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Herald Inv. Share Discussion Threads
Showing 51 to 73 of 75 messages
|Agree. Had 284 holdings on Jan 1, reduced to 259 at Sept 30. So 25 gone, just under a 10% reduction.|
|It is definitely a good strategy if the trust can sell out from their large number of holdings the non-performing laggards and use the proceeds to buy back their own shares. This will surely enhance greatly the performance as the likelihood of those laggards to appreciate more than 25% which is what the buyback instantly returns is very low.|
|Has bought back and cancelled 2.38m ords in 2016 up to close today ie approx 3% of shares it started year with. And all at 15-20%+ discount. Nice value add.|
|Good record, good value and I like the buyback which gets £10.5 by paying £8.16, instantly enhancing the value by about 30%.
The only thing I am not so fond of is it has too many holdings, about 260 shares in the portfolio, which maybe too cautious and shows lack of conviction. However as long as it delivers, who cares.|
|There has always been a wide discount on HRI, but this does seem anomalous, given the track record.|
|Why is it that Scottish Oriental trust has same net asset value but the shares are one pound higher. All the money from the ARM sale has to find its way into tech shares so perhaps give a boost to UK tech and help Herald increase its Net Asset value along the way. Discount over 20%|
|I noticed John Baron has sold out today, Not much happening here!|
|Massive discount and yet nav has done very well over the last few months. Seems to have been overlooked by the market|
|HRI back to a very juicy discount on NAV, just bought in. I think Katie Potts knows what she is doing after seeing her at Mello in Derby. Mr Market just offered an interesting entry point. I'll take a steady 8% NAV growth from Katie and let the discount shrink to add some jam on top.|
|20% discount to net assets here. Seems very odd for such a good long term performer.|
|I just saw this and decided to add this piece in case anyone looks in. I do not hold any at present.
|At around 20% discount to NAV, looking interesting?
|Thanks. Good results.
I didn't realise they could purchase their own shares when they were about to release their results. Just shows that you learn something every day!|
|finals are out|
|Some share repurchases today.
It looks like the discount to NAV was near the limit the fund manager was prepared to accept.|
|Primed To Take Off
HERALD: HOT INVESTMENT TRUST PRIMED TO TAKE OFF
By Fiona Hamilton | Mon, 03/09/2012
Herald Investment trust (HRI) invests in smaller companies specialising in technology, communications and multimedia. It boasts the best three- and 10-year portfolio returns in the technology sector, yet it stands on much the widest discount. Its annual fee is modest and it has no performance fee.
Katie Potts, lead manager since launch in 1994, has a large personal stake. She says smaller technology companies have the potential to do well regardless of the economic situation because they are exploiting the emergence of new internet-related activities across a wide spectrum, including cloud computing, software as a service and virtualisation.
Nearly two-thirds of the portfolio is in companies listed in the UK, which she describes as a fertile country for innovation. The US offers a wider choice of companies, but valuations are less appealing, so it accounts for just under a quarter. The rest is in Europe and Asia. Risks are mitigated by investing in more than 200 holdings, including shares in profitable companies with recurring revenues, and more disruptive companies with higher growth potential. Herald remains our aggressive specialist selection.
Here's some links about SCLP, one of the hottest stocks at the moment:
|Also big discount at the moment|
|The dividend doesn't concern me... If a technology company can't invest the cash to beat the bank deposit rate of 0.3%, they aren't a very good tech company!|
|Yes, I'm happy to hold these - just a pity there's no dividend, but that's the nature of Herald's Portfolio I suppose.|
|Bought a few of these: I like the strategic attitude to investments.|
Samsung Galaxy S
Google TV Via Logitech Revue
Toshiba Libretto Dual-Screen Laptop|