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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Manchester & London Investment Trust Plc | MNL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -6.00 | -1.07% | 554.00 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 532.00 | 532.00 | 572.00 | 554.00 | 560.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 19/03/2025 | Special | GBP | 0.07 | 10/04/2025 | 11/04/2025 | 08/05/2025 |
| 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 |
| Top Posts |
|---|
Posted at 12/4/2025 07:24 by takeiteasy 1/4 update: "The Fund was down ~12.7 per cent versus NDXT GBP TR of -11.3 per cent. As we said in the last Newsletter, Technology Investing is highly volatile and will not suit some".Over arguably one of the most volatile trading weeks in recent history from uk.investing.com stats for our largest holdings in MNL-one week share price moves: NVDA +18% ASML +10% AMD +9% MSFT +8% Alphabet +8% vs. 7.5% for QQQ reference index....after much underperformance we await the turnaround to continue :) nai.dyor etc |
Posted at 10/4/2025 09:33 by takeiteasy MNL up 23% - surely not. We had many buses arriving all at once.Already in the bag - semis exempt from DT tariffs (for now) and NVDA allowed to sell h20s to China New news yesterday - Google confirmed no let up in AI capex despite all the issues... nai/dyor etc |
Posted at 10/4/2025 08:15 by bigwadds Don't forget to account for the fact that MNL has gone XD today.....so, add 14 pence per share! |
Posted at 09/4/2025 18:13 by takeiteasy do you believe what you read in the press https://finance.yaho |
Posted at 19/3/2025 15:59 by takeiteasy "competition in the rear view mirror"....nice uplift in MNL NAV over the past week...perhaps with a multi year upgrade NVDA cadence outlined at GTC event the infrastructure AI thesis may be back in consideration after nearly 9 months off the radar?nai/dyor etc |
Posted at 14/3/2025 09:13 by takeiteasy Our c.38% NVDA holding has picked back up from a low around $104 to just under $118 this morning and the bid price for MNL has yet to move off 620 ish....much patience needed here :)nai/dyor etc |
Posted at 14/2/2025 07:48 by takeiteasy As luck would have it, located some sharpe ratios (not to be taken as gospel of course)..MNL - 1.1 PCT - 2 ATT - 1.8 SMT - 1.7 nai/dyor etc |
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 01/8/2024 11:09 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." |
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