HERALD INVESTMENT TRUST PLC ORD 25P chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share -5.55
Dividend & YieldN/A£ (N/A)
Beta 1
Market capitalization 1.08B
Operating cash flow 27.69M
ESG Scores unknown

Company description

Herald Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Herald Investment Management Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the technology, telecommunications, and multi-media sectors. It primarily invests in stocks of small-cap companies having market capitalizations lower than £750 million. The fund benchmarks the performance of its portfolio against a composite benchmark comprised of 33.33% Russell 2000 Technology Index and 66.66% Numis Smaller Companies Index. Herald Investment Trust PLC was formed on February 16, 1994 and is domiciled in the United Kingdom.

Sector: Financial Services - Industry: Asset Management

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -27k 254k 226k 128k
Total Cashflows From Investing Activities
Net Borrowings
Total Cash From Financing Activities -17.29M -20.49M -24.88M -22.89M
Change To Operating Activities
Issuance Of Stock
Net Income -48.34M 242.03M 405.36M 280.39M
Change In Cash 26.99M 19.98M -15.91M 1.62M
Effect Of Exchange Rate 2.05M -3.12M -3.17M 466k
Total Cash From Operating Activities 42.23M 43.59M 12.14M 24.04M
Depreciation
Change To Account Receivables -337k -516k 548k 358k
Other Cashflows From Financing Activities -116k -156k -39k
Change To Netincome 90.94M -198.18M -393.99M -256.84M
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -48.07M 242.26M 405.66M 280.9M
Net Income -48.34M 242.03M 405.36M 280.39M
Selling General Administrative 10.78M 11.37M 13.16M 17.18M
Gross Profit -39.19M 256.91M 421.99M 297.61M
Ebit -49.96M 245.54M 408.83M 280.43M
Operating Income -49.96M 245.54M 408.83M 280.43M
Interest Expense
Income Tax Expense 267k 232k 298k 503k
Total Revenue -39.19M 256.91M 421.99M 297.61M
Cost Of Revenue
Total Other Income ExpenseNet 1.89M -3.27M -3.17M 466k
Net Income From Continuing Ops -48.34M 242.03M 405.36M 280.39M
Net Income Applicable To Common Shares -48.34M 242.03M 405.36M 280.39M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 961k 1.22M 1.6M 1.53M
Total Stockholder Equity 901.15M 1.12B 1.5B 1.76B
Other Current Liabilities 203k 273k 138k 137k
Total Assets 902.12M 1.12B 1.5B 1.76B
Common Stock 17.23M 16.83M 16.45M 16.19M
Other Current Assets 3.25M
Retained Earnings 267.3M 452.8M 742.37M 884.77M
Treasury Stock 542.89M 579.48M 670.82M 786.18M
Cash 68.86M 88.84M 72.93M 74.55M
Total Current Liabilities 961k 1.22M 1.6M 1.53M
Other Stockholder Equity 542.89M 579.48M 670.82M 786.18M
Property, Plant, and Equipment
Total Current Assets 70.44M 90.84M 74.39M 78.92M
Net Tangible Assets 901.15M 1.12B 1.5B 1.76B
Net Receivables 1.57M 2M 80k 108k
Accounts Payable 203k


