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

Manchester & London (LON:MNL) released its quarterly earnings results on Wednesday. The investment trust reported GBX (0.43) 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 Performance

Manchester & London stock traded down GBX 6 during midday trading on Wednesday, reaching GBX 986. 37,072 shares of the 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. The firm has a fifty day moving average price of GBX 976.79 and a two-hundred day moving average price of GBX 973.33. The firm has a market cap of £374.93 million, a price-to-earnings ratio of 5.29 and a beta of 0.80. Manchester & London has a fifty-two week low of GBX 709.88 and a fifty-two week high of GBX 1,220.

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.