Manchester & London (LON:MNL) Posts 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 net margin of 91.75% and a return on equity of 18.18%.

Manchester & London Price Performance

LON:MNL traded up GBX 14 during trading hours on Thursday, hitting GBX 1,000. The stock had a trading volume of 21,460 shares, compared to its average volume of 40,223. The firm has a market capitalization of £380.25 million, a price-to-earnings ratio of 5.37 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. The company has a 50 day simple moving average of GBX 976.79 and a two-hundred day simple moving average of GBX 973.33. Manchester & London has a one year low of GBX 709.88 and a one year 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.