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

Manchester & London (LON:MNL) issued its quarterly 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 return on equity of 39.92% and a net margin of 95.89%.

Manchester & London Trading Down 5.0 %

LON MNL opened at GBX 646.20 ($8.38) on Friday. The stock’s fifty day moving average price is GBX 721.84 and its 200-day moving average price is GBX 708.50. The stock has a market cap of £257.34 million, a P/E 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 business also recently announced a dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 10th will be issued a GBX 14 ($0.18) dividend. This represents a yield of 2.06%. This is an increase from Manchester & London’s previous dividend of $7.00. The ex-dividend date is Thursday, April 10th. Manchester & London’s payout ratio is 4.66%.

Insider Transactions at Manchester & London

In other news, insider Daren John Morris acquired 4,925 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average cost of GBX 751 ($9.74) per share, for a total transaction of £36,986.75 ($47,960.00). 2.09% of the stock is owned by insiders.

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.