Insider Transactions

Here are the insider transactions of stock shares related to HERALD INVESTMENT TRUST PLC ORD 25P:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Rathbone Investment Management LtdD2022-08-18914.62k
Marsh (Henrietta)Bought at price 19.73 per share.D2022-07-211k
Sternberg (Karl Stephen)Bought at price 21.79 per share.D2022-05-271k
Eastment (Stephanie)Bought at price 21.49 per share.D2022-05-06300
Sternberg (Karl Stephen)Bought at price 24.05 per share.D2022-04-201k
Rathbone Investment Management LtdD2022-02-21
Rensburg Sheppards Investment Management LimitedD2022-02-21
Sternberg (Karl Stephen)D2022-02-21
Wells Capital Management IncD2022-02-21
Will (James)D2022-02-21
Black (Thomas Joseph)D2022-02-21
Brewin Dolphin LimitedD2022-02-21
Charles Stanley & Co LtdD2022-02-21
Eastment (Stephanie)D2022-02-21
JM Finn & Co LtdD2022-02-21
Lazard Asset Management, L.L.C.D2022-02-21
Black (Thomas Joseph)D2021-12-31
Brewin Dolphin LimitedD2021-12-31
Charles Stanley & Co LtdD2021-12-31
Eastment (Stephanie)D2021-12-31
JM Finn & Co LtdD2021-12-31
Lazard Asset Management, L.L.C.D2021-12-31
Rathbone Investment Management LtdD2021-12-31
Rensburg Sheppards Investment Management LimitedD2021-12-31
Sternberg (Karl Stephen)D2021-12-31
Wells Capital Management IncD2021-12-31
Will (James)D2021-12-31
Wells Capital Management IncD2021-11-0117.42k
Eastment (Stephanie)Bought at price 33.18 per share.D2021-08-27400
Rathbone Investment Management LtdD2021-03-123.96k
Rathbone Investment Management LtdD2021-03-113.37k
Rathbone Investment Management LtdD2021-03-08544.66k
Rathbone Investment Management LtdD2021-02-22
Rensburg Sheppards Investment Management LimitedD2021-02-22
Russell (Ian)D2021-02-22
Sternberg (Karl Stephen)D2021-02-22
Wells Capital Management IncD2021-02-22
Will (James)D2021-02-22
Black (Thomas Joseph)D2021-02-22
Brewin Dolphin LimitedD2021-02-22
Charles Stanley & Co LtdD2021-02-22
Eastment (Stephanie)D2021-02-22
Hargreaves Lansdown Asset Management Ltd.D2021-02-22
JM Finn & Co LtdD2021-02-22
Lazard Asset Management, L.L.C.D2021-02-22
Black (Thomas Joseph)D2020-12-31
Brewin Dolphin LimitedD2020-12-31
Charles Stanley & Co LtdD2020-12-31
Eastment (Stephanie)D2020-12-31
Hargreaves Lansdown Asset Management Ltd.D2020-12-31
JM Finn & Co LtdD2020-12-31

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to HERALD INVESTMENT TRUST PLC ORD 25P. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on HERALD INVESTMENT TRUST PLC ORD 25P

Here is the result of two systematic investment strategies applied to HERALD INVESTMENT TRUST PLC ORD 25P. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on HERALD INVESTMENT TRUST PLC ORD 25P

The following chart shows the equity curve of the two systematic investment strategies applied to HERALD INVESTMENT TRUST PLC ORD 25P:

HERALD INVESTMENT TRUST PLC ORD 25P automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 46.51% on the backtest period.

Performance at glance

Performance

46.51 %

Latent gain

6362.0 £

Invested capital

13678.0 £

Annualized return

11.29 %
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Momentum strategy results on HERALD INVESTMENT TRUST PLC ORD 25P

This is the result of two momentum investment strategies applied to HERALD INVESTMENT TRUST PLC ORD 25P. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on HERALD INVESTMENT TRUST PLC ORD 25P

The following chart shows all the entries opened by the momentum investment system on HERALD INVESTMENT TRUST PLC ORD 25P:

HERALD INVESTMENT TRUST PLC ORD 25P momentum entries
  • The first momentum investment strategy would give 103.68% of return on HERALD INVESTMENT TRUST PLC ORD 25P. That represents 10201.0£ of latent gain with 9839.0£ of employed capital.
  • The second momentum investment strategy would give 88.37% of return on HERALD INVESTMENT TRUST PLC ORD 25P. That represents 7051.0£ of latent gain with 7979.0£ of employed capital.
Performance at glance (1Q Momentum)

Performance

103.68 %

Latent gain

10201.0 £

Invested capital

9839.0 £

Annualized return

12.49 %
Performance at glance (2Q Momentum)

