Herald Investment Share Discussion Threads

[quepassa] 27/4/2024 20:07

Where on earth do you get your information from weatherman??

1. Herald have a plethora of investments in software companies.

2. You write "They are restricted to only invest in quoted companies" - this is quite incorrect.

They are not restricted in this way. Indeed, Herald invest in both QUOTED and UNQUOTED companies.

You are referred to the Herald website on the link below. See the first sentence of the second paragraph of the section entitled "Remit and Approach"

hXXps://heralduk.com/funds/herald-investment-trust/history-herald-investment-trust-plc/

To name but two UK investments in unquoted companies, Herald show investments in Smoove PLC and Sopheon PLC as at 31/12/23



Please do not misintrepret my earlier comments. I have high regard for Herald but am genuinely surprised that within their extensive portfolio of UK TMT stocks, they did not have DARKTRACE - albeit that DARKTRACE's market capitalization would by now have been a high one for them.

ALL IMO. DYOR.
QP

[weatherman] 27/4/2024 18:47

QP - from the website: "The Herald Investment Trust’s (HIT) objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multimedia and technology (‘TMT’). Investments may be made across the world."

They are restricted to only invest in quoted companies - the lowest price was in February 2023, around 240p, if they had wished to invest.

[quepassa] 27/4/2024 10:32

No.

IPO'd and came to the market at 250p in April 2021.

You are confusing the big jump to 330p on first day of trading with the 250p IPO price.

For pre-ipo investors, it was not x10, it was x50

[weatherman] 27/4/2024 10:18

Dark came to market at 330p, sold at 620p, a good ~x2 result, but not an x10.

[quepassa] 27/4/2024 08:12

you don't understand amt

it's not hindsight. it's foresight I'm talking about.

[amt] 26/4/2024 19:18

Easy with hindsight Que

Supermicro up 8%.

[quepassa] 26/4/2024 08:40

HOW IS IT POSSIBLE THAT THEY MISSED DARKTRACE?

[amt] 20/4/2024 06:18

Big fall in Supermicro of 20% which if Herald are still fully invested in could have knocked about 30p off the NAV

[slicethepie] 08/3/2024 16:19

Nice to see hri move to 6.9% of kromek. Will upset the bb as the collective genii are convinced it's worthless. Fortunately they spend more time writing than thinking!

[amt] 06/3/2024 05:24

Sorry Apple yes I meant they own nearly 10% of Bango which is at rock bottom buy insignificant in their portfolio.
Super Micro ended up a bit despite big US sell off so maybe support the price a bit today

[apple53] 27/2/2024 11:40

From the NAV development, I think they did sell a chunk on the 15th/16th, but obviously there are an awful lot of other (small) moving parts.

[apple53] 27/2/2024 11:30

You may be right about them not buying back what they sold, but some trusts are more nimble than others, and if their target holding for their favourite stock is, say, 5% of NAV.... And I do think there would have been pressure to sell some quite quickly if the holding hit, say, 9%.
You surprised me with Bango but then I realised you meant 10% 'OF' rather than 'IN'! Interesting - I'd not heard of it. Thanks for the lead.

[amt] 22/2/2024 20:39

I am sure they wouldn't buy back if they sold some. I expect they will take profits now and again.
I see they have nearly 10% in Bango which is my best hope of making a big return. They have had a blip but I wonder if Herald will step in and buy a few more at a bargain price.

[apple53] 22/2/2024 20:24

SMCI up another 10% since uk close.
Key question is how much did they sell on the last spike, and even did they have guts to buy some back when down a third within a few days. I noticed on the initial doubling from end Nov to end Jan they had sold about 20% of their position. They probably don't like any stock having a near 10% weighting given normal holding size.

[amt] 22/2/2024 20:13

Super Micro ended up over 30% so should go through 2,100 tomorrow. What a fabulous IT this is when UK shares in general are doing so badly. I wish I had put all my money in it and not bothered investing in individual shares.

[robsy2] 22/2/2024 15:56

Results out as well. The chairmans report makes a good read.

[amt] 22/2/2024 15:37

SuperMicro up 20% today, must be worth 40p on the NAV

[mozy123] 19/2/2024 11:45

Saba Capital buying some more.

[amt] 16/2/2024 07:32

SM up another 14% incredible.
Up ten fold in a year.
Well done Herald for spotting this.
What a great IT this is.
No other like it

[amt] 15/2/2024 18:08

Super Micro up another 10% or about 16p added to NAV

[beangrinder] 15/2/2024 16:37

Still sitting at large discount to NAV though.

[amt] 15/2/2024 08:49

Super Micro computer their largest holding trebled since start of year and will be nearly 10% of nav now unless they offloaded. They have a stake in Bango which is recovering after an unjustified sell off.

[robsy2] 09/2/2024 17:44

Very strong run since Nov, now up 25% + and at a 2 year high. Very encouraging.