Manchester & London Inve... Dividends - MNL

Manchester & London Inve... Dividends - MNL

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Manchester & London Investment Trust Plc MNL London Ordinary Share GB0002258472 ORD 25P
  Price Change Price Change % Stock Price Last Trade
-9.00 -1.37% 650.00 16:29:55
Close Price Low Price High Price Open Price Previous Close
650.00 650.00 650.00 650.00 659.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Manchester & London Inve... MNL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
30/09/2020FinalGBX731/07/201931/07/202015/10/202016/10/202006/11/202014
20/03/2020InterimGBX731/07/201931/07/202009/04/202014/04/202005/05/20200
25/09/2019FinalGBX831/07/201831/07/201923/01/202024/01/202014/02/202014
20/03/2019InterimGBX631/07/201831/07/201904/04/201905/04/201930/04/20190
23/11/2018FinalGBX831/07/201731/07/201824/01/201925/01/201915/02/201912
03/04/2018InterimGBX431/07/201731/07/201812/04/201813/04/201808/05/20180
13/10/2017FinalGBX1.7631/07/201631/07/201709/11/201710/11/201704/12/20179
13/10/2017SpecialGBX4.2431/07/201631/07/201709/11/201710/11/201704/12/20170
04/04/2017InterimGBX1.8231/07/201631/07/201713/04/201718/04/201702/05/20170
04/04/2017SpecialGBX1.1831/07/201631/07/201713/04/201718/04/201702/05/20170
21/10/2016FinalGBX1.8531/07/201531/07/201617/11/201618/11/201602/12/201613.36
21/10/2016SpecialGBX1.0531/07/201531/07/201617/11/201618/11/201602/12/20160
02/08/2016SpecialGBX7.531/07/201531/07/201611/08/201612/08/201626/08/20160
05/04/2016SpecialGBX0.4631/07/201531/07/201614/04/201615/04/201629/04/20160
05/04/2016InterimGBX0.431/07/201531/07/201614/04/201615/04/201629/04/20160
05/04/2016SpecialGBX2.131/07/201531/07/201614/04/201615/04/201629/04/20160
30/10/2015SpecialGBX0.2531/07/201431/07/201519/11/201520/11/201503/12/20150
30/10/2015FinalGBX1.731/07/201431/07/201519/11/201520/11/201503/12/20156
30/03/2015SpecialGBX0.2531/07/201431/07/201509/04/201510/04/201530/04/20150
30/03/2015InterimGBX1.531/07/201431/07/201509/04/201510/04/201530/04/20150
12/11/2014SpecialGBX2.331/07/201431/07/201520/11/201421/11/201428/11/20140
28/10/2014SpecialGBX1.2731/07/201331/07/201420/11/201421/11/201428/11/20140
28/10/2014FinalGBX1.9831/07/201331/07/201420/11/201421/11/201428/11/201413.75
31/07/2014SpecialGBX531/07/201331/07/201406/08/201408/08/201422/08/20140
27/03/2014InterimGBX5.531/07/201331/07/201409/04/201411/04/201430/04/20140
24/10/2013FinalGBX8.2531/07/201231/07/201313/11/201315/11/201306/12/201313.75
19/03/2013InterimGBX5.531/07/201231/07/201310/04/201312/04/201329/04/20130
16/10/2012FinalGBX7.831/07/201131/07/201207/11/201209/11/201230/11/201213
16/03/2012InterimGBX5.231/07/201131/07/201211/04/201213/04/201230/04/20120
26/10/2011FinalGBX7.331/07/201031/07/201109/11/201111/11/201101/12/201112.5
16/03/2011InterimGBX5.231/07/201031/07/201106/04/201108/04/201130/04/20110
29/07/2010FinalGBX6.531/07/200931/07/201010/11/201012/11/201030/11/201011.5
12/03/2010InterimGBX531/07/200931/07/201004/04/201006/04/201030/04/20100
08/03/2007InterimGBX2.531/07/200631/01/200727/03/200729/03/200726/04/20070
28/09/2006FinalGBX731/07/200531/07/200625/10/200627/10/200629/11/20069.5
07/03/2006InterimGBX2.531/07/200531/01/200629/03/200631/03/200619/04/20060
05/10/2005FinalGBX731/07/200431/07/200519/10/200521/10/200530/11/20059.5
18/02/2005InterimGBX2.531/07/200431/01/200527/03/200529/03/200522/04/20050
28/09/2004FinalGBX731/07/200331/07/200413/10/200415/10/200424/11/20049.5
18/02/2004InterimGBX2.531/07/200331/01/200424/03/200426/03/200419/04/20040
01/10/2003FinalGBX731/07/200231/07/200315/10/200317/10/200304/02/20049.5
18/02/2003InterimGBX2.531/07/200231/01/200319/03/200321/03/200317/04/20030
08/10/2002FinalGBX631/07/200131/07/200209/10/200211/10/200227/11/20028.5
27/02/2002InterimGBX2.531/07/200131/01/200220/03/200222/03/200219/04/20020
02/10/2001FinalGBX1.931/07/200031/07/200110/10/200112/10/200127/11/20012.5
12/03/2001InterimGBX0.631/07/200031/01/200121/03/200123/03/200117/05/20010
05/10/2000FinalGBX1.531/07/199931/07/200016/10/200020/10/200027/11/20002
