Share Name Share Symbol Market Type Share ISIN Share Description
Herald Investment Trust LSE:HRI London Ordinary Share GB0004228648 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1,070.00p 1,065.00p 1,079.00p - - - 2,586 08:00:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 9.5 0.7 0.6 1,844.8 775.98

Herald Investment Trust Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
25/7/2017
10:18
It has a lot of the right stocks in the top 10 - PEGA (US), BANGO, IQE etc.
nimbo1
24/7/2017
17:09
Going very well today in an otherwise down market. QP
quepassa
21/7/2017
13:11
Good point. Inclusion into the FTSE250 will give a big boost. QP
quepassa
21/7/2017
12:37
with a market cap of £736 million herald isn't far off making it into the ftse 250. JP Morgan indian trust is ftse 250 with a market cap of 785... so it only seems like a matter of time until we get there - that may decrease the discount...
nimbo1
21/7/2017
10:08
It is astonishing that Tech sector supremo and Big Brother, Scottish Mortgage Investment Trust is trading at a PREMIUM when Herald with a European focus and smaller cap thesis trades at such a big discount. ALL IMO. DYOR. QP
quepassa
20/7/2017
18:07
The trust has a large sum of cash on its account (about 10% at £70 m). It is great that the manager to use it to buy back shares. Every share bought back will increase the NAV by £2. SO today's buy back of 0.25 million shares will add £0.5 M to the NAV attributable to shareholders.
riskvsreward
20/7/2017
13:45
Wow. Great performance on those two. Agree with your comments. Thanks. QP
quepassa
20/7/2017
13:31
IQE up c.20% today on v positive outlook. Bango almost done 100% since early june. Vehicles like this are the only way to be in most of the winners in a small way imo.
nimbo1
20/7/2017
13:07
nimbo, interesting can you please elaborate on their share price movements as I don't have a chance to check them. Thanks. QP
quepassa
20/7/2017
12:27
look at IQE and Bango over last few days - both top ten holdings!
nimbo1
20/7/2017
10:25
18% discount. Still much too big for a phenominal record.
amt
20/7/2017
10:14
JPMorgan Europe Smaller Investment Trust trades on a 7% discount Chelverton Smaller Companies IT trades on a 1% discount Herald trades on a 22% discount. Such an inordinately large discount just doesn't make sense, is not warranted and this is overdue for a major reduction in discount-to-nav a likely factor is that they do not promote themselves well enough but performance is impressive recently and over the long term. ALL IMO. DYOR. QP
quepassa
19/7/2017
13:56
What an ASTONISHING 6 months Performance and a strong and buoyant outlook. The fund increased its NAV by a whopping 14% in six months since December In my opinion, when funds are flowing into Europe at such a great rate of knots, the massive discount to NAV of 22% looks grossly over-done and under-appreciated by the market. This is a major bargain in my view. At a time when the discounts on so many trusts have narrowed dramatically, it appears to me that Herald is overdue for correction and it would not surprise me if the discount-to-NAV halves or more in very short order. ALL IMO. DYOR. QP
quepassa
18/7/2017
08:55
The fund is structured to yield a small dividend which is sufficient to pay management fees.
bukko
13/7/2017
11:51
could be a breakout coming here. should probably be on a sub 10% discount anyway.
