II Editor
27 Nov 2017
NEW ARTICLE: Why Europe is on the radar of our fund manager tipster "Our panel of multi-managers manages 'funds of funds', selecting investment trusts or funds rather than building their portfolios by investing in individual stocks or bonds. This quarterly series rounds up their views on the best investment ..."[link]
The Dutchman
24 Jul 2017
Re: NAV I've sold another tranche at 10.69, this follows a sale at just over £10 last month. My next target is 1100, when I will sell another tranche. It's been a good share for me going back to the dot.com boom, when I recall I bought some warrants and doubled my money in a few weeks. However my investing focus is now on reducing risk and gaining a bit of tax-free income within my ISA. So will re-invest in a F East or European IT.
massmid
24 Jul 2017
Re: NAV the discount to NAV is now beginning to narrow at last.Down from 21pc to 16pc in the last few weeks
II Editor
23 Jun 2017
NEW ARTICLE: Bargain hunter: Three 'cheap' trusts on wide discounts "On the whole, smaller company investment trusts have recovered their poise since being initially rocked by the outcome of last year's referendum vote. In the first six months of 2016, widening discounts turned an average 8% fall in their net ..."[link]
massmid
09 May 2017
Re: NAV share price on a good run at present ; is the NAV discount going to close?
schovald
05 May 2017
Re: NAV John Barron in today's IC says he has top-sliced after a good run.
The Dutchman
04 May 2017
Re: NAV I said last autumn that I should reduce my holding ( it is my 5th largest and of course pays no divi), I will likely wait till this little rally runs out of steam and then reduce my holding, but unlikely to sell out completely. I wonder if I could wait around for £10 ??
massmid
04 May 2017
Re: NAV The NAV has been rising fast in past few days despite the disastrous Imagination dinvestment.The Discount is still 20pc to the market value but at least the share price is rising in line with the NAV.
massmid
04 Apr 2017
SP fall Despite havinga a large diversified portfolio, Herald has fallen because of is large stake in Imagination Technologies.. It is the 3rd largest holding of the company.Surely it's time for a more aggressive approach to reducing the discount e.g. by a tender offer?Any thoughts from current share holders?
charlus
13 Oct 2016
Buybacks 694,000 shares bought back in the last week. Close to 1% of shares in issue if my wobbly arithmetic is to be believed.Hopefully a sign of things to come.GLA
sansione
07 Oct 2016
Re: News I wrote to the Chairman in 2015 asking why the board was not doing anything to address the high discount ( 20% at the time as now ) and received a somewhat dismissive reply saying that the board was very much against buying back shares. As a result I sold the stock, fortunately reinvesting the proceeds in a Far East Trust which has substantially outperformed Herald. Thankfully the board has refreshed itself over the past twelve months and seems to be taking a somewhat more realistic view regarding the discount but needs to do more.
alandwd
07 Oct 2016
Re: comparatives The discount doesn't bother me - in fact, it's still at 20% so this one screams buy. A trust of diversified IT companies is going to do well with the pound falling as they don't have the disadvantage of increased input costs in the short term - IT salaries stay the same.Anyway, I topped up with a lump sum from the ECWO tender offer, in additional to the monthly drip feeding.
The Dutchman
07 Oct 2016
Re: comparatives Today they have issued a statistics report demonstrating that the long term performance is excellent - I agree, and even over the last 5 years my records show a 13% pa return. But we need to reduce that discount !They have 259 equity holdings - astonishingly high and I can only think that the philosphy is for every five you buy, one will be a star, two will be OK and two will be dogs.I have been a holder for 15 years and this is my 5th largest holding. I will stay at this level for a while longer, or at least while the sp is rising, then I must seek some income so will probably halve my holding -- at which point no doubt one of the activists will jump on board.Good to get some discussion on an IT for a change!
frankiepee
07 Oct 2016
comparatives I bought this fund and some other high profile ITs 4 years ago this month and have been pleased with their performance - they are all well upHerald 61%Monks 69%Scottish Mortgage 63%Witan 73%But as they say it's easy to make money when the markets are going up and they all have similar risk profiles - my FTSE 250 tracker is up 69% over the same period
charlus
07 Oct 2016
News Clearly, KP and management team have responded to this recent spurt of activity on this largely moribund board and promptly bought back 420K shares!Maybe we need to make more noise about liquidation, dividends, buybacks, shareholder value, activist investors etc etcGLA
