Ripley94
30 Aug 2019
Premium over 38% LTI XXXX Premium dropped from 80% to 43% when HL removed it from its wealth 150 . I read below .
shabby 2 sox
12 Apr 2018
Re: Premium over 38% jdhm, I have been looking to buy LTI in place of two other of my more pedestrian IT holdings but the premium to NAV is very high. I do not know the history of value to NAV over the years but hopefully similar levels have been a feature and explained by unquoted holdings of 41% of fund (and by the looks of it most in the UK) being conservatively valued until realised.I would not complain with a x 3.5 rise over 5 years and recent one years treading water seems to have come to an end. Will want to do a bit more research but the % of fund in unquoted co.'s and recent performance would be the appeal for me.
jdhm
11 Apr 2018
Premium over 38% The premium over NAV at £1050 is 38% and yet there are far more buyers than sellers today, some quite substantial.Summats up. Is it to do with the fact that 40% of the trust's holdings are in the unquoted (so whats it worth) Lindsell Train Limited?
sage in the hills
08 Jan 2018
A year and a half now ..... ...... and not gone anywhere .......(except that Lindsell Train have been taking their not inconsiderable fees of course ...)SAGE
sage in the hills
22 Nov 2017
uhmmmm.......not sure whats going on here . ..... no growth in sp....sp falling back ........a lot of PR and exposure of Nick Train ..........but no rises in sp .....SAGE
sage in the hills
23 Sep 2017
Composition of the portfolio Does anyone know how the 40% holding in Lindsell Train Investment Management shows / reflects / contributes to the performance of this Trust ?...ie does it grow in capital value ? ( we are talking a value to the Trust here reputedly of £60million plus)....ie does it pay a dividend into the Trust ?SAGE
sage in the hills
22 Sep 2017
Re: Where is this sp going ......... dazurtrader......so you never got your 650 then ? ...SAGE
sage in the hills
22 Sep 2017
Query ? ... This is the Pre-tax profit since 2011Pretax Profit (m) 0.8 1.1 1.5 1.4 402.9 443.1 588.2but the market cap of the Inv Trust is only 166m.....Can anyone explain this data please ? ...SAGE
dazurtrader
07 Mar 2017
Re: Where is this sp going ......... Could be that it is heading down to NAV, after years of being at a high premium. I have sold 50% of my holding (at 790) and will buy back when the upward trend resumes. Looking at the chart, I am thinking a low c. 650.
sage in the hills
06 Mar 2017
Where is this sp going ......... .......... seems like a bottomless pit !!!!!! .......SAGE
sage in the hills
30 Jan 2017
Premium status The sp has been way over the NAV for a good whole year now, (ie 60% at times but massively lower than that now)but this has not dissuaded many buyers during the whole year either.Diageo and Nintendo are strong components.SAGE
Wynford2
30 Jan 2017
Re: Sorry, bigger massive fall ...... What I'd rather understand is how it got so high before - over £9 and 60% premium, this only seems to be based on it's holding of 37.65% of the manager Lindsell Train ltd.As the price rockets, the value of the manager rockets, so the price........ Isn't this called a bubble? Even the manager had warned against buying at 60 premium.I know about running winners and all that, but have been top slicing here (wish I'd started at £9)
sage in the hills
27 Jan 2017
Sorry, bigger massive fall ...... ..........what on earth is going on here ????? ............SAGE
pharmaspecialist
09 Sep 2016
Re: Massive fall I fear you may have a long wait. The premium to net asset value was huge when I purchased my holding in 2011. I think one of the attractions is the exposure to the Lindsell Train fund management operation. The premium can be avoided if you buy the OEIC, but I don't think that has any investment in the fund management company, but you may want to check that. There is also the Finsbury Growth and Income Trust which is run by Nick Train on very similar lines.
marconiman
08 Sep 2016
Re: Massive fall The premium of over 35% seems excessive to me, regardless of other considerations, so I am going to sell, but I may come back when the premium is more reasonable.
