Manchester & London (LON:MNL) Releases Earnings Results

Manchester & London (LON:MNL) announced its 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 Stock Up 1.0%

LON MNL opened at GBX 788 on Thursday. The company has a quick ratio of 2.81, a current ratio of 5.83 and a debt-to-equity ratio of 0.03. Manchester & London has a fifty-two week low of GBX 435.01 and a fifty-two week high of GBX 954.38. The business has a 50 day moving average price of GBX 780.63 and a two-hundred day moving average price of GBX 813.95. The stock has a market cap of £299.64 million, a PE ratio of 3.08 and a beta of 0.82.

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.