Herald Investment Share Discussion Threads

[mac] 09/3/2004 17:16

NAV 415p Holding up even if profit taking to the fore. Looks like big computer, IT based stocks are consolidating, but rest of mkt looks OK. That may explain profit taking on HRI & the NAV holding up. Still 350p looks possible, ie previous high, or maybe it will go to bottom of trend, which by my estimates is the same price. So I am holding. Old high of 700p some way off.

[mac] 05/3/2004 15:36

NAV 416p still on the up, but profit taking hitting the share price. Which leads the way I wonder?

Agree whole heartedly with you Foster

[foster] 04/3/2004 12:10

I hold both HRI and AIT. Comparing the two, I feel more comfortable with HRI and believe that AIT carries more risk.

AIT is the result of the merging last year of ATR (Aim Trust) and TPC (3PC). By this means, it was possible for Bill Brown, the manager, to overcome the disastrous effects of having to cover loan covenants, because his gearing remained unacceptably high throughout the bear market. With this trust I am maintaining a tight stop-loss.

As for HRI, I see on TrustNet today that it has produced the biggest asset increase (114%) of all the 58 Smaller Companies Investment Trusts over the past 12 months. Katie Potts, the manager, is to be congratulated on this performance. At the beginning of last year she had the courage to increase gearing at the right time, taking on loans of £30m at low interest rates, and has made some excellent investments.

And yet, in the annual report, she seems disappointed with her achievements, saying, "... but even when you make money, you invariably think it should have been more". The Chairman, in his statement, says, "In conclusion, the year [2003] has been satisfactory". Only satisfactory? Rare modesty indeed. I say well done Katie and all at HRI.

[slogsweep] 27/2/2004 11:12

Decided to hang on - nice little breakout so feel quite pleased. Lokks like a bit of catch up expect it to setttle in 390-400 range for abit

[slogsweep] 20/2/2004 08:07

Thanks for comments, only reason I'm swithering is 'other opportnities' can't own them all I'll look at the trustnet site before deciding

[ivt2] 19/2/2004 17:25

As mac says its up to you Slogsweep. But I think its worth noting
the +19% gain in 3 months. Have a look at Trustnet you will see the current level of discount is not too demanding either. Also look at todays performance. Major holdings AMT 5.3%,IMT 5.5% amd TMX 3.7%. With 3x as many buys as sales. However my wkly chart does show the price to be near the top of a 6 month channel, so it could turnaround and head south. The next few days could interesting. It gapped up today, above the Upper BB on my dly chart. Spike or breakout?

[mac] 19/2/2004 15:09

414p NAV

It's up to you Slogsweep.

I like the current chart. NAV growing nicely. Went to a premium to NAV on last bull run. Yes same management team. Have a quick look at the results, they are very straightforward.

[slogsweep] 19/2/2004 10:15

Held these for a while. They used to specialise in smaller Tech. Coys with some US ones. Is this still the case and is the management team the same as that of 4 0r 5 years ago? I don't usually take much notice of fundamentals now as I have too many holdings to keep up-to-date so I use charts as that takes less time. The chart on this looks a bit sad and I was on the point of selling as I have a number of good candidates (eaglet,Gart. fledgling,Schroder EM, Aberforth Smaller, Active capital) all growing 3x faster at least. Is there somthing I should know that might change my mind?

[mac] 17/2/2004 16:15

Breaking up into new territory since the crash. Taken time to come, which bodes well for the future. Recent results show manager in control & out performing.

Time for a new thread?

Any views on where this market is going & HRI along with it.

[gzr] 06/8/2002 16:22

Shame about the 750,000 Ingenta shares they bought a week or so ago at about 140p, just before a profit warning. They are now 65p! Not a significant amount in relation to the fund, but a pretty bad call!
MH, I agree though, these discounts are huge.

[mh] 06/8/2002 16:14

And this one's on a 20% discount.Utter madness.

[gurp] 02/11/2001 20:58

Oh dear - £1 could well be on the cards; call me a pessimist but things are bad and could get worse. The technology profit promises seem to be getting further in the future & that chart looks suspicious. Ms Potts at least is sure of her salary!

[qualitydecor] 23/5/2001 00:34

looking good as bigger buys now

[qualitydecor] 22/5/2001 19:37

+10p
There could be a quick £1 here if markets remain firm

[qualitydecor] 22/5/2001 08:11

starting to creep Ahead

[qualitydecor] 21/5/2001 20:21

They have a large holding in motion poster! tripled this year.

[qualitydecor] 21/5/2001 07:51

Thanks Joey. Dont like warrants myself but have put the shares on my watchlist now - waiting to jump.

[joeycooper] 20/5/2001 20:06

Kate Potts runs Herald I.T. and has won pots of awards for this trust's performance.
If you are so bullish buy the warrants and make much more

[qualitydecor] 20/5/2001 15:06

Anyone have a web site for this co?

[qualitydecor] 20/5/2001 14:51

Anyone have a web site for this co?

[joe90g] 10/5/2001 14:33

running now. imho could be up a quid soon