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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
|
|
|---|---|---|---|---|---|
| 15.00 | 0.59% | 2,555.00 | 83,779 | 09:44:02 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 2,555.00 | 2,565.00 | 2,560.00 | 2,540.00 | 2,540.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Mgmt Invt Offices, Open-end | 63.35M | 48.12M | 0.9130 | 27.98 | 1.34B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:46:27 | O | 16,980 | 2,560.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 16/1/2025 | 07:00 | UK RNS | Herald Investment Trust PLC Glass Lewis recommends vote "AGAINST".. |
| 15/1/2025 | 16:17 | UK RNS | Herald Investment Trust PLC Holding(s) in Company |
| 15/1/2025 | 11:42 | UK RNS | Herald Investment Trust PLC Form 8.3 - Thruvision Group plc |
| 15/1/2025 | 11:04 | UK RNS | Herald Investment Trust PLC Net Asset Value(s) |
| 15/1/2025 | 07:00 | UK RNS | Herald Investment Trust PLC Holding(s) in Company |
| 14/1/2025 | 12:37 | ALNC |  UPDATE: Herald Investment adds to dissent against Saba Capital |
| 14/1/2025 | 10:59 | UK RNS | Herald Investment Trust PLC Net Asset Value(s) |
| 14/1/2025 | 07:00 | UK RNS | Herald Investment Trust PLC ISS recommends vote "AGAINST" Resolutions |
| 14/1/2025 | 07:00 | UK RNS | Herald Investment Trust PLC Herald's long-term outperformance of Saba |
| 13/1/2025 | 17:16 | UK RNS | Herald Investment Trust PLC Holding(s) in Company |
Herald Investment (HRI) Share Charts1 Year Herald Investment Chart |
|
1 Month Herald Investment Chart |
Intraday Herald Investment Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/1/2025 | 09:33 | Herald Investment Trust plc | 246 |
| 15/5/2024 | 19:28 | Quality High Tech longterm Investment | 279 |
| 25/11/2004 | 17:06 | Anyone know what happened to these guys? | 6 |
| 06/8/2002 | 15:22 | Herald Investment - cheap bucket of IT shares. Quick. | 11 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:48:29 | 2,560.00 | 16,980 | 434,688.00 | O |
| 09:46:28 | 2,555.11 | 1,500 | 38,326.65 | O |
| 09:44:23 | 2,555.00 | 2,000 | 51,100.00 | O |
| 09:44:20 | 2,555.11 | 2,000 | 51,102.20 | O |
| 09:44:02 | 2,555.00 | 1,800 | 45,990.00 | AT |
| Top Posts |
|---|
Posted at 16/1/2025 08:20 by Herald Investment Daily Update Herald Investment Trust Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker HRI. The last closing price for Herald Investment was 2,540p.Herald Investment currently has 52,706,823 shares in issue. The market capitalisation of Herald Investment is £1,346,659,328. Herald Investment has a price to earnings ratio (PE ratio) of 27.98. This morning HRI shares opened at 2,540p |
Posted at 16/1/2025 07:47 by mike the mechanic amt, I believe it is 50% of votes cast.I'm still hoping that HRI can hold out but expect SAPA will go all out to win the vote as this is the first of many so losing would be particularly humiliating. I expect the price will drop whatever the outcome but really want it to remain independent. GLA |
Posted at 16/1/2025 07:12 by amt How does the voting work. I have sold most of my shares so presumably I will have fewer votes.Does it require 50% of shareholders to oppose the resolution. If it goes through I hate to think what will happen to the share prices of the underlying investments |
Posted at 15/1/2025 15:12 by bitgold Got to admit, wish I had held on to sell at £25+. As great as HRI is, it's all getting a bit strange here. Does Saba have some insight on some part of the HRI portfolio that we've all missed? With the shares now at a premium, they are surely overpaying to increase their stake? |
Posted at 15/1/2025 07:52 by spangle93 Saba funds are still a buyer of HRI - holding increased |
Posted at 11/1/2025 09:30 by agnes The Times Business CommentarySaba at a lossNot all activist shareholders are the same or deliver similar results. The proof? An earlier foray by Saba Capital into the UK - before the US hedge fund's boss Boaz Weinstein started gunning for seven investment trusts.In December 2020, he took an initial 5 per cent in Crystal Amber, the activist fund whose investment adviser Richard Bernstein has lately played a key role in bringing happier times to the shareholders of De La Rue. Without him rallying investors to boot out its former chairman Kevin Loosemore in April 2023, when the shares were around 40p, the banknote printer wouldn't