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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 |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
---|---|---|---|---|---|
696.00 | 708.00 | 700.00 | 696.00 | 696.00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 31.91M | 28.75M | 0.7154 | 9.78 | 278.94M |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
---|---|---|---|---|
16:35:26 | UT | 3 | 704.00 | GBX |
Date | Time | Source | Headline |
---|---|---|---|
25/7/2024 | 16:46 | UKREG | Manchester & London Investment Trust Plc - Director/PDMR Shareholding |
25/7/2024 | 13:25 | UKREG | Manchester & London Investment Trust Plc - Director/PDMR Shareholding |
25/7/2024 | 11:35 | UKREG | Manchester & London Investment Trust Plc - Director/PDMR Shareholding |
24/7/2024 | 16:04 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
17/7/2024 | 15:15 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
12/7/2024 | 13:02 | UKREG | Manchester & London Investment Trust Plc - Director Declaration |
10/7/2024 | 14:25 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
03/7/2024 | 14:50 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
26/6/2024 | 14:30 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
25/6/2024 | 12:56 | ALNC | ![]() |
Manchester & London Inve... (MNL) Share Charts1 Year Manchester & London Inve... Chart |
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1 Month Manchester & London Inve... Chart |
Intraday Manchester & London Inve... Chart |
Date | Time | Title | Posts |
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26/7/2024 | 17:44 | Dull maybe - but you won't lose any sleep | 702 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
---|---|---|---|---|
2024-07-26 15:35:26 | 704.00 | 3 | 21.12 | UT |
2024-07-26 15:22:28 | 702.85 | 700 | 4,919.97 | O |
2024-07-26 15:11:49 | 680.00 | 680 | 4,624.00 | O |
2024-07-26 14:49:11 | 692.33 | 5,000 | 34,616.44 | O |
2024-07-26 14:44:58 | 703.60 | 1,000 | 7,036.00 | O |
Top Posts |
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Posted at 26/7/2024 09:20 by Manchester & London Inve... Daily Update Manchester & London Investment Trust Plc is listed in the Finance Services sector of the London Stock Exchange with ticker MNL. The last closing price for Manchester & London Inve... was 694p.Manchester & London Inve... currently has 40,193,018 shares in issue. The market capitalisation of Manchester & London Inve... is £281,351,126. Manchester & London Inve... has a price to earnings ratio (PE ratio) of 9.78. This morning MNL shares opened at 696p |
Posted at 23/7/2024 06:45 by takeiteasy nvestorPlaceJul. 22, 2024, 01:58 PM InvestorPlace - Stock Market News, Stock Advice & Trading Tips Following a rough outing last week, Nvidia (NASDAQ:NVDA) got the new week off to a bright start with a significant jump higher. Bolstering sentiment was a pair of analyst price target upgrades, reflecting confidence in the underlying technology powerhouse. Specifically, the upcoming launch of the Blackwell graphics processing unit should serve as a major growth catalyst for Nvidia stock. According to a report by StreetInsider, Loop Capital raised its price target on NVDA to $175. Previously, the price-per-share forecast sat at $120. Here, experts cited artificial intelligence (AI) as a catalyst to spark material upside relative to consensus expectations for sales and earnings. Adding to the optimism for Nvidia stock, Piper Sandler reaffirmed its “overweight nai/dyor etc |
Posted at 22/7/2024 14:22 by takeiteasy hxxps://markets.busiAnalyst Didier Scemama from Bank of America Securities maintained a Buy rating on ASML Holding NV (0QB8 – Research Report) and keeping the price target at €1,302.00. Didier Scemama has given his Buy rating due to a combination of factors including the potential financial impact of export restrictions to China and the current valuation of ASML Holding NV. Scemama’s analysis acknowledges the risk of U.S. restrictions on ASML’s China operations, which could reduce the company’s EBIT by 3% to 30%. He suggests that the market has already factored in a significant likelihood of a complete DUV ban, which he considers to be an overly pessimistic scenario. Despite these concerns, Scemama maintains a Buy rating, viewing the current share price as an attractive entry point for investors ahead of the company’s Capital Markets Day in November. hxxps://www.msn.com/ nai/dyor etc |
