Update research from QuotedData

RNS Number : 5628M
Herald Investment Trust PLC
12 January 2023
 

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Herald Investment Trust - Update research from QuotedData

12th January 2023

Efficiency savings

While Herald Investment Trust (HRI), like many other technology and growth-focused strategies, has been caught up in the grips of 2022's market selloff, the fundamentals of many of the companies in its portfolio have remained largely unscathed. In fact, HRI's management team believes that today's market represents an opportunity, as falling prices and earnings strength push valuations to attractive levels.

HRI's team also highlights that the trust's closed-ended structure enables it to capitalise on forced sellers as they emerge. To exploit both these opportunities, HRI has a large (about 11%) position in liquid assets. Though HRI's discount to net asset value (NAV) did widen substantially at the start of the year, it has narrowed since the recent US inflation figures, which raised hopes that an end to fiscal tightening (cutting government spending) was in sight.

Full research:

https://quoteddata.com/research/herald-investment-trust-efficiency-savings-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Herald Investment Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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