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HGEN Hydrogenone Capital Growth Plc

24.15
-0.80 (-3.21%)
10 Jan 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
  -0.80 -3.21% 24.15 664,638 16:35:01
Bid Price Offer Price High Price Low Price Open Price
23.10 25.20 25.10 24.90 24.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 9.36M 7.32M 0.0568 4.40 32.14M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:31 O 1,273 25.00 GBX

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Date Time Title Posts
09/1/202509:50HYDROGENONE CAPITAL IPO377

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Posted at 11/1/2025 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 24.95p.
Hydrogenone Capital Growth currently has 128,819,999 shares in issue. The market capitalisation of Hydrogenone Capital Growth is £32,205,000.
Hydrogenone Capital Growth has a price to earnings ratio (PE ratio) of 4.40.
This morning HGEN shares opened at 24.90p
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 06/1/2025 14:24 by pj84
Well the latest drop was precipitated by Foresight (FGEN) who took a majority holding in HH2E in May and who then decided to withdraw funding in November leading to HH2E going into administration. This is the latest update So it currently looks like HH2E may emerge from administration as soon as the end of the month. It remains to be seen if HGEN will retain any stake following the administration.
Posted at 30/12/2024 11:33 by pj84
"Private equity payouts fell 50% short in 2024

Value of investments cashed out lingers well below historic average for third consecutive year"

Unusually the article doesn't appear to be behind a paywall today.

It helps to explain why most private equity funds are currently trading at discounts but the current discount for HGEN does seem excessive. Let's hope the Cordiant Capital team can help to turn things around.
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 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 10/11/2024 16:15 by craigso
It certainly does make sense that there could be a floor to the share price somewhere around here, based on the handful of assets that look particularly solid.

But as a DGI9 investor, I can attest that once the market stops believing NAVs - especially those that require follow-on investments to unlock - there's very little to be done except to hang on and hope for real, cash realisations - something I wouldn't expect in the hydrogen space. Unfortunately the optics are terrible here...
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 13:07 by kooba
Maximum 8% off assets leads to 25% off an already highly discounted share price looks harsh , but unfortunately it not only impacts on this holding it's now about the lack of trust in the valuation models ...those discounting future revenues without the funding in place are rather flakey as can been seen.Other holdings are further down the line or supported by recent fundraises one hopes will hold up but it appears Foresight has the foresight that using available cash to buy back shares at a huge discount is a better use of funds than committing more to investments that the market value so poorly it seems.
Posted at 08/11/2024 09:14 by craigso
Very happy to have sniffed around this and passed.

Publishing a NAV including £11m for HH2E and having that go to zero two days later shows that management are either totally incompetent or are lying about valuations.

The floor on the share price is much lower than this...
Posted at 11/9/2024 13:56 by cc2014
The stock market is a funny thing but the share price appears to be indicating HGEN has either massively overpaid or there is little future in Hydrogen as an energy storage medium.

I'm not getting it really. Hydrogen is a bit of a tricky molecule as it's so small.
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 24.15p
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 32.14M
What is the 1 year trading range for Hydrogenone Capital Growth share price?
Hydrogenone Capital Growth has traded in the range of 20.10p to 63.00p during the past year
What is the PE ratio of Hydrogenone Capital Growth?
The price to earnings ratio of Hydrogenone Capital Growth is 4.4
What is the cash to sales ratio of Hydrogenone Capital Growth?
The cash to sales ratio of Hydrogenone Capital Growth is 3.44
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 1ST FLOOR SENATOR HOUSE, 85 QUEEN VICTORIA STREET, LONDON, EC4V 4AB
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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