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

Manchester & London (LON:MNL) posted its earnings results on Wednesday. The investment trust reported GBX (1.52) earnings per share (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 Stock Performance

Shares of LON MNL traded up GBX 15.98 during trading on Wednesday, reaching GBX 783.98. 17,606 shares of the company traded hands, compared to its average volume of 39,129. The firm’s fifty day simple moving average is GBX 781 and its 200 day simple moving average is GBX 814.18. The stock has a market cap of £298.11 million, a P/E ratio of 3.07 and a beta of 0.82. Manchester & London has a 12-month low of GBX 435.01 and a 12-month high of GBX 954.38. The company has a current ratio of 5.83, a quick ratio of 2.81 and a debt-to-equity ratio of 0.03.

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.