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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lindsell Train Investment Trust Plc | LSE:LTI | London | Ordinary Share | GB0031977944 | ORD 75P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -5.00 | -0.63% | 790.00 | 371 | 16:35:01 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 782.00 | 798.00 | 810.00 | 782.00 | 810.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 1.16M | -771k | -3.8550 | -203.37 | 156.8M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:25:55 | O | 100 | 78,368.00 | GBP |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/4/2024 | 11:39 | UKREG | The Lindsell Train Investment Trust Plc - Net Asset Value(s) |
| 16/4/2024 | 15:28 | UKREG | The Lindsell Train Investment Trust Plc - Director/PDMR Shareholding |
| 15/4/2024 | 16:20 | UKREG | The Lindsell Train Investment Trust Plc - Net Asset Value(s) |
| 11/4/2024 | 10:37 | UKREG | The Lindsell Train Investment Trust Plc - Director/PDMR Shareholding |
| 11/4/2024 | 10:36 | UKREG | The Lindsell Train Investment Trust Plc - Director/PDMR Shareholding |
| 09/4/2024 | 17:51 | UKREG | The Lindsell Train Investment Trust Plc - Director/PDMR Shareholding |
| 08/4/2024 | 16:37 | UKREG | The Lindsell Train Investment Trust Plc - Net Asset Value(s) |
| 27/3/2024 | 12:07 | UKREG | The Lindsell Train Investment Trust Plc - Net Asset Value(s) |
| 21/3/2024 | 09:54 | UKREG | The Lindsell Train Investment Trust Plc - Monthly Report as at 29 February.. |
| 20/3/2024 | 09:49 | UKREG | The Lindsell Train Investment Trust Plc - Director/PDMR Shareholding |
Lindsell Train Investment (LTI) Share Charts1 Year Lindsell Train Investment Chart |
|
1 Month Lindsell Train Investment Chart |
Intraday Lindsell Train Investment Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/4/2024 | 16:08 | Lindsell Train Investment Trust plc | 955 |
| 28/3/2022 | 11:58 | Good News | 3 |
| 22/6/2007 | 22:38 | Forgive me for being thick | 1 |
| 21/6/2007 | 20:41 | Forgive me for being thick | - |
| 18/6/2001 | 17:32 | Down 98% - What happened??? | 13 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-19 16:05:17 | 78,368.00 | 100 | 0.00 | O |
| 2024-04-19 15:25:57 | 78,533.47 | 4 | 0.00 | O |
| 2024-04-19 14:50:30 | 784.00 | 5 | 0.00 | AT |
| 2024-04-19 14:49:31 | 790.00 | 4 | 0.00 | AT |
| 2024-04-19 14:36:21 | 782.00 | 9 | 0.00 | AT |
| Top Posts |
|---|
Posted at 19/4/2024 09:20 by Lindsell Train Investment Daily Update Lindsell Train Investment Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker LTI. The last closing price for Lindsell Train Investment was £795.Lindsell Train Investment currently has 200,000 shares in issue. The market capitalisation of Lindsell Train Investment is £156,800,000. Lindsell Train Investment has a price to earnings ratio (PE ratio) of -203.37. This morning LTI shares opened at £810 |
Posted at 16/4/2024 22:18 by giltedge1 Hello FABIUS1, I agree on ULVR/DGE holding back performance posted the same comments a few months back. Just to clarify DGE ceo a 'her'last I read, Debra Crew. ULVR takeover £110B so north of £40. Of course makes 5 years NAV look bad for LTI funds, due to ULVR price spike back then. LTI policy to maintain capital over long term, so both shares last 20 years up over 5x, including divs so meets criteria, last few not so good, depending on reference point.I know some old timers who paid single digits for both, so whether 35 or 40 for ULVR not concerned as long as keep churning out divs. Would,t discount either ULVR starting buy back soon, DGE strong brands I was buying Johnny Walker & Gordons gin 40 years ago still going strong. Admit this year tough for LTI due to falling AUM. Managed to exit ULVR, FGT, SDR for good gains as doubling up with LTI. Unfortunately didn,t sell LTI, had negative vibe at last AGM but fell into 'loss aversion' psychology. Live in hope but need turn around in ULVR, DGE, SDR & BURB, & new chairman to shake up. LT still very profitable at £15B AUM. |
Posted at 12/4/2024 09:58 by fabius1 giltedge1 - Yes, it has been bouncing off @£792 but the price trend is down. Stepping back from this for a moment, if we look at two key constituents of LTI (and many funds for that matter), Unilever & Diageo. ULVR - good brand but in the process of sorting itself out after a few years of neglect. My target is @£31 ish. Long term channel support,key support area and more realistic price to cash flow etc. let's not forget that W Buffett made an offer at @ 32.74 (I recall) back in frothier times before beating a hasty and embarrassed retreat. However, that might come into play when it is well known that he is less than sanguine on current market valuations balanced against a shortage of good value potential portfolio acquisitions. DGE - A 'brand of brands' driven by a good but 'charismatic' former late CEO and a series of acquisitions but really a bit of a debt junky and now facing a headwind of higher costs of capital and a new CEO who has yet to earn his spurs in testing times. Long term channel support and historic support area suggests @ £21 ish on the back of questionable price to cash flow etc. Now those price targets represent @ 20% corrections. On a macro basis, cross reference the correlation in percentage terms and you get @ £643 on LTI and @ 326p on the bellweather CTY although I would settle for 300-280p or so. By the way, I am not a chartist but it certainly helps with joining up the 'possible' dots. |
