Manchester & London Inve... (MNL)

Company name:	Manchester & London Investment Trust Plc
EPIC:	MNL	Trading Currency:	GBX
Market Sector:	SSC7	ISIN:	GB0002258472
Market Segment:	SSMM	Share Type:	DE
WWW Address:	https://mlcapman.com/manchester-london-investment-trust-plc/	Description:	ORD 25P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
590.00	2.0 [0.34]	582.00	590.00	580.00	588.00	574.00	24,597
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
239.12	40.53	-0.09	-5.47	14.00	-	2.37	704.00 - 530.00

Manchester & London Inve... Key Figures

(at previous day's close)
Market Cap.	239.12	m
Shares In Issue	40.53	m
Prev. Close	588.00
PE Ratio	-
Dividend Yield	2.37	%
EPS - basic	-5.47	p
Dividend PS	14.00	p
Dividend Cover	-
Cash Flow PS	-17.96	p
Return On Equity (ROE)	-0.78	%
Operating Margin	-	%
PEG Factor	-
EPS Growth Rate	-72.56	%
Dividends PS Growth Rate	-	%
Net Debt	-59.35	m
Gross Gearing	10.61	%
Quick Assets	86.20	m
Net Working Capital	59.37	m
Intangibles / Fixed Assets	-	%
Turnover PS	-	p
Pre-Tax Profit PS	-4.19	p
Retained Profit PS	-16.63	p
Cash PS	212.63	p
Net Cash PS	146.45	p
Net Tangible Asset Value PS *	557.47	p
Net Asset Value PS	625.23	p
Spread	8.00 (1.36%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Manchester & London Inve... Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	588.00	570.00
4 weeks	588.00	552.00
12 weeks	610.00	530.00
1 year	704.00	530.00

Share Price Chart (5 years)

Manchester & London Inve... Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	570.00	20.00	3.51	570.00	0.03		578.28
4 weeks	570.00	20.00	3.51	552.00	0.03		576.36
12 weeks	554.00	36.00	6.50	530.00	0.06		576.98
26 weeks	646.00	-56.00	-8.67	530.00	0.07		591.15
1 year	620.00	-30.00	-4.84	530.00	0.07		615.59
3 years	530.00	60.00	11.32	398.00	0.05		570.46
5 years	241.00	349.00	144.81	230.00	0.05		508.31
† periods calculated are whole weeks rather than calendar months

Manchester & London Inve... Key Management Ratios

Manchester & London Inve... Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	-
Tobin's Q Ratio	1.12
Tobin's Q Ratio (excl. intangibles)	1.12
Dividend Yield	2.37	%
Market-to-Book Ratio	1.06
Price-to-Pre-Tax Profit PS	-140.66
Price-to-Retained Profit PS	-35.49
Price-to-Cash Flow PS	-32.86
Price-to-Sales PS	-
Price-to-Net Tangible Asset Value PS	0.94
Price-to-Cash PS	2.77
Net Working Capital PS	146.49
Price Pct to Working Capital PS	4.03	%
Earnings Yield	-	%
Average PE	20.65
Years in average	1
PE to PE average	-	%

Manchester & London Inve... Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	-23.48	%
Net Gearing (excl. Intangibles)	-23.48	%
Gross Gearing	10.61	%
Gross Gearing (excl. Intangibles)	10.61	%
Gearing Under 1 Year	10.61	%
Gearing Under 1 Year (excl. Intgbl)	10.61	%
Assets/Equity	1.12
Cash/Equity	38.14
(Liquidity Ratios)
Net Working Capital to Total Assets	23.49	%
Current Ratio	3.21
Quick Ratio (Acid Test)	3.21
Liquidity Ratio	3.21
Cash & Equiv/Current Assets	99.98	%
(Solvency Ratios)
Enterprise Value	152.94	m
CFO/Sales	-
CFO/Attributable Profit	-
CFO/Assets	-0.03
CFO/Debt	-0.27
Total Debt/Equity Market Value	0.11
Total Debt/Sales	-
Total Debt/Pre-Tax Profit	-15.78
Total Debt	26.82	m
Total Debt/Net Current Assets	0.45	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	11

Beta (60-Mnth)	Beta (36-Mnth)
-0.0873	-0.0892

Manchester & London Inve... Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	-0.75	%
Return On Assets (ROA)	-0.82	%
Net Profit Margin	-	%
Assets Turnover	-
Return On Equity (ROE)	-0.78	%
Return On Investment (ROI)	-0.90	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	-
Fixed Assets Turnover	-
Current Assets Turnover	-
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	-
Debtors-to-Sales	-	%
Debt Collection Period	-	Days

