The four beverage companies held in Nick Train's Lindsell Train investment trust portfolio are set for "a sustained recovery", according to the manager, who believes the share price uptick they have experienced over the last month is set to continue.
According to Train's latest portfolio update published today (20 May), Heineken saw the most substantial share price gain at 13%, followed by Diageo at 9%, Laurent Perrier at 8% and AG Barr at 3%. "The pandemic has been a particularly frustrating disruption to Heineken's operations," the manager explained, with the company accounting for 2.6% of the trust's portfolio - its tenth-highest allocation. 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,...
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