Manchester & London (LON:MNL) Issues Quarterly Earnings Results

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

Manchester & London Stock Down 0.6%

Shares of LON MNL opened at GBX 986 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 22.60 and a quick ratio of 2.81. The firm’s 50 day simple moving average is GBX 976.79 and its two-hundred day simple moving average is GBX 973.33. The stock has a market capitalization of £374.93 million, a P/E ratio of 5.29 and a beta of 0.80. Manchester & London has a one year low of GBX 709.88 and a one year high of GBX 1,220.

About Manchester & London

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.