Lindsell Train manager Michael Lindsell believes there is still value in Nintendo, despite its phenomenal share price rise following the launch of global hit Pokemon Go.
Shares in the company are up 42% over the past three months thanks to the popularity of smartphone game Pokemon Go, which has been downloaded by more than 65 million users. Lindsell (pictured) currently invests 6.3% of his £152m Lindsell Train investment trust in the company, and Nintendo has been a holding in the portfolio for several years. Lindsell Train benefits from Nintendo's 'pivotal moment' amid Pokemon Go frenzy The company has struggled in the past as it focussed on game consoles rather than smartphones. However, this situation is about to change as although Nintendo only...
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