Manchester & London Inve... Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
17 Mar 2021	Interim	GBX	7.00	31/07/2020	31/07/2021	15/04/2021	16/04/2021	04/05/2021	-
30 Sep 2020	Final	GBX	7.00	31/07/2019	31/07/2020	15/10/2020	16/10/2020	06/11/2020	14.00
20 Mar 2020	Interim	GBX	7.00	31/07/2019	31/07/2020	09/04/2020	14/04/2020	05/05/2020	-
25 Sep 2019	Final	GBX	8.00	31/07/2018	31/07/2019	23/01/2020	24/01/2020	14/02/2020	14.00
20 Mar 2019	Interim	GBX	6.00	31/07/2018	31/07/2019	04/04/2019	05/04/2019	30/04/2019	-
23 Nov 2018	Final	GBX	8.00	31/07/2017	31/07/2018	24/01/2019	25/01/2019	15/02/2019	12.00
03 Apr 2018	Interim	GBX	4.00	31/07/2017	31/07/2018	12/04/2018	13/04/2018	08/05/2018	-
13 Oct 2017	Special	GBX	4.24	31/07/2016	31/07/2017	09/11/2017	10/11/2017	04/12/2017	-
13 Oct 2017	Final	GBX	1.76	31/07/2016	31/07/2017	09/11/2017	10/11/2017	04/12/2017	9.00
04 Apr 2017	Special	GBX	1.18	31/07/2016	31/07/2017	13/04/2017	18/04/2017	02/05/2017	-
04 Apr 2017	Interim	GBX	1.82	31/07/2016	31/07/2017	13/04/2017	18/04/2017	02/05/2017	-
21 Oct 2016	Special	GBX	1.05	31/07/2015	31/07/2016	17/11/2016	18/11/2016	02/12/2016	-
21 Oct 2016	Final	GBX	1.85	31/07/2015	31/07/2016	17/11/2016	18/11/2016	02/12/2016	13.36
02 Aug 2016	Special	GBX	7.50	31/07/2015	31/07/2016	11/08/2016	12/08/2016	26/08/2016	-
05 Apr 2016	Special	GBX	2.10	31/07/2015	31/07/2016	14/04/2016	15/04/2016	29/04/2016	-
05 Apr 2016	Interim	GBX	0.40	31/07/2015	31/07/2016	14/04/2016	15/04/2016	29/04/2016	-
05 Apr 2016	Special	GBX	0.46	31/07/2015	31/07/2016	14/04/2016	15/04/2016	29/04/2016	-
30 Oct 2015	Final	GBX	1.70	31/07/2014	31/07/2015	19/11/2015	20/11/2015	03/12/2015	6.00
30 Oct 2015	Special	GBX	0.25	31/07/2014	31/07/2015	19/11/2015	20/11/2015	03/12/2015	-
30 Mar 2015	Special	GBX	0.25	31/07/2014	31/07/2015	09/04/2015	10/04/2015	30/04/2015	-
30 Mar 2015	Interim	GBX	1.50	31/07/2014	31/07/2015	09/04/2015	10/04/2015	30/04/2015	-
12 Nov 2014	Special	GBX	2.30	31/07/2014	31/07/2015	20/11/2014	21/11/2014	28/11/2014	-
28 Oct 2014	Final	GBX	1.98	31/07/2013	31/07/2014	20/11/2014	21/11/2014	28/11/2014	13.75
28 Oct 2014	Special	GBX	1.27	31/07/2013	31/07/2014	20/11/2014	21/11/2014	28/11/2014	-
31 Jul 2014	Special	GBX	5.00	31/07/2013	31/07/2014	06/08/2014	08/08/2014	22/08/2014	-
27 Mar 2014	Interim	GBX	5.50	31/07/2013	31/07/2014	09/04/2014	11/04/2014	30/04/2014	-
24 Oct 2013	Final	GBX	8.25	31/07/2012	31/07/2013	13/11/2013	15/11/2013	06/12/2013	13.75
19 Mar 2013	Interim	GBX	5.50	31/07/2012	31/07/2013	10/04/2013	12/04/2013	29/04/2013	-
16 Oct 2012	Final	GBX	7.80	31/07/2011	31/07/2012	07/11/2012	09/11/2012	30/11/2012	13.00
16 Mar 2012	Interim	GBX	5.20	31/07/2011	31/07/2012	11/04/2012	13/04/2012	30/04/2012	-
26 Oct 2011	Final	GBX	7.30	31/07/2010	31/07/2011	09/11/2011	11/11/2011	01/12/2011	12.50
16 Mar 2011	Interim	GBX	5.20	31/07/2010	31/07/2011	06/04/2011	08/04/2011	30/04/2011	-
29 Jul 2010	Final	GBX	6.50	31/07/2009	31/07/2010	10/11/2010	12/11/2010	30/11/2010	11.50
12 Mar 2010	Interim	GBX	5.00	31/07/2009	31/07/2010	04/04/2010	06/04/2010	30/04/2010	-
08 Mar 2007	Interim	GBX	2.50	31/07/2006	31/01/2007	27/03/2007	29/03/2007	26/04/2007	-
28 Sep 2006	Final	GBX	7.00	31/07/2005	31/07/2006	25/10/2006	27/10/2006	29/11/2006	9.50
07 Mar 2006	Interim	GBX	2.50	31/07/2005	31/01/2006	29/03/2006	31/03/2006	19/04/2006	-
05 Oct 2005	Final	GBX	7.00	31/07/2004	31/07/2005	19/10/2005	21/10/2005	30/11/2005	9.50
18 Feb 2005	Interim	GBX	2.50	31/07/2004	31/01/2005	27/03/2005	29/03/2005	22/04/2005	-
28 Sep 2004	Final	GBX	7.00	31/07/2003	31/07/2004	13/10/2004	15/10/2004	24/11/2004	9.50
18 Feb 2004	Interim	GBX	2.50	31/07/2003	31/01/2004	24/03/2004	26/03/2004	19/04/2004	-
01 Oct 2003	Final	GBX	7.00	31/07/2002	31/07/2003	15/10/2003	17/10/2003	04/02/2004	9.50
18 Feb 2003	Interim	GBX	2.50	31/07/2002	31/01/2003	19/03/2003	21/03/2003	17/04/2003	-
08 Oct 2002	Final	GBX	6.00	31/07/2001	31/07/2002	09/10/2002	11/10/2002	27/11/2002	8.50
27 Feb 2002	Interim	GBX	2.50	31/07/2001	31/01/2002	20/03/2002	22/03/2002	19/04/2002	-
02 Oct 2001	Final	GBX	1.90	31/07/2000	31/07/2001	10/10/2001	12/10/2001	27/11/2001	2.50
12 Mar 2001	Interim	GBX	0.60	31/07/2000	31/01/2001	21/03/2001	23/03/2001	17/05/2001	-
05 Oct 2000	Final	GBX	1.50	31/07/1999	31/07/2000	16/10/2000	20/10/2000	27/11/2000	2.00
23 Feb 2000	Interim	GBX	0.50	31/07/1999	31/01/2000	06/03/2000	10/03/2000	04/05/2000	-
04 Oct 1999	Final	GBX	1.00	31/07/1998	31/07/1999	11/10/1999	15/10/1999	25/11/1999	1.50
22 Feb 1999	Interim	GBX	0.50	31/07/1998	31/01/1999	01/03/1999	05/03/1999	06/05/1999	-
09 Oct 1998	Final	GBX	1.50	31/07/1997	31/07/1998	19/10/1998	23/10/1998	23/11/1998	1.50

