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About the company
Harmony Energy Income Trust plc is a United Kingdom-based investment company. The Company’s principal activity is to invest in commercial scale battery energy storage and renewable energy generation projects, with an initial focus on a portfolio of utility scale battery energy storage systems (BESS), located in diverse locations across Great Britain. Its investment objective is to provide an attractive and sustainable level of income returns, with the potential for capital growth, by investing in commercial-scale energy storage and renewable energy generation projects, with an initial focus on a diversified portfolio of BESS located in Great Britain. The Company may invest in operational, under-construction or shovel-ready projects, and may also provide development finance to pipeline projects. It owns the Pillswood project with a capacity of 98 megawatts (MW) / 196 megawatt hours (MWh). It also owns the Bumpers Project with a capacity of 99 MW/198 MWh, located in Buckinghamshire.
- Revenue in GBP (TTM)6.61m
- Net income in GBP3.14m
- Incorporated2021
- Employees--
- LocationHarmony Energy Income Trust PLCThe Scalpel, 18th Floor, 52 Lime StreetLONDON EC3M 7AFUnited KingdomGBR
- Websitehttps://www.heitp.co.uk/
Profile
Management group(s) | Harmony Energy Advisors Limited |
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AIC sector | Renewable Energy Infrastructure |
ISIN | GB00BLNNFY18 |
Launch date | 09 Nov 2021 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | GBP |
Objective
To provide investors with an attractive and sustainable level of income returns, with the potential for capital growth, by investing in commercial scale energy storage and renewable energy generation projects, with an initial focus on a diversified portfolio of battery energy storage systems located in Great Britain.
Managed by
Paul Mason, Max Slade, Peter Kavanagh, James Ritchie |
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Management & contract fees
The Investment Adviser is entitled to a fee of (a) one twelfth of 0.9% per calendar month of the lesser of the (i) NAV or (ii) Average Market Capitalisation of the Company up to the threshold of £250,000,000 and (b) one twelfth of 0.8% per calendar month of the lesser of the (i) NAV or (ii) Average Market Capitalisation of the Company in excess of GBP 250m. The AIFM has appointed the Investment Adviser for an initial period of two years and thereafter the Investment Advisory Agreement is terminable on six months’ notice by the Company and twelve months’ notice by the Investment Adviser (or on immediate notice in certain customary circumstances).
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
VietNam Holding Ltd | 20.31m | 17.39m | 104.43m | 0.00 | 6.16 | 1.08 | -- | 5.14 | 0.6209 | 0.6209 | 0.727 | 3.53 | 0.2251 | -- | -- | -- | 19.28 | 5.26 | 19.41 | 5.31 | 91.81 | 77.11 | 85.65 | 67.05 | -- | -- | 0.00 | 0.00 | -49.40 | -- | -11.70 | -- | -- | -- |
Income and Growth VCT PLC | 8.63m | 5.49m | 106.30m | 0.00 | 19.57 | 0.8635 | -- | 12.32 | 0.035 | 0.035 | 0.0575 | 0.7933 | 0.0744 | -- | 14.63 | -- | 4.73 | 10.68 | 4.75 | 10.73 | 70.62 | 82.17 | 63.57 | 78.41 | -- | -- | 0.00 | 80.25 | 207.47 | 12.55 | 148.96 | 16.04 | -- | 12.89 |
Kings Arms Yard VCT PLC | 4.80m | 2.14m | 110.32m | 0.00 | 45.54 | 0.9522 | -- | 22.96 | 0.0043 | 0.0043 | 0.0093 | 0.2038 | 0.0456 | -- | 2.63 | -- | 2.03 | 5.22 | 2.04 | 5.27 | 54.12 | 71.40 | 44.46 | 65.70 | -- | -- | 0.00 | 147.51 | 44.87 | -12.71 | 194.21 | -21.55 | -- | -2.64 |
Blackrock Latin Amercn Invstmnt Trst PLC | 44.60m | 42.00m | 114.19m | 0.00 | 2.72 | 0.7653 | -- | 2.56 | 1.43 | 1.43 | 1.51 | 5.07 | 0.3211 | -- | -- | -- | 30.24 | 3.50 | 31.61 | 3.77 | 96.83 | 81.16 | 94.18 | 73.66 | -- | -- | 0.0138 | 132.38 | 242.95 | -- | 290.70 | -- | -- | 30.99 |
