Manchester & London Inve... Share Discussion Threads

[jfinvestments] 26/4/2022 18:12

To add to this, I think I will wait on earnings results from Goog and MSFT before making a decision on this being a buy. I think that of they miss predictions there could be a further fall, if they do well I think the nav should increase given they are the top holdings from memory that is. They were for a long while.

[jfinvestments] 26/4/2022 17:33

This is really struggling. 30% down in 6 months. This and SMT continued the tech downward trend today.This could become attractive again soon? At 18% discount, it could be close to a buy now? This is 100p or so lower than March 2020 price for comparison. The top holdings of the portfolio are safe, but 128% overweight USA and tech isn't the play heading towards recession however. It's one for the brave contrarians.

[thruxie] 20/3/2022 11:41

They recently sold-out of their entire Chinese positions. Only time will tell whether that was a total capitulation at the market bottom or an inspired call. My gut feeling the former but still holding here as well as about 6% portfolio in China (JCGI).

[superadams] 17/11/2021 09:01

Took another chunk of these. Look cheap as chips.

[thruxie] 16/11/2021 21:26

NAV now at an all time high.

[gilesy] 05/11/2021 11:25

sold out today
very disappointing performance this year
too much fancy manoeuverning with etf's etc for my liking and widening discount looks likely to continue

[thruxie] 27/10/2021 18:20

Google and Microsoft reaching all time highs today and MNL is down. Time for another top up.

[jfinvestments] 01/8/2021 10:06

The spread was too large the other day otherwise I would have considered topping up. It has taken a big hit following the telegraph and recently the citywire article. It is still cheap exposure to some great companies.

[arja] 01/8/2021 09:40

except that still on a similar discount and uninspiring chart although a short term bounce likely

[riskvsreward] 30/6/2021 17:07

A high quality technology trust on 14% discount, this is very good value and a good long term investment as well.

[thruxie] 30/6/2021 15:53

NAV hit an all time high today. Next thing is the discount needs to close.

[b0risj0hns0n] 30/6/2021 14:31

I agree - marks been continuing to buy and this is a great one for the long term

[thruxie] 02/6/2021 22:25

Part of the recent decline has to be down to the strengthening pound which is up approximately 15% over the past year v the dollar. The NAV seems to track FAANG stocks quiet closely but the share price discount has widened. PCT is also now on 7.5% discount SMT on 2.5%.

My view looking at the underlying holdings there's every good reason to expect the share price to increase and reward us so buying more on dips while the £ is stronger and quality is on sale at a discount.

[superadams] 02/6/2021 18:02

Now on 10% discount. Nice if you're buying. Not so clever if you're a holder. Still suffering from questor article hangover.

[novision] 26/5/2021 17:43

beginning to think I should have sold at 7 quid....

[2torrance] 18/5/2021 17:01

Thaiger Agreed completely baffling and then up again? Did the company step in to buy shares?

[thaiger] 18/5/2021 11:49

What causes MNL share price to be down so much when others are up today?

[superadams] 29/4/2021 15:44

Took advantage of the drop to double up here.

[thruxie] 13/4/2021 00:35

Alibaba up 9.27% on the day and it makes up 11.5% of the trust!

[jfinvestments] 12/4/2021 20:10

I'm not overly concerned about movement up or down in what is a very volatile market. It is to be expected with money transitioning into value and the gains last year. Look at how it did in the crash - fairly impressive.Monthly factsheet released today.

[sf5] 12/4/2021 10:19

Given the price gyrations/decline since July, isn't it time someone renamed this board?!

[jfinvestments] 09/4/2021 17:05

Back to 600p. Hopefully Telegraph panic didn't force too many to sell on here.