Manchester & London (LON:MNL) Posts Earnings Results

Manchester & London (LON:MNLGet Free Report) announced its earnings results on Wednesday. The investment trust reported GBX (0.43) EPS for the quarter, Digital Look Earnings reports. Manchester & London had a net margin of 91.75% and a return on equity of 18.18%.

Manchester & London Trading Down 0.6%

Shares of MNL traded down GBX 6 during trading hours on Wednesday, hitting GBX 986. 37,072 shares of the stock were exchanged, compared to its average volume of 40,293. The firm has a market capitalization of £374.93 million, a P/E ratio of 5.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 22.60 and a quick ratio of 2.81. Manchester & London has a fifty-two week low of GBX 709.88 and a fifty-two week high of GBX 1,220. The business has a 50-day moving average of GBX 977.79 and a 200-day moving average of GBX 971.98.

Manchester & London Company Profile

(Get Free Report)

Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.

Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine. We are particularly interested in software as, once built, software’s marginal cost on each incremental sale is extremely low which makes its marginal profit extraordinarily high.

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