Harmony Energy Income Trust PLC | 6.61m | 3.14m | 114.70m | -- | 32.71 | 0.4297 | -- | 17.35 | 0.0154 | 0.0154 | 0.0297 | 1.18 | 0.0249 | -- | 5.03 | -- | 1.18 | -- | 1.22 | -- | -- | -- | 47.43 | -- | -- | -- | 0.00 | -- | -87.37 | -- | -93.51 | -- | -- | -- |
Middlefield Canadian Income PCC | 2.99m | -1.66m | 115.54m | 0.00 | -- | 1.45 | -- | 38.58 | -0.0156 | -0.0156 | 0.0281 | 1.22 | 0.0189 | -- | 4.85 | -- | -1.05 | 7.06 | -1.25 | 8.63 | 66.69 | 92.23 | -55.41 | 75.34 | -- | 0.7975 | 0.1443 | 49.99 | 325.82 | -- | 54.17 | -- | -- | 0.4855 |
Trident Royalties PLC | 7.49m | 1.88m | 115.69m | 6.00 | 60.91 | 1.35 | -- | 15.45 | 0.0065 | 0.0065 | 0.0257 | 0.2917 | 0.064 | -- | 0.9425 | 1,247,997.00 | 1.61 | -- | 1.70 | -- | 43.65 | -- | 25.12 | -- | -- | -0.5473 | 0.2101 | -- | 21.29 | -- | 164.93 | -- | -- | -- |
Northern Venture Trust plc | 5.88m | 3.17m | 116.55m | 0.00 | 31.10 | 0.9372 | -- | 19.82 | 0.0185 | 0.0185 | 0.0346 | 0.6135 | 0.0552 | -- | 28.54 | -- | 2.98 | -- | 2.98 | -- | 64.70 | -- | 53.95 | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
Artemis Alpha Trust PLC | 8.39m | 5.98m | 120.06m | 0.00 | 20.90 | 1.12 | -- | 14.30 | 0.1756 | 0.1756 | 0.2548 | 3.27 | 0.0751 | -- | 7.40 | -- | 5.35 | 0.0495 | 5.68 | 0.0514 | 78.04 | 40.81 | 71.27 | 4.00 | -- | -- | 0.00 | 2,786.65 | 107.72 | -30.42 | 102.18 | -44.12 | -- | 5.47 |
Weiss Korea Opportunity Fund Ltd | -2.31m | -6.45m | 121.21m | 0.00 | -- | 1.04 | -- | -- | -0.0931 | -0.0931 | -0.0334 | 1.69 | -0.0186 | -- | -- | -- | -5.19 | 6.27 | -5.24 | 6.34 | -- | -- | -- | 65.97 | -- | -- | -- | 40.37 | 92.35 | -- | 81.60 | -- | -- | 4.71 |
Molten Ventures VCT PLC | -266.00k | -2.46m | 121.37m | 0.00 | -- | 0.9011 | -- | -- | -0.0099 | -0.0099 | -0.0013 | 0.4994 | -0.0024 | -- | -- | -- | -2.22 | 4.61 | -2.23 | 4.63 | -- | 71.86 | -- | 63.11 | -- | -- | 0.00 | 108.39 | -123.99 | -- | -141.08 | -- | -- | -- |
Foresight Sustainable Forestry Cmpny PLC | -8.67m | -11.34m | 121.64m | 0.00 | -- | 0.7187 | -- | -- | -0.0659 | -0.0659 | -0.0504 | 0.9837 | -0.0494 | -- | -- | -- | -6.45 | -- | -6.48 | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -178.68 | -- | -229.03 | -- | -- | -- |
Amati AIM VCT PLC | -41.59m | -44.82m | 123.12m | 0.00 | -- | 0.8711 | -- | -- | -0.297 | -0.297 | -0.2757 | 0.9471 | -0.2402 | -- | -- | -- | -25.88 | -4.44 | -26.03 | -4.47 | -- | -- | -- | -- | -- | -- | 0.00 | -- | 22.90 | -- | 23.05 | -- | -- | -7.79 |
Rights and Issues Investment Trust PLC | 4.89m | 3.59m | 123.88m | 0.00 | 37.93 | 0.9927 | -- | 25.33 | 0.6116 | 0.6116 | 0.8353 | 23.37 | 0.0359 | -- | 8.76 | -- | 2.64 | 2.85 | 2.64 | 2.86 | 86.30 | -- | 73.50 | 81.64 | -- | -- | -- | 50.30 | 109.21 | -- | 106.63 | -- | -- | 6.42 |
VPC Specialty Lending Investments PLC | -10.18m | -25.83m | 124.81m | 0.00 | -- | 0.5544 | -- | -- | -0.0928 | -0.0928 | -0.0366 | 0.8091 | -0.0317 | -- | -- | -- | -8.04 | 3.85 | -8.04 | 3.91 | -- | 76.32 | -- | 41.46 | -- | -2.64 | 0.1445 | 158.52 | -259.48 | -- | -16.73 | -- | -- | 0.00 |
Northern 3 VCT PLC | 5.86m | 3.16m | 125.79m | 0.00 | 33.79 | 0.9391 | -- | 21.46 | 0.025 | 0.025 | 0.0462 | 0.8998 | 0.0506 | -- | 25.71 | -- | 2.73 | 5.99 | 2.73 | 6.11 | 63.92 | 73.73 | 53.94 | 68.91 | -- | -- | 0.00 | 98.17 | -76.15 | 20.15 | -1,552.94 | -- | -- | -3.93 |
Holder | Shares | % Held |
---|---|---|
Schroder & Co. Ltd.as of 24 Jan 2024 | 40.56m | 17.86% |
Close Asset Management Ltd.as of 22 Feb 2023 | 20.82m | 9.17% |
EQ Investors Ltd.as of 22 Feb 2023 | 12.41m | 5.47% |
PrimeStone Capital LLPas of 08 Mar 2024 | 11.80m | 5.20% |
Premier Fund Managers Ltd.as of 09 Feb 2024 | 11.46m | 5.05% |
Newton Investment Management Ltd.as of 22 Feb 2023 | 10.48m | 4.61% |
Walker Crips Investment Management Ltd. (Invt Mgmt)as of 22 Feb 2023 | 10.45m | 4.60% |
Handelsbanken Wealth & Asset Management Ltd.as of 12 Feb 2024 | 9.96m | 4.39% |
Waverton Investment Management Ltd.as of 22 Feb 2023 | 7.38m | 3.25% |
Schroder Investment Management Ltd.as of 30 Jun 2023 | 6.81m | 3.00% |