Manchester & London (LON:MNL) Issues Earnings Results

Manchester & London (LON:MNL) announced its quarterly 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%

LON MNL traded down GBX 6 during trading hours on Wednesday, reaching GBX 986. 37,072 shares of the company’s stock were exchanged, compared to its average volume of 40,293. The company’s 50-day moving average is GBX 977.79 and its two-hundred day moving average is GBX 971.98. Manchester & London has a one year low of GBX 709.88 and a one year high of GBX 1,220. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.81 and a current ratio of 22.60. The company has a market capitalization of £374.93 million, a price-to-earnings ratio of 5.29 and a beta of 0.80.

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.