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HGEN Hydrogenone Capital Growth Plc

19.65
-0.35 (-1.75%)
14 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hydrogenone Capital Growth Plc LSE:HGEN London Ordinary Share GB00BL6K7L04 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -0.35 -1.75% 19.65 177,288 10:38:15
Bid Price Offer Price High Price Low Price Open Price
19.00 22.00 20.00 19.65 20.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 9.36M 7.32M 0.0568 3.46 25.76M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:01 UT 1,068 19.65 GBX

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Date Time Title Posts
14/3/202523:41HYDROGENONE CAPITAL IPO436

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Posted at 16/3/2025 08:20 by Hydrogenone Capital Growth Daily Update
Hydrogenone Capital Growth Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker HGEN. The last closing price for Hydrogenone Capital Growth was 20p.
Hydrogenone Capital Growth currently has 128,819,999 shares in issue. The market capitalisation of Hydrogenone Capital Growth is £25,313,130.
Hydrogenone Capital Growth has a price to earnings ratio (PE ratio) of 3.46.
This morning HGEN shares opened at 20p
Posted at 14/3/2025 23:33 by pj84
Kooba I am hoping the market is wrong, but I recognise that I might be wrong.

I agree it is hard to justify the management fees based on the share price performance but do you think the market might be wrong or do you think this is now a lost cause?
Posted at 21/2/2025 19:48 by kooba
Last presentation they basically said there would be nothing back on the failed investment. The news from ceres this week does not inspire confidence in the sector too I'm afraid , I just hope they get monetisation opportunities which might boost the discount to Nav but difficult to see that coming.Probably undervalued but difficult to see a catalyst to revaluation ..unfortunately some of these pooled technology investment funds just end up seeing the assets fall to nearer the share price and are value traps.
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 21/2/2025 10:44 by amt
Sunfire appears to be valued at 1 billion euros. Not sure about that.
HGEN seems to have a 20% stake.
So overall valuation of Hgen at 27m doesn't make sense.
Posted at 06/2/2025 22:23 by pj84
I completely agree that share buybacks make most sense when shares are most undervalued (and its hard to see they can be much more undervalued than at a discount to NAV of about 75%) but at the moment it doesn't appear anything is going to be a catalyst to the share price until HGEN makes its next realisation, which unless it is a partial realisation, has to now be bigger than the recent Gen2 £3m.

If its a bigger realisation near or at a premium to NAV hopefully that will help the share price to improve before any decision can be taken on how to then use those proceeds.

So unfortunately, it appears, the choice at the moment is to wait or to sell at a very undervalued price.
Posted at 05/2/2025 10:22 by amt
Ridiculous fee structure if they get a % of nav. It should be linked to the share price.
Posted at 05/2/2025 07:41 by amt
22p share price.
90p nav.
That's some discount
Posted at 09/1/2025 09:50 by pj84
I was starting to doubt myself and thought it might have been previously announced!

Let's hope the share price has finally bounced of the bottom of this downturn.
Posted at 11/12/2024 07:30 by kooba
Seems the investment managers are looking after themselves after what has been a dreadful share price performance. As to what benefits feed down to shareholders from this acquisition is unclear ..they have spent all the funds and are now reliant on the underlying performance and valuations of investments already made.it is now somewhat of a passive role ! Having sold an investment to pay the managers fees for a year or so it appears they are more focused on their returns rather than their shareholders.
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."
Hydrogenone Capital Growth share price data is direct from the London Stock Exchange

Hydrogenone Capital Growth Frequently Asked Questions (FAQ)

What is the current Hydrogenone Capital Growth share price?
The current share price of Hydrogenone Capital Growth is 19.65p
How many Hydrogenone Capital Growth shares are in issue?
Hydrogenone Capital Growth has 128,819,999 shares in issue
What is the market cap of Hydrogenone Capital Growth?
The market capitalisation of Hydrogenone Capital Growth is GBP 25.76M
What is the 1 year trading range for Hydrogenone Capital Growth share price?
Hydrogenone Capital Growth has traded in the range of 19.65p to 58.60p during the past year
What is the PE ratio of Hydrogenone Capital Growth?
The price to earnings ratio of Hydrogenone Capital Growth is 3.46
What is the cash to sales ratio of Hydrogenone Capital Growth?
The cash to sales ratio of Hydrogenone Capital Growth is 2.7
What is the reporting currency for Hydrogenone Capital Growth?
Hydrogenone Capital Growth reports financial results in GBP
What is the latest annual turnover for Hydrogenone Capital Growth?
The latest annual turnover of Hydrogenone Capital Growth is GBP 9.36M
What is the latest annual profit for Hydrogenone Capital Growth?
The latest annual profit of Hydrogenone Capital Growth is GBP 7.32M
What is the registered address of Hydrogenone Capital Growth?
The registered address for Hydrogenone Capital Growth is 4TH FLOOR, 140 ALDERSGATE STREET, LONDON, EC1A 4HY
What is the Hydrogenone Capital Growth website address?
The website address for Hydrogenone Capital Growth is www.hydrogenonecapitalgrowthplc.com
Which industry sector does Hydrogenone Capital Growth operate in?
Hydrogenone Capital Growth operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector

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