23/02/2000InterimGBX0.531/07/199931/01/200006/03/200010/03/200004/05/20000
04/10/1999FinalGBX131/07/199831/07/199911/10/199915/10/199925/11/19991.5
22/02/1999InterimGBX0.531/07/199831/01/199901/03/199905/03/199906/05/19990
09/10/1998FinalGBX1.531/07/199731/07/199819/10/199823/10/199823/11/19981.5

Top Dividend Posts

DateSubject
26/8/2020
16:22
digitaria: Salesforce, which comprised 7% of Manchester & London last time they updated us, is up more than 25% today. Which ought to be positive for the MNL NAV.
29/2/2020
13:53
basstrend: I hold six investment trusts in my SIPP, including MNL and they all took a severe bashing last week. Manchester & London fell by a whopping 18.85% !! In just one week the average drop was 17%, which is quite a bit higher than the global markets dropped in the last week. Not sure I understand why ITs suffered worse (other than travel related stocks) compared to other stocks and indices.. Anyway, here's the drop I observed on the 6 trusts mentioned above, in the last 5 market days only - 18.95% ATT - Allianz Technology Trust 18.28% THRG - BlackRock Throgmorton Trust 18.85% MNL - Manchester & London Inv Trust 14.86% PCT - Polar Capital Trust 13.69% SMT - Scottish Mortgage Trust 17.39% SSON - Smithson Inv Trust NB the average 5 day drop across these 6 IT's is: 17% - quite shocking really!
09/10/2019
13:08
robow: from Citywire James Carthew: the global newcomer beating Lindsell Train & Scottish Mortgage If you could design your own investment company, what would it look like? For most of us the idea is a pipe dream but for Mark Sheppard, manager of Manchester & London (MNL), it’s a reality. While Manchester & London operates with all the usual checks and balances you’d associate with a stock exchange listed investment company, including an independent board and custodian, Sheppard has control of the £151 million trust, with 56.7% of the company held by M&M Investment Company, an unlisted company he controls. Sheppard originally qualified as a chartered accountant before working at investment bank ABN Amro Hoare Govett. More recently Sheppard has embarked on a BSc (honours) degree in Computing and IT, reflecting a passion for the technology sector that dominates Manchester & London’s portfolio. He is assisted by a team of three, including Brett Miller who has managed other listed funds, including a role behind the Damille activist trusts. The team also manages a small open-ended fund, M&L Global Digital and Technology, which had assets of just $21 million (£19 million) at the end of September. Manchester & London had always been managed with a focus on high growth companies but, prior to 2015, the bias was to companies benefiting from the growth of emerging markets and to companies listed in the UK. After a period of difficult performance in 2014, Mark began to rebalance the trust towards the technology, consumer goods and healthcare sectors. As the geographic remit broadened, Manchester & London soon took on the look of a global, large company portfolio. The subsequent performance was impressive but there was always a degree of sterling weakness flattering its returns compared to other trusts in the Association of Investment Companies’ UK All Companies sector. When the AIC revamped its sectors earlier this year, it was moved to the Global sector (while Independent (IIT) was shifted unwillingly to UK All Companies and Law Debenture (LWDB) happily found a new home in UK Equity Income). Now that it is being compared to an appropriate peer group, Manchester & London’s performance looks all the better. A year ago it beat Scottish Mortgage (SMT) to win Citywire's global investment trust performance award. I don't know whether it will do the same again this year, but looking at the latest data, In the Global sector over three years to yesterday Manchester & London ranks third with an underlying total return on net assets of 58.9%. This puts it behind only Lindsell Train (LTI), up 110%, and Scottish