Posted at 28/3/2024 13:20 by flyer61 Share price action today is not great given we have had a gradual rise these last few weeks. Bought more at £792 on a buy order set price.I'm assuming someone knows of mandate losses for LTL coming down the line. That being said if you strip out our share of the cash held at LTL then the Fund management business is basically in for free at this share price AG Barr results were excellent with corresponding 10% share price rise. A little more clarity from LTL on how things are going wouldn't go amiss. I do hope our new Chairman is actually going to try and work in all shareholder interests here... Continue to hold.... |
Posted at 15/3/2024 13:18 by cc2014 Also OT but I've been pondering this question for some time without any progress.There are any number of IT's running at large discounts. Some might be there for a reason but I'm sure we are all looking like one such as RIT mentioned by EI and wondering whether these are the bargains of a lifetime as a result of ZIRP then high interest rates or not. The question I cannot get my head round is what happens if the S&P falls 10% (which I think it will). Will the NAV fall but the share price stay broadly the same so the discount closes or will the discount stay the same and the share price fall even further. Because if pushed I'm thinking the share price will just fall and the discount won't close. Which makes investing very difficult. Or maybe I'm completely wrong on that and all that's required to close the discount is for interest rates to fall. Answers on a postcard please... |
Posted at 01/3/2024 10:15 by jamielein LTI may have the authority to buy back shares but they're not going to do it, if history is anything to go by.They have 200,000 shares in existence and this has never changed. There's obviously been a large seller here and they've been forced to sell at a sizeable discount due to lack of liquidity. Maybe they're worried about the long term future of Lindsell Train Limited, or maybe they're selling for completely unrelated reasons. My hope is that LTI continue to pay out a similar dividend. I'm not here for the income, but I would like them to maintain their track record because I feel that the market will take that into account in the future. When there's some more optimism, and if they can steadily increase their AUM over the next few years, then I would hope that LTI would return to a premium. Just as a disclaimer, I have a large holding here. My view is that LTL is significantly undervalued. That's why I hold LTI. I don't feel strongly either way about the other portfolio holdings. I also have no idea whether I'm right or not. |
Posted at 29/2/2024 12:44 by flyer61 Do you think LTL is worth a PE of 9.9 or 6? If you think 6 then LTI it at best fairly valued...If you take the view that LTL is still producing the dividends to feed LTI and it's dividend then now is probably a good entry point.... Have a good look at pages 84 and 85 of LTI's last annual report. Of course this continuous drop in the share price could all just be the general market malaise... |
Posted at 26/1/2024 13:14 by mozy123 LTL has further expanded its profit share scheme to ensure that key individuals are incentivised to continue to pursue their careers with LTL. From LTL’s current financial year 15% of its net profits, up from 8% last year, will be paid to selected individuals within the scheme. 50% of these profit share payments have to be invested in LTL shares at the prevailing LTL valuation. The shares are sourced from LTL’s founders, Nick Train and Michael Lindsell, and your Company, with the founders providing 75% and your Company 25% after LTL’s Treasury is exhausted. These profit share commitments are perpetual provided that the individual remains in LTL’s employment. This transfer of ownership will mean that the Company’s holding in LTL diminishes slowly over time. The Board believes that by ceding ownership to future successors in this way it builds up an alignment of interests between employees and shareholders to allow LTL to flourish in the future. The number of shares the Company holds in LTL has remained static since 31 March 2019 but from this year will begin to fall, reflecting these sales.It is intended that these initiatives will accompany a transfer of responsibilities to selected employees to ensure that LTL thrives beyond the founders active involvement. Any change is likely to be incremental as both founders remain bound to the business, having recently renewed their seven year rolling commitment to continue to work at LTL. The rising profit share payments outlined above should not materially affect the profitability of LTL, as the payments transfer rewards previously destined to the founders to successors within the constraints of LTL’s salary and bonus cap. If LTL increases the profit share awards in the future beyond a certain level it may be necessary to give consideration to amending the salary and bonus cap to accommodate the payments. Any change in the salary and bonus cap will require approval from the Board of this Company. When LTI is at a discount its in LTI shareholders benefit but over the long term, the only reason people hold LTI over FGT or one of their OEIC's is the leverage and dividend exposure LTL offers. |
