Educational information, not financial advice or a personal recommendation. Not regulated by the FCA. Do your own research. Capital at risk.
Sterling AlmanacExploreStart hereFind your fitGlossaryCompareMy ListMy PieEarnings calendarSupport

Finsbury Growth & Income Ord (FGT.L)

Unknown Balanced

A London-listed investment trust run by Nick Train's Lindsell Train - a concentrated basket of a couple of dozen high-quality UK-listed companies, wrapped in a single share.

£8.04
≈ 804p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Finsbury Growth & Income Ord a good stock for a UK beginner?

The honest version: A London-listed investment trust run by Nick Train's Lindsell Train - a concentrated basket of a couple of dozen high-quality UK-listed companies, wrapped in a single share.

No rating · no target price · nothing for sale here
Price-6.1%
52-week range-15% past year
£8.04
Low £7.06High £9.45
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Finsbury Growth & Income Ord
£939-6%

Over about 2 years to 2026-07-31. This is the share price only; any dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£811.17M
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
545.29K
Day range: The lowest and highest price the shares traded at during the latest day.
£8.02 – £8.16
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£7.06 – £9.45
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
0.0%
Why has it been moving?▲ +2% past week · ▼ -15% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

its durable-franchise holdings keep compounding over many years

The bear case

the style stays out of favour for a long stretch, or key holdings de-rate

What does Finsbury Growth & Income Ord do?

Finsbury Growth & Income isn't a company that makes anything - it's a closed-end investment trust. Its share price mainly reflects the combined value of a small, concentrated set of quality UK-listed businesses that manager Nick Train has picked and tends to hold for years, plus or minus the premium or discount the trust's shares trade at versus the value of those holdings (their net asset value, or NAV). It aims for a mix of long-term growth and a modest, rising dividend. A price-to-book: The share price versus the company's net assets per share (its book value). Under 1 can look cheap, though it varies a lot by industry. near 1.0 means the shares trade close to the stated value of what's inside. The one thing worth watching -> how its concentrated, buy-and-hold style performs against the wider UK market, and whether the shares slip to a discount to NAV.

VQGMI
Factor profile

On our factor screen it looks strongest on value and momentum, and weakest on income.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 73Quality: How profitable and financially healthy the company is (higher = stronger). —Growth: How fast revenue and earnings are growing (higher = faster). —Momentum: How the share price has been trending recently (higher = stronger recent run). 38Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 10
Quick checks
What's strong
  • Value screens high (73/100)
  • diversified exposure to a basket of quality UK companies in a single share
  • a long-term, low-turnover approach that keeps trading and costs down
  • run by a well-known manager with a clear, consistent style
What to watch
  • Income screens low (10/100)
  • a concentrated portfolio can lag the market for long stretches
  • key-manager risk - a lot rests on one manager's style and continuity
  • the trust's shares can swing to a persistent discount to NAV

What do Finsbury Growth & Income Ord's numbers mean?

Price-to-book
about 1.0
The shares trade close to the accounting value of the holdings inside - for a trust, that means near its net asset value rather than at a big premium or discount.
What's inside
~20-30 UK-listed companies
A deliberately concentrated portfolio, so a handful of big holdings drive most of the result.
Style
buy-and-hold quality
The manager holds companies for years with very little trading, betting on durable brands and franchises.
Income
a small, rising dividend
It aims to grow its dividend over time, but the income is modest - most of the case is long-term growth.

Does Finsbury Growth & Income Ord pay a dividend?

No - Finsbury Growth & Income Ord doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

More in Unknown

Fiserv, Inc.Polar Capital Technology TrustF&C Investment Trust OrdTritax Big Box OrdAlliance Witan OrdCity of London OrdGresham House Energy Storage OrdMonks Ord

What are the scenarios for Finsbury Growth & Income Ord?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£10£8£5today · £8▲ Bull · £9• Base · £8▼ Bear · £6in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +25%its big quality holdings do well and the trust's shares trade at or above NAV
Base
-10% to +10%the UK market drifts and the trust roughly tracks the value of its holdings
Bear
-15% to -30%its concentrated holdings fall out of favour, or the shares slip to a wider discount to NAV

What are the pros and cons of Finsbury Growth & Income Ord?

3bull points
7bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • diversified exposure to a basket of quality UK companies in a single share
  • a long-term, low-turnover approach that keeps trading and costs down
  • run by a well-known manager with a clear, consistent style
The catch3
  • highly concentrated - a few holdings dominate, so it can lag when they are out of favour
  • UK-focused, so it offers limited global diversification
  • the shares can trade at a discount to NAV, adding a layer of price risk
Key risks4
  • a concentrated portfolio can lag the market for long stretches
  • key-manager risk - a lot rests on one manager's style and continuity
  • the trust's shares can swing to a persistent discount to NAV
  • it carries UK-market and sterling exposure
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: low · data: GBP · flags: pe, forward_pe, ps, gross_margin, net_margin, roe, revenue_growth, earnings_growth · Charts by TradingView Lightweight Charts™
Found this useful? The Almanac is free and ad-free - a coffee keeps it that way.Support →

Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

Figures as of 2026-08-01. Prices may be delayed and numbers can go stale - always double-check before acting.