We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hydrogenone Capital Growth Plc | HGEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.95 | -8.80% | 20.20 | 12:35:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 21.00 | 20.20 | 21.00 | 20.20 | 22.15 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 11/12/2024 11:43 by kooba Well the short notice investor call was a waste of time..i asked three questions and none of them answered.A/ does the new owner of the manager have a solution to the over 70% discount to nav the company trades at ?B/ will the high fees be reduced since all the funds have been deployed?C/ has the been any change in valuation methodology since the write off of HH2E?Only cherry picked easy questions and blabbed on about now is the time to scale up investment...with what exactly. HGEN is a close end fund that is trading at a huge discount to NAV how are they going to get funds into this structure to make new investments?They cant issue paper down here as it would crush the nav per share..so we will sit and wait until they can find exits...then there is no point in reinvesting ..clearly the market values £1 invested in hydrogen assets at less than 30p right now ...so the best use of excess funds would be share buybacks or even a tender...but that shrinks AUM. So they are conflicted as they earn money from their adjudged valuation of the portfolio not from how the market values it.Shares down again after the "exciting and important" news...for who exactly?? |
Posted at 03/12/2024 21:19 by pj84 Not sure whether this might have something to do with today's further fallsbut if it does, I would have thought the current discount already more than compensates for it and I haven't seen any further negative news affecting other HGEN holdings but there is a new interview with the chief strategy officer of Cranfield Aerospace Solutions. |
Posted at 25/11/2024 18:05 by golden prospect Written by Global Cement staff, 22 November 2024Interest clearly to HiiROC Limited, 2nd largest investment for HGEN |
Posted at 20/11/2024 09:46 by pj84 Nice update on SunfireThe ADVFN buys and sells have been very misleading over recent days I topped up yesterday at at 24.204 and the spread has been much narrower than indicated and currently you can sell at about 24.2 and buy around 24.7 or above so there are more buys than it appears. |
Posted at 14/11/2024 09:46 by pj84 For now at least HGEN's working assumption is the NAV is now about 92p and they are not expecting to recover anything from HH2E. |
Posted at 08/11/2024 14:44 by pj84 As a current holder saying I am disappointed so soon after the recent update emphasising the foundation of the NAV following the Gen2 sale is an understatement.The shares were already on a 60% discount so a lot of bad news already in the price. As the 8% holding in HH2E was already discounted to just 3.2p of the previous market cap the fall today of nearly 10p does appear to be harsh. It is hardly surprising for those who decide to sell that there will be less demand by buyers to buy today and inevitably that means the price will fall to the amount the few buyers are willing to pay. It also means a bigger discount is now being applied to the remaining portfolio holdings of closer to 70%. I have decided to remain patient and to continue to hold, on the basis that the administration of one of the smaller holdings doesn't mean all holdings are destined for the same fate. The NAV of Sunfire of approx 25p almost makes up the current share price of 28p on it's own and it wouldn't take a lot of growth for that to justify the share price on it's own. Sunfire is one of the world's largest manufacturer's of electrolysers and this was from the RNS earlier this year regarding it's most recent fundraising: - "The Company's Investment Adviser, HydrogenOne Capital LLP, believes this is a significant financial milestone for Sunfire, with EUR 215 million raised in a Series E equity financing round, further complemented by a term loan of up to EUR 100 million provided by the European Investment Bank ('EIB'). In addition, Sunfire has access to circa EUR 200 million from previously approved, undrawn grant funding to support its growth. The transaction is subject to customary regulatory approvals and is expected to close in Q2 2024. This makes Sunfire one of the best capitalised electrolyzer manufacturers in the industry. Sunfire is an industry leader in alkaline and solid oxide electrolyser manufacture. Sunfire is expanding its alkaline electrolysis production capacity at Solingen and Limbach-Oberfrohna, Germany and developing advanced research facilities in Dresden. Sunfire's pressurised alkaline and high-temperature solid oxide electrolysis technologies have the potential to become key enablers of the transition to renewable energy, offering a scalable and efficient means of producing green hydrogen. Accordingly, Sunfire targets installing several gigawatts of electrolysis equipment by 2030 in large-scale green hydrogen projects, securing a leading position in the fast-growing global electrolyzer market." |
Posted at 08/11/2024 13:13 by 31337 c0d3r To be fair, Foresight only pulled their funding yesterday, and HGEN reported it first thing this morning. |
Posted at 08/11/2024 11:00 by brinton62 Have a look at FGEN. They where also involved in the funding and decided not to go ahead. Doens quite read likenthat in the HGEN RNS! |
Posted at 02/10/2024 21:19 by pj84 craigso if you didn't get to watch the results presentation the following is a good place to start to get info. on the portfolioI'm not sure how long you have been following HGEN but these are some links from some earlier posts:- Let's hope one of the disposals finally happens to help show the NAV value is accurate and the large discount is unwarranted. Sunfire is the biggest holding at just over 21% Sunfire is Hydrogenone's largest holding at 20% and is in the top 20 of Global electrolyser manufacturers And recently they announced that Sunfire had agreed a successful fundraise |
Posted at 02/10/2024 17:13 by craigso PJ84, you can make a lot of money investing in investment trusts trading on a large discount and waiting for sentiment to improve / discount to narrow.But you have to be able to dig into the published NAVs asset-by-asset and believe them to be credible. I can't say I've been able to do that for HGEN, as all I have is a vague conviction that hydrogen will play some role in getting to net zero. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
