IN BRIEF: Herald Investment beats benchmark as AI investees rise
24th Jul 2024 14:16
Herald Investment Trust PLC - London-based investor in technology, media and communications companies - Net asset value is 2,472.8p as of June 30, up 11% from 2,219.2p at December 31. Total return for first half of 2024 is positive 7.0%, compared with a positive 4.2% return from the Deutsche Numis Smaller Companies plus AIM (excluding investment companies) index. Says companies supplying enabling technology for artificial intelligence accounted for the positive return, with Super Micro Computer contributing a GBP74.0 million gain. YouGov meanwhile "performed poorly" with a GBP15.1 million loss, although "in general trading in investee companies has been satisfactory". Read More