Hydrogenone Capital Growth Share Discussion Threads

[rogen83] 29/3/2023 09:05

picked up 100k before 810am this morning

[jonwig] 29/3/2023 07:11

"Nothing to see here, guv."

[tenapen] 28/3/2023 17:21

Thanks jonwig.

I'm always happy to read your posts.

[trollwatch] 28/3/2023 13:25

jonwig, I can see you are losing huge amounts of money on practically everything in your rotten portfolio. You never were any good on investment matters. Doesn't stop you from trolling and pontificating emptily in your 20,000+ (sic) posts, though, does it?

You and your best buddy spectoacc (alias bighead from York) must be down to your last few quid. TeeHee.

[jonwig] 28/3/2023 12:39

No recent news items I can find about any of the private investments.

Down rounds are always a potential problem in markets such as these, and they can be difficult to recover from.

EDIT: following quoteds (ITM, CWR) down?

[calama] 28/3/2023 11:23

Not sure but pleased I got out a while ago. I guess the penny has dropped that hydrogen is not going to be the planets saviour any time soon and we will need the black stuff for the foreseeable.

[healthtech] 28/3/2023 10:53

Why is this tanking?

[skinny] 24/2/2023 09:26

Yesterday's investormeetcompany recording is available :-

[jonwig] 17/2/2023 07:18

HydrogenOne, the first London-listed fund investing in clean hydrogen for a positive environmental impact, is pleased to advise that the Company's Investment Adviser, HydrogenOne Capital LLP, will be presenting to retail investors at UK Investor Magazine's Investment Trust Conference at 15:00 GMT on Wednesday, 8 March 2023.

To register for the event and to watch this presentation, please use the following link:

[jonwig] 10/2/2023 07:01

JLEN and HydrogenOne investing in green hydrogen.

JLEN Environmental Assets and HydrogenOne Capital Growth are making their first investments into the green hydrogen sector.

JLEN is buying a 33% equity stake in Foresight Hydrogen Holdco GmbH. Foresight Hydrogen Holdco holds a 75% stake in HH2E Werk Thierbach GmbH, a Special Purpose Vehicle which owns the development rights to the Thierbach green hydrogen project, a large green hydrogen production plant near Borna in Germany, capable of producing around 6,000 tonnes (over 200,000MWh) of green hydrogen per year during its first 100MW phase. Green hydrogen will be produced through electrolysis powered by renewable electricity. The project will also integrate battery storage.

Thierbach is currently under development by HH2E AG, a developer of hydrogen projects in Germany.

HydrogenOne already owns a £5m (€6m) stake in HH2E AG and is making a £2.4m (€2.8m) investment in the Thierbach Project.

Foresight Hydrogen Holdco also owns 7.6% of HH2E and holds the right to majority fund future projects developed by it.

More -



Tierbach operating from 2025, full capacity 2030 ...?

[tenapen] 08/2/2023 20:27

Thank you jonwig.
I'll take a good look at Strohm, for information mainly.

The hydrogen future's bright.

[jonwig] 08/2/2023 20:06

The presentation slides are on the website (Investors - Docs and Pubs).

It was excellent, and I think there was a good bit of buying between 9 and 9:30 on the strength of it.

Their private investments aren't start-ups, they are companies which are already, or close to, revenues and positive EBITDA. Two of them are looking to hire investment banks (ie. trade sale or IPO).

The plan is to hold an investment for say 5 years and make 2 - 2.5 times before selling and recycling. Invetsment partners are big firms (Centrica, Amazon, Foresight, etc.) so they aren't out on a limb.

Obviously no fundraising owing to discout. Their £17m cash will be used for top-ups, mainly.

They are particularly excited about Sunfire and Strohm.

Another meeting day on 23 Feb.

[tenapen] 08/2/2023 08:06

Hi jonwig,
I've looked at Sunfire and I would buy if I could. The others I'll look at when I have time.

If your watching the webinar and have any feedback, I would like to read your thoughts.

Regards.

[jonwig] 08/2/2023 08:03

Update -



NB Webinar at 9:00.

[jonwig] 03/2/2023 12:12

James Carthew article, 31/01 -



Register free to read.

[tenapen] 31/1/2023 18:48

The UK talks the talk, but doesn't do any walking.



TECH
UK pulls plug on top tech incubator after setting out to become ‘world’s next Silicon Valley’
PUBLISHED TUE, JAN 31 20239:40 AM EST
Ryan Browne
@RYAN_BROWNE_


Tech Nation will close its doors on March 31, the tech accelerator program said Tuesday.

