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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
  3.00 0.52% 579.00 576.00 582.00 576.00 570.00 570.00 32,327 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -1.7 -5.5 - 235

Manchester & London Inve... Share Discussion Threads

Showing 51 to 74 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
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
25/3/2021
17:38
Auffering - If pundits right that USA is flipping away from tech to Value possible will continue to fall and siscount widen - but what do I know!! However watching in case flipping pundits wrong.
pugugly
25/3/2021
17:22
The problem they explained was that they are selling the shares for call options for short term cash (use for dividend). Then getting them back , but possibly paying for the call option too.Essentially saying it is over complicating. Without it there would have been solid growth and with it, less.I think I will see how far this goes and how the board respond before buying more.
jfinvestments
25/3/2021
11:56
A lot of the criticism I've read elsewhere compares this trust to Scottish Mortgage. However the fact MNL avoids the Tesla and unlisted tech bubble is precisely why I prefer this. However I'll see how this plays out over the coming months but happy to add more on weakness.
thruxie
25/3/2021
11:50
Thanks, yes I make it about 12%. Which is historically an unusually wide discount.
digitaria
25/3/2021
11:27
Telegraph piece is here https://www.telegraph.co.uk/investing/funds/questor-time-bank-gains-manchester-london-falls-behind-rival worrying comments from Alan Brierley at Investec, suggesting that investors are not seeing the gains they should be. M&L issues NAV updates weekly on Wednesday, but the link on the LSE site for yesterday doesn't work. Does anyone have the NAV issued on Wed? The trust is probably on a sizeable discount at this point.
digitaria
25/3/2021
11:26
It'd certainly be an interesting read but behind a pay-wall. However looking at some of the big underlying holdings eg: Amazon, Microsoft, Baba and Alphabet. All forecasting double digit growth and available here for a discount. So I'd beg to disagree with Questor on this one :)
thruxie
25/3/2021
10:50
Thruxie, stock is also suffering from a Questor sell recommendation this am.
superadams
25/3/2021
10:18
Looks like a big seller triggering some stop losses. A nice discount to NAV opened up on quality holdings. I've bought more.
thruxie
25/3/2021
09:48
sp now down to early 2020 levels! The perils of over-concentration in their portfolio.
sf5
08/11/2020
10:56
Small feature in today’s Sunday Times business section highlighting the trust and its focus on big tech. Good publicity.
888icb
26/8/2020
16:22
Salesforce, which comprised 7% of Manchester & London last time they updated us, is up more than 25% today. Which ought to be positive for the MNL NAV.
digitaria
06/7/2020
19:53
Agree. I am late to the party but wanted some fang exposure. With Amazon up nearly 5 % today I'm already in profit.
superadams
06/7/2020
19:02
Far from dull imo. An excellent trust.
scottishfield
26/5/2020
12:09
Wow! He owns >50% of a fund? - that's very surprising, assume he must be making a lot of the decisions on investment too? I'll look again Thanks, D
dennisbergkamp
26/5/2020
11:44
FYI one manager owns 50+% of shares and he states in his blogs that he sells shares to help the markets maintain liquidity in the trust and that he buys more overall than he sells.
thruxie
21/5/2020
15:53
Darren, Not happy with those sells - was about to go in but thought I'd look in the BB first. Will wait to see what is happening here Thanks, D
dennisbergkamp
14/5/2020
00:53
Anyone know why there are sizeable director sales nearly every day?
darrenp746
27/4/2020
17:57
Absolutely it has performed remarkably well in the current market conditions, recovering very quickly from the large drop.
888icb
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