Tech bids demonstrate value

”‹Herald Investment Trust’s (HRI’s) manager believes recent portfolio activity (bids for Avesco and Mentor Graphics) shows that HRI’s NAV does not reflect the true valuations of the underlying companies, particularly when a trade buyer is looking to gain control. The UK is seeing considerable expansion from the major technology players (such as Amazon, Apple and Google). HRI’s manager thinks that this development is expanding the skillset of the sector and boosts the ecosystem that supports thes...