Lindsell Train director cashes in 159,000 pounds

19th Jul 2013 15:15

A director of one of Lindsell Train's star funds has cashed in 159,000 pounds of shares in the investment trust.Michael Mackenzie, a non-executive director of Lindsell Train Investment Trust, sold 500 shares, or 0.25% of the trust's issued shares, on July 19th for £318 a share.Fellow director Michael Lindsell and the fund's manager Nicholas Train each sold shares on May 4th at £236. The transaction leaves Mackenzie holding 1,825 non-beneficial shares in the trust.Lindsell Train Investment Trust's aim is to generate total returns that avoid losing absolute value and at least maintain the real purchasing power of sterling capital. The respected fund underperformed the MSCI (Sterling) Index in the first half, gaining 15.6% compared with 16.3% for the index.Top Director BuysGlaxoSmithKline (GSK) Director name: Dr Moncef SlaouiAmount purchased: 1,746 @ 1,739.08p Value: £30,364African Consolidated Resources (AFCR) Director name: Mr Michael KellowAmount purchased: 1,291,666 @ 2.00p Value: £25,833African Consolidated Resources (AFCR) Director name: Mr Craig Hutton Amount purchased: 833,333 @ 3.00p Value: £25,000African Consolidated Resources (AFCR) Director name: Mr Roy TuckerAmount purchased: 1,208,334 @ 2.00p Value: £24,167Henderson Diversified Income Ltd. (HDIV) Director name: Mr Nigel ParkerAmount purchased: 20,000 @ 84.69p Value: £16,938Aurora Investment Trust (ARR) Director name: Mr James Nelson Amount purchased: 10,000 @ 140.60p Value: £14,060Top Director Sells