Manchester & London (LON:MNL) Announces Earnings Results

Manchester & London (LON:MNL) released its quarterly earnings results on Wednesday. The investment trust reported GBX (1.52) EPS for the quarter, Digital Look Earnings reports. Manchester & London had a net margin of 94.15% and a return on equity of 26.57%.

Manchester & London Price Performance

Shares of Manchester & London stock opened at GBX 783.98 on Wednesday. The company has a quick ratio of 2.81, a current ratio of 5.83 and a debt-to-equity ratio of 0.03. The company has a market cap of £298.11 million, a PE ratio of 3.07 and a beta of 0.82. The business has a 50 day moving average of GBX 781 and a 200 day moving average of GBX 814.18. Manchester & London has a 52 week low of GBX 435.01 and a 52 week high of GBX 954.38.

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. 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.