Manchester & London (LON:MNL) Posts Quarterly Earnings Results

Manchester & London (LON:MNL) announced its earnings results on Wednesday. The investment trust reported GBX (0.43) 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 Trading Down 0.6%

Shares of Manchester & London stock traded down GBX 6 during midday trading on Wednesday, reaching GBX 986. 37,072 shares of the company’s stock traded hands, compared to its average volume of 40,293. The company has a market cap of £374.93 million, a PE ratio of 5.29 and a beta of 0.80. Manchester & London has a 12 month low of GBX 709.88 and a 12 month high of GBX 1,220. The stock has a 50 day moving average of GBX 977.79 and a 200-day moving average of GBX 971.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.81 and a current ratio of 22.60.

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.