Lindsell Train Investment Trust: The Price of Protection

The Lindsell Train Investment Trust is a highly regarding investment trust.

https://www.lindselltrain.com/funds/lindsell-train-investment-trust-plc/investment-objective-and-approach.aspx

This objective is simple: To maximise long-term total returns subject to the avoidance of loss of absolute value and with a minimum objective to maintain the real purchasing power of Sterling capital

Top 10 Holdings (% NAV)
Lindsell Train Limited (unlisted) 43.0%
Diageo 7.1%
London Stock Exchange 6.5%
Nintendo 6.2%
Unilever 5.5%
AG Barr 5.2%
PayPal 3.8%
LT Japanese Equity Fund 3.6%
Heineken Holdings 3.3%
RELX 3.2%

These are the salient facts:-

Market Capitalisation of £228m
Share Price: £1,140
Net Asset Value: £827.83
Premium (Discount): 37.7%

yes, you read that correct, a price of £1140 for assets of £827 in value.

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=31089&action=

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