July saw the "full effect of the coronavirus" make its mark on Lindsell Train Investment Trust's quoted companies following Q2 reporting season, according to the company's latest factsheet.
In a note to investors, Michael Lindsell highlighted "five good and five bad results" across the trust's holdings, eight of which are in the top ten. Nick Train: Consumers will return to 'real' experiences again Included in the good was Nintendo, which saw its profits increase fivefold due to "homebound living" pushing sales of the Nintendo Switch console and related software to a level "never previously experienced" in a typically "slow period for sales", combined with over 50% of software sales being downloaded, resulting in overall margins up to 40% - "double the long term average"...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
