Companies engaged in the design, development, and support of computer operating systems and applications. This sector also includes companies that provide computer technology consulting services, manufacturing of computer equipment, data storage products, networking products, semi - conductors and components. Companies in this sector include Apple, Google and Rightmove PLC
Herald Investment Trust (HRI) announced its half year results for the period ended June 30 2023. NAV for the company fell 0.3% while shares fell 1.8%, outperforming the Numis Smaller Companies Index which fell 1.8%, although the Russell 2000 Technology Index was up more than 16%. Herald operates a global portfolio with exposure to several […]
Augmentum Fintech (AUGM) announced its audited annual results for the year ended 31 March 2023. NAV per share increased by 2.4%, however shares fell 27.1% with the company’s discount widening to 37%. Chairman Neil England commented on the performance, noting: “Shareholders will be fully aware of the significant market volatility throughout the year under review. […]
As fears that high interest rates may persist, we examine how a potential recession could affect equities with Alliance Trust Stock Pickers Ben Whitmore and C.T. Fitzpatrick in the latest of our ‘The big question’ interviews. previous story | next story
In Alliance Trust’s latest manager interview, Brian Kersmanc and Andrew Wellington share their views on the most important drivers of stock returns and to what extent the macro influences their investment decisions. Filmed: April 2023 previous story | next story
Herald Investment Trust (HRI) has announced its final results for the year ended 31 December 2022. NAV fell 22.8% during the year, underperforming its benchmark index, the Numis Smaller Companies plus AIM (ex. investment companies), which fell 22.8%. However, the company did outperform the small cap Russell 2000 Technology Index (in sterling terms) which was […]
Polar Capital Technology dragged down by tech retrenchment after last year’s outperformance – Polar Capital Technology (PCT) has posted its final results for the year to 30 April 2022. Over the year, its NAV fell by 7.7% and the share price fell by 13.7% as the discount widened, both behind the index which fell by […]
Augmentum Fintech enjoys NAV uplift but share price suffers – Augmentum Fintech (AUGM) has posted its final results for the year to 31 March 2022, during which time its NAV per share after performance fee delivered 19%. However, the share price and total shareholder return, down by 16%, did not reflect the strong performance of […]
In QuotedData’s morning briefing 24 June 2022: Literacy Capital (BOOK) has announced that it has received approval as an investment trust, with effect from its accounting period commencing on 1 April 2022. Augmentum Fintech (AUGM) has announced that, following the publication of its annual results on 4 July 2022, it will be holding a capital […]
It is no secret that the US is the biggest player in the technology space, with a market value of about $1.5trn compared to a global market value of around $5.2trn. The country is home to some of the biggest tech firms in the world and probably the next generation of them with almost 500,000 […]
Ben Rogoff, Fund Manager, Polar Capital Technology Trust The term ‘metaverse’ exploded into popular consciousness last November, when Mark Zuckerberg rebranded Facebook as Meta; thereby making a very public declaration that he was pinning the company’s future on this concept, which is still widely debated in terms of its definition and use. Watch Ben Rogoff […]
Allianz Technology announces results as Walter Price prepares to stand down – Allianz Technology reports that, over the year ended 31 December 2021, the NAV return was 19.4% and the shareholder return 18.7%, whilst the benchmark Dow Jones World Technology Index (sterling adjusted, total return) increased by 28.2%. As usual, there is no dividend. Mike Seidenberg will […]
In QuotedData’s morning briefing 3 December 2021: Augmentum Fintech (AUGM) has said that, if abrdn’s proposed acquisition of AUGM’s portfolio company interactive investor goes ahead based on its understanding of the terms of the transaction, this implies a valuation for AUGM’s investment in interactive investor of £42.4 million (30 September 2021: £36.7 million) subject to […]
The boards of Amsterdam-based Prosus and Naspers have announced that Prosus intends to acquire up to 45.4% of shares in Naspers, its South Africa-based parent company. Prosus owns a 28.9% stake in Tencent, the Chinese software and gaming behemoth. Both Prosus and Naspers trade at a discounted value to their stake in Tencent, which according to market reports […]
One of this week’s highlights was Herald’s (HRI’s) annual results for the year ended 31 December 2020. The performance numbers are impressive, a 37% return on NAV and a 51% return for shareholders, helped by some discount narrowing. Herald also celebrated another milestone, you may remember that back in 2017, we published a note – […]
Herald reports impressive returns – Herald Investment Trust has published its annual report for the year ended 31 December 2020. Its NAV increased by 37% over the year. This compares to an increase of 4.9% for the Numis Smaller Companies plus AIM (ex. investment companies) Index – UK assets make up about half the portfolio – and […]
