Manchester & London (LON:MNL) Issues Earnings Results

Manchester & London (LON:MNL) announced its earnings results on Wednesday. The investment trust reported GBX (0.43) earnings per share 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 Stock Down 0.6%

LON MNL traded down GBX 6 during mid-day trading on Wednesday, reaching GBX 986. 37,072 shares of the company’s stock traded hands, compared to its average volume of 40,293. The company has a current ratio of 22.60, a quick ratio of 2.81 and a debt-to-equity ratio of 0.49. Manchester & London has a 1-year low of GBX 709.88 and a 1-year high of GBX 1,220. The company has a fifty day simple moving average of GBX 976.79 and a 200-day simple moving average of GBX 973.33. The company has a market cap of £374.93 million, a price-to-earnings ratio of 5.29 and a beta of 0.80.

Manchester & London Company Profile

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.