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I think its a great price for one to lower his/her average price , however i agree thats its a mystery why the sp has fallen so much considering its major exposure in the german hydrogen market.
I thought it was a good time to buy when it dropped back to the IPO price, especially as I had previously sold at the high (luck) due to some short term finance requirements.
The sector must be due lift though.
Not sure the fund is interested in any of the stocks you name (I am in EQT and well down there too but sold AFC close to highs), although I have not really kept an eye here for a while, but moves there could be an indicator of a shift in sentiment.
Good luck whatever you decide
Anyone else thinking this may be a good time to buy/top up HGEN? Discount to NAV now almost 35p.c. and while there are still no fireworks in the H sector the medium term fundamentals still look good and HGEN in particular has good exposure to Germany which is probably one of the stronger major countries trying to develop a green hydrogen economy. Also several of the listed sector seem to have stopped going down and some have bounced - EQT, AFC, CWR etc. Obviously HGEN has its unlisted holdings and their transparency is a concern but we knew that anyway.
Good luck.
I made good profits in AFC but no longer invested there.
I'm well down in EQT currently. Another one for the long term much like here. I think it is an important year for EQT to start closing deals and to deliver
Well now I think of it I'm not sure many are doing any better than HGEN since they started falling. The only one that is storming ahead in recent months seems to be HUI which typically I don't have any of!
FWIW I hold AFC, CWR, EQT, ITM, PHE, PPS & VLS hoping at lest one or two will become huge.
Similar boat.
In since the IPO although I needed to sell due to cash requirements at 117 so did well for a short investment timescale.
Bought back in with double my original investment at 101p, so down and disappointed with performance to date.
This was always meant as a long term hold, so will continue to keep an eye and see what happens.
There has been a loss of momentum in the 'switch' to cleaner energy solutions due to the energy crisis, so not unsurprised with the current situation.
I see no reason to sell at this time
Hi Gyroman
when you say - "I've been in since IPO and after the initial flourish it has been a long steady decline even on days when the rest of my Hydrogen plays are doing well. I guess it might be time to cut my losses here."
Likewise I am down own over 30% here thinking it was a lower risk entry into H plays.
Maybe it is though when you look at Ceres down below £4 and ITM below 90p.
What H plays do you have doing better?
GLA
Agreed, sadly.
Wll share any response with you.
Good luck with getting a reply from the executive. I doubt there are many companies who's executives give even a remote flying one for their PIs.
Hi gyroman,
I totally agree with your comments.
Very dis-appointed.
Whilst, i wasn't expecting the 20% increase in first 6 months.
More importantly the continual decline over last 12 months has been very painful.
I've no idea why that has occurred since Hydrogen is very much of the current time, and elsewhere has been ok in the market.
I've been thinking of writing to the executive of the company, but am only likely to receive a trite response.
Any thoughts on why this is doing so badly?
I've been in since IPO and after the initial flourish it has been a long steady decline even on days when the rest of my Hydrogen plays are doing well. I guess it might be time to cut my losses here.
HydrogenOne Capital Growth plc ("HydrogenOne" or the "Company"), the first LSE-listed investment fund dedicated to clean hydrogen, is pleased to announce that it has signed definitive agreements for an investment of £8.4m (EUR 10m) in Strohm Holding B.V. ("Strohm"). HydrogenOne is investing alongside Strohm's existing investors Shell Ventures, Chevron Technology Ventures and Evonik Venture Capital, in the first close of a funding round totalling £11.8m (EUR 14m). HydrogenOne may also invest up to a further £1.7m (EUR 2m) in the second close of this funding round, which is anticipated to be at least £5.1m (EUR 6m) in aggregate in addition, expected later in 2022.
These types of funds often trade 10-20% below NAV ….
Further thoughts: +ve: general negativity in markets over rest of this year might bring even better buying ops for this. The negativity arises from issues that don't really affect HGEN: earnings worries, recession, etc.. But HGEN might well just go down anyway. -ve: The SP rapidly dropped 9% from the recent IPO price; that makes offerings in the immediate future trickier/infeasible. Still, they got 20m cash for their pipeline.
Their latest update shows they've been pretty busy. Hopefully another one comes soon and we'll see more. @Disc2NAV -2% and Disc 2 latest IPO -9% it looks attractive. Hmm. maybe a little punt.
NAV today almost equal to todays sp !!!
Snap.
Mine was the only from 13, and a cool whole £5!!
They've got some way to go to achieve their objective of 10% growth per annum.
Shame, after such a good start of 20% SP increase in 3 months.
Out of my 15 holdings HGEN was my only blue share today. Up 0.05% (or £3 in real money). Didn’t help me at all, but at least it didn’t fall
Likewise. Slim pickings in the Renewables space. I passed on the GSF.L IPO coz their biz-model seemed uninspiring. +20% later .. it still seems so. I must be missing something.
I really wanted to find something of substance to invest in here but all I found was "and especially given the strong political support" i.e. a company wanting to get a slice of taxpayers money.
HH2E slick website but light on numbers to crunch unless you count the "4 hours of wind and sun per day". No mention of how many mobile phones they plan to charge though.
Mon, 16th May 2022 07:00
RNS Number : 5261L
HydrogenOne Capital Growth PLC
16 May 2022
THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OR SUBSCRIPTION OR SOLICITATION TO PURCHASE SHARES IN ANY JURISDICTION.
16 May 2022
HydrogenOne Capital Growth plc£5 million investment in German green hydrogen developer HH2E
HydrogenOne Capital Growth plc ("HydrogenOne" or the "Company"), is pleased to announce that it has signed definitive agreements for an investment of £5m (EUR 6m) in HH2E AG ("HH2E"). HydrogenOne is investing alongside funds managed by Foresight Group LLP ("Foresight"), as part of a funding round expected to total at least £10m (EUR 12m).
