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HGEN has attracted more and more investors. Look at daily trades and how they’ve picked up. The Hydrogen Economy is here to stay and will gain traction as investors/business move away from fossil into this ever expanding sector.
Sir Jim Ratcliffe has invested 25M (from memory)in hydrogenone and recently Ineos financial director was elected as a non executive director on the hydrogen 1 board, I am sure we will be involved into Ineos expansion plans in some form.
One hand washes the other! The future of hydrogen seems unstoppable.
Hopefully if HGEN builds stakes in unllsted companies with proven technology and they scale up to viable commercial operations then Ineos will be looking to get involved too. The HGEN model of buying into non listed companies means they need an exit route in due course, which is usually listing or fresh investors coming in. Almost all the big names in energy have hydrogen in their future pans; it;s a question of finding winners in the new H companies and realising their value in a reasonable timescale. It's a pity (and strange) the IPO was so undersubscribed - 250m would have spread the risk a lot thinner if HGEN is investing in 20m clips.
https://uk.finance.yahoo.com/news/ineos-invest-2-3-billion-230932650.html
Not sure how this will impact HGEN
Thanks for your responses.
I was pleasantly surprised with a near 15% up-lift so quickly, given the under par IPO.
So, back where we were now.
I still think the market doesn't like the specific appointment, although it was known that an appointment would be made.
I've written to IR for a brief update and funds usage since IPO.
Will share any response.
There is a general market sell off at the moment, so I think that is hitting most funds. A number of my funds are down 5-10%+ in the last week. I think it would be useful to get an update on the deployment of initial capital. Regarding the appointment of the Ineos guy as a NED it is hardly a surprise given the size of their stake. in my mind, this gives Ineos greater visibility on the individual holdings in the portfolio and an opportunity to swoop in and buy them...
At the time of the IPO there was a lot about hydrogen in the media, perhaps a lot of speculators bought in hoping for a quick profit. I bought this as a long term gamble, I'm confident that hydrogen will become an important part of the clean energy mix but not for some time, at least 5 years. Probably going to be a bumpy ride until then.
Maybe more people realised that the SP significantly exceeds the NAV!
Hmmmmm.
An Ineos guy gets appointed, and SP drops 5%.
Co-incidence?
I think not.
I presume that, although an appointment was expected, this appointment is perceived as detrimental to the company being able to operate, as was anticipated.
The usual ball and chain board appointment from a large investor?
His name may be Mr. Bell. However it is hardly ding dong for the SP.
I will write to IR and get the company's official take on it. Although i'll just receive the standard polite response, i expect.
Any other thoughts, out there?
The Board of HydrogenOne Capital Growth plc (the "Company") is pleased to announce the appointment of Mr Roger Bell, as Non-executive Director of the Company with immediate effect. Roger is currently Chief Financial Officer of the INEOS Oil and Gas group of companies and has been nominated as the Board representative of INEOS UK E&P Holdings Limited ("INEOS Energy") pursuant to the relationship and co-investment agreement entered into between, inter alia, INEOS Energy and the Company at launch.
you have a director change rns not showing here
have they invested any of the £100M yet?
or could there be a cash raise coming and the info has already leaked ?
Good information
At one point these were around 18% up on NAV. I wonder what they will settle at when the initial excitement has waned.
Dont think ive ever seen a complete page of buys, ok not massive volume, but hey ho. Onwards and upwards
Just posted on the AFC site that Jo Bamford of JCB fame has launched a £200m fund for UK based Hydrogen generating/supporting investment. The more the merrier.
@bbrinkw - "Are people mistakenly using capital gains as yields?
I am sure company hasn't indicated any such thing as a 15% yield.
Revenue will be held back to build the company, I envisage only a small yield."
Yes
It hasn't - IIRC it said looking at 10-15% total return
They said as much in the prospectus - they don't expect to issue divi's, but will retain any remittances from holdings for further growth.
I am saying where are 15 & 7.5% yields are coming from?
Are people mistakenly using capital gains as yields?
I am sure company hasn't indicated any such thing as a 15% yield.
Revenue will be held back to build the company, I envisage only a small yield.
I believe that Brink is pointing out that a 15% yield would be halved if the market Cap doubled, but that many long term investors may see a 7.5% yield as acceptable so be happy to push the cap there assuming the yield is delivered.
200p in two years equals to 7.5% yield ?????
"Incidentally, if you do end up with say a 15% return pa in the future then on float price of 100p thats a heafty yield of 15% and accordingly I personally believe that sometime in the next couple of years we could see the price at 200p which would still equate to a 7.5% yield. "
The 7.5% will be a capital gain. The CG of 10-15% to be over the medium to long term. Company revenues will be reinvested for accretive growth, so the actual yield will be small.
Interesting price since IPO, too!!
Interesting opening price today.