Manchester & London (LON:MNL) Announces Earnings Results

Manchester & London (LON:MNL) issued 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 Price Performance

Shares of Manchester & London stock traded up GBX 14 on Thursday, hitting GBX 1,000. The company had a trading volume of 21,460 shares, compared to its average volume of 40,223. The company has a market cap of £380.25 million, a PE 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. Manchester & London has a 52 week low of GBX 709.88 and a 52 week high of GBX 1,220. The business has a 50-day simple moving average of GBX 976.79 and a 200-day simple moving average of GBX 973.33.

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.