(Alliance News) - Saba Capital Management LP on Monday addressed "misleading" claims as it continues to push for management change at seven investment trusts. Read More
(Alliance News) - Herald Investment Trust PLC on Thursday urged shareholders to vote against resolutions proposed by Saba Capital Management LP at the upcoming general meeting, citing the hedge fund’s track record of underperformance and the potential for significant value loss under its proposed strategy. Read More
(Alliance News) - Saba Capital Management LP on Thursday offered shareholders of Herald Investment Trust PLC a full cash exit at 99% of net asset value if Saba's attempts to reconfigure the board are successful. Read More
(Alliance News) - Keystone Positive Change Investment Trust PLC on Tuesday said Saba Capital Management LP has "dramatically overstated" its underperformance, as Saba aims to drive management shake-ups at several "underwhelming" firms in its portfolio. Read More
(Alliance News) - Saba Capital Management LP on Monday pushed back on claims made by two of its investees, as the company aims to drive management shake-ups at several "underwhelming" firms in its portfolio. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Monday asked shareholders to vote against motions proposed by Saba Capital Management LP, which criticised "underwhelming" performance at seven London-listed trusts last month. Read More
(Alliance News) - Keystone Positive Change Investment Trust PLC on Monday urged shareholders to vote against motions proposed by Saba Capital Management LP, which criticised "underwhelming" performance at seven London-listed trusts. Read More
(Alliance News) - Herald Investment Trust PLC on Friday urged shareholders to vote against motions proposed by Saba Capital Management LP, which had last month hit out at an "underwhelming" performance at a number of London-listed trusts. Read More
(Alliance News) - London's FTSE 100 is called to open slightly lower on Friday, after emerging from the new year with a hefty rise on Thursday. Read More
(Alliance News) - The seven investments trusts called out for poor performance by Saba Capital Management LP defended themselves in statements issued on Wednesday and Thursday. Read More
(Alliance News) - Six of the seven investments trusts called out for poor performance by Saba Capital Management LP defended themselves in statements issued late on Wednesday. Read More
(Alliance News) - Saba Capital Management LP on Wednesday called on investors of seven investment trusts to oust current management after "underwhelming", and in some cases "disastrous" shareholder returns. Read More
(Alliance News) - The FTSE 100 was called to open higher on Wednesday, as investors prepare for various interest rate decisions this week including from the UK and Japan. Read More
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
Herald Investment Trust PLC - London-based investment trust, which specialises in technology, media and communications companies - Says net asset value at December 31 was 2,219.2 pence each, up 5.7% from 2,099.1p the year before. Says it recommends no dividend for 2023 as its revenue reserve is currently in deficit. NAV total return is 5.7%, compared to the Numis Smaller Companies index benchmark of 3.2%. Read More
(Alliance News) - Herald Investment Trust PLC on Wednesday reported a slight decrease in its net asset value and mixed investee performances, but said its portfolio remains generally sound overall. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Herald Investment Trust PLC on Thursday said its net asset value fell due to recent stock market declines, and expressed "many reasons to be anxious" about its outlook. Read More
Herald Investment Trust PLC - London-based investment trust focusing on technology, media and communications companies - Says net asset value per share excluding accrued income on December 31 is 2,098.8 pence, down 2.3% from 2,148.2p on November 30. Notes Russell 2000 Technology Index fell by 6.8% during the same period, meaning Herald Investment Trust's declining NAV per share outperforms benchmark index. Read More