Update research from QuotedData

RNS Number : 7083Y

Herald Investment Trust PLC

07 December 2017

 

Herald Investment Trust - Update research from QuotedData

7^th December 2017

Who wants to be a billionaire?

Herald, the small cap technology, communications and multimedia trust, recently passed a remarkable milestone. It has created more than £1bn for investors since it launched in 1994. Katie Potts, who has managed the fund over its entire life, points out that £98m was raised from investors (at launch and in subsequent issues). All of this and more has been returned via share buy-backs, yet Herald still has net assets of £952.3m (up from £791m at the start of 2017).

2017 has been good to Herald and to the sector in general; the trust's share price is up 35.4% year-to-date. Katie thinks that the UK stocks that form the core of the portfolio are still not excessively valued, especially given their potential for future profit growth. She says that it is this fact that distinguishes the current run of good performance from previous technology bull markets.

Full research:

https://quoteddata.com/2017/12/herald-investment-trust-wants-billionaire/

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