Manchester & London (LON:MNL) Issues Earnings Results

Manchester & London (LON:MNL) posted its quarterly earnings data on Wednesday. The investment trust reported GBX (0.83) (($0.01)) earnings per share for the quarter, Digital Look Earnings reports. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Manchester & London Stock Down 5.0 %

Shares of MNL opened at GBX 646.20 ($8.38) on Friday. The stock’s fifty day simple moving average is GBX 721.84 and its 200-day simple moving average is GBX 708.50. The firm has a market capitalization of £257.34 million, a PE ratio of 2.15 and a beta of 0.42. Manchester & London has a 12-month low of GBX 572 ($7.42) and a 12-month high of GBX 850 ($11.02).

Manchester & London Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 14 ($0.18) per share. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 2.06%. This is an increase from Manchester & London’s previous dividend of $7.00. Manchester & London’s payout ratio is presently 4.66%.

Insider Activity

In related news, insider Daren John Morris purchased 4,925 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of GBX 751 ($9.74) per share, with a total value of £36,986.75 ($47,960.00). Insiders own 2.09% of the company’s stock.

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.