HydrogenOne and Foresight have also signed a framework agreement giving the right to co-invest in HH2E's projects directly. They will provide a substantial part of the development and construction capital covering five large projects. These projects are expected to be at industrial locations across Germany and will cost in excess of €500m to fully develop.
HH2E is a specialist in developing projects to decarbonise industry, using green hydrogen, with associated energy storage and hydrogen power generation facilities with the intention of providing 24/7 clean energy for customers.
With this purchase of a minority equity stake, HydrogenOne and Foresight each have the right to a board seat at HH2E, in addition to the co-investment rights in HH2E's projects noted above.
HH2E has already identified a multi-billion and multi-gigawatt investment potential over several projects in Germany. Over the next few years, the emphasis will be on decarbonising existing industrial sites, but over time, HH2E intends to develop greenfield projects.
The first project HH2E is expecting to launch is likely to be at an industrial site in Germany, where there are plans for a new facility starting up in 2025, supplying on-site industrial customers.
Simon Hogan, Chairman of HydrogenOne said "HH2E is HydrogenOne's second investment into a clean hydrogen developer company. HH2E are identifying substantial clean hydrogen projects in Germany, which offer the potential for significant investment there for our shareholders."
Mark Page, HH2E co-founder and CFO commented "We're delighted to have two substantial institutional investors in the green energy space backing our growth plans. This financing agreement enables a massive acceleration of our development plans and represents a substantial portion of the capital we expect to deploy on sites in the next 5-6 years."
Matt Hammond, Partner at Foresight Group commented "Germany represents an attractive market, given the commitment by its industrial base to decarbonise with green energy, and especially given the strong political support to build a green hydrogen economy. HH2E is well positioned to take a leading role in this market and we are excited to be supporting the company in delivering on this ambition.'
The Company's LEI is 213800PMTT98U879SF45.
https://twitter.com/GioTsivtsivadze/status/1520800255062810626 - The World’s First SOFC Drone Uses Elcogen’s Cells - Elcogen
https://twitter.com/best4hy/status/1522227880834519042 - Last 3rd of May, our partner, Elcogen_EU
participated at the ?????? ?????????????????????????? ???????????????? ???? ?????????????????????? ???????????? ???? ???????? ?????????? ?????? ?????????????????????????? in Corfu, presenting...
https://twitter.com/Elcogen_EU/status/1514194247804760064 - The UK plans to subsidise the production of cleanhydrogen to enable the fuel to compete with more expensive grey hydrogen. Elcogen is already working towards an affordable solution for the production of greenhydrogen.
https://www.youtube.com/watch?v=1ukHP0G-SUA - Where Does Elcogen Come From?
https://www.youtube.com/watch?v=kzL_9M3esM4 - Elcogen - World's most efficient SOFC
https://www.youtube.com/watch?v=gRtsBYEKldI - Interview with Enn O~unpuu, Founder and CEO of Elcogen
Mon, 9th May 2022 07:00
RNS Number : 7036K
HydrogenOne Capital Growth PLC
09 May 2022
THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OR SUBSCRIPTION OR SOLICITATION TO PURCHASE SHARES IN ANY JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
9 May 2022
HydrogenOne Capital Growth plc£20 million investment in leading global solid oxide fuel cell and stack specialist Elcogen
HydrogenOne Capital Growth plc ("HydrogenOne" or the "Company"), is pleased to announce that it has signed definitive agreements for an investment of £20m (EUR 24m) in Elcogen Plc ("Elcogen").
Elcogen's shareholders include Biofuel OÜ, and VNTM Powerfund II, a technology fund focused on clean power. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Elcogen.
Elcogen is a fuel cell and electrolyser company, with distinctive solid oxide technologies, and over 60 established industrial customers world-wide. Elcogen has developed a reversible ceramic technology that can convert hydrogen into emission-free electricity, or electricity into green hydrogen.
Elcogen's solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC) technology can be applied to a broad range of residential, industrial and commercial applications. Solid oxide fuel cells and electrolysers can run with efficiency greater than 80%. Elcogen's core technology is distinguished by it's ability to operate at lower temperatures than competitors, resulting in superior economics and long-life facilities.
Elcogen is planning an expansion of its facilities in Tallinn to create a new, automated production line for solid oxide fuel cells and stacks, initially scaled at 25MW/year, rising to 50MW/year (equivalent to 100MW- 200MW in electrolysis mode).
Simon Hogan, Chairman of HydrogenOne said "There is substantial demand for fuel cells and electrolysers as the clean hydrogen sector continues to grow at rapid pace. We look forward to supporting the company on its growth journey as it expands its solid oxide capacity for customers. HydrogenOne continues to deploy our investors' capital into distinctive and high potential hydrogen assets."
Enn Õunpuu, CEO of Elcogen, commented "We believe the fuel of the future is green hydrogen and our technology is a key enabler in making this transition affordable for everyone. We develop and manufacture the world's most efficient solid oxide technology, allowing our customers and partners to deliver emission-free electricity, green hydrogen and energy storage solutions. This investment from HydrogenOne will enable us to continue to develop our cutting-edge technology, grow our customer base and revenues, and scale production to drive net-zero ambitions forward.''
The Company's LEI is 213800PMTT98U879SF45.
For further information, please visit www.hydrogenonecapitalgrowthplc.com or contact:
https://www.investormeetcompany.com/investor/meeting/full-year-results-22