Manchester & London (LON:MNL) Issues Earnings Results

Manchester & London (LON:MNL) 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 Stock Down 5.0 %

Manchester & London stock opened at GBX 646.20 ($8.38) on Friday. Manchester & London has a 52-week low of GBX 572 ($7.42) and a 52-week high of GBX 850 ($11.02). The company has a market cap of £257.34 million, a P/E ratio of 2.15 and a beta of 0.42. The business has a 50-day simple moving average of GBX 721.84 and a two-hundred day simple moving average of GBX 708.50.

Manchester & London Increases Dividend

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

Insider Transactions at Manchester & London

In other Manchester & London news, insider Daren John Morris acquired 4,925 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of GBX 751 ($9.74) per share, with a total value of £36,986.75 ($47,960.00). Company insiders own 2.09% of the company’s stock.

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.