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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 | -0.64% | 771.00 | 360 | 16:35:04 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 762.00 | 780.00 | 770.00 | 762.00 | 770.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 5.99M | 4.2M | 20.9750 | 36.52 | 155.2M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:27:34 | O | 5 | 77,082.00 | GBP |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/9/2024 | 17:50 | UKREG | The Lindsell Train Investment Trust plc - Director/PDMR Shareholding |
| 13/9/2024 | 15:37 | UKREG | The Lindsell Train Investment Trust plc - Director/PDMR Shareholding |
| 12/9/2024 | 13:53 | UKREG | The Lindsell Train Investment Trust plc - Director/PDMR Shareholding |
| 11/9/2024 | 10:33 | UKREG | The Lindsell Train Investment Trust plc - Net Asset Value(s) |
| 09/9/2024 | 16:09 | UKREG | The Lindsell Train Investment Trust plc - Net Asset Value(s) |
| 04/9/2024 | 17:53 | UKREG | The Lindsell Train Investment Trust plc - Result of AGM |
| 28/8/2024 | 13:49 | UKREG | The Lindsell Train Investment Trust plc - Net Asset Value(s) |
| 23/8/2024 | 13:32 | UKREG | The Lindsell Train Investment Trust plc - Monthly Report as at 31 July 2024 |
| 23/8/2024 | 07:00 | UKREG | The Lindsell Train Investment Trust plc - Director/PDMR Shareholding |
| 21/8/2024 | 13:08 | UKREG | The Lindsell Train Investment Trust plc - Holding(s) in Company |
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 |
|---|---|---|---|
| 15/9/2024 | 09:40 | Lindsell Train Investment Trust plc | 1,156 |
| 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 |
|---|
| Top Posts |
|---|
Posted at 15/9/2024 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 £776.Lindsell Train Investment currently has 200,000 shares in issue. The market capitalisation of Lindsell Train Investment is £153,200,000. Lindsell Train Investment has a price to earnings ratio (PE ratio) of 36.52. This morning LTI shares opened at £770 |
Posted at 29/7/2024 22:24 by giltedge1 Heineken & Universal Music both down 10% after results, both showed organic growth to be fair & good long term holds but not helping funds outflow which has been main cause of the LTI price drop. Tomorrow biggest Train holding announcing DGE tin hats or celebrations?. |
Posted at 05/6/2024 10:58 by cynicalsteve I hope it's just 'noise', I've recently started buying and I'm now the proud owner of 2 entire shares! I'm assuming that investing in LTI is about evolution rather than revolution. As the holding in LTIL gradually reduces in percentage terms and other shares are added to the portfolio it becomes more 'normal' (or as normal as a LT portfolio can be) so share buybacks become possible, the discount narrows and we benefit. I don't actually want any decisive change at the moment, those of you who have already built up your holding will take a different view of course.Even as I write this the share price goes up again, starting to wonder... |
Posted at 03/6/2024 15:48 by flyer61 So a few observations on LTL's results.It remains a vast cash generating machine for the chosen few. The salary bill is colossal for the small number of people employed. Any talk of increasing it to keep the 'talent' will not read well in the Sunday Telegraph. What is interesting is the low amount of interest received. Not sure why this should be. They have made a decision (sensibly) in my eyes to buy short dated Government Gilts. Maybe they read these threads ;-). When I first saw the figure of investments £33M (a change from zero) I thought they were maybe buying their own funds! to prop the enterprise up :-). So the business for arguments sake has a £100M of readies on the balance sheet. Of which about £24M is attributable to us on a good day. No LTL shares in treasury at the year end. I wonder whether we will get news on this shortly? Looking forward, we know AUM has already dropped £1.5B since the Jan 2024 year end. So dividends received from LTL will continue their material decline. The share price is indicating to me that a decision has been made to keep the dividend at £51.5 with confirmation that without a change in LTLs fortunes it will be lower next year. Of course the Chairman may pull a rabbit out of the bag with a 1000 for one share split and quarterly dividends going forward but I doubt it very much. Present share price is fair value to the top of it's range. I'd buy again in the £790's...maybe. |
Posted at 14/5/2024 15:38 by flyer61 Good spot Spec. I have valued the tradable equity at market price and really they should have the ‘fowl’ L and T factor applied…...anoPersonally, want this wound up… |
Posted at 14/5/2024 14:46 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 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 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 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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