Mortgage on 59.4%. Remarkably, however, in terms of the three-year total returns received by shareholders, Manchester & London is currently number one! Its 87.5% growth reflects a re-rating that has seen the shares virtually lose all of the 21% discount to net asset value at which they used to trade. By contrast, Lindsell Train’s de-rating this year, with the previously exorbitant 109% premium falling to ‘just’ 28%, has cut the trust’s shareholder returns to 75% over the same period. Although Scottish Mortgage’s discount has widened slightly recently, its 50% three-year shareholder return demonstrates how the shares have broadly traded close to NAV. ‘Long the future’ Few managers of investment companies get to run a portfolio entirely composed of high-conviction positions but Sheppard does; Amazon, Alphabet, Microsoft, Alibaba and Facebook accounted for 56.9% of Manchester & London’s NAV at the end of August. Manchester & London buys large companies in developed markets that are rich in intellectual property. Sheppard sums up the approach as being ‘long the future’. Perhaps, its closest comparator, in terms of the long portfolio, would be Scottish Mortgage, but without the unquoted companies, making Manchester & London a bit more nimble. One of the many things that differentiates Manchester & London’s investment policy is that the portfolio is also short the past. At the end of August, long positions accounted for 121.5% of net assets and short positions – where Sheppard is betting the shares will fall – at -31.9%. The shorts include baskets of stocks selected for unfavourable traits such as having weak balance sheets or declining margins. The derivatives exposure can be adjusted quite easily, allowing the trust to adjust its market exposure. With economic growth stumbling and a US election looming with the rhetoric against drug pricing ramping up as it does every four years, the trust’s portfolio now includes very little consumer discretionary and no healthcare. Manchester & London does have a small amount invested in Scottish Mortgage and Polar Capital Technology (PCT) in addition to its direct tech investments. The geographic bias is to the US and China and the trust is net short of the eurozone. Many investors want fund managers who are prepared to follow their convictions. There is well-deserved antipathy to active managers who end up hugging stock market indices but Manchester & London is towards the other end of the scale. This makes it a bit ‘marmite’;. The shares now trade on a small 5% discount but that seems undeserved to me. In addition to the impressive performance track record, the trust is a reasonable size, pays a yield of 2.7% paid from capital and levied ongoing charges of 0.83% for the year to July 2019, down from 0.93%. Perhaps the strongest argument for the trust is the manager’s ‘skin in the game’. However, Sheppard’s punchy investment style, and implied portfolio volatility that is much higher than a broad market index, means this is not a widows and orphans trust, any more than perhaps Scottish Mortgage should be. James Carthew is a director at Marten & Co, operator of the QuotedData website. The views expressed in this article are his and do not constitute investment advice.
31/7/2019
14:58
fundgeneral: MNL LN has just posted yet another ATH NAV per share. This stock just keeps grinding higher! no-one ever notices...
07/3/2017
13:39
clausentum: IMO Questor has really excelled himself this time, by presenting MNL as Scottish Mortgage at a 20% discount! What a crazy jump in SP! The discount will soon have disappeared.
02/3/2017
22:21
888icb: An 8.59% rise today no doubt on the back of the US market going to an all time high on the back of Trumps speech. Simon Thompson of the IC tipped it and today the Telegraphs Questor column pointed out its largest holding is Amazon and MNL trades at a 21% discount to NAV. I invested on Simons tip and am very pleased with progress so far.
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