Lindsell Train Investment Share Discussion Threads

[spectoacc] 15/7/2024 07:42

He gets paid any which way.

Only slight positive is at least BRBY an increasingly small position (in FGT) - doesn't seem he's been adding to it as he does with some.

[flyer61] 15/7/2024 07:34

yes it is quite worrying in the context of Trains picks that the market clearly has the measure of a Company, Burberry or Daigeo spring to mind but there is only his way or the highway.

[essentialinvestor] 15/7/2024 07:18

BRBY suspension of dividends, new CEO, revenues falling off a cliff.

Their aggressive physical store roll out is going to be prove costly with sales nosediving.

[spectoacc] 14/7/2024 12:10

Not typing the whole page, but this was the last para:

"Like EXPN and other important holdings in the Trust (for instance, LSEG, RELX, and SGE), Rightmove has an opportunity to apply new digital tools, including AI enhanced ones, to its proprietary data to to create new and must-have insights for its customers. That's the sort of opportunity that has made investors in successful digital business so much money in the 21st Century and we hope that RMV has much more growth ahead."


Honestly, Nick. Wonder how that will read when the AI bubble pops.

[essentialinvestor] 13/7/2024 08:44

Both DGE and BRBY report shortly.

[spectoacc] 13/7/2024 06:31

Yet another Nick Train advertorial in MoneyWeek, about FGT really, can't see a link but will type the key parts out if get time this weekend.

Basically tipping DGE, RMV, and EXPN. On DGE he reckons it's can repeat it's 5-fold rise this century - good luck with that, albeit it's only about 7% pa over 25 years.

Hilariously, on RMV he also mentions LSEG, SGE, RLEX by saying all will benefit from.....wait for it.... AI! The top of the AI bubble must be in.

I get sick of all the press Train gets, tbh. Citywire can't go 2 weeks without an article either.

[giltedge1] 11/7/2024 07:24

Polr AUM now up to £24B, LT used to be level 2 years ago, a bit of divergence in performance?. So why are we paying our young stars extra to stop leaving?. If they can match Polr sure pay extra, if not p45. I was going to swap to polr 6 months ago, got cold feet, as polr bounced up, worst
decision ever.

[flyer61] 08/7/2024 14:27

Mr Lindsell could have bought them cheaper today....but thank you for your buyback efforts.

[flyer61] 03/7/2024 19:29

I managed to shift 20% of my holding out at over £850 (mostly £852) bought a few at £814 and change today. We are going to be well into the £700's come ex dividend day...really need more sales of LTL at NAV. Wondered if there might be an announcement on this just before the dividend is paid.

[steve3sandal] 03/7/2024 12:54

Certainly £260/270M at Witan will be lost as and when the Alliance takeover occurs. We don’t have any visibility on the professional/ institutional mandates. I’ve recently switch a few at £848 into FGT 836p.

[flyer61] 03/7/2024 09:11

Sensing more mandate losses coming down the track given the share price action.

[essentialinvestor] 02/7/2024 11:43

DGE share price indicating a reset of medium term guidance? - which may be a significant cut.

CFO is leaving, in addition to the head of US (their most profitable market).

[raj k] 02/7/2024 11:20

Hi Steve

I had written an email to that effect via the FGT website however never received a response. Maybe that is just a general contact and hasn't been relayed to the board. I will attempt again, will look at the annual report for alternative contact details.

[steve3sandal] 02/7/2024 10:05

Raj, have you written to the Board on this? I’d usually stop here as we’re off LTI topic and FGT has a moribund thread. I’ll paste my response on FGT but it’s here for continuity.

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!).

[raj k] 02/7/2024 08:53

I wish the board of FGT would change the madate to a global one, it opens up so many possiblities for Train to invest in higher quality companies than unilever, diageo and burberry. the days of having a large cap UK only mandate seem idiotic to me.

[flyer61] 02/7/2024 08:45

Not an LTIT holding......

[essentialinvestor] 02/7/2024 08:23

Burberry looking ill.

I had a quick look at (some) of their
current men's range on the Mr Porter link above and their pricing, for a brand which is not ultra luxury, looks on the steep side.

[giltedge1] 30/6/2024 15:06

Flyer61 if attending meeting please ask why LT earned £1m on £110m cash & gilts, should have been at least £5m, so we missed out (25%) on £1m, which we desperately need this year. Witan merging with Alliance so a certainty that mandate lost.

[flyer61] 20/6/2024 15:12

SP has cheered up. Even a little bit of liquidity. Going to try and make the AGM.

[flyer61] 12/6/2024 07:04

Yes, their largesse seems to keep the wheels on here.

Makes forecasting next years dividend even more interesting!

[steve3sandal] 12/6/2024 06:24

Nick and Michael’s variable return (pay cut) have enabled the Board to hold our dividend at £51.50. This without dipping into revenue reserves beyond <1%. That at least shows some balance.

[flyer61] 12/6/2024 06:21

Results in…..

[cynicalsteve] 10/6/2024 09:04

Sold my 2 shares at £854 earlier this morning. A 5% profit in 4 weeks for no obvious reason. I sold because of nervousness about stock markets and the world in general over the summer not anything to do with LTI although obviously it is less of a bargain than it was.

[fabius1] 07/6/2024 20:36

Flyer61 - Yes, ordinarily, you would think so, but there were signs of resistance over the last three days so could well be a large order/orders to fill, possibly below the current support in which case the last thing they want is an irritating rally from the riff-raff...