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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hydrogenone Capital Growth Plc | HGEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.30 | -2.51% | 50.40 | 16:35:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 50.00 | 50.00 | 50.00 | 50.40 | 51.70 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 16/7/2024 16:31 by adobbing Received an email from HGEN this afternoon, saying they have received confirmation from AJ Bell that the block on buying online has now been lifted.“they have completed their monthly FVA Review and have reviewed the updated FV information for the below, and have removed restrictions to online trading and will be notifying customers with regards to the products providing fair value.” Yet to receive anything from AJ Bell themselves, however I’m able to and have purchased online this afternoon using my ISA account. |
Posted at 08/7/2024 11:49 by adobbing Response from - External Affairs Manager“RE: HGEN - A J Bell - This security is restricted from dealing Many thanks for bringing it to our attention and apologies for the issues you are experiencing with the AJ Bell platform. We have got in touch with them and hope to resolve the issue soonest. We will keep you updated. Kindest regards” |
Posted at 04/7/2024 21:07 by adobbing I’ve dropped HGEN an email asking for clarification and making them aware of AJB’s assertion.Got an out of office from whoever the enquiries@hydrogenon Returns to work on 8th July…. |
Posted at 04/7/2024 20:41 by weyweyumfozo Maybe it was ii, and not AJB. Here's a comment from the GPM thread:"I remember last year that interactive investor suddenly stopped trading in GPM shares. I contacted the GPM fund managers and they sorted the problem. Evidently their "agent" hadn't passed on necessary information to interactive investor. Once that was rectified interactive investor started to trade in GPM shares again." Sounds like it's HGEN that need to be prodded to sort it out. |
Posted at 09/5/2024 20:32 by pj84 Skinny posted the link below on the ITM thread but very relevant to HGEN as wellwww.hydrogeninsight. |
Posted at 09/5/2024 13:09 by pj84 Brucie5 there is also a third layer of potential discount as the current NAVs don't take account of the hoped for exit premiums the management believe will start to prove the model of the fund.Nice to have a double figure percentage profit for the first time since buying into HGEN |
Posted at 27/3/2024 20:12 by 31337 c0d3r Quite a strong rise today:HGEN up 7.87% For comparison: FTSE 100 up 0.01% FTSE 250 up 0.17% |
Posted at 24/3/2024 07:46 by spectoacc AJ Bell emailed me over the weekend saying HGEN had failed the Fair Value Assessment, and that I ought to think about selling my holdings.Which is amusing on several levels, the most obvious being that I don't actually hold currently. Anyone else get the same email? |
Posted at 22/3/2024 22:41 by pj84 Either the information being given out by the company is wrong/misleading or at a discount of now more than 58% this is an absolute bargain.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 In their latest interview on 16 Feb Richard Hulf advised they expected 2 exits of portfolio investments within the next 6 months (listen from 18.48 to 20 minutes). This is a very quiet thread and I may have missed something but even at this price I feel comfortable holding and am very tempted to top up. |
Posted at 08/2/2024 19:43 by pj84 Follow up article in today's Citywire after yesterday's update."HydrogenOne: Now is the time for us to deliver as industrial buyers gather Burgeoning industrial interest in hydrogen energy should provide profitable exits for HydrogenOne Capital Growth this year and help narrow the shares’ 50% discount. Jamie Colvin Industrial investors are pumping capital into burgeoning hydrogen projects that could deliver much-needed opportunities this year for HydrogenOne Capital Growth (HGEN) to exit some of its investments at a profit. Speaking to Citywire off the back of fourth-quarter results, which showed that net asset value (NAV) increased 1.6% to 101.42p as of the end of December, portfolio managers Richard Hulf and JJ Traynor were bullish about the direction the sector was moving in, noting that everything ‘is on track’, even though the shares have plunged to a 50% discount to NAV in the growth selloff. Investment growth saw the NAV gain 5.8% last year, driven by revenues of £74m across the private portfolio, a 125% increase on the previous year, reflecting the build-out of capacity to meet demand for hydrogen supply chain equipment. The company said new investment into clean hydrogen totalled $17bn (£13.5bn) in 2023, more than 400% higher than in 2022, with 1.2 gigawatts of green hydrogen production online globally at the end of the year, a 50% increase. The pair pointed to developments within the £68m Europe-focused portfolio of private companies that reflected increased industrial interest in the sector. Portfolio holding Elcogen, a manufacturer of fuel cells that makes up 18.4% of assets, attracted €45m (£38m) of investment from HD Hyundai Group member Korea Shipbuilding & Offshore Engineering, funding the construction of a new factory in Estonia to scale up production. The fuel cells will largely be used in shipping. HiiROC, a UK company that splits methane into carbon and hydrogen, saw venture capital group Cemex increase their investment over the quarter, while former British Gas parent Centrica has continued its trial period. The trial saw the first use of hydrogen in a gas-fired power plant connected to the national grid in the UK. ‘Watch the way industry moves in on hydrogen and starts to scale up,’ said Hulf ‘It’s always been the story. The fund’s focus is how green hydrogen makes its way into the industrial complex, not retail, and we’re on track.’ Richard Hulf and JJ Traynor - HydrogenOne ‘We’re moving into the exits window to prove our NAV,’ the pair said. ‘There’s lots of industrial interest – headlines tend to reflect financial markets, but this is very much an industrial story and industrial investors don’t shout these things from the rooftops.’ The managers were not discouraged by the UK’s government delaying the phasing out of combustion engines from 2030 to 2035, which has reduced the pace of deployment of clean hydrogen in the UK into transport, noting that it continues to support the development of clean hydrogen supply. In light of this and weak financial markets, HGEN took control of UK hydrogen refuelling provider NanoSun earlier this year and plans to slim down the workforce and rebuild the Lancaster-based business around a lease model rather than sales. The renamed Swift Hydrogen will be fit for the German market, where it sees good demand, the pair said, adding that they could share more accounting details at the end of the current quarter. While more than half the holdings are in the UK, the fund is focused on Europe, particularly Germany, the Netherlands and Scandinavia, and the managers plan to expand into the US over the course of the year as they receive more cash from realisations. Investments in the quarter totalled £1m in two existing portfolio companies, Dutch supply company Strohm and Norwegian green hydrogen project developer Gen2 Energy. Cash and cash equivalents were £4.7m, with additionally £2.3m of listed hydrogen companies at the end of the quarter, giving a runway of two years, said Traynor. The shares slipped from 50p to 49.2p yesterday after the update but are up 1.6% to 50.8p this morning. They have halved since their launch near the top of the market in July 2021, but have gained 10% in the past three months as investors were cheered by the prospect of cuts in interest rates this year. The managers said the recent rally showed that investors were looking at beaten-up growth stocks for a potential recovery. That made it critical they made some exits at a premium this year to prove the model works. ‘Now’s the time to start delivering and we plan to do that this year,’ Hulf said." |
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