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Share Name Share Symbol Market Type Share ISIN Share Description
Manchester & London Investment Trust Plc LSE:MNL London Ordinary Share GB0002258472 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.35% 570.00 570.00 576.00 576.00 564.00 564.00 69,015 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -1.7 -5.5 - 231

Manchester & London Inve... Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
29/4/2021
15:44
Took advantage of the drop to double up here.
superadams
29/4/2021
15:32
Good results out this week for Microsoft Google and Facebook, I was expecting some upwards movement here today.
thruxie
13/4/2021
11:50
The discount has been increasing on this fund. Looks like a buy to me.
sidney newboy
13/4/2021
00:35
Alibaba up 9.27% on the day and it makes up 11.5% of the trust!
thruxie
12/4/2021
20:10
I'm not overly concerned about movement up or down in what is a very volatile market. It is to be expected with money transitioning into value and the gains last year. Look at how it did in the crash - fairly impressive.Monthly factsheet released today.
jfinvestments
12/4/2021
10:19
Given the price gyrations/decline since July, isn't it time someone renamed this board?!
sf5
09/4/2021
17:05
Back to 600p. Hopefully Telegraph panic didn't force too many to sell on here.
jfinvestments
29/3/2021
18:00
Twitter @MLCapMan
thruxie
29/3/2021
16:26
What is there @ on twitter?
jfinvestments
29/3/2021
11:51
@JF I agree. From reading through their past reports I'd surmise they are betting on a strengthening of the China/Yuan over time so yes. They are active on Twitter with a few posts about the recent drop and calls, worth following.
thruxie
28/3/2021
15:58
I still think this will be worth more money in ten years time. China's growth isn't stopping anytime soon so I presume he is backing their currency to strengthen? Seems a safe enough bet over the longer term?
jfinvestments
28/3/2021
14:34
Well, time will tell. Rising interest predictions and a general rotation into cheaper value. It's possibly going to be an interesting 12 months ahead.
thruxie
28/3/2021
12:50
I would not like to see the manager speculating on forex. It has already exposure to yuan with holdings in Tencent and Alibaba. So the risk is on the yuan depreciating not appreciating. Betting one way only is gambling. This is a high growth tech trust so the focus should be to select best companies in the tech sector.
riskvsreward
28/3/2021
12:43
The China cny bond etf has several products listed on different markets. The new one listed on LSE is indeed only less than a year old but others listed in AMS dates back many years. The new one is performing badly anyway down nearly 2% ytd. My concern is: why did the manager borrow 8.5%, possibly costing more then 3 to 5%, and invest in a product that loses money? Holdings 23/02/2021 % of Assets Alphabet Inc Class C 16.6 Amazon.com Inc 16.5 Microsoft Corp 16.3 Alibaba Group Holding Ltd Ordinary Shares 12.2 Tencent Holdings Ltd 11.5 CSOP Hang Seng TECH ETF 8.7 iShares China CNY Bond ETF USD Dis 8.5 Adobe Inc 8.4 Facebook Inc A 8.3 Salesforce.com Inc 6.9
riskvsreward
27/3/2021
06:51
Its Feb./21 portfolio shows about 3% from derivatives which I take to be covered call options sold. It has about 8.5% gearing. It is weird that the manager borrows 8.5% to have a 8.5% bond holdings of iShares China CNY Bond ETF in a growth focused technology investment portfolio. Looking at the ytd, 1yr and 5 yr performance of this bond etf, its return is negative or less than 10% over 5 years.
riskvsreward
26/3/2021
14:49
I think the manager takes a longer term bullish view but also a view of possible short term correction and volatility, as well as the differentiation from other tech trusts of it paying a dividend. Therefore it may under-perform a fast moving bull market of last year but it will outperform in the current tech. market of a correction.
riskvsreward
26/3/2021
11:45
Thanks all. I'll pop some cash in once I've got some free.
fez77
26/3/2021
10:56
@vacendak agreed! OK so I've been scouring the accounts and reading up to try and get my head around this negative press about calls. Questor touches on it but doesn't really explain. The way I understand it is that, they had a view say that the market was going to drop. They sold calls 20% higher than their then current positions. However the market continued to rise so they had to buy back at a higher rate and made a loss on that trade. Conversely if the market had fell they would have protected their previous gains and made a profit? So basically they hedged their portfolio and if right they'd be praised as geniuses ;) A little bit unusual as they're perhaps acting more like a hedge fund than a trust hence perhaps the volatility. But feel free to correct me if I'm wrong about this or you have other information.
thruxie
26/3/2021
09:19
Tech and China have been hammered lately, look at BGCG which is pure China for an example, so no real surprise that MNL's boat is being rocked a bit.
vacendak
25/3/2021
21:01
@Fez a lot of the time the director buys are because the fund is smallish so the manager buys (and sells) to increase liquidity. However not to say the manager hasn't got skin in the game - he owns about 51% of the trust. Some of the recent underperformance has been attributed by the manager to not holding Tesla and smaller tech stocks. Personally I hold for their high concentrated exposure to FAANG stocks plus Alibaba and Tencent. Highly recommend their website.
thruxie
25/3/2021
21:00
From what I can see it has out performed BUT on the 3 and 5 yr. 39.42% compared to 31.45 and 197% to 103%.I liked their top 10 and holdings in general. I still do. I liked they didn't have Tesla. Though that view hasn't quite helped me yet.
jfinvestments
25/3/2021
20:47
I took it for granted they were selling capital to pay the dividend as the underlying holdings are more growth orientated low dividend payers. I believe JP Morgan do similar in both their global and Asian income and growth trusts. However best to keep and eye on it. Looking at the markets today, it looks like everything was selling off!
thruxie
25/3/2021
20:45
New to here. Spark of interest from Director buys. Can anyone advise why they have made a loss over past 3 years? Also why would you buy them in preference to - BUT (Brunner Investment Trust) who have made a profit over past 3 years and actually trade at a larger discount to NAV?
fez77
25/3/2021
19:14
I think it is less of a worry if you think 5/10 years time. Those companies will continue to grow. The market is just in panic mode about most things. I'm holding for the time being, but if there's a full correction and the board are transparent about options trading then I will add to this. It'll be cheap and has good companies.
jfinvestments
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