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HRI Herald Investment Trust Plc

2,010.00
-45.00 (-2.19%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Herald Investment Investors - HRI

Herald Investment Investors - HRI

Share Name Share Symbol Market Stock Type
Herald Investment Trust Plc HRI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-45.00 -2.19% 2,010.00 16:35:04
Open Price Low Price High Price Close Price Previous Close
2,055.00 2,020.00 2,055.00 2,010.00 2,055.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 24/12/2020 10:49 by quepassa
With a Brexit agreement all but agreed with the EU, this will implode investor fears over UK political risk. Expecting that 2021 will bring a major return of international investors to the UK.

My expectation for 2021 is that the small/mid-cap sectors will outperform and especially so for media-tech.

ALL IMO. DYOR.
QP
Posted at 04/12/2020 04:50 by quepassa
Post 213 refers.

Now trading just 3% below NAV. - That 20% gaping discount has compressed rapidly.


The new-found size and market capitalisation of Herald which has now surged to £1.3billion will give it A LOT of additional visibility.

You can be certain that this will attract significant institional interest going forward. That will be beneficial to the hitherto large discount-to-NAV.

An investment trust with the gravitas and size/market capitalisation of a massive £1.3 billion is now in a different league and attracts a SIGNIFICANTLY broader, deep-pocketed and more powerful institutional investor base.


ALL IMO. DYOR.
QP
Posted at 17/7/2020 14:02 by spangle93
He's not exactly selling a good case for investment though, is he?

"It is perhaps surprising that the overall returns have been positive when COVID-19 has led to economic havoc, and technology is at the eye of the storm in trade tensions between China and the United States. Share price increases have led to the valuation rating of the portfolio rising from a p/e ratio of 21.4x at the start of the year to one of 25.3x Bloomberg estimates. Furthermore, analysts' forecasts rarely reflect share-based compensation so valuations are really higher than they have been at any time other than the internet bubble of 2000. However, there is no comparison with that period as most investee companies are solidly generating cash. In addition, the challenge for investors in finding value anywhere makes these valuations less unattractive, and it is evident that there is more interest in the TMT sector. The caveat is that the economic outlook remains precarious, and forecasts are more uncertain than usual. "


Compare this with the positivism of SMT's statements
Posted at 11/6/2018 10:46 by quepassa
Potentially stimulate institutional demand for Herald with certain investors having minimum mkt. cap criteria.
Posted at 23/6/2017 12:22 by 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
Posted at 23/6/2017 10:23 by axotyl
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: -
Posted at 22/11/2010 16:43 by amt
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