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About the company
Herald Investment Trust plc is a United Kingdom-based investment company. The Company’s objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of technology and communications. The Company’s investments may be made across the world. It invests, generally on a long-term basis, using fundamental analysis. It invests in various sectors, including information technology, broadcasting, printing and publishing and the supply of equipment and services to these companies. The alternative investment fund manager and portfolio manager of the Company is Herald Investment Management Limited.
- Revenue in GBP (TTM)113.76m
- Net income in GBP98.47m
- Incorporated1993
- Employees0.00
- LocationHerald Investment Trust10-11 Charterhouse SquareLONDON EC1M 6EEUnited KingdomGBR
- Phone+44 207 553 6300
- Websitehttps://www.heralduk.com/funds/herald-investment-trust/history-herald-investment-trust-plc/
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Profile
| Management group(s) | Herald Investment Management Ltd |
|---|---|
| AIC sector | Global Smaller Companies |
| ISIN | GB0004228648 |
| Launch date | 31 Jan 1994 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of technology and communications. Investments will be made throughout the world. The business activities of investee companies will include information technology, broadcasting, printing and publishing and the supply of equipment and services to these companies.
Managed by
| Katie Potts |
|---|
Management & contract fees
Annual management fee is calculated at 1% on the first GBP 1.25bn of the NAV of Company (excluding current year revenue), and 0.8% thereafter. The management contract can be terminated at 12 months notice.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AVI Global Trust PLC | 139.20m | 120.15m | 1.06bn | 0.00 | 9.13 | 0.9382 | -- | 7.58 | 0.2846 | 0.2846 | 0.3244 | 2.77 | 0.1073 | -- | 6.49 | -- | 9.26 | 9.75 | 9.31 | 9.96 | 91.19 | 91.08 | 86.31 | 89.99 | -- | -- | 0.1234 | 14.63 | -10.85 | 67.72 | -15.78 | -- | -- | 6.40 |
| Edinburgh Investment Trust PLC | 89.76m | 80.79m | 1.07bn | 0.00 | 14.10 | 0.9632 | -- | 11.89 | 0.5651 | 0.5651 | 0.6208 | 8.27 | 0.0693 | -- | 16.61 | -- | 6.23 | 11.08 | 6.24 | 11.30 | 91.55 | 93.08 | 90.01 | 92.03 | -- | -- | 0.0936 | 32.26 | -33.13 | -- | -35.12 | -- | -- | 0.1045 |
| TR Property Investment Trust plc | -18.30m | -36.03m | 1.09bn | 0.00 | -- | 0.9791 | -- | -- | -0.1135 | -0.1135 | -0.0577 | 3.51 | -0.0141 | -- | -- | -- | -2.78 | 2.08 | -3.02 | 2.18 | -- | 68.67 | -- | 52.75 | -- | -3.65 | 0.0133 | 174.65 | -103.86 | -- | -113.98 | -- | -- | 2.58 |
| Vietnam Enterprise Investments Ltd | 85.75m | 57.60m | 1.12bn | 0.00 | 26.37 | 1.08 | -- | 13.11 | 0.3019 | 0.3019 | 0.4624 | 7.34 | 0.063 | -- | 20.43 | -- | 4.24 | 6.18 | 4.38 | 6.21 | 93.29 | 96.34 | 67.17 | 74.84 | -- | 40.62 | 0.055 | 0.00 | 8.54 | 27.47 | 9.08 | 32.40 | -- | -- |
| Temple Bar Investment Trust PLC | 174.18m | 164.02m | 1.15bn | 0.00 | 6.72 | 1.21 | 7.00 | 6.60 | 0.5749 | 0.5749 | 0.6098 | 3.21 | 0.1875 | -- | 26.94 | -- | 17.66 | 2.11 | 17.72 | 2.13 | 96.67 | 75.90 | 94.16 | 66.08 | -- | -- | 0.0758 | 156.90 | 56.63 | -8.22 | 60.72 | -8.59 | -- | 1.82 |
| Herald Investment Trust plc | 113.76m | 98.47m | 1.21bn | 0.00 | 12.61 | 0.935 | -- | 10.62 | 2.00 | 2.00 | 2.30 | 27.00 | 0.0893 | -- | 114.28 | -- | 7.73 | 2.24 | 7.74 | 2.24 | 88.96 | 70.59 | 86.56 | 67.04 | -- | -- | 0.00 | 0.00 | -23.55 | -22.95 | -26.68 | -24.65 | -- | -- |