The U.K. government diverted grant funding for the program to the startup incubation arm of Barclays Bank.

The move has raised questions over the U.K.’s ambitions to become the “world’s next Silicon Valley.”

Cont...

----------

Arrival, the UK start-up focusing on development of commercial electric vehicles, has revealed that it is to cut its workforce by half as it focuses on incentives to build its operations in the United States.

[jonwig] 30/1/2023 07:15

... will publish its quarterly portfolio and NAV update for the period ended 31 December 2022 on Wednesday 8 February 2023.

The Company's Investment Adviser, HydrogenOne Capital LLP, will be hosting a 30-minute live webinar presentation for investors and analysts commencing at 9am GMT on that day.

In order to register for the webinar, please follow the link:

.

The presentation will also be available on the Company's website at

.

[tenapen] 28/1/2023 17:42

Are we worried about the long term future of our clean energy industries? Absolutely not,” [Jeremy] Hunt added.

I'm looking forward to reading his plans in full.

[skinny] 27/1/2023 13:52

Jonwig, I understand what you are saying, but I made a conscious decision to be invested in that area - firstly directly via companies like Ceres, AFC & ITM and as
I've reduced my holdings and taken profits on all of these, I've diversified into vehicles such as HTWG, that has interests in companies like NEL, Linde etc - so diversification within the area.

You mention Siemens Energy - they are at least a player in hydrogen :-

[tenapen] 27/1/2023 13:42

Johnson Matthey gave an nterview to FT late last year, how the UK is giving up any lead it had in the Hydrogen sector. Things have only stayed the same .... at best.

It's now behind a paywall, but we can still see the header.
"UK has fallen behind in hydrogen power race, says Johnson Matthey chief" - FT.com



The future is Bright

[jonwig] 27/1/2023 13:30

tenapen - I agree entirely. As I said, the UK government is a slouch.

skinny - with, say Siemens Energy, how m much of the company is directly involved in hydrogen per se? That's my problem, how much dilution are you taking on in pursuit of purely hydrogen companies?

[tenapen] 27/1/2023 12:42

.... that the UK isn't interested in CleanTech stocks and this bod should have joined Frankfurt for example where the Germans are investing and incentivising a clean transition.
The UK gov recently gave out £xxxx of grants to incentivise CleanTech investment... Great ... Who got the largest portion of the pie ? Toyota
We come to ITM one of the largest fuel cell suppliers in the UK - recently shelved plans for a second giga factory. Lack of government support or just a lack of sales
The German company PPS is opening its second giga factory and posts or rising interest and orders - I hold - No advice intended.
And more recently - British volts. It's a given that an electric car manufacturing country needs to make its own batteries for stability of supply etc. Yes the gov was going to give grants as milestones were passed, and they weren't because the project didn't seem to move forward no one in power was interested or could put a rocket under the seats of the company bosses.

Just my opinion jonwig, but if you do find life in British CleanTech sure post here or on zeppo's HYD thread - I'm always happy to learn.


The projected growth in fuel cells

[skinny] 27/1/2023 12:20

Off topic but, I've watched both and recently bought - just in profit - I will at some point look more closely at HGEN.


Top 10 constituents (%)
Siemens Energy 6.6
Weichai Power 5.4
Nel 4.9
Johnson Matthey 4.8
Air Products & Chemicals 4.8
Kyocera 4.7
Ørsted 4.7
Air Liquide 4.6
Linde 4.6
Doosan Fuel Cell 4.5

On edit - of the above, Weichai & Linde are involved with Ceres and ITM respectively - both of which I hold.

[jonwig] 27/1/2023 12:04

tenapen - that's a big statement, can you justify it?

If you look at the non-UK listed investments, there's not much evidence of strong performance over five years. (I haven't looked at all of them.) Anyone buying that overseas public portfolio five years ago would likely have lost money.

Country of listing is not the issue; the issue is, for the private early stage companies, the attitude of government in particular the USA's IRA and the likely strong EU response to it. The UK is a slouch here so far. HGEN's portfolio is a decent mix of countries.

The nav discount of about 20% is fairly typical of VC and PE investors, and there's a decent chance of recovery from this low point. The charges ratio of over 2% is high, and the BoD isn't badly remunerated. The investment managers have to prove they're worth it.

[tenapen] 27/1/2023 09:49

Morning jonwig, all,
There is the BoD's first mistake, having the listing in London.

Enough said :-/