Herald Investment Dividends - HRI

Herald Investment Dividends - HRI

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Herald Investment Trust Plc HRI London Ordinary Share GB0004228648 ORD 25P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.00 0.0% 1,580.00 0.00 0.00 0.00 1,580.00 01:00:00
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Industry Sector

Herald Investment HRI Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

quepassa: To put Friday's 15.5% Discount-to-NAV and share price of 1426p into clear perspective. Three months ago around 6th. February, HRI achieved an all-time-high share price of 1530p with a NAV of 1722p - just 32p higher than the latest NAV on Friday of 1690p. However the Discount-to-NAV in early February was 11.2% by comparison with the current (and still bloated) Discount of 15.5%. If we applied February's 11.2% Discount-to-NAV to this Friday's NAV of 1690p, it would dictate a share price of 1500p compared to Friday's close of 1426p. In my opinion, the share price is still a bargain at this discount level and not yet fully up with events at a time when many other leading Investment Trust NAV's have already narrowed back down to pre-Covid-crisis levels. ALL IMO. DYOR. QP.
weatherman: While the NAV has gone to 1656p, the share price has come back to 1458p - thus returning to ~200p below NAV (~12% below).
quepassa: The small-cap sector is generally a little under the cosh at the moment - and the Woodford affair is a major contributor to negative sector sentiment- but the quality and resilience of Herald continues to shine through and impress. Just how wise to have a truly diversified portfolio with no oversize investments in illiquid holdings. When you consider that NAV is 1563p versus a current share price of 1295, the discount of 20% leaves a lot of room for compression and the share looks attractive. ALL IMO. DYOR QP
quepassa: Great half year figures from 31Dec 2017. A stunning uplift in NAV of +9.6% against a tough UK market whereas the benchmark Numis smallcap/Aim index produced a negative return of -1.7%. This is great/astonishing outperformance. Although it must be admitted that Herald underperformed against the Russell 2000 smallcap Tech index by a smidgeon which returned +15.6%. - Food for thought perhaps for the fund managers about their country weightings. The Herald share price has increased a highly satisfactory 14.9% over same period. Great set of half-year results. Total net assets now confirmed as having surpassed the £1billion mark at £1.046bn. Onwards and upwards for Herald. ALL IMO. DYOR. QP ALL IMO. DYOR. QP
garth: NAV continuing to rise, discount growing, share price starting to trend sidewise having broken out of its seemingly inexorable rise. Concerns about the wider market looking toppy? G.
anley: YES I am in these and have been for many months. Miton and Herald with one VRS director now control 28% of VRS and I don't have to tell you what has happened to the share price of VRS in 2017.
quepassa: Switched out of Scottish Mortgage earlier this year after a great run and into HRI. Glad I did. The more I look at this fund, the more I respect it. With a NAV of 1309p versus a share price of 1115p, this looks like a bargain to me and the 15% discount to NAV still looks far too wide in my opinion. This Trust should outperform in my view. ALL IMO. DYOR. QP
quepassa: 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
axotyl: 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.
mac: NAV 416p still on the up, but profit taking hitting the share price. Which leads the way I wonder? Agree whole heartedly with you Foster
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