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

Manchester & London (LON:MNL) announced its quarterly earnings data 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 MNL stock opened at GBX 783.98 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.81 and a current ratio of 5.83. The company has a market capitalization of £298.11 million, a price-to-earnings ratio of 3.07 and a beta of 0.82. Manchester & London has a one year low of GBX 435.01 and a one year high of GBX 954.38. The company’s 50-day moving average is GBX 781 and its 200 day moving average is GBX 814.18.

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.