidding process. But until the deal is announced, there will always be some nerves... |
Posted at 09/2/2025 11:34 by craigso craffert,There are two options for deal structure, and I don't believe I have seen any confirmation of which is being pursued. Option 1 is a Board-recommended bid for the shares, which should see the share price settle fairly close to that number. Option 2 would be a sale of all of the assets / SPVs out of HEIT. So HEIT would need to ask for shareholder approval, then receive the cash for the assets, then enter into a liquidation process to get that cash to shareholders. I also don't know whether the Harmony investment management agreement has a poison pill for contract termination... Option 1 gets us our return quicker. But Option 2 might be cleaner for a bidder as they wouldn't have to worry about anything hidden at the corporate level. There might also be differences in the level of shareholder approval needed - especially relevant if the price is substantially lower than NAV. I think a share bid would need 75+% in order to squeeze out minorities - I don't know the % of shareholder approval needed for HEIT to sell its assets. I would assume, however, that Option 2 is being pursued, because otherwise it would have been pretty straightforward to announce in December that the Bidder is going to offer X per share. |
Posted at 09/2/2025 08:15 by craigso Yes, I think the floor on a recommended bid is still above the current share price. Although the BBGI bid wasn't known during the HEIT process, it does show yet again that private money will pay more than the stock market for the right kinds of assets.My only real concern at the moment is the fact that battery costs are falling fast. (I read a newspaper article somewhere suggesting that it's down to £500 / kw) So build vs. buy considerations might have come into play for some bidders. Unfortunately, NESO's recent announcements re. grid connections might have come a bit late - although it would certainly incenvitise the preferred bidder to get the deal done and grab HEIT's 800MW of grid connections. (and potentially a relationship with Harmony for anything in their development pipeline) At the same time, lower battery costs might have let somebody find some upside from extending duration to 4 hours. Hopefully we'll find out this week what the ultimate price will be - and hopefully the share price will jump close enough to that number that we won't need to wait for a liquidation process, etc. |
Posted at 05/2/2025 11:15 by cc2014 I don't think you should beat yourself up about it CdeV.If you had bought anything at that time which was any form of bond proxy (meaning renewables or REITs or bond funds) you would have got beaten up in the same way. It was simply the madness of ZIRP and TINA. It didn't help that we had commentators telling us that buying 50 year gilts at 0.5% was going to be the bargain of the century. For my part I bought my HEIT at around 101p and sold out at 118p. I never bought back as the more and more research I did the more I became concerned about the relationship between HEIT, Harmony the fund manager and Harmony the commercial business. It did not fit well with me. The fall in price of Lithium was the final straw. I count myself as extremely lucky with perhaps a pinch of skill. (and I continue to believe HEIT isn't worth 50p, but today's share price move suggests you are going to escape (if that's the word) with a meaningful transaction at a price beginning with a 7) |
Posted at 30/1/2025 09:32 by cc2014 Imho with the NAV at 88.5p, the worst possible offer the Board could reasonably put before shareholders is 75p. Anything lower calls into question the NAV.However that's the whole problem. The NAV is garbage. So, even if the offer is 60p, the Board cannot recommend it and without an offer the share price falls. As part of the due diligence of course, it could magically become apparent that the NAV is 78p not 88p and then an offer at 65p could be recommended. Which is broadly where the share price is and gives you an out. (However, I do think the NAV is even 78p if done property but that's another discussion) |
Posted at 28/1/2025 20:38 by cruelladeville I expect it's going to be two or three weeks waiting yet for any more news here. Meanwhile GRID's share price seems to be really suffering. It needs a decent deal to happen at HEIT to help the share price there too. |
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 29/4/2024 18:48 by cruelladeville Not understanding why GRID and HEIT share prices have moved in opposite directions? |
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