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Herald Inv Trust PLC (HRI)

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Thursday 07 December, 2017

Herald Inv Trust PLC

Update research from QuotedData

RNS Number : 7083Y
Herald Investment Trust PLC
07 December 2017
 

Herald Investment Trust - Update research from QuotedData

7th 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/

 

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 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 FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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