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MNL Manchester & London Investment Trust Plc

704.00
10.00 (1.44%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  10.00 1.44% 704.00 45,435 16:35:26
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

Manchester & London Inve... (MNL) Latest News

Manchester & London Inve... (MNL) Discussions and Chat

Manchester & London Inve... Forums and Chat

Date Time Title Posts
26/7/202417:44Dull maybe - but you won't lose any sleep702

Add a New Thread

Manchester & London Inve... (MNL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:26704.00321.12UT
2024-07-26 15:22:28702.857004,919.97O
2024-07-26 15:11:49680.006804,624.00O
2024-07-26 14:49:11692.335,00034,616.44O
2024-07-26 14:44:58703.601,0007,036.00O

Manchester & London Inve... (MNL) Top Chat Posts

Top Posts
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
nvestorPlace
Jul. 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 “overweight221; rating on NVDA earlier Monday. In addition, the research arm’s experts lifted their price forecast to $140 from $120. Bullish expectations for the semiconductor giant’s July quarter and guidance for the October report inspired the upgrade.

nai/dyor etc
Posted at 22/7/2024 14:22 by takeiteasy
hxxps://markets.businessinsider.com/news/stocks/maintaining-buy-on-asml-holding-nv-amid-export-restrictions-scemama-s-optimistic-valuation-despite-risks-1033577293

Analyst 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/en-us/money/markets/cramer-s-mad-dash-nvidia/vi-AA1nVNb9

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.businessinsider.com/news/stocks/microsoft-stock-set-to-soar-900-price-target-by-2027-as-ai-gamble-pays-off-1033550013

hxxps://markets.businessinsider.com/news/stocks/nvidia-price-prediction-nvda-250-price-target-6-trillion-valuation-2024-6
hxxps://www.morningstar.co.uk/uk/news/246725/why-this-top-performing-fidelity-tech-fund-doesnt-own-nvidia-stock.aspx

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.com/news/stock-market-news/nvidia-stock-jumps-as-analyst-predicts-200-share-price-the-real-narrative-lies-in-the-software-3553705

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 SOLUTION


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 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.com/news/stock-market-news/exclusive-the-buy-everything-market-is-over-synopsysansys-merger-provides-fertile-ground-for-this-stock-picker-3303678

“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-growth (PEG) ratio of 0.92. The PEG ratio is calculated by dividing the forward price-to-earnings (P/E) ratio by the expected growth rate. A ratio under one suggests good value. But clearly, it’s not just me that recognises this. Nvidia has an average price target of $653.89, 35% above the current share price.


hxxps://www.wsj.com/livecoverage/stock-market-today-dow-jones-01-02-2024/card/will-2024-also-be-nvidia-s-year-here-s-what-wall-street-forecasts-for-big-tech-dL65Ea6aUEC5RjkNI7WQ (nice graphic!)

hxxps://www.msn.com/en-us/money/topstocks/3-stock-market-predictions-for-2024-the-s-p-500-gains-apple-falls-behind-microsoft-and-cybersecurity-and-artificial-intelligence-ai-stocks-soar/ar-AA1mGsKt (bullet point 3!)
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
Manchester & London Inve... share price data is direct from the London Stock Exchange