| Sequoia Economic Infrastrctr Incm Fd Ltd | 97.77m | 79.56m | 1.23bn | 0.00 | 16.07 | 0.8818 | -- | 12.56 | 0.0514 | 0.0514 | 0.0629 | 0.9367 | 0.0648 | -- | -- | -- | 5.27 | 5.05 | 5.32 | 5.18 | 82.37 | 83.67 | 81.37 | 80.62 | -- | -- | 0.0225 | 123.59 | -26.70 | -- | -27.73 | -- | -- | 1.96 |
| JPMorgan Japanese Investment Trust PLC | 249.86m | 241.40m | 1.26bn | 0.00 | 5.34 | 1.05 | -- | 5.03 | 1.49 | 1.49 | 1.54 | 7.58 | 0.2183 | -- | 40.00 | -- | 21.09 | 3.22 | 21.64 | 3.30 | 97.87 | 85.40 | 96.61 | 79.46 | -- | -- | 0.0507 | 30.05 | 38.31 | -2.20 | 40.56 | -2.30 | -- | 11.27 |
| Aberforth Smaller Companies Trust plc | 114.11m | 96.24m | 1.29bn | 0.00 | 13.85 | 0.9328 | -- | 11.27 | 1.18 | 1.18 | 1.40 | 17.45 | 0.0769 | -- | 33.99 | -- | 6.48 | 7.85 | 6.65 | 7.98 | 91.38 | 92.17 | 84.33 | 87.25 | -- | 22.25 | 0.0513 | 36.34 | -33.22 | -- | -36.52 | -- | -- | 7.04 |
| Georgia Capital PLC | 527.84m | 526.16m | 1.29bn | 45.00 | 2.48 | 0.9004 | -- | 2.44 | 15.02 | 15.02 | 15.07 | 41.37 | 0.431 | -- | -- | -- | 42.97 | 21.60 | 42.97 | 21.60 | -- | -- | 99.68 | 98.78 | -- | -- | -- | -- | 415.81 | 41.13 | 422.43 | 41.78 | -- | -- |
| Bankers Investment Trust PLC | 230.72m | 216.69m | 1.30bn | 0.00 | 6.53 | 0.9345 | -- | 5.63 | 0.2072 | 0.2072 | 0.2156 | 1.45 | 0.1476 | -- | 50.00 | -- | 13.87 | 8.59 | 13.90 | 8.64 | 96.01 | 93.23 | 93.92 | 90.28 | -- | -- | 0.0803 | 22.59 | -5.47 | 26.66 | -5.77 | 29.44 | -- | 4.96 |
| Worldwide Healthcare Trust PLC | -148.71m | -168.47m | 1.33bn | 0.00 | -- | 0.9918 | -- | -- | -0.3233 | -0.3233 | -0.3073 | 3.54 | -0.0818 | -- | -- | -- | -9.26 | 2.87 | -9.85 | 3.03 | -- | 73.57 | -- | 69.87 | -- | -- | 0.00 | 23.15 | -180.77 | -- | -204.28 | -- | -- | -0.8131 |
| Rosebank Industries PLC | -100.00bn | -100.00bn | 1.33bn | -- | -- | 4.44 | -- | -- | -- | -- | -- | 0.7383 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.0311 | -- | -- | -- | -- | -- | -- | -- |
| Burford Capital Limited | 309.12m | 46.79m | 1.38bn | 172.00 | 30.67 | 0.7529 | -- | 4.46 | 0.2053 | 0.2053 | 1.40 | 8.36 | 0.0645 | -- | -- | 1,797,227.00 | 1.13 | 4.44 | 1.29 | 5.23 | -- | -- | 17.46 | 42.99 | -- | 1.72 | 0.4049 | 10.01 | -24.31 | 4.74 | -57.28 | -15.27 | -4.63 | 0.00 |
| Schiehallion Fund Ltd | 255.16m | 245.35m | 1.40bn | 0.00 | 5.74 | 1.25 | -- | 5.47 | 0.3205 | 0.3205 | 0.3335 | 1.47 | 0.2541 | -- | 175.12 | -- | 24.44 | 2.57 | 24.53 | 2.59 | 96.79 | 79.19 | 96.16 | 75.82 | -- | -- | 0.00 | 0.00 | 112.76 | 54.56 | 128.69 | 54.81 | -- | -- |
| Fidelity China Special Situations PLC | 590.06m | 557.14m | 1.40bn | 0.00 | 2.64 | 0.8298 | -- | 2.36 | 1.13 | 1.13 | 1.19 | 3.59 | 0.376 | -- | 98.88 | -- | 35.50 | 4.86 | 36.61 | 5.09 | 94.78 | 72.57 | 94.42 | 69.96 | -- | -- | 0.00 | 41.72 | 314.48 | -- | 258.35 | -- | -- | 13.49 |
Data as of Mar 05 2026. Currency figures normalised to Herald Investment Trust's reporting currency: UK Pound GBX
85.66%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Saba Capital Management LPas of 30 Oct 2025 | 12.02m | 25.13% |
| Rathbones Investment Management Ltd.as of 30 Jan 2026 | 5.09m | 10.63% |
| Merrill Lynch International (Investment Management)as of 12 Jan 2026 | 3.67m | 7.67% |
| BlackRock Investment Management (UK) Ltd.as of 02 Feb 2026 | 3.59m | 7.51% |
| Soci�t� G�n�rale Gestion SAas of 31 Dec 2024 | 2.97m | 6.21% |
| Interactive Investor Services Ltd.as of 31 Dec 2024 | 2.92m | 6.10% |
| Allspring Global Investments LLCas of 06 Sep 2023 | 2.85m | 5.96% |
| Barclays Bank Plc (Private Banking)as of 12 Jan 2026 | 2.70m | 5.65% |
| Hargreaves Lansdown Asset Management Ltd.as of 31 Dec 2024 | 2.66m | 5.55% |
| Lazard Asset Management LLCas of 31 Dec 2023 | 2.52m | 5.26% |
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Data from 31 Dec 2025 - 02 Feb 2026Source: FactSet Research Systems Inc.
