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To achieve capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multimedia and technology.
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Top 2 holdings (6.3%) of portfolio are up 11.6% and 12.8% today. This IT is well positioned to benefit from current growth trends and offers an attractive discount to participate. Excellent track record. Strong buy
Lots of ITs are doing the same- they see the discount as an opportuniy to buy "cheap"
The hope is it narrows the discount...although it rarely seems to work if the Market is not extremely positive.
Herald continue to buy back .any problem with this ?
Now discount is even higher and sp dropped for more than 20%, evidence shows there's no rationale behind your buy sentiment.
I'm a bit surprised it hasn't dipped today on poor results.
I think it is a good time as ATT has started buying back shares this week.
At 2165p a 15% discount to NAV this is an extremely strong buy over the next 6 months.
Love it. Dickie's post in November, noone following it at 1800 a share. Imo noones following it because there is no question that it will out perform the market, great team running HRI and enjoying the new year at 2245 a share.
I have a few shares (735) in this which are in my ISA, plus 65 shares that I transferred into a discretionary trust for my children as part of IHT planning with 150 shares in a small dealing account. I tend to try and balance my holdings in disposing of weaker performers and adding to better ones. My last purchase was in October to add another 100 shares to my dealing account...... in time those 250 shares will be settled into my ISA.
It is an Investment Trust that is rather under the radar though there was a little press coverage in the Sunday Times yesterday
https://www.supplymecapital.com/what-we-do/
What Syme does
Posted again for those that haven't seen it.
You will need to listen carefully with NO disturbances. Turn off TV and radio and listen takes 30mins.
Podcast interview
https://youtu.be/fR1LTvz-_Rg
Good interview
https://www.asktraders.com/analysis/heres-why-supplyme-syme-shares-surged-29-6-today/
AZ knows his onions!
Posted again for those that haven't seen it.
You will need to listen carefully with NO disturbances. Turn off TV and radio and listen takes 30mins.
https://youtu.be/fR1LTvz-_Rg
Good interview
https://www.asktraders.com/analysis/heres-why-supplyme-syme-shares-surged-29-6-today/
AZ knows his onions!
Does't seem to be a poster following. At 1800 quid a share i am not surprised One for your SIPP or pension ISA
Does't seem to be a poster following. At 1800 quid a share i am not surprised One for your SIPP or pension ISA
content://com.android.chrome.FileProvider/images/screenshot/1599926802050-942009693.jpg
Rns from 20th July Virgo/Hope Copper Gold Project
https://www.investegate.co.uk/bezant-resources-plc--bzt-/rns/completion-of-due-diligence-re-hope-project/202007200700054123T/
As announced on 19 June 2020, the acquisition of 100% of Virgo Resources Ltd and its interests in the Hope Copper-Gold Project in Namibia is subject to the certain conditions precedent. The current status of the conditions precedent is summarized below:
i) Bezant has completed its due diligence to its satisfaction during the Due Diligence Period;
ii) Bezant has all the consents and approvals it required to complete the Acquisition save for the procedural consent required from AIM for Admission to trading of the Bezant Shares to be issued at Completion;
iii) Virgo does not need any regulatory approvals to complete the Acquisition; and
iv) Execution at Completion of the Agreed Form Completion Documentation by Virgo's shareholders will affect the transfer of their Virgo shares, Virgo unlisted options and Virgo deferred consideration performance shares to the Bezant group.
As announced on 19 June 2020, the acquisition of 100% of Virgo Resources Ltd and its interests in the Hope Copper-Gold Project in Namibia is subject to the certain conditions precedent. The current status of the conditions precedent is summarized below:
i) Bezant has completed its due diligence to its satisfaction during the Due Diligence Period;
ii) Bezant has all the consents and approvals it required to complete the Acquisition save for the procedural consent required from AIM for Admission to trading of the Bezant Shares to be issued at Completion;
iii) Virgo does not need any regulatory approvals to complete the Acquisition; and
iv) Execution at Completion of the Agreed Form Completion Documentation by Virgo's shareholders will affect the transfer of their Virgo shares, Virgo unlisted options and Virgo deferred consideration performance shares to the Bezant group.
https://www.investegate.co.uk/alien-metals-limited--ufo-/rns/maiden-exploration-targets-identified-at-hamersley/202008251200041117X/
Due to lack of drilling data (primarily at BHP 20 and BHP 19), there is currently insufficient information to allow for a resource estimate in accordance with the JORC Code (2012) guidelines. Management is currently working with the Company's geological consultants regarding next-stage exploration, leading into maiden drilling programmes.
