Finsbury Growth & Income Share Discussion Threads

[rob the slob] 13/3/2021 00:15

Reminds me of one of my fav poems. Its called Ketchup...."If you do not shake the bottle, none 'll come and then a lot'll."

[steve3sandal] 12/3/2021 14:38

A number of the highest weighting’s in here are 20/30% off recent highs and even more in HL. But they will eventually report better earnings and the SPs will eventually catch up. One of Nick Trains analogies is trying to get sauce out of a bottle. You shake and shake, nothing, then everything comes out at once. Currently there’s a lot of shaking and nothing. It’s a top up time IMO.

[thaiger] 12/3/2021 11:30

Expected it to do well as they have holding in Burberry which just issued "Ahead of expectation" trading statement!

[spangle93] 12/3/2021 06:51

I thought this trust would do well from all the "growth was soooo 2020, return to value" articles I've been reading, but it steadfastly sticks at or around 850p

[andyj] 12/3/2021 00:07

I am beginning to lose faith here. Buy and do nothing works well when shares are in long term uptrends, but not so well when those turn. Monitoring closely...

[spangle93] 26/10/2020 11:33

ref post 33

The UK Buffettology Trust didn't get sufficient support and the IPO got yanked. But there's still the OIEC

[ih_419191] 26/10/2020 09:38

I am a fan of the overall approach and like most of the holdings. The one I would question is Unilever due to the secular shift in their largest markets to own brand labels. My biggest issue with the fund is the way Nick Trane speaks to its investors. He is like an overly arrogant Cambridge Don speaking to a bunch of kids at the local comprehensive school. He speaks so slowly and like you are all a bunch of idiots. Really makes you just want to give him a smack. Alongside most of his UK investment Fund peers (inc RIT, City of London, Witan, BES etc) they have walked like lemmings off the cliff and failed to recognize the seismic shifts and changing nature of what constitutes value in 2020. If you like value look to Japan / Asia not Unilver and Mondelez.

[spangle93] 09/10/2020 22:12

Good timing Steve3

I bought in July 2018, and for the last 4 months have been bouncing either side of breakeven. It certainly has a different mix of investments to others, but feels that the post-March recovery stalled long ago whereas other UK trusts display better performance.

I'm wondering whether to buy the new UK Buffettology Trust BUFF at launch, or whether it will immediately drop to a discount to NAV at which stage it would be better value.

[spangle93] 09/10/2020 17:03

Looks like a trust that's lost its mojo?

Worth holding for the future, or are there better stories out there?

[spangle93] 09/6/2020 16:08

New Edison update

[masurenguy] 21/4/2020 01:23

Finsbury Growth & Income Trust: Train worth boarding in tough times
The Times: 21 April 2020

In volatile markets such as these, it must be tempting for investors to turn to traditional stalwarts, perceived to offer safety when the world looks shaky. Finsbury Growth & Income Trust is a good example of one of these vehicles, highly popular among individual investors because of its very strong track record in creating value. An investment trust that is a constituent of the FTSE 250, Finsbury Growth & Income Trust has flourished since 2000, when Lindsell Train — and one of its founders, Nick Train, 60 — took control of the portfolio and the investment process.

Complete article:

[tartshagger] 18/3/2020 10:00

I'm here. Sell before the "herd immunity" strategy gets you. Mobile crematoria manufacturers are holding up well

[noiseboy] 18/3/2020 09:39

Anybody here?!

[andyadvfn1] 03/10/2019 08:25

Xd today. Not a lot ...every little bit helps :-)

[sharesoc] 04/3/2019 15:16

There is a detailed report on Finsbury Growth & Income Trust's recent AGM which can be found in our members area here:

To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here:

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here:

[marksp2011] 17/2/2019 11:23

This is a core holding in my portfolio and I buy every month and have been for 10 years

I prefer the LT Global Equity Fund portfolio it is a shame that isn't available as an IT as Michael Lindsell is as successful as Nick T.

If this was the only bright idea I had had, I would have retired long ago :)

I also hold uLVR,Reed, Diageo and Sage as individual holdings.

[spangle93] 05/2/2019 22:53

Promising little recovery happening here.

[wirralowl] 11/10/2018 15:59

Hi jonwig, don't know if you've seen the articles, but I think Train's theory is disruptive tech bringing about an increase in MU's value:

hxxps://www.investmentweek.co.uk/investment-week/analysis/3032795/nick-train-hopes-to-increase-weighting-in-manchester-united-before-stock-trebles-in-value

Indeed Amazon have already successfully bid for 20 PL matches to be streamed live on Prime:



I suppose ultimately it could lead to certain clubs negotiating their own deals directly with media platforms, which presumably could lead to big increases in the top clubs.

FWIW I topped up in my SIPP today at 741p.

[jonwig] 11/10/2018 14:39

It may be. But "It is, and ever shall be"? That isn't a given. N T's method is buy-and-hold.

I was recommended this by a broker, and bought. I still hold, and view this share price as a discount correction. But would ask him to revisit that one stock selection.

[mozy123] 11/10/2018 13:46

Its the best sports brand in the world. Why not?

[jonwig] 11/10/2018 12:40

The only thing about N T I'm doubtful about is his enthusiasm for Man Utd (as a company, not a team). Can the company deliver earnings on the back of poor on-field performance?

[ny boy] 11/10/2018 12:31

Support at 720p, if that holds, could be a bottom?