Professional
Added to YB: 2026-01-15
Pitch date: 2026-01-13
HRI.L [neutral]
Herald Investment Trust PLC
-0.38%
current return
Author Info
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Company Info
Herald Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Herald Investment Management Limited.
Market Cap
GBP 1.2B
Pitch Price
GBP 26.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
42.38
EV/Sales
24.83
Sector
Capital Markets
Category
special_situation
Show full summary:
ToffCap's Monday Monitor - Herald Investment Trust
HRI.L (update): Herald Investment Trust to initiate tender offer at ~NAV (~7% upside) to price out Saba Capital's ~25% stake. If Saba won't sell, Herald will launch alternative backstop tender with lower approval threshold. Management clearly concerned about potential Saba takeover.
Read full article (1 min)