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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Finsbury Growth & Income Trust Plc | FGT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 14.00 | 1.61% | 881.00 | 16:35:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 872.00 | 867.00 | 879.00 | 881.00 | 867.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 20/09/2024 | Interim | GBP | 0.108 | 03/10/2024 | 04/10/2024 | 08/11/2024 |
| 26/03/2024 | Interim | GBP | 0.088 | 04/04/2024 | 05/04/2024 | 17/05/2024 |
| 22/09/2023 | Interim | GBP | 0.105 | 05/10/2023 | 06/10/2023 | 10/11/2023 |
| 28/03/2023 | Interim | GBP | 0.085 | 06/04/2023 | 11/04/2023 | 19/05/2023 |
| 06/09/2022 | Interim | GBP | 0.098 | 29/09/2022 | 30/09/2022 | 04/11/2022 |
| 16/03/2022 | Interim | GBP | 0.083 | 31/03/2022 | 01/04/2022 | 13/05/2022 |
| 14/09/2021 | Interim | GBP | 0.091 | 07/10/2021 | 08/10/2021 | 12/11/2021 |
| 16/03/2021 | Interim | GBP | 0.08 | 01/04/2021 | 06/04/2021 | 14/05/2021 |
| 15/09/2020 | Interim | GBP | 0.086 | 08/10/2020 | 09/10/2020 | 13/11/2020 |
| 16/03/2020 | Interim | GBP | 0.08 | 02/04/2020 | 03/04/2020 | 15/05/2020 |
| Top Posts |
|---|
Posted at 08/8/2024 11:11 by essentialinvestor SDR rapidly turning in to a terrible hold decision.FGT may need to buy back extraordinary amounts of their own shares to avoid the % discount blowing out to double digits. |
Posted at 30/7/2024 08:33 by spectoacc Woe betide anything happen to the highly-rated RELX, LSEG, or EXPN. All good co's, but now well over a third of FGT, & all low-yielders (1.6%, 1.2%, 1.3%, acc HL). |
Posted at 23/7/2024 20:26 by steve3sandal1 Couple of Board actions potentially supportive. Cancellation of Share Premium creating distributive reserves. And a GM for us to authorise another 15% buyback, they've done 10% since last AGM already. I also noted a Cap Gearing Trust presentation this week flagging FGT and Smithson as discount special situations. So the buybacks should continue and already quite aggressive. Obviously needs better underlying performance from their top 10 which will be quite busy this month end Unilever, Diageo reports and HL board decision 5 Aug. FWIW I think HL at £11ish to PE would be a disgraceful deriliction of stewardship of future returns. I'm trying to find better ideas than topping up again here. |
Posted at 22/7/2024 11:28 by shieldbug Judge Train on long term performance. The trouble with this is that if his strategy has only been successful because we have been living through a period that supports his thesis - then we have (he has) a problem when that changes.It might not have changed, this could be a blip and FGT powers higher but the share price is quite a bit down on where it was 5 years ago. One of my discomforts with Train is he never really presents a fundamental valuation argument for his holdings - while he often talks of relative value. I sometimes do wonder if he really is an entirely narrative based investor. |
Posted at 19/7/2024 12:59 by growthpotential You gotta love it, you can downvote the comment presumably meaning you disagree. Like if you are not happy with your losses, 1) you should accept that investing is simply not for you, 2) sell your FGT holding and move on. Lol, just lol! |
Posted at 19/7/2024 11:56 by growthpotential Not a holder of FGT, but I do hold a few of the holdings directly (RMV, FEVR, HL, DGE, LSEG). I cannot understand the criticism, judge Train on the long term performance, you have to admire how he has stuck to his investment style, which I imagine you were not complaining on the way up. Other funds might be doing better but are far more volatile...and I am saying this from having a fair few technology holdings |
Posted at 15/7/2024 11:12 by essentialinvestor That's some of the fund divided income gone and I can't see a quick reinstatement of the BRBY dividend -it's also likely to be significantly lower If/when the reinstatement occurs. |