Technology sector trust, Allianz Technology (ATT), has reported interim results to 30 June 2020. It was an outstanding period for the fund, with technology flourishing over the pandemic. ATT’s NAV increased by 36.7%, while the shares delivered a return of 36.9%. Benchmark beat led by remote working and stay at home ATT comfortably beat its […]
The State of Play Gaming has come a long way since the days when it was (unfairly, in our view) regarded as a niche form of entertainment for a niche demographic. Video games have gone mainstream and, somewhat under the radar, become the largest and fastest growing form of media. NewZoo estimates that the global […]
A great year for Herald shareholders – over 2019, investors in Herald Investment Trust made returns of 37.7%. 27.5% of that came from the NAV return and the rest from a narrowing of the trust’s discount from 17.8% to 11.3%. The report says that over the same period the Numis Smaller Companies Index (of UK […]
Augmentum Fintech has announced that it has invested £5m in the on-line mortgage broker and lender, Habito. Habito (www.habito.com) says that it searches the whole market (90+ lenders, 20,000+ mortgages) to find its customers the best mortgage based on their circumstances About Habito Habito describes itself as “transforming the United Kingdom’s £1.3 trillion mortgage market […]
In QuotedData’s other news 15 July 2019: The multi-strategy absolute return fund, Independent Investment Trust (IIT), reported half-year results to 31 May 2019 this morning; the NAV and shares were up by 6.5% and 4.7% respectively. Previously classified as a global fund, IIT is now falls under UK, following the Association of Investment Companies (AICs) recent […]
Polar Capital Technology delivers benchmark beating annuals – Polar Capital Technology (PCT) has this morning announced full-year results to 30 April 2019 with NAV up by 24.7% year-on-year while the shares rose by 17.9%. PCT’s benchmark is the dow jones world technology index; PCT outperformed the benchmark, both last year by 5.6% and this year […]
Augmentum Fintech raises £25.8m after promising first year – Augmentum Fintech (AUGM) published its first set of annual results last month, (click here to read this story) and has this morning announced that it has raised gross proceeds of £25.8m through an equity issue. At the end of first yearly results period, to 31 March […]
Augmentum Fintech off to a good start – Augmentum Fintech has published its first set of accounts covering the period from launch to 31 March 2019. The NAV immediately after launch was 99p, at the end of the period it stood at 109.6p. The shares were trading at a small premium to that level. The […]
Polar Capital Technology amends fees – Polar Capital Technology’s board has decided to amend its management fee to reflect the growth of the fund, strong performance in both absolute and relative terms, and in light of the impact of MiFID II with regard to contributions to research costs. Going forward, the trust will no longer make […]
HgCapital to exit Foundry with strong return – The private equity firm Hg, manager of the tech-focused HgCapital Trust (HGT) has announced the sale of Foundry to Roper Technologies for £410m. Hg acquired Foundry, a leading global developer of high-end visual effects and 3D design software, in 2015. HGT will receive cash proceeds of £28m from […]
Allianz Technology stock selection delivers benchmark beat – In the 13 months to 31 December 2018, Allianz Technology Trust’s (ATT) NAV per share increased by 9.0%. The company’s benchmark index, the Dow Jones World Technology Index (sterling adjusted, total return), increased by 0.1% over the same period. More volatility around tech For the technology sector, […]
Herald Investment Trust (HRI) has announced results for the year ended 31 December 2018. During the year, HRI’s NAV fell by 4.9%, while its share price fell by 8.2%, reflecting a widening of the discount during the period. HRI says that this compares against a fall in the Numis Smaller Companies Index plus AIM (ex. […]
QuotedData join the Master Investor Show 2019 main stage line-up – QuotedData is, once again, a key sponsor for the Master Investor Show. Edward Marten, QuotedData’s CEO, shall join the Main Stage line-up on Saturday, 6 April, at London’s Business Design Centre. We’d love to see as many of you as we can at the event. […]
Shift to global helps Manchester and London outperform- Manchester and London (MNL) has reported an NAV total return per share of 26.9% (2017’s NAV return was 22.3%). This compares well with the benchmark, which is the MSCI UK Investable Market Index, which posted a NAV of 9.23%. Manchester and London has beaten its benchmark over […]
Polar Capital Tech beats its benchmark again – Polar Capital Technology Trust has reported another year of outperformance. In the year to 30 April 2017, NAV rose by just over 56.0%, over the year to end April 2018, it rose by another 22.7%, taking NAV per share to 1,159.69p and the net assets of the company to £1,551.6m. The share price […]
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