Nick Train banks on luxury holdings benefitting from UK's roaring 20s boom
Period of hyper-consumption would be driven by 'extraordinary trend of wealth creation by new industries' rather than Covid re-opening trade
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Period of hyper-consumption would be driven by 'extraordinary trend of wealth creation by new industries' rather than Covid re-opening trade
These FTSE 100 (INDEXFTSE:UKX) stocks aren't cheap, but Paul Summers thinks the long-term returns will more than make up for it.
Train is optimistic about the company thanks to "better than expected Q1 results". In particular, he was encouraged that the "Heineken brand itself had grown volumes by 12%". "Meanwhile, the brands the company characterises as ‘premium', which account for [approximately] 40% of group revenues, were up by low-teen percentage rates," he added. The re-opening of pubs in the UK has caused some issues for the company, however, as the upsurge of demand has caused "supply problems." Two of Heineken's premium bands, Moretti and Amstel, are also suffering from the issue. Train believes the supply pr...
Meet the 5 biggest Celtic shareholders May 14, 2021 Who are the biggest Celtic shareholders? Who really wields the influence at Celtic Park? All season, battles between the supporters and the board have been dominating the headlines. The Celtic Trust have been a name on supporters’ lips in 20-21. Celtic Shared emerged this league campaign, with the onus on pressuring the board into sharing equity with supporters. But who are we talking about when we talk about shareholders? Especially when we discuss real power at the club? After our earlier story on Lindsell Train, we’ve decided to take ...
This super stock is owned by Cathie Wood, Terry Smith, and Nick Train. I’d buy it today More on: Image source: Getty Images. PayPal(NASDAQ: PYPL) is a stock that is owned by a number of top fund managers. Not only is it owned by ARK’s Cathie Wood – who is one of the most popular portfolio managers on the planet right now – but it’s also owned by Terry Smith and Nick Train – two of the UK’s top stock pickers. Recently, PayPal shares have experienced a pullback. After rising above $300 in mid-February, they have pulled back to around $245. I think this pullbac...