Posted at 02/7/2024 10:07 by steve3sandal Following up a conversation on the managers other IT LTI.Ref FGT Quite a few ITs have the flexibility to go to 20% international and IIRC FGT has this optionality. However, Nick has actively been selling down FGT international holdings ostensibly because UK listed are such good value. I suspect it’s those intl sales which are raising cash for buybacks. £43M shares in Treasury is an overhang and I think these should be cancelled (another letter coming on!). |
Posted at 04/6/2024 14:24 by steve3sandal Some interesting observations in my email this morning. Look across to peers suggests trough is past, though there are lots of moving parts. Certainly the opportunity to kitchen sink 2023/4 but I suspect it’s discounted. FGT allows one to top up your drinks at an FGT discount to Covid low prices. I’m hopeful we are near the bottom.LIBRARIAN CAPITAL JUN 3 ∙ PREVIEW READ IN APP Highlights Shares of spirits makers have fallen to multi-year lows, including Diageo’s. Recent results show cyclical weakness, not reason to doubt structural growth. Diageo sales fell just 1.4% in Jul-Dec; Jan-Jun is expected to be better. Peers’ Jan-Mar results showed overall momentum, especially outside the U.S. At 2,643.5p, we see a 59% total return (16.9% p.a.) by June 2027. Buy. Introduction We revisit our Buy rating on Diageo after shares closed at a new 52-week low last week. Shares are now less than 10% above their March-2020 pandemic trough and show a P/E of less than 19x relative to pre-COVID FY19 earnings: Diageo Share Price (Last 5 Years) Source: Google Finance (03-Jun-24). We have been wrong on Diageo. Shares have lost 13.2% (after dividends) in the 5 years since we initiated our Buy rating on Diageo in July 2019. Diageo has also been part of our “Select 15” model portfolio since its inception at the start of 2023, and currently shows an unrealised loss of about 16%. We have also lost money on Diageo in real life. Shares of other Spirits companies, including Pernod Ricard, Rémy Cointreau and Brown-Forman, are also at multi-year lows. We believe investors over-reacted to weak growth in recent results and extrapolated that to be the long-term trend. The key components of our Diageo investment case are that premium spirits companies will continue to grow sales at mid-to-high single-digits, margins will continue expanding, and FY19 was a relatively normal year. Recent sector results, while showing cyclical volatility inherent in the sector, remain consistent with these assumptions |
Posted at 14/5/2024 21:18 by spangle93 Careful GP. Nick Train is god-like and must be revered no matter how bad he performanceAnother winner Lindsell Train’s Nick Train is backing Schroders’ (SDR) ‘patiently executed strategy’ despite the asset manager’s shares taking a tumble. Shares in Schroders, a top-10 holding accounting for 4.9% in Train’s £1.7bn Finsbury Growth & Income (FGT) investment trust, are down 13% this year. Train said he ‘understands the reasons the industry is out of favour’ but insisted Schroders had a ‘differentiate ‘Schroders has a clearly articulated and patiently executed strategy to shift its business mix to higher growth and higher margin segments, such as private wealth and private equity, and the strategy is clearly working,’ he said. Following its recent results, the management highlighted the ‘value that has been created within Schroders, through its investment in new business lines that have, to date, been cost centres rather than profit generators’, he said. This includes a joint wealth venture with Lloyds that now has £14bn of assets under management but only contributed £2m to group profits. This could deliver £40m a year and more in coming years. ‘You pay 11 times earnings for Schroders today, a business with 30% Ebitda margins and valued at £6bn, with £750bn of assets under management, £600m of surplus capital and a dividend yield just shy of 6%,’ he explained. ‘If the company can deliver even a smidgen of secular growth, then that rating and share price could change meaningfully for the better.’ |
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