Share Name Share Symbol Market Type Share ISIN Share Description
Herald Investment Trust LSE:HRI London Ordinary Share GB0004228648 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +11.00p +1.04% 1,066.00p 1,062.00p 1,074.00p 1,066.00p 1,063.00p 1,066.00p 36,810 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 9.5 0.7 0.6 1,837.9 773.08

Herald Investment Trust Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
08/8/2017
08:59
Thanks! QP
quepassa
08/8/2017
08:26
Thanks. A subscriber-only article from the Times behind paywall. Would be very appreciative if someone could please summarise. Katie Potts deserves a lot of credit for building Herald. Perhaps the UK's top female fund manager. Right up there. More impressive in my view than some other small cap specialists who may be more prominent in the press. ALL IMO. DYOR. QP
quepassa
08/8/2017
08:20
hxxps://www.thetimes.co.uk/article/diploma-is-proof-of-lessons-learnt-8stx5gxx0?shareToken=a7983f05c579e5560081524c006e8510 Here the reason. A long way to go still to get to fair discount. Perhaps it should be at a premium given fantastic performance over any time periods selected really.
amt
08/8/2017
08:20
Mentioned by Tempus in The Times this morning. Sorry too busy to post it.
shavian
08/8/2017
08:06
Has this morning hit an all-time-high of £11 bid. Big discount to NAV continues to be eroded. ALL IMO. DYOR. QP
quepassa
07/8/2017
09:59
In July I sold out of SMT at a 4.5% premium to add more HRI then trading at a 17% discount. With both Trusts investing in similar areas of technology it seemed like a bit of a no-brainer in terms of arbitrage alone. The discount here has since narrowed a bit to 14.6%, largely on the gains made by IQE. Did you see the article in The Sunday Telegraph business section yesterday?'New iPhone could spell huge returns for Welsh tech wizards'Over £5million in value traded this morning in IQE, with the share price up to £1.16 at one stage. Small-cap specialist Paul Scott sees £3-£5 as being a sensible target range.Well done Katie Potts!BTW I still admire SMT greatly and am drip feeding monthly from scratch to rebuild the previous holding in the expectation of further pull backs in the big US tech stocks creating a discount in the trust agian
shavian
01/8/2017
07:17
Sp trimmed back in line with IQE's slight retrace, I think. Still adding here on the dips.
shavian
25/7/2017
10:18
It has a lot of the right stocks in the top 10 - PEGA (US), BANGO, IQE etc.
nimbo1
24/7/2017
17:09
Going very well today in an otherwise down market. QP
quepassa
21/7/2017
13:11
Good point. Inclusion into the FTSE250 will give a big boost. QP
quepassa
21/7/2017
12:37
with a market cap of £736 million herald isn't far off making it into the ftse 250. JP Morgan indian trust is ftse 250 with a market cap of 785... so it only seems like a matter of time until we get there - that may decrease the discount...
nimbo1
21/7/2017
10:08
It is astonishing that Tech sector supremo and Big Brother, Scottish Mortgage Investment Trust is trading at a PREMIUM when Herald with a European focus and smaller cap thesis trades at such a big discount. ALL IMO. DYOR. QP
quepassa
20/7/2017
18:07
The trust has a large sum of cash on its account (about 10% at £70 m). It is great that the manager to use it to buy back shares. Every share bought back will increase the NAV by £2. SO today's buy back of 0.25 million shares will add £0.5 M to the NAV attributable to shareholders.
riskvsreward
20/7/2017
13:45
Wow. Great performance on those two. Agree with your comments. Thanks. QP
quepassa
20/7/2017
13:31
IQE up c.20% today on v positive outlook. Bango almost done 100% since early june. Vehicles like this are the only way to be in most of the winners in a small way imo.
nimbo1
20/7/2017
13:07
nimbo, interesting can you please elaborate on their share price movements as I don't have a chance to check them. Thanks. QP
quepassa
20/7/2017
12:27
look at IQE and Bango over last few days - both top ten holdings!
nimbo1
20/7/2017
10:25
18% discount. Still much too big for a phenominal record.
amt
20/7/2017
10:14
JPMorgan Europe Smaller Investment Trust trades on a 7% discount Chelverton Smaller Companies IT trades on a 1% discount Herald trades on a 22% discount. Such an inordinately large discount just doesn't make sense, is not warranted and this is overdue for a major reduction in discount-to-nav a likely factor is that they do not promote themselves well enough but performance is impressive recently and over the long term. ALL IMO. DYOR. QP
quepassa
19/7/2017
13:56
What an ASTONISHING 6 months Performance and a strong and buoyant outlook. The fund increased its NAV by a whopping 14% in six months since December In my opinion, when funds are flowing into Europe at such a great rate of knots, the massive discount to NAV of 22% looks grossly over-done and under-appreciated by the market. This is a major bargain in my view. At a time when the discounts on so many trusts have narrowed dramatically, it appears to me that Herald is overdue for correction and it would not surprise me if the discount-to-NAV halves or more in very short order. ALL IMO. DYOR. QP
quepassa
18/7/2017
08:55
The fund is structured to yield a small dividend which is sufficient to pay management fees.
bukko
13/7/2017
11:51
could be a breakout coming here. should probably be on a sub 10% discount anyway.
nimbo1
23/6/2017
12:41
Thanks, QP, some research and reading to do.... I've found HL's website useful, and presentation succinct: Https://goo.gl/LdvTjm
axotyl
23/6/2017
12:22
It's just the focus of their investment portfolio. they are set up to specialise in smaller-cap tech stocks and generally the companies in that sector pay very limited dividends and are much more growth orientated rather than dividend-paying. whereas a trust on the FTSE 100 would comprise companies like RDSB, Voda and Insurance companies which pay high dividends but are generally low growth. you wouldn't expect a high divi from HRI but you would hope for big growth amongst their portfolio companies. no dividends are pocketed by the trust. however, all investment trusts take management fees. that's how they make their money. that's why they do it. they are money managers who take a management fee for their services and expertise. A 1% annual fee is not a particularly high one as some Trusts can charge 2%, and a limited few charge less than 1%. They take their ongoing fees and charges out of cash flow - whether from dividend monies the Trust receives or proceeds on sales of investments. it doesn't really impact share price. it impacts more performance. A trust which makes a TOTAL ANNUAL RETURN (divi's plus growth in value of portfolio) of 5% and takes a management fee of 1% leaves investors with a return of 4%. Obviously a Trust which levies annual fees of 2% would leave investors with 3%. Yes, of course, low fees and excellent performance are great but you need to find them and do your own research. have a good look Herald's useful investor website which tells you all about them and how they operate. Under the rubric "Funds" , click on Investment Trust and also look at their Monthly Fact Sheets hXXps://www.heralduk.com/ ALL IMO. DYOR. QP
quepassa
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