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| 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
|
|
|---|---|---|---|---|---|
| -1.30 | -2.51% | 50.40 | 260,007 | 16:35:09 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 50.00 | 50.80 | 50.00 | 50.00 | 50.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 3.28M | 1.55M | 0.0121 | 41.32 | 66.6M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:26:07 | O | 80,000 | 50.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/7/2024 | 07:00 | UK RNS | HydrogenOne Capital Growth PLC Notice of NAV & Portfolio Update |
| 20/6/2024 | 14:25 | UK RNS | HydrogenOne Capital Growth PLC Holding(s) in Company |
| 19/6/2024 | 07:00 | UK RNS | HydrogenOne Capital Growth PLC Strohm completes new Euro 30 million capital.. |
| 11/6/2024 | 15:14 | UK RNS | HydrogenOne Capital Growth PLC Holding(s) in Company |
| 21/5/2024 | 16:50 | UK RNS | HydrogenOne Capital Growth PLC Result of AGM |
| 08/5/2024 | 14:20 | ALNC |  TRADING UPDATES: ECO hails vaccine results; Plant Health sales down |
| 08/5/2024 | 07:00 | UK RNS | HydrogenOne Capital Growth PLC Q1 2024 Net Asset Value & Portfolio Update |
| 08/5/2024 | 06:35 | ALNC | GET READY: Alliance Pharma, boohoo, JD Wetherspoon, OSB at 0700 BST |
| 01/5/2024 | 07:00 | UK RNS | HydrogenOne Capital Growth PLC Notice of NAV & Portfolio Update |
| 23/4/2024 | 11:52 | UK RNS | HydrogenOne Capital Growth PLC Update from QuotedData |
Hydrogenone Capital Growth (HGEN) Share Charts1 Year Hydrogenone Capital Growth Chart |
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1 Month Hydrogenone Capital Growth Chart |
Intraday Hydrogenone Capital Growth Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/7/2024 | 16:31 | HYDROGENONE CAPITAL IPO | 268 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 16:09:52 | 50.00 | 80,000 | 40,000.00 | O |
| 2024-07-26 15:26:08 | 50.05 | 402 | 201.22 | O |
| 2024-07-26 15:25:54 | 50.42 | 1,000 | 504.17 | O |
| 2024-07-26 15:23:36 | 50.42 | 1,970 | 993.21 | O |
| 2024-07-26 14:38:34 | 50.00 | 1 | 0.50 | AT |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 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 51.70p.Hydrogenone Capital Growth currently has 128,819,999 shares in issue. The market capitalisation of Hydrogenone Capital Growth is £64,410,000. Hydrogenone Capital Growth has a price to earnings ratio (PE ratio) of 41.32. This morning HGEN shares opened at 50p |
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 14/2/2024 19:19 by pj84 The above article appears to support Hgen's view that there is an unjustified disconnect between the share price and what is happening in the green energy sector.The following is from the article: - "... Bloomberg NEF (BNEF) estimates that capex investment in clean energy was $1.2 trillion in 2021, $1.5 trillion in 2022, and $1.8 trillion in 2023, despite a stiff rise in interest rates and a credit crunch for green start-ups. The total is now over three times as much as upstream capex on oil and gas. You would scarcely know it from the political noise but the pace of decarbonisation accelerated last year, and has crossed a critical threshold. The renewable energy roll-out is running near 800 gigawatts (GW) a year, greater than the 700 GW annual increase in power consumption. The International Energy Agency and Rystad forecast that fossil fuel use in electricity generation will decline this year in absolute terms. From there it is a one-way street. ..." |
Posted at 14/11/2023 11:54 by pj84 Just listened to the 3rd quarter update.The timing of exits from current investments are out of their control but they are hopeful of some activity in the first few months of 2024 which sounded positive. One interesting fact they mentioned with regard to the low share price, which continues to be driven my market sentiment on the renewables sector particularly in the current high interest rate environment, is that they can see that there institutional investors are stable and taking a longer term view and that it is the retail shareholders who are currently trading and influencing the share price. Despite the discount everything seems to be progressing well. |
Posted at 20/9/2023 17:29 by pj84 hTTs://citywire.com/"HydrogenOne: ‘We’re now in exits territory’ The managers of the heavily derated trust are excited about larger investors moving into the hydrogen sector as positive portfolio news fails to narrow the entrenched 45% discount. BY JAMIE COLVIN The managers of HydrogenOne Capital Growth (HGEN) are hopeful they will exit several holdings in the upcoming year, which will rerate the shares that languish at a 45% discount to the June net asset value (NAV). JJ Traynor and Richard Hulf told Citywire they had completed the investment phase, having invested £111m across hydrogen production, supply chain and storage technologies since launching the fund in July 2021, including £8m over the period, and were now moving into the harvesting phase. They pointed to strengthening fundamentals in the clean hydrogen sector, with £13bn invested in green hydrogen specifically year to date, a 380% increase on 2022, through company flotations. Consolidation is therefore likely to be next meaning Hulf and Traynor have begun the process of appointing investment banking advisers to several private companies in the portfolio in preparation for any potential bids. ‘The news flow over next year will be about exits, offtake agreements being signed on projects, keys being turned, hydrogen starting to flow and much bigger investors coming into the market and joining them,’ said Hulf (pictured below left with Traynor). ‘That’s what you’ll see – a slight change in complexion for the fund.’ Richard Hulf and JJ Traynor - HydrogenOne Positive portfolio news has failed to budge the shares in the longer term, with the current 54p share price well below the 2021 launch price. Interim results, which showed NAV increased 3.5% to £130m over the six months to the end of June despite increased discount rates of 13.7%, only drove the shares up 2.5%. The portfolio, of which 91% are private companies, delivered £52m in total revenue over the 12 months to the end of June, a 170% year-on-year increase, while the valuation of the private portfolio is at least 30% lower than comparable listed companies. The trust’s investments span the UK, Netherlands, Germany and Scandinavia, with several quoted companies listed in the US, Canada, France and South Korea. The pair have not deployed all of the £126m raised at the trust’s launch, retaining an uncommitted cash position of £9m, which they intend to use for further follow-on investments, rather than share buybacks. ‘We have the facility, but it’s not on the table today,’ Traynor said. ‘We’ve been good at deploying into successful businesses and can’t see that buybacks are a good use of capital.’ The trust’s largest position is leading German industrial electrolyser producer Sunfire, which makes up 20% of assets following HGEN £1.8m follow-on investment over the period. In August, the company received a purchase order for a 100-megawatt pressurized alkaline electrolyser in a supply agreement with a leading European refinery, which marked a key milestone. Sunfire also received €169m in funding under the EU’s important projects of common European interest (IPCEI) scheme to establish the first industrial series production of its solid oxide and pressurised alkaline electrolysis technologies." Just listened to today's investor meet presentation which I would strongly recommend not just for this trust but also some well informed commentary for any investors in the hydrogen sector. Has reaffirmed my belief in how undervalued Hydrogenone is at the moment. |
Posted at 07/8/2023 18:28 by pj84 Hoping to catch up with today's investormeet presentation later but just quickly read the following updateHydrogenOne jumps 12% after second-quarter uplift to valuations HydrogenOne Capital Growth narrows its wide discount after eking out a small rise in NAV as gains in its unquoted portfolio offset the impact of rising interest rates. BY JAMIE COLVIN Shares in HydrogenOne Capital Growth (HGEN) jumped 12% to 55p today as the investment trust continued this year’s volatile run after impressing sceptical investors with a small second-quarter rise in net asset value (NAV) accompanied by a surge in revenues from its 10 loss-making companies. Speaking to shareholders, co-manager Richard Hulf said there was a complete disconnect between the NAV, which rose 0.7% to 100.7p in the three months to 30 June, and the shares, which closed at a yawning 51% discount on Friday, which is among the widest valuation gaps in the renewable infrastructure sector. Launched two years ago, HydrogenOne shares peaked at 120p in November 2021 before more than halving to their current level as investors questioned the valuation of its unquoted assets as inflation and interest rates rose rapidly. Nevertheless, the latest update showed good valuation uplifts to its private equity positions in green hydrogen companies in the UK and Europe, even though an increase in its discount valuation rate from 12.8% to 13.7% weighed on the NAV and offset most of the gains. Total revenues of £52m over 12 months marked a 170% increase year on year leaving the closed-end fund with cash of £8.9m and £3m in listed hydrogen companies that could be sold if necessary after making £2.6m of follow-on investments in Cranfield Aerospace Solutions and Thierbach (a development project for the construction of an industrial scale green hydrogen producer in Germany). Despite earlier reassurances to investors that there was nothing amiss with the portfolio, HGEN shares have tumbled 38% this year. Hulf blamed macroeconomics for depressing sentiment rather than trust-specific news. ‘Company revenues are growing, businesses are doing well, new projects are starting up and governments are increasingly putting money in,’ said Hulf (pictured below left, with co-manager JJ Traynor). ‘Hydrogen has had many false starts, but is now going ahead. We’ll show that through the interim results next month.’ Richard Hulf and JJ Traynor - HydrogenOne He implied that the trust conservatively values its assets, with last month’s flotation of the green hydrogen firm Thyssenkrupp Nucera, which has been valued at €3bn, having a direct read across with HGEN’s largest holding, Sunfire, a leading German industrial electrolyser producer in which the fund has 20% invested. In terms of the trust’s pipeline, Hulf said they were looking into US green hydrogen projects that benefited from the Inflation Reduction Act. However, investments there would have to wait until the trust regained a premium over NAV in order to raise more capital through a share issue. Hulf emphasised that as a growth fund, they did not have the cash available to buy back stock, but would ‘think about it’ with the proceeds of any exits. He added that that could be as soon as next year when some of their investments would meet the minimum threshold of two times return on invested capital. Liberum analyst Joe Pepper said valuing private market hydrogen companies was difficult given the nascent, loss-making nature of the portfolio, but continued to view the share price as overly discounting the challenges. He added that HGEN’s share price was highly volatile and underperforming listed hydrogen peers in the US. |
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