We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Manchester & London Investment Trust Plc | MNL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 825.00 | 12:25:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 825.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 25/09/2024 | Final | GBP | 0.07 | 03/10/2024 | 04/10/2024 | 08/11/2024 |
| 28/05/2024 | Special | GBP | 0.07 | 04/07/2024 | 05/07/2024 | 01/08/2024 |
| 13/03/2024 | Interim | GBP | 0.07 | 11/04/2024 | 12/04/2024 | 07/05/2024 |
| 27/09/2023 | Final | GBP | 0.07 | 05/10/2023 | 06/10/2023 | 08/11/2023 |
| 21/03/2023 | Interim | GBP | 0.07 | 13/04/2023 | 14/04/2023 | 04/05/2023 |
| 20/10/2022 | Final | GBP | 0.07 | 03/11/2022 | 04/11/2022 | 25/11/2022 |
| 22/03/2022 | Interim | GBP | 0.07 | 14/04/2022 | 19/04/2022 | 04/05/2022 |
| 22/03/2022 | Special | GBP | 0.07 | 14/04/2022 | 19/04/2022 | 04/05/2022 |
| 29/09/2021 | Final | GBP | 0.07 | 14/10/2021 | 15/10/2021 | 09/11/2021 |
| 17/03/2021 | Interim | GBP | 0.07 | 15/04/2021 | 16/04/2021 | 04/05/2021 |
| 30/09/2020 | Final | GBP | 0.07 | 15/10/2020 | 16/10/2020 | 06/11/2020 |
| 20/03/2020 | Interim | GBP | 0.07 | 09/04/2020 | 14/04/2020 | 05/05/2020 |
| Top Posts |
|---|
Posted at 23/1/2025 06:13 by takeiteasy At 5mins 30 secs, "Nvidia is going to get a big chunk of the enormous piles of cash we keep talking about..." talking about the Stargate initiativeAt 7mins 56 secs, "CEO ARM said to Cramer that Stargate could create tremendous demands for data centre equipent especially high end chips from Nvidia" Some nice 1 year alpha return vs. QQQ - noting for completeness the 5yr comparison MNL is well behind QQQ with the period before the full AI portfolio transition nai/dyor etc |
Posted at 18/1/2025 07:59 by takeiteasy Scores on the doors for the past year NAV not price (at 18/1/25) - per Morningstar.Bearing in mind we have been pretty near flat consolidation for many months now. MNL 47% PCT 42% ATT 42% BG USA 42% SMT 36% So we grabbed first place ...rivals nipping at our heels so let's hope for a fierce burst from NVDA this quarter to press back the advantage :) I have wondered for a while now that if we break 8 quid we may capture some momentum buyers who are technical traders? nai/dyor etc |
Posted at 07/1/2025 09:02 by takeiteasy Sums it up perfectly...one of the tiniest minority of active managers to beat the QQQ and SP500 last year and year before ...and the analysts are "jumpy"...you can only smile...hxxps://citywire.com "My list of funds starts with Manchester & London (MNL), a global equity fund. It isn’t without controversy, with some very well-known fund analysts being openly critical, but you have to hand it to manager Mark Sheppard – if you are going to take big, bold, concentrated bets, he at least takes the right ones. The fund’s big bet is on AI, with Microsoft and Nvidia the biggest holdings by a country mile (more than 60% of the portfolio). As you might expect from such a bet, the fund’s performance has been outstanding, with net asset value (NAV) up 54% in 2024, according to Morningstar, but the shares trade on a chunky 21% discount, which is a bit harsh. You could, of course, buy Microsoft and Nvidia stock yourself and probably get similar, though not identical, returns. However, Sheppard is very much plugged into the whole debate around AI and has been making some interesting side bets on vehicles such as Arista Networks". lols....nai/dyor etc |
Posted at 03/1/2025 07:03 by takeiteasy Update from our fund manager yesterday:"We stand by our Long Term Price Target on NVDA of $185 and we think there is a good chance we see that price in H2 2025. We have sold some call options on the name at $240 and $250 and we were paid a good yield for both shapes (so we are not alone in our optimistic view)". MNL is now writing NVDA call options with a strike of 240-250...and the fund remains at close to its highest ever discount....interest nai/dyor |
Posted at 18/12/2024 06:20 by takeiteasy We have now had a decent double pull back both in MNL and NVDA our largest holding. On the positive side you can make a hypothetial case that our holding here in MNL is being valued at a 2025 NVDA FWD PE of 16-17 (104/6).Cramer in video sees NVDA earnings for 2025 at $6 and 20% discount based on MNL NAV discount NVDA $130 share price is $104. This is just an illustration of one possible scenario amongst many others and no advice intended of course and dyor etc Context - "The estimated P/E Ratio for United Kingdom Stock Market is 16.05, calculated on 17 December 2024" |
Posted at 12/12/2024 05:13 by takeiteasy Our manager very recently:" We see the AI revolution occurring in 4 stages. Stage 1 is the development of the hardware and infrastructure, Stage 2 is moving data to the cloud and organising it so that AI agents can operate on that data. ..We have always cautioned that stage 3, which is the monetisation of AI applications, may take longer"We need to be patient "stage 1" investors imvho - we know AMD's GPU chip is only recently being scaled up and NVDA's blackwell is rolling out globally from early 2025. MNL is following a strict process through to a conclusion over the years ahead. Our "stage 2" names include MSFT and Google. Google offering is in the early phase of roll out - video blog demo imvho is simply jaw dropping blog.google/technolo MSFT offering www.techradar.com/pr also hxxps://glassalmanac e.g. New AI Copilot Browser Agent video imvho is equally jaw dropping hxxps://www.geeky-ga MSFT is the main investor in OpenAI/chatGPT4 which is now embedded across their offerings - it is only hosted on MSFT servers so MSFT charge if any other cloud wants to access it for their clients. So I see there are two very exciting stage 2 alternatives we are investing in both having their unique moats - the results of these developments should show up in 2025 results. None of this is intended as advice, more to explain why we are where we are. I.e. as the penny drops the investors may return to MNL...just check the share price response to the google AI news this week. nai/dyor etc |