Manchester & London Inve... Fundamentals

	31 Jul 2017 (GBP)		31 Jul 2018 (GBP)		31 Jul 2019 (GBP)		31 Jul 2020 (GBP)
turnover	-	-	-	-	-	-	-	-	m
pre tax profit	1.76	-	-0.41	-	-0.81	-	-1.70	-	m
attributable profit	1.71	-	-0.47	-	-0.86	-	-1.76	-	m
retained profit	-1.18	-	-2.76	-	-4.77	-	-6.74	-	m
eps - basic (p)	7.90		-2.00		-3.17		-5.47
eps - diluted (p)	7.90		-2.00		-3.17		-5.47
dividends per share	9.00		12.00		14.00		14.00

Manchester & London Inve... Balance Sheet

	31 Jul 2017 (GBP)		31 Jul 2018 (GBP)		31 Jul 2019 (GBP)		31 Jul 2020 (GBP)


	31 Jul 2017 (GBP)		31 Jul 2018 (GBP)		31 Jul 2019 (GBP)		31 Jul 2020 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	81.28	83.82%	106.33	79.22%	140.95	81.02%	166.56	65.90%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	4.49	4.63%	0.03	0.02%	0.14	0.08%	0.02	0.01%	m
cash & securities	11.21	11.56%	27.86	20.76%	32.88	18.90%	86.18	34.09%	m

TOTAL	96.97	100%	134.22	100%	173.96	100%	252.76	100%	m

LIABILITIES
creditors - short	2.31	2.38%	3.83	2.85%	6.98	4.01%	26.82	10.61%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	2.31	2.38%	3.83	2.85%	6.98	4.01%	26.82	10.61%	m

EQUITY
ord cap, reserves	94.66	97.62%	130.39	97.15%	166.98	95.99%	225.93	89.39%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	94.66	97.62%	130.39	97.15%	166.98	95.99%	225.93	89.39%	m

OTHER
NAV Basic	429.05		532.81		568.66		625.23
NAV Diluted	429.05		532.81		568.66		625.23

Manchester & London Inve... Cash Flow Statement

	31 Jul 2017 (GBP)	31 Jul 2018 (GBP)	31 Jul 2019 (GBP)	31 Jul 2020 (GBP)
Operating CF	1.81	2.65	-2.10	-7.28	m
Pre-Financing CF	-22.93	7.99	-14.55	20.22	m
Retained CF	-24.05	16.65	5.02	53.30	m

Manchester & London Inve... Brokers

Name	Activity	Type	Mnemonic	Code
Fairfax I.S. PLC	Market Maker(MMF)	Broker/Dealer	FFAX	FRFXGB21001
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC