Herald Investment Share Discussion Threads

[bitgold] 15/12/2024 06:46

I’ve exited completely now. Discount has disappeared and biggest holding, Super Micro is about to be removed from the Nasdaq and the sp500.

Maybe expanding into the US wasn’t such a good idea and some cash should be returned to shareholders?

[bitgold] 02/12/2024 17:05

super micro up 30% so far today. No wonder HRI went up a lot towards the end of session. Be interesting to see the NAV tomorrow.

[bitgold] 28/11/2024 13:17

Can't argue with what Katie Potts has achieved here over the years and I believe looking outside the UK is a good move, but I trimmed a bit here. By my calculation, tomorrow's discount may be below 5%.

[quepassa] 28/11/2024 09:51

Another interesting point is the evolution of geographic weightings of Herald over 5 years.

In round figures, Herald has reduced from being more than 50% UK five years ago to just over a third UK nowadays.

Herald's North America percentage exposure has on the contrary icreased significantly and is now fast approaching its UK exposure.

It is good to see Herald increasingly using their small-cap expertise to capture the buoyant overseas markets.


Geographical weightings:-

October 2024:-

UK- 37%
North America - 31%
EMEA - 11%
Asia - 11.6%

Five years ago June 2019:-

UK - 52%
North America 24%
EMEA 5.4%
Asia - 5.9%


ALL IMO. DYOR.
QP

[bitgold] 28/11/2024 09:47

Certainly something interesting happening here. People seem very keen on tech and crypto again, after Donald Trump called himself the crypto president and put Musk in place to do for the government what he did for Twitter.

I'm watching if the discount goes really low. I remember the days of £5 and 25%+ discounts, that can happen again.

[quepassa] 28/11/2024 06:53

It's happening.

Just in last month

The Discount-to-NAV balloon is fast deflating:-


Price 29/10/24 2100p NAV 2360p DIFFERENCE 260p DISCOUNT 11%

Price 28/11/24 2335p NAV 2485p DIFFERENCE 150p DISCOUNT 6.1%


Put another way. Over last month:-

Price has increased 10.7%
NAV has increased 5.3%



This is the result of the kicker when the portfolio increases in value combined with the DISCOUNT being rapidly compressed.


This is a good sign.

Share Buybacks are having the desired impact plus market fast waking up again to attractions of Herald and the small-cap media-Tech sector.


ALL IMO. DYOR.
QP

[robsy2] 19/11/2024 08:23

😁🤞🏼

[amt] 19/11/2024 07:58

Supermicro up 60%
Let's hope they ignored my advice and kept it

[amt] 06/11/2024 19:37

Let's hope they were sensible and dumped all their Supermicro shares and bought something like Bango

[amt] 30/10/2024 13:57

Supermicro share price collapsed after Auditor resigned. Let's hope Herald dumped their holding

[amt] 08/10/2024 07:16

Supermicro up 15% yesterday after sharp decline. Not sure how many they still have.

[bitgold] 16/9/2024 19:04

I still like this trust, although i liked it more when it was on a 20%+ discount and the shares were under 500p. For the moment i see it more as a technology exposure hold, with the chance one of the holdings might deliver something amazing.

[spangle93] 26/8/2024 08:36

HRI included in this article



Herald has a unique proposition. It is not quite a smaller companies trust and not quite a technology trust, but a powerful blend of both. It is neither solely UK, nor fully global, but brings together a portfolio of idiosyncratic technology companies at the forefront of innovation in their respective fields....
[and more]

[spangle93] 24/7/2024 07:28

Bit damning for the UK investment environment.

I bought this stock when it was complementary to all the tech funds/ITs that predominantly focus on North America, but over time the UK portion continues to decline.

[robsy2] 24/7/2024 06:16

Excellent results. Chairmans statement reads well.

[amt] 13/6/2024 17:06

Supermicro up a lot this evening

[spangle93] 15/5/2024 22:21

New high since the early days of 2022

[amt] 15/5/2024 19:28

Supermicro up 14% this evening

[quepassa] 30/4/2024 07:28

yawn yawn yawn.

[amt] 30/4/2024 07:16

QP so did you make a fortune with Mike Lynch Darktrace company. Remember he sold a lot of his shares and he started the company. So as I say easy in hindsight.
Great they spotted SuperMicro absolute genius investment.

[verulamium] 28/4/2024 11:00

Isn't it quoted companies in HIT, unquoted in their Ventures funds? Though they claim to hold ZOO Digital in both, so that demarcation can't entirely hold.

[weatherman] 28/4/2024 08:00

QP from here:

Although I accept the statements on the website are equivocal.

[quepassa] 27/4/2024 19:07

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 17:47

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 09:32

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