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
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter