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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
|
|
|---|---|---|---|---|---|
| 12.00 | 1.45% | 838.00 | 2 | 08:21:19 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 818.00 | 840.00 | 838.00 | 838.00 | 838.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 5.99M | 4.2M | 20.9750 | 39.95 | 165.2M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:10:05 | AT | 2 | 838.00 | GBP |
| Date | Time | Source | Headline |
|---|---|---|---|
| 14/3/2025 | 14:27 | UK RNS | Lindsell Train Investment Trust PLC Initiation note from QuotedData |
| 12/3/2025 | 14:44 | UKREG | The Lindsell Train Investment Trust plc - Director/PDMR Shareholding |
| 11/3/2025 | 09:47 | UKREG | The Lindsell Train Investment Trust plc - Director/PDMR Shareholding |
| 10/3/2025 | 14:06 | UKREG | The Lindsell Train Investment Trust plc - Net Asset Value(s) |
| 07/3/2025 | 15:14 | UKREG | The Lindsell Train Investment Trust plc - Net Asset Value(s) |
| 25/2/2025 | 16:35 | UKREG | The Lindsell Train Investment Trust plc - Net Asset Value(s) |
| 21/2/2025 | 11:54 | UKREG | The Lindsell Train Investment Trust plc - Monthly Report as at 31 January.. |
| 18/2/2025 | 13:03 | UKREG | The Lindsell Train Investment Trust plc - Net Asset Value(s) |
| 13/2/2025 | 09:39 | UKREG | The Lindsell Train Investment Trust plc - Director/PDMR Shareholding |
| 12/2/2025 | 08:09 | 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 |
|---|---|---|---|
| 15/3/2025 | 13:39 | Lindsell Train Investment Trust plc | 1,264 |
| 28/3/2022 | 10:58 | Good News | 3 |
| 22/6/2007 | 21:38 | Forgive me for being thick | 1 |
| 21/6/2007 | 19:41 | Forgive me for being thick | - |
| 18/6/2001 | 16:32 | Down 98% - What happened??? | 13 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:10:05 | 838.00 | 2 | 0.00 | AT |
| Top Posts |
|---|
Posted at 17/3/2025 08:20 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 £826.Lindsell Train Investment currently has 200,000 shares in issue. The market capitalisation of Lindsell Train Investment is £167,600,000. Lindsell Train Investment has a price to earnings ratio (PE ratio) of 39.95. This morning LTI shares opened at £838 |
Posted at 15/3/2025 13:26 by spectoacc "World trust" a stretch where LTI/Train are concerned. c.10% in the L-T North American fund, 10% in Nintendo, 3% in PayPal, just under 3% in Mondelez.65% UK vs benchmark of I assume around 6%, as at last Factsheet. I'd forgotten that LTI has a performance fee - little danger of that these days. |
Posted at 15/3/2025 10:02 by giltedge1 Stresstesting if AUM comes to £10B, yes come to that level!. LT mgt coy income 50M + 5M on cash pile = £55M costs salary cap £15m (assuming maintained cap?) + others £5m = 20m. =35m profit less tax = 27m LTIT dividend about £6m.LTIT income £6m + £2m div from portfolio less costs £2m = £6m profit / 200,00 shares = about £30 per share worst case. (expect 2025 as most income already earned £45). So div 4% on £800 worst case, compared to other world trusts which yield 2%. So still acceptable, although not what we are used too!. + hopefully capital gain on LSEG, RELX etc. In years to come. |
Posted at 12/1/2025 13:42 by flyer61 musings....LTL has new Articles of Association. Seems to be formalising how shares can be sold and at what price. Also definitions of 'majority of shareholders' etc. Guessing they are planning for when the kids get hold of the Founders shares and how they can sell them in an orderly manner where the board has some control. The cash balance at LTL.....given a chunk is in Gilts/ US Treasuries the fact that they are all short dated is good. Also the T bonds should have the currency kicker as well. So cash balance probably holding up nicely. Most of the FY for LTL FUM will have been north of £13B. Diageo.....the whole LTL FUM have had to much exposure here (£1B of FUM) and it will have materially hurt performance. Minimum dividend £40 this year with a possible same again £51.50. Still trying to work out what the share price should be with an appropriate discount to NAV. |