nimbo1
23/6/2017
12:41
Thanks, QP, some research and reading to do.... I've found HL's website useful, and presentation succinct: Https://goo.gl/LdvTjm
axotyl
23/6/2017
12:22
It's just the focus of their investment portfolio. they are set up to specialise in smaller-cap tech stocks and generally the companies in that sector pay very limited dividends and are much more growth orientated rather than dividend-paying. whereas a trust on the FTSE 100 would comprise companies like RDSB, Voda and Insurance companies which pay high dividends but are generally low growth. you wouldn't expect a high divi from HRI but you would hope for big growth amongst their portfolio companies. no dividends are pocketed by the trust. however, all investment trusts take management fees. that's how they make their money. that's why they do it. they are money managers who take a management fee for their services and expertise. A 1% annual fee is not a particularly high one as some Trusts can charge 2%, and a limited few charge less than 1%. They take their ongoing fees and charges out of cash flow - whether from dividend monies the Trust receives or proceeds on sales of investments. it doesn't really impact share price. it impacts more performance. A trust which makes a TOTAL ANNUAL RETURN (divi's plus growth in value of portfolio) of 5% and takes a management fee of 1% leaves investors with a return of 4%. Obviously a Trust which levies annual fees of 2% would leave investors with 3%. Yes, of course, low fees and excellent performance are great but you need to find them and do your own research. have a good look Herald's useful investor website which tells you all about them and how they operate. Under the rubric "Funds" , click on Investment Trust and also look at their Monthly Fact Sheets hXXps://www.heralduk.com/ ALL IMO. DYOR. QP
quepassa
23/6/2017
12:02
That's really useful, QP. (Just added the NAV/Price charts: Https://goo.gl/vHt5ee ) So, next question, if you can bear it, is why the paltry HRI dividend? I realise that dividends with smallcap companies can be negligible or with investment trusts are any dividends just pocketed by the trust? Also, they take a management charge of 1% of net assets. How is that extracted, and does it affect the share price? I'm not complaining. I just want to understand the background. I guess I can get on the 'phone and ask them.
axotyl
23/6/2017
11:20
Look at this FASCINATING article from two days ago by highly regarded MONEY OBSERVER magazine. Two things. 1. It gives the top ten Investment Trusts where discounts have narrowed over just six months. Some of these are amazing. For example StanLife Equity Income has gone from 10.3% discount to 2.3% discount. 2. More importantly perhaps , this same article specifically highlights HRI as particularly being in bargain territory and looking cheap, in Kyle Caldwell's fascinating and not-to-be-missed "Bargain Hunter" columns. hXXp://www.moneyobserver.com/our-analysis/investment-trust-bargain-hunter-three-cheap-specialist-trusts-wide-discounts ALL IMO. DYOR. QP
quepassa
23/6/2017
11:07
This is another Trust I invested in less than two years ago. JPMorgan Smaller European. -JESC The discount narrowed from almost 20% to 10% now. Read the following Edison Research and look at the graphs on JESC hXXp://www.edisoninvestmentresearch.com/research/report/jpmorgan-european-smaller-cos4/full Whilst the small-cap Tech sector is volatile, HRI are extremely well-spread by sector and by geography. Their wide discount-to-NAV appears to me to be out of line with their NAV by far too wide a margin, especially at a time when major money flows are going into Europe where HRI have big exposure. ALL IMO. DYOR. QP
quepassa
23/6/2017
10:51
because the discount to NAV fluctuates. in the case of HRI, the current discount-to-NAV is particularly wide by historic measures at the moment and has the possibility to narrow. many Investment Trust discounts-to-NAV have been narrowing of late. I have bought some specialist trusts in the last 2 years with a 25% discount-to-NAV which have subsequently narrowed to 5%. This can be highly attractive when you get your timing right.. So you can get the underlying (hopefully increasing) performance of the Trust combined with the added kicker a narrowing discount to NAV. ALL IMO. DYOR. QP
quepassa
23/6/2017
10:23
Looking at previous performance, this looks a no-brainer. QP, apologies for my ignorance, I can see there's a wide discount to NAV, but how does this affect the investor? There're negligible dividend(s)so we're looking at capital appreciation - why is discount (or premium)to NAV relevant? HRI NAV/Price: - Https://goo.gl/vHt5ee
axotyl
22/6/2017
16:14
Have taken good size. Unusually wide discount-to-Nav. Especially for such a relatively large and liquid fund of some £900million. ALL IMO. DYOR. QP
quepassa
24/3/2017
10:09
Strange how one of top performing investment trust is at a 19% discount when the average discount in sector has fallen. Anyway fabulous performance since 2008 and since Brexit stupendous.
amt
13/10/2016
03:08
Agree. Had 284 holdings on Jan 1, reduced to 259 at Sept 30. So 25 gone, just under a 10% reduction.
rambutan2
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