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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
|
|
|---|---|---|---|---|
| -20.00 | -2.67% | 730.00 | 16:21:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 736.00 | 730.00 | 748.00 | 730.00 | 750.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 13/6/2025 08:51 by takeiteasy Simplest measure to me that seemingly hardly any one fully grasps the AI opportunity is this much quoted comparison - courtesy google search"Nvidia (NVDA) currently has a forward P/E of 33.78, while Costco (COST) has a forward P/E of 49.3. This means that investors are valuing Costco more highly relative to its projected earnings compared to Nvidia, despite Nvidia's potential for faster growth". So why would we expect any interest in anyone joining here- I see the manager has organised another large buy yesterday - well done, but longer term we need some actual retail/II buyers here I suspect ..nai/dyor etc |
Posted at 05/6/2025 16:10 by takeiteasy The all-time high Microsoft stock closing price was 464.00 on July 05, 2024wow almost 12 months to take this out today... we are clearly very patient investors here :) nai etc |
Posted at 04/6/2025 06:05 by takeiteasy Coreweave stock who run AI data centres using NVDA blackwell chips is something else atm share performance wise - makes PLTR look like a snail :)Does our manager follow this - he never mentions it in his comment sheet? If you read the manager notes there are a fair handful of stocks he almost regrets holding due to the risks - hardly inspires investors to add into MNL. Vertiv, PLTR, Coreweave to name 3 of the more high profile ones that appear in other AI funds - if he looks hard enough there are a number of other names to consider and diversify better.... Sacking google as a holding was a nice start, just need to continue to be more ruthless with the other fading lights.... no investment advice intended of course.... |
Posted at 04/6/2025 05:56 by takeiteasy Semis comparison by time period vs. the US tech index QQQOver 5 years Semis win by a mile - Over 1 year semis substantially underperform - Only when you look to the most recent 1 month time period has a small gap opened up again for semis to lead the advance It has been a very long wait to get the semis back into leadership and this may be only the very start point back to the long term trend so perhaps little awareness among the investment community in UK - PJ, we see FOMO with US investors but what about the UK? nai etc |
Posted at 02/6/2025 06:44 by takeiteasy Long email from the manager last night to investors. To those who have no time to read it, portfolio adjustments appear to be as follows:Reduced substantially due to major concerns: Google and Cadence Trimmed back holding size due to concerns: AMD, ASML, ANET and Synopsys Bumped up a little: CRM and Dell Overall portfolio gearing close to zero as overweight tech holdings covered with a large SP500 short - gearing was i think over 10% recently. Well all I will say is that this is a sensible start, and shows the manager is thinking about risk management points....still think he needs to go a lot further though....nai/dyor etc |
Posted at 29/5/2025 16:47 by posh johno I would add that the Manchester and London name is awful and a complete anachronism. I really don't think it helps at all.A name that clearly identified what the investment proposition is might make some positive difference with retail investors. And, much as I love the manager's tweets and presentations - I too given the chance would vote in favour of a winding up and reinvest in PCT or similar. |
Posted at 29/5/2025 15:39 by posh johno I think there is one fundamental issue with MNL; which is its small size and low market capitalisation. It's not of a scale to attract significant institutional coverage and investment. The current market capitalisation is circa £280m, which is too small for many institutional investors and wealth managers to invest. As it's so small and the manager holds so many of the shares (which is generally a good thing) there isn't much liquidity - hence the wide spreads you often see quoted between the buy price and sell price. I recently tried to establish the average daily number of Manchester and London shares traded using Perplexity and got a range of between 56,000 and 60,000 as the answer. As the manager holds so many shares I don't think we can look forward to Boaz Weinstein coming to the rescue. I would suggest the answer to the persistent discount to NAV might be an annual continuation vote and/or a merger with a larger technology trust such as PCT. I remain a strong believer in the investment thesis of MNL so am not planning to sell my holding any time soon. But the discount is a major frustration. There is also a broader issue with shrinking retail demand for UK investment trusts - but I think the fundamental issues for MNL are lack of scale and liquidity. |
Posted at 27/5/2025 19:07 by takeiteasy NVDA results tomorrow after hours - a new phrase has been created called "fear fatigue" MSM can only tell the troops so many times the house is burning down and then say it isn't really....have all the investors who left us in late 2024 ever thought about returning....I doubt it....once bitten twice shy.....There is too much volatility in this theme imvho for most punters who want a nice diversified global growth fund....we have taken the highest beta name in the NQ 100, stuffed it up to 38% position size and then leveraged to 112% on top....great for a thrill seeker lols...longer term the only way to reduce the discount imvho is better diversification e.g the growth areas away from AI e.g. RObin Hood etc...manager is trying I know so will not be critical but.....but..... nai/dyor etc |
Posted at 21/1/2025 09:34 by takeiteasy hxxps://www.gurufocuSummary Stanley Druckenmiller urges investors to buy AI stocks, citing pro-business momentum and accelerating AI adoption under Trump Article's Main Image Billionaire investor Stanley Druckenmiller believes optimism is returning to markets and is urging investors to buy artificial intelligence (AI) stocks. Speaking to CNBC, Druckenmiller said he sees pro-business momentum under Donald Trump's administration, with CEOs feeling “relieved and giddy.” He believes companies adopting AI to cut costs and boost productivity will outperform. While he didn't name specific stocks, Druckenmiller last year sold his holdings in Nvidia (NVDA, Financial) and Microsoft (MSFT, Financial)—a move he has since regretted. His current portfolio, based on SEC filings, includes Coherent Corp. (COHR, Financial), Natera (NTRA, Financial), and Coupang (CPNG, Financial). nai/dyor etc |
Posted at 22/12/2024 17:02 by posh johno Has anyone seen what Saba Capital is doing to shrink the discounts to NAV at seven underperforming and/or small investment trusts where they have requisitioned general meetings to remove the boards and appoint new directors to consider options to reduce or eliminate the persistent discounts?As an investor in investment trusts, this feels like good news and a long overdue initiative - irrespective of the merits of the individuals behind Saba Capital. If it puts investment trusts in the news and starts to attract new retail investors it has to be positive for investors generally. Manchester & London is plainly showing stellar performance compared to benchmark indices and the Manager holds a reassuringly large personal stake, but still suffers from a persistent large discount to NAV. Anything that helps shift that discount across the sector has to be a welcome development for investors. hxxps://www.mindtheg |
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