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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
|
|
|---|---|---|---|---|
| 0.25 | 1.22% | 20.75 | 16:35:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 20.75 | 20.50 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 21/2/2025 18:49 by pj84 amt thanks for posting those links.As kooba points out, it isn't clear what percentage HGEN owns in Sunfire, but what we do know, is that in the Q4 update on 5 Feb, HGEN valued it's stake in Sunfire at £32m which represented 27.8% of the total HGEN NAV at that point. That will have been before todays news which further demonstrates that despite all of the headwinds currently facing the renewables sector, Sunfire appears to be achieving continued commercial success and if it becomes one of the longer term winners, then as private investors we would have no other way of getting exposure to that potential than through HGEN. Ultimately we can only say for certain what an investment's actual value is once it has been realised, and in these dark and depressed times, I do get some comfort for my decision not to sell from the fact that the current NAV for Sunfire of £32m represents more than the market value of HGEN at these depressed prices on it's own. At the moment like HGEN I am assuming there is no value in the investment in HH2E but it would be a nice surprise if anything is salvaged if a deal is agreed at the end of the month. |
Posted at 06/2/2025 09:21 by kooba I did catch most of it before having to join another call.Re question on share buyback...they don't think that was a great idea and would look to reinvest any realisations in new hydrogen assets. Not sure they understand what a share buyback does..its not just to create some liquidity to investors and might help narrow a massive discount it also means they are buying hydrogen assets they they have cherry picked at a huge discount to what they think is a realistic value...and it further concentrates remaining investors interests in those assets and would instantly boost asset value.Issue is by doing a share buyback it reduces the funds under management...which they don't want.Figure i might speak to the board directly as they might better understand the position as less conflicted by lining their own pockets. |
Posted at 05/2/2025 07:57 by kooba Working better for the managers than the investors.HydrogenOn |
Posted at 03/2/2025 17:20 by golden prospect Notice of Quarterly NAV, Portfolio Update and Investor PresentationQ4 2024 NAV and Portfolio Update will be published on Wednesday, 5 February 2025. |
Posted at 17/1/2025 17:12 by pj84 Agree that on the face of it, it appears positive for one of our larger holdings but it would be useful to have an idea of what stake SmartCap got. It is, however, an Estonian state investor."Our two investment funds are SmartCap Venture Capital Fund and SmartCap Green Fund. SmartCap Venture Capital Fund backs VC funds and ensures a resource-rich environment for innovative and ambitious Estonian startups. SmartCap Green Fund invests as a fund-of-funds in Greentech-focused VC funds as well as directly in Greentech companies. We’ve been operating since 2011 under an activity licence issued by the Estonian Financial Supervision Authority. We’re a subsidiary of the Estonian Business and Innovation Agency. The Republic of Estonia is the sole unitholder of both SmartCap funds." I was surprised there is no news yet on the SmartCap website about the investment but the investment is part of the Smartcap Green Fund which states there investment criteria is : - "The size of individual investments will remain between EUR 500,000 and EUR 5 million, and as before, SmartCap Green Fund invests in companies together with private investors. Private capital must account for at least 50% of the total funding round, with at least 30% of that capital coming from new private investors for the company." The investment is at the top end of there investment criteria which is good and it appears they have not followed the new investor criteria and hopefully it is based on the previous investors so that any dilution in holding is nominal countered by new funds. |
Posted at 16/11/2024 16:28 by pj84 I have been looking at the major investors.On p.60 of the last full year’s accounts is a list of 5 investors holding more than 3% at 17 April 2024. Ineos …19.4% Rathbones … 10.99% City of Bradford … 6.6% Stichting Juridisch … 4.69% F S Wealth … 3.42% At the time the top 5 investors held 45.1% Looking at the RNS’s since 17 April 24 Rathbones reduced by 1% to 9.99% on 10 June and City of Bradford increased by 0.41% to 7.01% on 18 June 24 and I can’t see any other major holdings RNS’s since 17 April 24, so it looks like the top 5 investors still hold 44.51% of the total shares. They will all be nursing significant unrealised losses and lets hope that some of them (Ineos in particular) will be applying pressure for the managing partners to press ahead and realise one of the other holdings at, at least close to NAV, if not a premium. |
Posted at 08/11/2024 08:13 by slicethepie This maybe the wrong conclusion but most of the fund managers imo in this space are passionate investors in anything green and not ruthless investors. In the real world you need to be able walk away and most seem unable to do this imo dyor |
Posted at 31/10/2024 21:14 by 31337 c0d3r For anyone who missed this...RNS Number : 1195K HydrogenOne Capital Growth PLC 30 October 2024 LEI: 213800PMTT98U879SF45 30 October 2024 HydrogenOne Capital Growth plc ('HydrogenOne' or the 'Company') Notice of Quarterly NAV, Portfolio Update and Investor Presentation HydrogenOne, the first London-listed fund investing in clean hydrogen for a positive environmental impact, announces that its Q3 2024 NAV and Portfolio Update will be published on Wednesday, 6 November 2024. Richard Hulf and Dr JJ Traynor, Principals of the Company's Investment Adviser, HydrogenOne Capital LLP, will provide a live presentation relating to the Q3 2024 NAV and Portfolio Update via the Investor Meet Company platform on Wednesday, 6 November 2024 at 11am (GMT). The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet HydrogenOne via: Investors who already follow HydrogenOne on the Investor Meet Company platform will automatically be invited. |
Posted at 09/9/2024 14:28 by skinny A reminder :-HydrogenOne Capital Growth plc, the first London-listed fund investing in clean hydrogen for a positive environmental impact, will announce results for the six months ended 30 June 2024 on Monday, 16 September 2024. Analyst Presentation The Investment Adviser will host a virtual presentation for analysts at 2:00 pm BST on 16 September 2024. To register to join the presentation, please contact Burson Buchanan on +44 20 7466 5162 or HGEN@buchanancomms.c Investor Presentation The Company will also host an online investor presentation at 3:30 pm BST on 16 September 2024. The presentation will be hosted on the Investor Meet Company platform and is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9:00 am BST the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet HydrogenOne via: |
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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