Herald Investment Share Discussion Threads

[amt] 10/12/2020 07:43

Not necessarily, if the pound plummets due to Brexit news then the NAV should go up considerably

[apple53] 09/12/2020 22:06

My timing might be bad given the sharp fall in the nasdaq - 2% after UK closed.
Hey Ho. Happy to wait.

[amt] 09/12/2020 13:41

That's a huge swing in the last few days with NAV up a little. Maybe got ahead of itself.

[apple53] 09/12/2020 12:03

btw first time poster. Have held for a while but not thought of sharing on here as was a most unmonitored smallish position.
I bought more when Herald didn't close its discount when lots of other trusts did (vaccine rally), and when I realised they were buying back stock.
I sold a little at £22 which was around NAV, but have bought that back too early and more now.
I don't see why a 10-20% discount should be normal for this - I would put Katie more towards the Smithson (2% premium) reputation camp, so I would suggest 0-5% discount should be more normal.
I can't remember if there are buyback rules, but I would hope they would restart repurchases when the discount hits double figures (ie about now!).

[apple53] 09/12/2020 11:56

Price down to around 2010. Looking at LSE volumes lots of tiny trades (maybe that's normal), with the last meaningful trade for £40+k at 2032.
Today's fall is strange - but maybe no stranger than the brief foray to £22 on the 7th. I was going to wait for the NAV to appear but I've taken the view this is a blip and increased my position.

[tiltonboy] 07/12/2020 19:32

They were trading on a discount close to 20% not so long ago. That equates to some performance recently. Just hope it doesn't widen out again.

[spangle93] 07/12/2020 18:01

Just in case the intraday action passed folk, the intraday share price almost touched 2200p

- it was actually trading at a premium for a little while this morning

"Normally" (if there ever is such a thing) it's a discount of 10-15%

[amt] 07/12/2020 10:06

Wow Gone to a substantial premium now.

[amt] 04/12/2020 14:25

Yes agreed, I am inclined to cash in a few to be honest but I am overweight (especially after lockdown lol)

[mike the mechanic] 04/12/2020 11:30

A very consistent performer at NAV level and has a longer term investment view. Warranted a narrower discount, just glad I bought in earlier

[amt] 04/12/2020 09:14

A good turnaround here, the discount is disappearing rapidly.

[quepassa] 04/12/2020 04:50

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

[rambutan2] 03/12/2020 21:55

Long term followers will remember that this did trade at a premium during the tech bubble. You never know...

[robsy2] 03/12/2020 17:13

It's an absolute blast! Amazing to think it was briefly under 10 quid back in the Spring.

[chc15] 03/12/2020 16:57

Yeh nav at 21, mad times.

[dplewis1] 01/12/2020 17:27

20 quid it is then.. and still at a discount

[quepassa] 18/11/2020 12:29

1900p printed.

New all time high.


1st Jan to date - 1470p to 1900p = +30%

A fund which can pull in this stunning performance in such a difficult year deserves to trade on a significantly tighter discount to NAV.

ALL IMO. DYOR.
QP

[amt] 12/11/2020 15:18

The price is up 20 fold since inception in 1994 while the ft index has only doubled. I wish I had invested all my money in Herald at that time and I wouldn't have had to go searching for blockbuster returns with other shares.

[sbs] 10/11/2020 06:51

I would be cautious of China, following the cancelled Ant IPO. There are non-investment factors which are hard to quantify.

[quepassa] 09/11/2020 09:30

I see 1900p on the very near horizon


all imo. dyor.
qp

[quepassa] 05/11/2020 12:32

strong evidence of institutional money flowing into European small-cap sector which will further bolster performance.

i have great respect for herald but i think they are missing a big trick by having a relatively diminutive exposure (9.6%) to Japan & Asia Pacific.

i would welcome seeing a significantly increased exposure to small-cap Far East , especially China. For inspiration, HRI may wish to look at and monitor very carefully the investments contained within the Baillie Gifford China Growth Trust.

if HRI are specialists in mediatech , just how can one explain that they don't have a single Far East tech/media company within their top twenty investments given the recent out-performance in those markets.

all imo. dyor.
qp

[robsy2] 09/10/2020 18:10

Yep, good stuff.

[quepassa] 09/10/2020 17:38

...yet another new all-time-high at 1780p...well done to hri