Harmony Energy Share Price (HEIT)

Too much tension on the line. Did they really think that Foresight and Drax would allow themselves to be sheepdogged into an auction?

Now what would I do next if I were Foresight..?

Oops. That should read 'BOUGHT 5 MILLION HEIT". Apologies for understating the disaster.

" . . . How I loves ya! How I loves ya!" Sung loudly to the tune of "My Dear Old Swanee" is the ballad of the moment, especially for the poor clown who wandered into the arms of the market makers earlier today and BOUGHT 500,000 Heit at 97.5p.

Tomorrow morning, he'll be greeted warmly by the same MM's, who'll help him crystallise a cash loss of a mere £250,000 in less than 24 hours, when he sells them back at Foresight's price (if he's lucky).

Oops, there goes someone's 2025 bonus, straight down the Swanee. Courtesy of Dax bottling it at the last minute.

That does really put a long of emphasis on the NAV being accurate? Who's curves are they using, how much did the batteries cost them to build? At 2023 purchase prices todays revenues are not enough to justify the NAV levels at where they are. If that was true then GRID and GSF would be trading at similar levels to this stock, or is that what they need announcements that buyers would buy these assets at the NAV price - whether it's executable or not who knows.

Was tempted to sell out and put cash into another winddown/takeover target, glad I did not.