Posted at 12/7/2024 18:45 by takeiteasy Three different perspectives - a world apart, you pay your money and take your pick :)"Fidelity Global Technology Doesn’t Own Nvidia ....the company itself is in the technology infrastructure and can be erratic and cyclical - which I think the market underestimates" "Nvidia stock is still cheap based on a forward price-to-earnings multiple, a hedge-fund manager says. Eric Jackson expects Nvidia stock to hit $250 a share by year-end, doubling from current levels". "Sell-side forecasts currently call for MSFT’s earnings to hit $18.64 per share by FY2027. Beating these forecasts, by delivering earnings of $20 to $25 per share in FY2027, could justify a move to prices above $900 per share". hxxps://markets.busi hxxps://markets.busi hxxps://www.mornings nai/dyor etc |
Posted at 19/6/2024 06:00 by takeiteasy Our manager's c.$200 share price target for Nvidia has been way ahead of all the other Wall St analysts for a while now - except for an update yesterday.hxxps://uk.investing Well done to our manager (again)for keeping a fleet foot one step ahead of the Wall St boys :) nai/dyor etc |
Posted at 30/3/2024 12:11 by iminterested THere is a SOLUTIONManchester & London Investment Trust Plc is listed in the Finance Services sector of the London Stock Exchange with ticker MNL. The last closing price for Manchester & London Inve... was 660p. Over the last year, Manchester & London Inve... shares have traded in a share price range of 370.00p to 690.00p. Finance Services sector of the London Stock Exchange!!!! If MNL was instead Quoted as Technology INV TR, on the LSE, it might be not only viewable alongside comparables it would probably lead to a re-rating. |
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." |
Posted at 19/1/2024 05:09 by takeiteasy Our manager has bought some shares to help our cause (well done and thank you!) but we still have a discount of 20.63% according to HL website today even after the small share price rise yesterday.I suspect the lack of liquidity is hurting us and discouraging others from building a larger position - also there has not been that many shares about to buy at times too. If our manager reads this website can he take this as a polite request to record his thoughts on the reasons on twitter as I would be interested - thank you. On the recent merger of two of our holdings that when combined account for >10% of FUM so worthy of comment hxxps://uk.investing “It’s all about semiconductors, with AMD (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA) making new highs, and Synopsys has taken a lot of heat for its merger with Ansys (NASDA: ANSS). These are two great companies combining. Synopsys is well positioned to support the semiconductor market,” he said. The Synopsis share price, which started to decline after mid-December, has fallen further since it announced this week it was buying Ansys for $35 billion.“The debate about whether they’re paying too much for Ansys or not will dissipate over the next year. I think Synopsys is a steal down here,” he added. dyor etc |
Posted at 10/1/2024 15:54 by takeiteasy Within a literal nanosecond of Microsoft breaking out of the trading range at over 380 MNL share price starts to move again ...what a lols... |
Posted at 10/1/2024 07:04 by takeiteasy Another section of the fact sheet is the manager take on 2024.."As such, we do not see the rocket higher in Tech stocks continuing especially in H1 2024. Our best guess is that H1 2024 could be a period of stagnation for Markets with any positive grind higher earned by continuing optimistic results announcements. Nonetheless, as we look at 2024 as a whole, we remain very positive for the following reasons ...We leave all these questions to you, but the opportunities are huge if they develop as we hope" Lots of hope and lots of questions as they rightly point out - what they may like to add if they had space is the opportunity for some of the larger holdings that are still seen by the market as cheap - which is rather counter intuitive when the share price rise in 2023 has been so great ....dyor and no advice intended etc... In turn, this contributes to a forward price/earnings-to-gr hxxps://www.wsj.com/ hxxps://www.msn.com/ |
Posted at 21/11/2023 09:58 by tiltonboy takeiteasy,Indeed, the NAV is clear of 600p, but will probably need to go to 725p to see MNL share price up at 600p if the discount tracks where it has been for the last year or so |
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