Herald Investment Share Discussion Threads

[typo56] 02/10/2017 16:21

I think HRI could be a candidate for promotion to the FTSE250 next week, with the merger of WG. with AMFW. Should know soon.

[quepassa] 09/9/2017 09:29

Switched out of Scottish Mortgage earlier this year after a great run and into HRI. Glad I did.

The more I look at this fund, the more I respect it.

With a NAV of 1309p versus a share price of 1115p, this looks like a bargain to me and the 15% discount to NAV still looks far too wide in my opinion.

This Trust should outperform in my view.

ALL IMO. DYOR.
QP

[rogerbridge] 09/9/2017 08:46

A class investment.

[shavian] 07/9/2017 20:55

Oh, catch up time now. Buyers clocking that HRI's largest holding is off to the races!

[shavian] 31/8/2017 19:38

Discount widening

[quepassa] 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

[amt] 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.

[shavian] 08/8/2017 08:20

Mentioned by Tempus in The Times this morning. Sorry too busy to post it.

[quepassa] 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

[shavian] 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.

[nimbo1] 25/7/2017 10:18

It has a lot of the right stocks in the top 10 - PEGA (US), BANGO, IQE etc.

[quepassa] 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

[nimbo1] 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...

[quepassa] 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

[riskvsreward] 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.

[quepassa] 20/7/2017 13:45

Wow. Great performance on those two.

Agree with your comments.

Thanks.

QP

[nimbo1] 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.

[quepassa] 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

[nimbo1] 20/7/2017 12:27

look at IQE and Bango over last few days - both top ten holdings!

[amt] 20/7/2017 10:25

18% discount. Still much too big for a phenominal record.

[quepassa] 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