Manchester & London (LON:MNL) Releases Earnings Results

Manchester & London (LON:MNL) issued its earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) EPS 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 %

Manchester & London stock traded down GBX 33.80 ($0.44) during mid-day trading on Friday, hitting GBX 646.20 ($8.38). 2,952 shares of the company were exchanged, compared to its average volume of 61,022. The business has a fifty day moving average of GBX 721.84 and a 200 day moving average of GBX 708.50. Manchester & London has a 1-year low of GBX 572 ($7.42) and a 1-year high of GBX 850 ($11.02). The company has a market capitalization of £257.34 million, a PE ratio of 2.15 and a beta of 0.42.

Manchester & London Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 10th will be paid a dividend of GBX 14 ($0.18) per share. This is a positive change from Manchester & London’s previous dividend of $7.00. This represents a yield of 2.06%. The ex-dividend date is Thursday, April 10th. Manchester & London’s dividend payout ratio is currently 4.66%.

Insiders Place Their Bets

In related news, insider Daren John Morris acquired 4,925 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of GBX 751 ($9.74) per share, for a total transaction of £36,986.75 ($47,960.00). Corporate insiders own 2.09% of the company’s stock.

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.