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
  -16.00 -0.97% 1,640.00 7,793 13:40:18
Bid Price Offer Price High Price Low Price Open Price
1,632.00 1,642.00 1,644.00 1,626.00 1,638.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 12.25 -4.91 -8.33 1,051
Last Trade Time Trade Type Trade Size Trade Price Currency
13:32:48 AT 7 1,640.00 GBX

Herald Investment (HRI) Latest News

More Herald Investment News
Herald Investment Investors    Herald Investment Takeover Rumours

Herald Investment (HRI) Discussions and Chat

Herald Investment Forums and Chat

Date Time Title Posts
05/5/202208:11Herald Investment Trust plc156
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

Add a New Thread

Herald Investment (HRI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Herald Investment trades in real-time

Herald Investment (HRI) Top Chat Posts

Herald Investment Daily Update: Herald Investment Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker HRI. The last closing price for Herald Investment was 1,656p.
Herald Investment Trust Plc has a 4 week average price of 1,548p and a 12 week average price of 1,548p.
The 1 year high share price is 2,665p while the 1 year low share price is currently 1,548p.
There are currently 64,077,416 shares in issue and the average daily traded volume is 68,346 shares. The market capitalisation of Herald Investment Trust Plc is £1,050,869,622.40.
deadly: Price fall is well overdone.
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).
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
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.
marktime1231: My instinct to rinse some HRI a month ago was correct but I was not brave enough this time, the underlying momentum was so strong. Now does look like a good time to be adding or buying back in, the discount wide again as you say. Small and medium UK sector taking a bath because ... well who knows ... but there are signs of things turning up again. A good trading update from GBG on 21 Oct to watch out for.
spangle93: Go HRI +60p on the day Record high price touching £25 Record NAV Recent director buys
deadly: results today: "The Company's net assets per share grew by 14.0% during the first half of 2021..." but the share price fell by 3%. No good reason for the increaaed discount. This comes on top of the 37.0% NAV rise in 2020....
weatherman: NAV now 2620p, share price under 2200p
quepassa: To put Friday's 15.5% Discount-to-NAV and share price of 1426p into clear perspective. Three months ago around 6th. February, HRI achieved an all-time-high share price of 1530p with a NAV of 1722p - just 32p higher than the latest NAV on Friday of 1690p. However the Discount-to-NAV in early February was 11.2% by comparison with the current (and still bloated) Discount of 15.5%. If we applied February's 11.2% Discount-to-NAV to this Friday's NAV of 1690p, it would dictate a share price of 1500p compared to Friday's close of 1426p. In my opinion, the share price is still a bargain at this discount level and not yet fully up with events at a time when many other leading Investment Trust NAV's have already narrowed back down to pre-Covid-crisis levels. ALL IMO. DYOR. QP.
shavian: Increasingly good news from ITM should feed through to HRI share price before long.
Herald Investment share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Herald Inv..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220629 12:55:48