now be looking at a proposed bid at 125p.Anyway, having bought its Crystal Amber stake when the shares were trading at a 28 per cent discount to net asset value, Saba had by June 2021 upped its holding to 25.4 per cent. It was a key level, as Saba knew that in 2013 the fund had set a 75 per cent hurdle for its continuation. It then started throwing its weight around, calling for the fund to be wound up: a plan rejected by 99 per cent of the other shareholders.Even so, by early 2022, investors approved a new investment policy - broadly orderly asset realisations to trade buyers. Saba badgered Crystal Amber to sell its then 24 per cent stake in Equals Group at 45p a share. Thankfully, the fund resisted, finally selling at an average 85p: still a big loss of value, now the payments outfit has agreed a bid at 140p.Whatever, when Saba joined Crystal Amber's register, its net asset value stood at 142p a share. Since then, it has paid out 55p in dividends but still managed to increase NAV to today's 181p, helped by its 16.5 per cent stake in De La Rue.Yet, here's the catch: despite Saba's claims to be a whizz at closing discounts, the hedge fund's antics, including selling assets at the wrong price, have increased it. Crystal Amber shares now stand at 103p: a discount to NAV of 43 per cent. What exactly is the grand plan of Saba, now with 29.8 per cent, to close it? Indeed, if this is typical of its efforts, it's more likely to destroy value than create it. |
Posted at 10/1/2025 23:17 by amt Yes I will vote against but have vastly reduced my holding. If it fails then the share price should fall and then I will buy back..If the vote goes through then I would sell anyway. The share price must now be at a premium. |
Posted at 10/1/2025 07:42 by spangle93 Saba ups the ante with full cash exit offer for Herald investorsSaba Capital has offered Herald (HRI) shareholders a full cash exit at 99% of net asset value (NAV) in a bid to win votes in the upcoming showdown between the trust and the activist investor. Herald and Saba have engaged in tit-for-tat mud-slinging, with each accusing the other of providing misleading information to shareholders and acting in a self-serving manner. However, the New York firm headed by Boaz Weinstein has now upped the ante, providing a concrete offer to shareholders if they vote in Saba’s favour at a general meeting on 22 January.... continues |
Posted at 09/1/2025 08:52 by mingles1 B-boy. Timely Telegraph article today ref European Assets Trust: 'If Saba is defeated there may be an opportunity to pick up its shares on a wider discount. The share price gains from a recovery in European small caps would likely dwarf any losses from a return to a more normal level of discount.'So I'm guessing this is the assumption that Saba would exit swiftly to reallocate their capital. |
Posted at 21/12/2024 14:54 by spangle93 Quoted data comment from Matthew Read:this proposal alone is utter madness in our view. Why would the shareholders of any of Saba’s targets want to hand over control to one dominant shareholder who can then act entirely in its own interest, rather than the collective interests of all? In HRI’s case, Saba Capital has acquired around 19% of the trust’s issued share capital but, because of the long-running issue of retail investors who hold their shares through the platforms tending not to vote, professional investors such as Saba get a disproportionate share of the vote. This is a concern, particularly for a fund such as Herald whose investments are very long-term in nature (it has a very long tail of small investments that trade infrequently) as Saba’s proposals are very short-term and look likely to erode significant value for its long-term investors if Saba is able to drive through what would amount to a fire sale for a portfolio such as HRI’s.] |
Posted at 19/12/2024 07:35 by slicethepie A breakup of hri would be extremely bad news for small tech businesses in the uk, hri has been highly supportive of these companies when others have given up, these businesses take time and patience something that most institutions in the uk don't have. Hri network is also invaluable in providing experienced board members to help these businesses. Saba have shown themselves good at identifying value hopefully they will exit gracefully! |
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