Performance

88.37 %

Latent gain

7051.0 £

Invested capital

7979.0 £

Annualized return

24.28 %

Momentum equity curve on HERALD INVESTMENT TRUST PLC ORD 25P

The following chart shows the equity curve of the two momentum strategies applied to HERALD INVESTMENT TRUST PLC ORD 25P:

HERALD INVESTMENT TRUST PLC ORD 25P momentum equity

Note: the dividends potentially given by HERALD INVESTMENT TRUST PLC ORD 25P are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on HERALD INVESTMENT TRUST PLC ORD 25P

The following chart shows the employed capital evolution of the two momentum strategies on HERALD INVESTMENT TRUST PLC ORD 25P since the beginning:

HERALD INVESTMENT TRUST PLC ORD 25P

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250£, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000£.


Buy the dip strategy result on HERALD INVESTMENT TRUST PLC ORD 25P

Buy the dip entry openings on HERALD INVESTMENT TRUST PLC ORD 25P

HERALD INVESTMENT TRUST PLC ORD 25P

The performance achieved by the robo-advisor on HERALD INVESTMENT TRUST PLC ORD 25P is 26.47%. That represents 2097.0$ of latent gain with 7923.0£ of employed capital. The following chart shows HERALD INVESTMENT TRUST PLC ORD 25P stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of HERALD INVESTMENT TRUST PLC ORD 25P, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

26.47 %

Latent gain

2097.0 £

Invested capital

7923.0 £

Annualized return

12.49 %

Equity curve of the strategy applied to HERALD INVESTMENT TRUST PLC ORD 25P

The following chart shows the result of the investment strategy applied to HERALD INVESTMENT TRUST PLC ORD 25P:

HERALD INVESTMENT TRUST PLC ORD 25P

Note: the dividends potentially given by HERALD INVESTMENT TRUST PLC ORD 25P are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on HERALD INVESTMENT TRUST PLC ORD 25P

The following chart shows the employed capital evolution since the beginning of the investment strategy on HERALD INVESTMENT TRUST PLC ORD 25P:

HERALD INVESTMENT TRUST PLC ORD 25P

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on HERALD INVESTMENT TRUST PLC ORD 25P

In this section, I will compare the three previous investment strategies applied to HERALD INVESTMENT TRUST PLC ORD 25P.

Equity curve comparison on HERALD INVESTMENT TRUST PLC ORD 25P

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

HERALD INVESTMENT TRUST PLC ORD 25P investment strategy comparison

Employed capital comparison on HERALD INVESTMENT TRUST PLC ORD 25P

HERALD INVESTMENT TRUST PLC ORD 25P investment comparison

Performance comparison on HERALD INVESTMENT TRUST PLC ORD 25P

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 46.51% 6362.0£ 13678.0£ 11.29%
Momentum 1 quarter 103.68% 10201.0£ 9839.0£ 26.72%
Momentum 2 quarters 88.37% 7051.0£ 7979.0£ 24.28%
Non-directional 26.47% 2097.0£ 7923.0£ 12.49%
Annualized return comparison

Automatic investment

11.29 %

Momentum 1Q

24.28 %

Momentum 2Q

24.28 %

Non-directional

12.49 %

Correlated stocks

Here are the most positively and negatively correlated stocks with HERALD INVESTMENT TRUST PLC ORD 25P:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between HERALD INVESTMENT TRUST PLC ORD 25P and the other stocks. There may be false positives or some missing correlated stocks. If the price of HERALD INVESTMENT TRUST PLC ORD 25P does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name HERALD INVESTMENT TRUST PLC ORD 25P
Country United Kingdom
City London
Address Welken House
Phone 44 20 7553 6300
Website www.heralduk.com/funds/herald-investment-trust/
FullTime employees
Industry Asset Management
Sector Financial Services
Exchange XLON
Ticker HRI.XLON
Market www.londonstockexchange.com

HERALD INVESTMENT TRUST PLC ORD 25P ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown