Herald Investment Share Discussion Threads

[weatherman] 08/10/2020 15:33

NAV through £20.

[weatherman] 17/9/2020 20:59

NAV 1952p versus 1600p

[tiltonboy] 03/9/2020 13:29

Discount 13.5%

[davebowler] 02/9/2020 16:31

1 September 2020

Net Asset Value - including current year income 1968.33p
Net Asset Value - excluding current year income 1972.78p

[amt] 02/9/2020 08:26

Big discount again of at least 16% perhaps 18%

[weatherman] 28/8/2020 17:09

Closing price down to 1652p, versus climbing NAV to 1959p

[quepassa] 17/8/2020 20:35

Squarely over the 1700p hurdle again , closing at 1725p.

Another new ALL-TIME-HIGH.

ALL IMO. DYOR.
QP

[davebowler] 11/8/2020 10:16

GB Group doing well I see today.

[davebowler] 11/8/2020 09:21

Net Asset Value as at 7 August 2020

Net Asset Value - including current year income 1921.82p
Net Asset Value - excluding current year income 1925.37p

[psync] 07/8/2020 18:25

That would make sense. Herald is nearly 50% UK equities and the majority of UK small cap ITs are on double figure discounts. Also it is considered part of the "IT Global Smaller Companies" sector putting it up against BG's Edinburgh Worldwide which has it beat on most timescales <10yrs. The fees are also on the high side at 1.09%.

I guess they could forget the UK bias, focus on global tech, adopt a more progressive fee policy. Hopefully that would increase demand so they could eliminate the discount and issue shares at a premium rather than doing the buybacks they are now. Or alternatively let Baillie Gifford take over management :p

[spangle93] 07/8/2020 12:08

Maybe it's the UK factor?

[davebowler] 07/8/2020 10:27

12% discount-


Net Asset Value as at 5 August 2020

Net Asset Value - including current year income 1902.35p
Net Asset Value - excluding current year income 1906.02p

[davebowler] 04/8/2020 15:41

Net Asset Value as at 3 August 2020 including current year income 1880.02p

[amt] 31/7/2020 06:41

Discount less than 10%. The buying own shares seems to be working but will it go back to 20% once they stop buying?

[davebowler] 23/7/2020 14:43

Net Asset Value as at 22 July 2020

Net Asset Value - including current year income 1858.22p
Net Asset Value - excluding current year income 1861.87p

[spangle93] 21/7/2020 12:50

Ian Russell, Herald Chairman, in the Outlook posted 17-7

[davebowler] 21/7/2020 11:29

Not sure whose commentary you refer to, Spangle93?

[spangle93] 17/7/2020 14:02

He's not exactly selling a good case for investment though, is he?

"It is perhaps surprising that the overall returns have been positive when COVID-19 has led to economic havoc, and technology is at the eye of the storm in trade tensions between China and the United States. Share price increases have led to the valuation rating of the portfolio rising from a p/e ratio of 21.4x at the start of the year to one of 25.3x Bloomberg estimates. Furthermore, analysts' forecasts rarely reflect share-based compensation so valuations are really higher than they have been at any time other than the internet bubble of 2000. However, there is no comparison with that period as most investee companies are solidly generating cash. In addition, the challenge for investors in finding value anywhere makes these valuations less unattractive, and it is evident that there is more interest in the TMT sector. The caveat is that the economic outlook remains precarious, and forecasts are more uncertain than usual. "


Compare this with the positivism of SMT's statements

[weatherman] 17/7/2020 08:49

Their performance was helped by BATM and ITM.

[amt] 17/7/2020 08:15

Amazing performance.
I wish I had put all my money into Herald and not bothered investing anywhere else.
60k in 1994 would be worth over 1 million now, only 120k in ft index

[arja] 13/7/2020 07:30

why such a big move on friday as NAV only up slightly ?? Nice looking and NOR situation over 1664 . Should be a bullish day on markets with US futures powering ahead !

[davebowler] 06/7/2020 17:03

All time high -
Net Asset Value as at 3 July 2020

Net Asset Value - including current year income 1831.95p
Net Asset Value - excluding current year income 1835.65p