Manchester & London (LON:MNL) Posts Earnings Results

Manchester & London (LON:MNLGet Free Report) announced its earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) earnings per share for the quarter, Digital Look Earnings reports. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Manchester & London Price Performance

Shares of LON:MNL traded down GBX 33.80 ($0.44) during midday trading on Friday, reaching GBX 646.20 ($8.38). The company’s stock had a trading volume of 2,952 shares, compared to its average volume of 61,022. Manchester & London has a fifty-two week low of GBX 572 ($7.42) and a fifty-two week high of GBX 850 ($11.02). The company has a market capitalization of £257.34 million, a P/E ratio of 2.15 and a beta of 0.42. The business’s fifty day simple moving average is GBX 721.84 and its 200-day simple moving average is GBX 708.50.

Manchester & London Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 10th will be paid a GBX 14 ($0.18) dividend. The ex-dividend date is Thursday, April 10th. This is a positive change from Manchester & London’s previous dividend of $7.00. This represents a dividend yield of 2.06%. Manchester & London’s dividend payout ratio (DPR) is 4.66%.

Insider Activity

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

About Manchester & London

(Get Free Report)

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.

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