Grade Range
The iron ore grade ranges are based on the minimum and maximum assayed grades from previous drilling and sampling programmes at the Brockman Iron and Han******* Ranges projects.
Tonnage Range
A specific gravity (SG) of three was used to calculate the tonnage ranges and are based on SG's used by neighbouring producers/developers within the Hammersley province, including Brockman Mining at their Sirius Project.
Finalisation of field programmes are being done with planning to get a team into the field as soon as possible.
Where the Company refers to previous Exploration Results it confirms that it is not aware of any new information or data that materially effects the information included in previous announcements and all material assumptions and technical parameters disclosed in those announcements continue to apply and have not materially changed
Due to lack of drilling data (primarily at BHP 20 and BHP 19), there is currently insufficient information to allow for a resource estimate in accordance with the JORC Code (2012) guidelines. Management is currently working with the Company's geological consultants regarding next-stage exploration, leading into maiden drilling programmes.
Grade Range
The iron ore grade ranges are based on the minimum and maximum assayed grades from previous drilling and sampling programmes at the Brockman Iron and Han******* Ranges projects.
Tonnage Range
A specific gravity (SG) of three was used to calculate the tonnage ranges and are based on SG's used by neighbouring producers/developers within the Hammersley province, including Brockman Mining at their Sirius Project.
Finalisation of field programmes are being done with planning to get a team into the field as soon as possible.
Where the Company refers to previous Exploration Results it confirms that it is not aware of any new information or data that materially effects the information included in previous announcements and all material assumptions and technical parameters disclosed in those announcements continue to apply and have not materially changed.
Is there any chance of this company paying a dividend again soon?
Full Name of Director: Thomas Joseph Black, Age: 53 Current Directorships: Digital Barriers Plc Digital Barriers Services Ltd Old Bailey 2005 LLP Butser Developments Limited Grantdean Ltd Directorships held within the last five years: Detica Group Plc Rubus Ltd Detica Holdings Ltd StreamShield Ltd Detica (IPR) Ltd StreamShield Networks Ltd Detica Ltd Detica Consulting Group Ltd Detica Systems Integration Limited Detica Federal Inc Inforenz Ltd StreamShield Inc Primary Key Ltd Detica Inc http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PINN&ArticleCode=l3x92au5&ArticleHeadline=Board_Appointment
"There remains more value in microcaps, but the ability for companies to grow profits appears to be more challenging than it has been. The UK portfolio seems likely to decline as a percentage of the whole. While a degree of caution seems rational it remains a mandate that seems to have attractions relative to most other asset classes. We continue with enthusiasm," a statement issued by the fund reported. Herald Investment Trust was launched in 1994 and is a large investment trust specialising in technology, communications and multi-media. It is the only specialist technology orientated investment trust with a material exposure to the United Kingdom. According to its latest fund factsheet, dated December 31st, 65.1% of gross assets were held in the UK.
Herald Investment Trust, the FTSE-250 listed fund, reported a net asset value (NAV) total return of 12.3 per cent in 2012. The company described this NAV as "satisfactory in the context of returns made from the wider indicies". It said that the UK portfolio had risen to the highest proportion of the equity portfolio since the turn of the century at 70.9%, while the US portfolio fell to 20.9%. The European portfolio recovered by 17.5% in pounds sterling but the company said it remainded a "modest weighting". Meanwhile, the Far East delivered a total return of 10.3%, including the Taiwamn portfolio which returned 19.3% in pounds sterling and the strongest component. Concluding its results, the company described 2012 as "adequate", adding that it "could have been better". It said that the outlook for 2013 remained "uncertain" but from the perspective of the sectors it targeted, Herald said that the US seemed to be better placed to address its economic issues than elsewhere.
http://www.investegate.co.uk/herald-inv-trust-plc-(hri)/rns/final-results/201302201432423219Y/
Herald Investment Trust said its net asset value total return had under-performed the market in the three months to the end of September. Over the period, the company' said its net asset value total return was 3.9% compared to the comparative index total return of 5.0%, while the share price total return was 6.7%. The firm, which invests in smaller telecommunications, multimedia and technology companies, made purchases of £20.3m and sales of £24.4m over the quarter, giving rise to net sales of £4.1m. At the end of September, £50m had been drawn under the £50m multi-currency facility, the trust said. The fair value of the related interest rate swap contract at 30th September was an estimated liability of £20.8m based on the swap provider's valuation, it added.