Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

AA-rated Nick Train ups stake in Celtic FC

AA-rated Nick Train ups stake in Celtic FC

Citywire AA-rated stockpicker Nick Train has upped his stake in long-term holding and current Scottish Premiership champion Celtic Football Club.

Train increased the stake in the club held by his Finsbury Growth & Income trust from 2.6 million shares to 2.84 million or 3% worth £2.1 million at a share price of 74p.

Across his range of three investment funds, Train, co-founder and director of investment house Lindsell Train, holds more than 7% of club shares.

Canaccord Genuity initiated coverage on Celtic last year with a buy recommendation and a target price of 103p.

Speaking to Citywire in 2011, Train said that he considered the-then valuation of Celtic at £35 million a significant discount to the embedded value of the business. Speaking more recently, financial analysts have estimated the enterprise value of the club as above £50 million.

In the second half of 2013 Celtic reported profit of £21.3 million compared to £14.9 million in 2012.   

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter