Herald Investment Trust PLC Update research from QuotedData
12 January 2023 - 10:39PM
RNS Non-Regulatory
TIDMHRI
Herald Investment Trust PLC
12 January 2023
Herald Investment Trust - Update research from QuotedData
12(th) 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/
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NB: Marten & Co was paid to produce this note on Herald
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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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January 12, 2023 06:39 ET (11:39 GMT)
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