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

Manchester & London (LON:MNL) issued its quarterly earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) earnings per share (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 Price Performance

LON:MNL opened at GBX 646.20 ($8.38) on Friday. Manchester & London has a 12 month low of GBX 572 ($7.42) and a 12 month high of GBX 850 ($11.02). The firm has a market capitalization of £257.34 million, a PE ratio of 2.15 and a beta of 0.42. The business’s fifty day moving average price is GBX 721.84 and its 200 day moving average price is GBX 708.50.

Manchester & London Increases Dividend

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

Insiders Place Their Bets

In related news, insider Daren John Morris acquired 4,925 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of GBX 751 ($9.74) per share, with a total value of £36,986.75 ($47,960.00). 2.09% of the stock is owned by company insiders.

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.