Herald Investment Share Discussion Threads

[quepassa] 27/2/2018 15:41

Fantastic recovery to 1220p from the late January market correction which saw HRI fall to 1100p.

I believe that today marks a new All-time-high.

however with a NAV of 1375p, the discount-to-NAv of 11% makes this Investment Trust a real bargain, especially considering its outstanding pedigree, track-record and excellent stock-picking.


ALL IMO. DYOR.
QP

[robsy2] 21/2/2018 07:43

The annual report is an excellent read. The fund is well run and a long-term hold for me and the discount is quite an opportunity in itself.
This is a hot, focussed fund that looks and finds opportunity on a global scale.
R2

[amt] 15/1/2018 08:18

The phenominal rise of Versarian and Zoo should help a bit here.

[shavian] 12/1/2018 08:34

Probably more due to biggest holding IQE being hammered by shorters on the back of unrelated bad news in semiconductor sector. Great time to top up on HRI and IQE imo. Also VRS due another surge as the market wakes up to little gem.

[garth] 10/1/2018 17:54

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.

[amt] 08/1/2018 07:46

Why is the discount so large at 15% Some ITs are at a premium and given the fantastic performance I am surprised this isnt at a premium.

They have a great record of discovering small companies with huge growth opportunities Zoo and VRS being recent examples.

[anley] 05/12/2017 17:23

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.

[garth] 05/12/2017 08:32

Anley,

Miton Smaller companies?

G.

[tiltonboy] 04/12/2017 11:54

anley,

HRI publish NAV daily.

[anley] 04/12/2017 11:28

You will have to wait until the next time they publish portfolio figures.

Nevertheless the 5% VRS stake which Herald bought for 15/18p per share have risen to 80p this morning.

Miton were the other trust which bought a 10% stake at the same time.

[tiltonboy] 01/12/2017 22:29

anley,

VRS doesn't feature in the top 20 holdings of HRI, and is insignificant in the scheme of things. It might add a few coppers to NAV at best.

[anley] 01/12/2017 15:45

This trust owns 5% of the best performing AIM company called Versarien (VRS) so when the next NAV calculation is made it will show a good uplift just based on this one company.

In any case the shares are always worth a buy because of the way its run by Katie Potts.

[amt] 30/11/2017 16:24

Blimey QP appears here aswell as EZJ. Glad you are a supporter. This has been my favourite investment trust for years and must be one of if not the best performing in UK and yet it has this large discount which looks bonkers to me.

[rogerbridge] 22/11/2017 10:51

This is a lovely I.T. with a great manager who looks at the long term. IQE and VRS holdings must be helping.

[shavian] 22/11/2017 06:53

Heading back towards the ATH. Under renewed strength in IQE. Note smaller holding VRS coming up on the rails. I also hold both yum yum.

[quepassa] 01/11/2017 14:48

A new all time high today at 1195p.

The important psychological barrier of £12 likely to be breached imminently.

ALL IMO. DYOR.
QP

[typo56] 26/10/2017 16:27

JPS next for FTSE 250? Perhaps next week?

[quepassa] 20/10/2017 08:02

Thank you very much indeed.

Very helpful. Much appreciated.

QP

[typo56] 20/10/2017 07:25

KWE leaving due to merger. Think there could be a couple more similar promotions before the December reshuffle. HRI got beaten by RWI when a slot became available earlier this month.

[quepassa] 19/10/2017 16:37

Don't follow.

Please explain how as the FTSE 250 reshuffle dates were/are Feb,May, Aug and November.

we are mid-stream. are we not?/ Or are there some special situations?

response appreciated.
thanks.

QP

[axotyl] 19/10/2017 16:09

Called Herald this afternoon - they'd heard that as well....

[shavian] 19/10/2017 11:49

Where did you find that Typo? If so it would be well deserved for such a 'strong and steady' performance. Mrs May take note :0)

[typo56] 17/10/2017 21:59

HRI now gets promoted to the FTSE250 on Fri, 20 Oct. Expect a bit of volatility on Thursday with a high volume uncrossing trade in the closing auction.

[typo56] 03/10/2017 07:58

Actually, at the moment it looks more likely RWI will be promoted to the FTSE250.

[amt] 02/10/2017 20:47

Perhaps the huge and unjustified discount will narrow. Fabulous performance would justify a premium.