Posted at 18/1/2024 19:54 by steve3sandal Another obfuscating RNS. No clarity at all. I’d usually avoid a Co communicating like this but I’m in deep and under water. I don’t like to write half thoughts and guesses but we are in the dark.It’s a Profit Share Scheme for the other managers at LTL. They don’t get them for free they have to buy them. The figure is set IIRC at 15% (was 8%) of (I guess) Post Tax Profit and (I guess) after Dividends. LTL 31 Jan PTP was £54m and Dividends were £49m (I have rounded the figures). PSS of £750,000? Once all LTI Treasury shares are exhausted/bought by the managers at LTL to meet the transaction, the Board of LTI resolved to sell down our holding in a ratio of 25/75% with Messrs Lindsell and Train (they support at 75% of the requirement). We weren’t asked and I’m sore because we can’t replace the LTL dividend income by reinvesting that cash in quoted equities. Since that 31 Jan LTL YE the last 17 shares were sold out of Treasury, (perhaps to meet prior year ?) and LTI are now having to sell on the 25/75 ratio to meet the latest PSS requirements. LTI had sold 29 LTL shares to the managers since 31 Jan as we recently held 6421. This implies Lindsell and Train sold the managers 87. The latest sale off of 43 implies the managers were simultaneously entitled to buy 129. Obviously we don’t know the LTL performance dates for the PSS allocation but the latest transaction has them laying out £1.975m of which LTI will receive a little less than £500k. Just my notes so no one should make decisions on the back of this. It occurred to me we might try to establish the ongoing profitability of LTL bearing in mind the PSS figure also comes under the Remuneration cap of 25% of Revenue but it’s late and Ive had a glass of wine. |
Posted at 18/1/2024 16:42 by spectoacc I didn't understand the RNS :)"Sale of Lindsell Train Limited Shares The Board of Lindsell Train Investment Trust plc ("LTIT") announces that it has agreed to sell forty-three of its shares in Lindsell Train Limited ("LTL") for cash to the executive employees of LTL profit share scheme. The shares will be sold at LTL's prevailing market price of £11,486.20 per share, last calculated on 31 December 2023. The effective sale on 23 January 2024 will reduce LTIT's holdings to 6,378 shares of LTL. " So LTI have sold 43 shares in LTL to the employees of the LTL profit share scheme - ie the co is buying them back for the fulfilment of the share save scheme? Who's losing/who's winning here? Isn't it LTL effectively paying NAV for LTL shares, to give to employees later? I still don't get it :) LTI gets some cash in at least. Hopefully to bolster the divi, not for another Nick Train punt. Edit - profit share scheme, not share save scheme. I understand the latter, not the former. Why would you need to buy in some extra shares for a profit share scheme? Is this non-contributory, unlike a share save? |
Posted at 27/7/2023 17:05 by steve3sandal Thanks ge1 good news today and evidently the underlying holdings must be operating well. I’ve always liked this collection and I imagine they will largely be more valuable in 5 years time. My gripe is that us LTI shareholders are not getting anything like fair value for our holding in LTL and I had partly invested on the basis that we eventually would. We’ve debated the directors approach to the valuation which also continues to ignore the large cash reserves usually reflected in Enterprise Values but ignored in setting sales/transfer to insiders. Train and Lindsell can do what they want with their shareholding but in my view it is unfair that the LTI Board consider it acceptable to sell down LTL and at the same time reflect that LTI income will be disadvantaged. They aren’t obviously doing the best thing fir LTI shareholders imo. A few people hold LTL shares but they aren’t having to sell them to the managers to feed the Profit Share Scheme. Why is LTI obliged?Whilst I have made great returns from holding LTI I’m getting to the point where there is no edge to studying the metrics here. I’m thinking I’d be better off studying elsewhere. I took LTI from a few back to 10% of my portfolio at around the current share price so I’ve the option to rotate elsewhere. I find the share price usually goes up ahead of the XD as the share price is pregnant with £51. Those people selling at £984 are almost selling at £934. With an NAV of £1056 which is probably higher today, that looks daft. GLA. |
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