Posted at 09/12/2024 09:54 by flyer61 One other thing on the horizon. FGT wind up vote in 2026.....that would be potentially £1.5B out the door....feel it is in the present LTI share price. |
Posted at 03/12/2024 18:09 by flyer61 Well we will have to comfort ourselves with the £105M quid of cash that LTIT has on the books....I actually believe (probably naively) that Nick Train bats with a straight bat when it comes to LTIT and LTI.Your point Spec about AUM in a nose dive within the UK market is noted. |
Posted at 22/10/2024 07:36 by cc2014 I'm running with the better elsewhere argument. What's the opportunity cost.For example, I bought some NESF and FGEN last week. I simply believe they provide better value based on dividends, discount to NAV and likely capital gain. (As an aside I also struggle with LTI due to the very long term buy and hold policy. I do see that it keeps costs down but I'm not sure that buy and hold for 20 years is the best strategy. Things change and evolve and opportunities come and go. Is it really true that one should never buy a bank stock regardless of price? Does DGE really provide better value than any number of Investment Trusts trading at a 20-30% discount? Is he really saying that there's not a single IT he was prepared to buy at any time whatsoever apart from FGT, because that's what the evidence shows) Now, if he went and bought some decent IT's so I was getting a 25% discount on a 25% discount that would really change my mind on LTI, but for the moment the share price is going to have to go to something beginning with a 6 to tempt me in. I suspect that when the US tech market goes off, Mr Train is going to be looking rather clever and the share price will do just fine, but there again so will my NESF, which is nice way of ending this post returning to the opportunity cost point. |
Posted at 21/10/2024 16:41 by dickiehh Thanks for the comments on my question. But here is an alternative perspective: LTI traded at a (big) premium prior to 2021 due to the markets belief in L-T stock-picking over 2001-2020. Ie. Over 20 years of out-performance. Just on this face alone leads me to believe that LTI is badly mispriced at 25 percent discount based on a couple of years of under-performance in high interest rates. But assume that LTI should trade close to par at least for its listed stocks. (Same with FGT where a 10 percent discount is also unprecedented). This would imply that for a discount of 25 percent to make sense, LT ltd must trade at about 1/3rd of what LT value it (LT ltd is 33% of LTI * 2/3 =25).This says it's grossly undervalued to me |
Posted at 14/5/2024 13:46 by flyer61 Playing about with FM values I’ve been looking at publicly listed FM Mkt Caps versus AUM. I’ve gone down this route as ‘real profits’ at LTL are determined by how much Mr’s Train and Lindsell decide to pay themselves. Which conflates with the nominal profit method used for our valuation and what really comes out the end to pay the dividends from LTL. Private companies are great when you have control, LTI doesn’t have any control of LTL, in fact it could be worse if the LTL BOD turn out to be patsies. Throw in LTL wants to pay a small number of it’s staff mega bucks and valuing LTL within the context of LTI gets more and more difficult.Premier Miton 10.7B AUM Mkt Cap £117M CLIG £8B Mkt Cap £181M Either of these two Companies valuations on a straight AUM vs Mkt Cap gives our stake in LT a value of Vs PMI £37M and vs CLIG £77M If we take an old boys FM outfit like Liontrust which has had plenty of issues around AUM loss and poor stewardship then I get a valuation of £58M. Present share price basically says the FM business is worth the cash on the balance sheet at LTL and that’s it. Surely our stake has to be worth more than a poultry £24M….ergo the share price has a lot of bad news in it… |
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 27/7/2023 16:05 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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