Posted at 05/11/2024 07:16 by bigwadds Manchester & London IT Plc ("MNL") won the Citywire Investment Trust Award 2024 in the Global Equities category.This was a no-brainer (IMO) as its performance speaks for itself - see the link from Citywire below. Congratulations and well done must go to our Fund Manager, Mark Sheppard and his Team. Keep up the great work and please get the share price to over 900p in 2025. For those not familiar with this stock, MNL's current share price is around 710p vs the latest published NAV price of 889.6p. No advice intended. |
Posted at 26/10/2024 13:06 by iminterested Not wishing to sound rude but if you require a more diversified/balanced portfolio invested in AI then there are other inv trusts and funds that do that. I feel that investing in a fund such as mnl, I getting the benefit of a manager who really lives, eats and invests in his choices.I have bought much more stock at this level as discounts have widened, viewing that as a bonus because to many wee are still in the early stages of AI see what B Rogoff of Polar cap tech has to say.In a normal mkt it could be suggested that close to parity is where the NAV discount should be, if mnl is two year inv trust out performer and rates are cut (v v Important) we may find all stocks better, where nvidia and msft outperform and others looking to find an investment manager who understands this universe. There has been net sellers of inv trusts this year, and anyone with a cappital gain would be selling in front of the budget. |
Posted at 01/8/2024 10:09 by bluetooth Just received MNL dividend that I wasn't expecting until November, Special? |
Posted at 24/3/2024 11:39 by iminterested With respects to NAV discounts.By example Pershing Square Holdings have tried very hard, to narrow their discount Initiated a dividend Largescale Share buybacks Entry to ftse 100 Significant outperformance to other funds etc Fee cuts Yet the discount to nav over approx 5 years has gone from -20%, to -35% in Feb 2023, traded -40% a few months later and todau -25%. I have spoken with PSH management and Bill Ackman regarding this. They would like to see parity, they try but they feel that the market will eventually recognise quality and outperformance. RE MNL If this phase one of AI, If MNL management are superior If you would prefer to pay 82c in the $, for msft and nvda, according to intra-week nav's rather than a premium.] Whilst there is a bonus when the discount narrows, ask yourself these questions if the bonus when to parity overnight, would I sell all my shares, none or some? a) If its all of them, then mnl was bought, to take advantage of the discount and not because you believe in the management outperforming over 3,5 or 7 years. b) if its none or some, then you wil probably regret not taking full advantage of -16/18% PSH, MNL and Berhshire Hathaway all have two things in common a management with a very significant percentage of ownership in the fund, which means they are at greater risk to the downside as you or I. Concentrated portfolios in Buffets cases up 35% , Ackman 25% UMG and M Sheppard nvdia and msft. Whilst the discount remains, especially since the Morgan Stanley TMT, investors who follow MNL, should be considering whether their other holdings should be sold to purchase more AI, via mnl. It is our prerogative to manage our risk it is the fund managers we have confidence in to manage theirs! I have heard far too many asset allocators complain about PSH being to concentrated in risk,as there are only 8 stocks, but 8 is less concentrated than buying a single stock. If a fund has over 18/20 in a portfolio, why bother paying a fee instead just buy an etf. In the case of MNL, for one account I manage I sold polar technology in june last year to buy MNL, for that reason. Also consider why funds that proport to cap holdings by market capitalisation may be selling their winners and reweighting to losers. In PSHs case, they have found that 2020 +70% and 2021 +27% their discount widened. The market is the market, but the team has continued to out perform NACV up as is the quoted price. Berkshire Hathaway have always suffered from a conglomerate discount to NAV as well, some believe as high as -50%. To conclude, in time it is performance that counts!!!! The current discount is an advantage to those who know the stock well. I have and continue to reassess and buy more, when the opportunity arises. I sell non-performers and ask myself if the AI story is still in its infancy, (who understands it the most, those bothered to go back to university ?), where my portfolio can outperform. If the risk is to big the beta that AI has means I can allocate to cash or bonds against that risk. Because of the discount advantage the man fee change of 0.5 to 0.75 less relevant. If MNL was trading at parity, one good argument to buy is lost! Warren Buffet "Diversification is protection against ignorance. It makes little sense if you know what you are doing." "A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them." "Wide diversification is only required when investors do not understand what they are doing." "A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them." "Diversification may preserve wealth, but concentration builds wealth." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
