'Five good and five bad' results as coronavirus takes 'full effect' at Lindsell Train IT

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. 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, Lindsell said. The company's share price has risen 9% this year and ...