FINSBURY GROWTH AND INCOME TRUST PLC (FGT) Shares
ABOUT FINSBURY GROWTH AND INCOME TRUST PLC
Finsbury Growth and Income Trust plc is a leading UK-based investment fund focused on investing in the securities of UK listed companies, with a history dating back to 1926.
Today the company is managed today by Lindsell Train.
The company operates a portfolio of typically no more than 30 investments. Portfolio manager Nick Train uses an investment approach based on building a concentrated portfolio of high-value companies that have strong brands and powerful market franchises.
The bulk of these are UK companies.
This leads to a unique portfolio when compared to the benchmark FTSE All-Share Index.
OVERVIEW OF FINSBURY GROWTH AND INCOME TRUST PLC
Finsbury Growth and Income Trust plc’s portfolio is weighted towards branded consumer goods and services (Diageo, Unilever, AG Barr), media (Pearson, Sage) and financial services (London Stock Exchange Group, Schroders, Rathbones, Hargreaves Lansdown). Securities in FTSE 100 companies and comparable companies listed on an overseas stock exchange will normally represent between 50% and 100% of the portfolio; securities in FTSE 350 companies and comparable companies listed on overseas stock exchanges will normally represent at least 70% of the portfolio.
The Company can invest up to 25% of its gross assets in preference shares, bonds and other debt instruments, although no more than 10% of any one issue may be held.
Added to this, a maximum of 10% of the Company’s gross assets can be held in cash, where the Portfolio Manager believes market or economic conditions make equity investment unattractive or while seeking appropriate investment opportunities or to maintain liquidity.
The company’s ten largest holdings are:
It operates across four primary sectors, namely consumer goods, financials, consumer services and technology.
VISION & VALUES OF FINSBURY GROWTH AND INCOME TRUST PLC
The company takes a staunch stance against bribery and corruption.
To this end, it expressly prohibits any Director or associated persons, when acting on behalf of the Company, accepting, soliciting, paying, offering or promising to pay or authorize any payment, public or private, in the United Kingdom or abroad, to secure any improper benefit for themselves or for the Company.
The company also ensures that its suppliers are professional firms which provide the assurance of operating in accordance with the legislation of the Modern Slavery Act 2015.
MARKET PERFORMANCE OF FINSBURY GROWTH AND INCOME TRUST PLC
Finsbury Growth and Income Trust plc currently trades on the Financial Times Stock Exchange (FTSE), where investors can buy shares under the stock symbol FGT. Data from the company’s 2019 interim financial analysis shows a net asset value total return of 2.9% and a share price total return of 2.4%, outperforming the company’s benchmark, the FTSE All Share index, which fell by 1.8% over the same period.
The principal contributors to the Company’s net asset value performance were Diageo, Mondelez International and Sage Group.
Consistent demand for the Company’s shares led to the issue of a total of 14 435 000 new shares in the 2019 half year, raising £ 112.8 million.
By 31 March 2019 the company had 188 126 712 shares of 25p each in issue. Since the end of the half-year a further 4 990 00 new shares were issued raising £43.1 million.
As at 13 May 2019, the company had 193 116712 shares in issue.
The Board has declared first interim dividends of 8.0p per share, compared to the previous year’s first interim dividend of 7.2p per share, an increase of 11.1%.
This reflects a flourishing share price and a solid buy-in for investors who choose to purchase shares in FDM.
Buy FINSBURY GROWTH AND INCOME TRUST PLC stocks / shares – A Step by Step Guide how to Buy / Purchase FINSBURY GROWTH AND INCOME TRUST PLC Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy FINSBURY GROWTH AND INCOME TRUST PLC Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN FINSBURY GROWTH AND INCOME TRUST PLC STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE FINSBURY GROWTH AND INCOME TRUST PLC STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of FINSBURY GROWTH AND INCOME TRUST PLC stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy FINSBURY GROWTH AND INCOME TRUST PLC stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?