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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 734.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 734.00 | 748.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 127.61M | 121.16M | 3.0236 | 2.43 | 294.13M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 734.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 27/1/2025 | 17:36 | UKREG | Manchester & London Investment Trust Plc - Transaction in Own Shares |
| 23/1/2025 | 16:16 | UKREG | Manchester & London Investment Trust Plc - Director/PDMR Shareholding |
| 23/1/2025 | 15:31 | UKREG | Manchester & London Investment Trust Plc - Transaction in Own Shares |
| 22/1/2025 | 14:29 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
| 15/1/2025 | 15:18 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
| 08/1/2025 | 16:40 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
| 02/1/2025 | 16:20 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
| 02/1/2025 | 14:31 | UKREG | Manchester & London Investment Trust Plc - Total Voting Rights |
| 19/12/2024 | 17:06 | UKREG | Manchester & London Investment Trust Plc - Transaction in Own Shares |
| 18/12/2024 | 15:38 | UKREG | Manchester & London Investment Trust Plc - Net Asset Value(s) |
Manchester & London Inve... (MNL) Share Charts1 Year Manchester & London Inve... Chart |
|
1 Month Manchester & London Inve... Chart |
Intraday Manchester & London Inve... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 28/1/2025 | 06:44 | Dull maybe - but you won't lose any sleep | 1,086 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-01-27 17:27:15 | 739.78 | 5,003 | 37,011.27 | O |
| 2025-01-27 16:35:04 | 734.00 | 19 | 139.46 | UT |
| 2025-01-27 16:29:07 | 734.00 | 500 | 3,670.00 | AT |
| 2025-01-27 16:28:54 | 734.00 | 500 | 3,670.00 | AT |
| 2025-01-27 16:28:26 | 738.76 | 89 | 657.49 | O |
| Top Posts |
|---|
Posted at 27/1/2025 08:20 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 813p.Manchester & London Inve... currently has 40,072,018 shares in issue. The market capitalisation of Manchester & London Inve... is £294,128,612. Manchester & London Inve... has a price to earnings ratio (PE ratio) of 2.43. This morning MNL shares opened at 782p |
Posted at 18/1/2025 07:59 by takeiteasy Scores on the doors for the past year NAV not price (at 18/1/25) - per Morningstar.Bearing in mind we have been pretty near flat consolidation for many months now. MNL 47% PCT 42% ATT 42% BG USA 42% SMT 36% So we grabbed first place ...rivals nipping at our heels so let's hope for a fierce burst from NVDA this quarter to press back the advantage :) I have wondered for a while now that if we break 8 quid we may capture some momentum buyers who are technical traders? nai/dyor etc |
Posted at 03/1/2025 07:03 by takeiteasy Update from our fund manager yesterday:"We stand by our Long Term Price Target on NVDA of $185 and we think there is a good chance we see that price in H2 2025. We have sold some call options on the name at $240 and $250 and we were paid a good yield for both shapes (so we are not alone in our optimistic view)". MNL is now writing NVDA call options with a strike of 240-250...and the fund remains at close to its highest ever discount....interest nai/dyor |
Posted at 18/12/2024 06:20 by takeiteasy We have now had a decent double pull back both in MNL and NVDA our largest holding. On the positive side you can make a hypothetial case that our holding here in MNL is being valued at a 2025 NVDA FWD PE of 16-17 (104/6).Cramer in video sees NVDA earnings for 2025 at $6 and 20% discount based on MNL NAV discount NVDA $130 share price is $104. This is just an illustration of one possible scenario amongst many others and no advice intended of course and dyor etc Context - "The estimated P/E Ratio for United Kingdom Stock Market is 16.05, calculated on 17 December 2024" |
Posted at 12/12/2024 05:13 by takeiteasy Our manager very recently:" We see the AI revolution occurring in 4 stages. Stage 1 is the development of the hardware and infrastructure, Stage 2 is moving data to the cloud and organising it so that AI agents can operate on that data. ..We have always cautioned that stage 3, which is the monetisation of AI applications, may take longer"We need to be patient "stage 1" investors imvho - we know AMD's GPU chip is only recently being scaled up and NVDA's blackwell is rolling out globally from early 2025. MNL is following a strict process through to a conclusion over the years ahead. Our "stage 2" names include MSFT and Google. Google offering is in the early phase of roll out - video blog demo imvho is simply jaw dropping blog.google/technolo MSFT offering www.techradar.com/pr also hxxps://glassalmanac e.g. New AI Copilot Browser Agent video imvho is equally jaw dropping hxxps://www.geeky-ga MSFT is the main investor in OpenAI/chatGPT4 which is now embedded across their offerings - it is only hosted on MSFT servers so MSFT charge if any other cloud wants to access it for their clients. So I see there are two very exciting stage 2 alternatives we are investing in both having their unique moats - the results of these developments should show up in 2025 results. None of this is intended as advice, more to explain why we are where we are. I.e. as the penny drops the investors may return to MNL...just check the share price response to the google AI news this week. nai/dyor etc |
Posted at 26/11/2024 13:42 by takeiteasy Funny the way the traders price this stock i.e. NVDA goes down 3% yesterday and our share price follows down 3% as I assume they read across the 38% holding - when NVDA goes up they are sometimes slow to notice at all :) |
Posted at 05/11/2024 07:16 by bigwadds Manchester & London IT Plc ("MNL") won the Citywire Investment Trust Award 2024 in the Global Equities category.This was a no-brainer (IMO) as its performance speaks for itself - see the link from Citywire below. Congratulations and well done must go to our Fund Manager, Mark Sheppard and his Team. Keep up the great work and please get the share price to over 900p in 2025. For those not familiar with this stock, MNL's current share price is around 710p vs the latest published NAV price of 889.6p. No advice intended. |
Posted at 02/11/2024 08:53 by iminterested Great News re Nvidia winning a place in Dow 30, my AI said: To determine the number of shares that the SPDR Dow Jones Industrial Average ETF Trust (DIA) might buy to reflect Nvidia’s estimated 3.39% weighting in the DJIA, we can follow these steps:1. DIA’s Total Assets Under Management (AUM): Approximately $35.62 billion. 2. Target Allocation for Nvidia: If Nvidia represents around 3.39% of the DJIA, DIA would aim to allocate 3.39% of its AUM to Nvidia:  3. Nvidia’s Share Price: Approximately $135.40. 4. Number of Shares:  Thus, DIA would likely need to purchase around 8.91 million shares of Nvidia to achieve the estimated weighting of 3.39% in its portfolio. This figure may vary depending on the actual AUM of DIA and Nvidia’s stock price at the time of purchase. Do I trust this? Let’s hope so. So a buy of 9 million shares for the largest etf, but also consider shadow trackers and the positive press effect, as well. |
Posted at 11/9/2024 07:03 by takeiteasy Use cases building up all over the place - ROI on efficiency and cost savings...Hence the rush to roll out more and more AI infrastructure :) hxxps://www.construc Cloud computing giant Amazon Web Services has today confirmed it plans to invest £8bn to build the next-generation of hyperscale datacentres in the UK Over the next three years, Microsoft said it would spend £2.5bn on expanding its next-generation AI datacenter infrastructure, bringing more than 20,000 of the most advanced graphics processing units (GPUs) to the UK by 2026. Nice one for NVDA we suspect :) Let's see where MNL share price is in 3 to 5 years time... nai/dyor etc |
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 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... |
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