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  6. Herald Investment Trust Plc (HRI)

  7. Herald Investment Trust Plc (HRI) Share Price

HRI

Herald Investment Trust Plc

1,794.00
8.00 (0.45%)
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Share Name Share Symbol Market Type Share ISIN Share Description
Herald Investment Trust Plc LSE:HRI London Ordinary Share GB0004228648 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
Upgrade Icon
  8.00 0.45% 1,794.00 34,864 16:29:58
Bid Price Offer Price High Price Low Price Open Price
1,794.00 1,804.00 1,812.00 1,794.00 1,804.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mgmt Invt Offices, Open-end -390.33 -405.53 -652.30 - 1,161.69
Last Trade Time Trade Type Trade Size Trade Price Currency
16:54:44 O 240 1,801.407 GBX
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Scottish Mortgage Invest... (SMT), M&g (MNG), Tiger Royalties And Inve... (TIR), Golden Rock Global (GCG)

Herald Investment (HRI) Latest News (1)

Herald Investment News

Date Time Source Headline
02/6/202311:56UKREGHerald Investment Trust PLC Net Asset Value(s)
01/6/202313:39UKREGHerald Investment Trust PLC Net Asset Value(s)
01/6/202307:00UKREGHerald Investment Trust PLC Transaction in Own Shares
31/5/202311:51UKREGHerald Investment Trust PLC Net Asset Value(s)
31/5/202307:00UKREGHerald Investment Trust PLC Transaction in Own Shares
30/5/202312:26UKREGHerald Investment Trust PLC Net Asset Value(s)
30/5/202307:00UKREGHerald Investment Trust PLC Transaction in Own Shares
26/5/202312:23UKREGHerald Investment Trust PLC Net Asset Value(s)
25/5/202311:53UKREGHerald Investment Trust PLC Net Asset Value(s)
25/5/202307:00UKREGHerald Investment Trust PLC Transaction in Own Shares

Herald Investment (HRI) Discussions and Chat

Herald Investment Forums and Chat

Date Time Title Posts
28/2/202308:04Herald Investment Trust plc171
01/2/202212:49Quality High Tech longterm Investment258
25/11/200417:06Anyone know what happened to these guys?6
06/8/200216:22Herald Investment - cheap bucket of IT shares. Quick.11

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Herald Investment (HRI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:54:451,801.412404,323.38O
15:35:081,794.008,085145,044.90UT
15:29:581,794.00235.88AT
15:29:581,796.00589.80AT
15:28:161,800.0063011,340.00AT

Herald Investment (HRI) Top Chat Posts

Top Posts
Posted at 28/2/2023 08:04 by tightfist
One company where HRI own 6.7% is exciting CyanConnode, very active in India - but at 0.24% of HRI assets it's unlikely to have a lot of impact - the nature of diverse trusts.....
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Posted at 16/2/2023 16:03 by spangle93
The annual financial report released this morning has breakdowns by countries and sectors in which it invests, and also the top 20 holdings

hTTps://www.investegate.co.uk/herald-inv-trust-plc--hri-/rns/annual-financial-report/202302160700040721Q/
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Posted at 07/9/2022 09:35 by marktime1231
Yes was just checking that good news for HRI and it sure needs some, unfortunately not a concentrated portfolio I think only about $30M of GBG shares. Not enough for the share price to leg up anyway.
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Posted at 31/7/2022 18:11 by arja
discount about 18% or might be about 19 when NAV announced on monday takes account of good day on markets on friday . What % of HRI investments are in USA ikf anyone knows ? tempted to buy on monday if not a wide spread but we are spoilt for choice at present
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Posted at 14/7/2022 14:13 by amt
NAV is the share price of the underlying share. The Gap increases in bear markets with investment trusts but it does mean you are buying a share in the underlying assets at a discount.
Normally trades at about 12% discount so you are getting 10% for free. Its just a question of how patient you are
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Posted at 26/1/2022 18:38 by deadly
Price fall is well overdone.
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Posted at 15/11/2021 11:21 by apple53
I don't think it's irrelevant Spangle. I think one of the weaknesses of individual share chats is the lack of comparative comments. I can bounce from Pantheon to HVPE to Oakley to NASCIT etc. and find committed lovers (you know what I mean). On individual stock, as opposed to trust, chats there can at least be some naysayers, though sadly these situations often deteriorate.

I would propose a joint share chat for these types of trusts, but of course it's hard to draw the perimeter, and people who aren't THAT interested will get their inboxes swamped with notifications.

I can roughly simplify analysis of these trusts (from pretty much fully unlisted holdings to fully listed) to: discount, catalyst for shrinkage, and underlying growth. The last should be most important, especially in 'normal' markets, though I tend to get a bit too focused on the discount (TFG anyone?). There are people that know IPO and its closer comparatives much better than me (see the thread) but it seems to me IPO's real NAV is quite probably 170p plus. Unlisted trusts tend to have very conservatives NAVs in rising markets, because of a) time-lag (valuations end March etc.), b) conservative accountants, c) valuing at last funding round. IPO is more in the public eye due to Oxford Nanopore, and is the best way (in my view) to hold ONT, is buying back its shares and generally seems to be run well.

I have to say that Herald's long term record is very strong, especially since 2016, and I think it has a better five year record than all my other investment trusts. I tend to think that some of this kind of stellar outperformance will be luck, and we may be seeing a bit of normalisation over the last few months in terms of limited outperformance of appropriate benchmarks. Also it's got quite large which I think can be a drag given there is a limit to how many smallish brilliant ideas the team can have. Finally, sector rotation may be relevant.

To conclude I see Herald as a modestly sized core holding, rising to oversized when the discount goes above 15% (especially given willingness to buy back shares). IPO would be a smaller core holding at a 5% discount (I was almost out entirely around 150p), but is an over-sized opportunity at present (helped by buybacks), particularly given a lot of the NAV lag has come through in my other trusts, such that discounts are no longer so understated, and tend to be in the 15-20% range (vs 30-40% not that long ago).
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Posted at 11/11/2021 12:05 by spangle93
@Apple53
Sorry for partly O/T, but what do you see in IPO vs HRI. Is it discount - if so how does bamboo calculate a rolling NAV? Is it because HRI has had a good run, whereas IPO is off its highs? ...

I'm very happy with HRI's management's performance, but I'm always interested to hear views on other companies. Please PM me if you don't think it's relevant to this bulletin board
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Posted at 28/10/2021 08:46 by chillpill
Bought some more at a 15% discount the other day.

Historically that has been a good time to buy.

The only smaller cap funds I own are NAS and HRI- management teams so much smarter than the rest.
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Posted at 01/11/2019 07:36 by shavian
Increasingly good news from ITM should feed through to HRI share price before long.
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