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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
  0.00 0.0% 1,137.50 170 16:35:03
Bid Price Offer Price High Price Low Price Open Price
1,120.00 1,155.00 1,180.00 1,125.00 1,165.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 12.40 10.67 228
Last Trade Time Trade Type Trade Size Trade Price Currency
15:45:14 O 4 117,945.00 GBP

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Date Time Title Posts
28/8/202022:21Lindsell Train Investment Trust plc363
22/6/200722:38Forgive me for being thick1
21/6/200720:41Forgive me for being thick-
18/6/200117:32Down 98% - What happened???13

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Lindsell Train Investment (LTI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:45:15117,945.004471,780.00O
14:27:52115,525.005577,625.00O
14:11:291,125.0089,000.00AT
14:08:28118,440.003355,320.00O
14:04:26118,440.004473,760.00O
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Lindsell Train Investment (LTI) Top Chat Posts

DateSubject
25/9/2020
09:20
Lindsell Train Investment Daily Update: Lindsell Train Investment Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker LTI. The last closing price for Lindsell Train Investment was £1,137.50.
Lindsell Train Investment Trust Plc has a 4 week average price of £1,090 and a 12 week average price of £1,050.
The 1 year high share price is £1,545 while the 1 year low share price is currently £400.
There are currently 200,000 shares in issue and the average daily traded volume is 276 shares. The market capitalisation of Lindsell Train Investment Trust Plc is £227,500,000.
20/2/2020
13:08
mozy123: LTI the manager have has some headwinds. Some redeptions from portfolios and share price declines of its favourite cross fund top holdings. With 21.47bn AUM at LTI - and the same assumptions about staff costs, tax etc I get the valuations to be A 1.5% FUM (£321.7m)+ B Value of earnigns base (£565.8m) /2 = £443.75m / 26660 shares = £16646.04ps (LTI holds 6450 shares) On a pure AUM basis this would be 443.75 / 21.47bn = 2.07% so valuation the directors assume in the LTI IT NAV is trading inline with the Jupiter Deal. However I have alwasy taken the view that the quality of LTI earnings are far higher than most asset managers. The earnings of a company with 50% notional gross margin. (The GP could be as high as 95% should they wish it) is better than one with a margin of 45% LTI IT owns a golden goose. So long as the world class companies the manager invests in dont go bankrupt. The profitbality of the asset management industry is quite disgusting tbh :)
15/2/2020
19:36
topvest: I don't agree. He doesn't sell his investments. Lindsell Train is a fantastic business and the reduction in the share price here could well give us a great opportunity to buy some more. It's a tad early in my view, but its on my watch list.
02/1/2020
21:37
topvest: You are missing two zero's - its £450k's worth. The share price is £1200 not £12!!
12/8/2019
18:56
chris79: Sorry if this has been answered before. What is the value of the asset management business and what premium does the share price therefore give to the ordinary investments?
01/8/2019
08:15
riverman77: Specto - I think Mr Train is just trying to keep a lid on the share price, he doesn't want this turning into a bubble - it was definitely bubble territory before the sell off.
05/7/2019
20:10
euclid5: Taken fromthe 31 May 19 Fact sheet: Consider also this scenario: a 25% fall in LTL’s FUM on account of declining markets, underperformance or client withdrawals or a combination of all three might result in a similar 25% fall in LTL’s value. The quoted shares held by the Trust are essentially the same as those held by our clients so you might expect a similar fall in the value of the Trust’s quoted portfolio. If the Trust’s share price premium to NAV at the same time fell to zero (as it did 11 years ago when markets last fell significantly) then the resultant fall in the share price from today’s elevated level could be as much as c.60%. In summary then we continue to caution that the shares in the Trust represent a risky investment if bought at a premium, and certainly at today’s approximate 90% premium. Https://www.lindselltrain.com/~/media/Files/L/Lindsell-Train-V2/reports/ltit/LTIT_Latest.pdf
16/6/2019
12:04
topvest: Indicative LT valuation in the share price is now £1.2 BN. Happy days.
14/5/2019
09:19
spectoacc: Thanks @topvest. I think we mostly agree, but I can't help prodding :) Noticed LTI ongoing charge is 2.9% according to HL, whilst AMC is only 0.65% - must be performance fee? And divi only 1.26%, tho in large part due to share price!
16/4/2019
22:24
kenmitch: JackRuss2 and if anyone isn’t clear about the 70% premium. Nick Train warned last December that the share price was overvalued. Then NAV was £835 and the share price was £1210. So investors were paying £1210 for something worth £835!! Here’s a link to his warning. https://www.lindselltrain.com/~/media/Files/L/Lindsell-Train-V2/reports/ltit/2018/LTIT_MR_2018_12.pdf Now the premium is much higher still. NAV has gone up £900 but now the premium is over 70% and share is £1650. That’s a crazy overvaluation. One day it will surely end in tears for investors who bought the bubble. This Trust has a great record but it is inflated by the ridiculous premium to NAV. The ever growing premium is the main reason for the share price soaring, instead of, as is normal, their investments going up fast. If this was a normal investment trust trading around par the share price would only be £900. And some Investment Trusts are trading at big discounts. E.g Riverstone is at 30% discount. If Lindsell train was at a 30% discount the share price would be £630.
16/4/2019
17:22
drrobin: Yes and no. Yes - 70% premium is very worrying, look back at their historical premium, it has never gone over this. Mid 2016 it was the same high premium, it fell towards the end of 2016, the share price also fell, but soon recovered, indicating the NAV (and premium) were not particular accurate. Inother words the NAV came up. No - 46% of LTI is invested in Lindsell Train Limited and if they don't quote net worth all that often (or at all) then it is very difficult to assess. Historically Premium has been around 30%. I am holding LTI for the present, 5.xx% increase today, nice.
Lindsell Train Investment share price data is direct from the London Stock Exchange
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