Manchester And London Investment Trust Closed Fund

MNL 237.25p 0.0  0.0%
24/06/16 1.50k

Momentum
Relative Strength (%)
1m -1.1%
3m +2.3%
1yr +4.3%
Volume Change (%)
10d v 3m +16.6%
Price vs... (%)
52w High -5.1%
50d MA -1.62%
200d MA -0.81%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (ttm) 12.3
PEG Ratio (ttm) n/a
EPS Growth (ttm) 12,543 %
Dividend Yield (ttm) 1.60 %
Valuation (ttm)
Price to Book Value 0.79
Price to Tang. Book 0.79
Price to Free Cashflow 12.3
Price to Sales 9.80
EV to EBITDA 5.18
Margin of Safety (beta)
Screens Passed

MNL doesn't qualify for any screens.
Find out why:   View Checklists

vs.
market
vs.
industry
Quality
Return on Capital 6.41 %
Return on Equity 6.55 %
Operating Margin 79.8 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 31st Jul 2010 2011 2012 2013 2014 2015 TTM 2016E 2017E CAGR / Avg
Revenue £m 13.5 16.3 -18.9 3.58 -5.24 3.56 5.19 -23.4%
Operating Profit £m 13.2 15.7 -19.9 2.53 -6.25 2.48 4.14 -28.4%
Net Profit £m 13.2 15.7 -19.9 2.52 -6.30 2.48 4.14 -28.4%
EPS Reported p 71.8 69.9 -88.8 11.2 -28.1 11.5 19.3 -30.7%
EPS Normalised p 71.8 69.9 -88.8 11.2 -28.1 11.5 19.3 -30.7%
EPS Growth % +1,520 -2.6 +12,543
PE Ratio x 20.7 12.3 n/a n/a
PEG x n/a n/a n/a n/a
Profitability
Operating Margin % 97.7 96.1 105.7 70.6 119.2 69.8 79.8 +93.2%
ROA % 14.1 -17.7 2.6 -7.4 3.8 6.27
ROCE % 15.5 16.0 -26.4 3.4 -9.7 3.9 6.41 +0.5%
ROE % 17.1 -23.0 3.4 -9.0 3.9 6.55 -1.5%
Cashflow
Op. Cashflow ps p 3.52 3.02 13.5 -3.41 -63.9 9.35 19.0 +21.5%
Capex ps p 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Free Cashflow ps p 3.52 3.02 13.5 -3.41 -63.9 9.35 19.0 +21.5%
Last ex-div: 14th Apr, paid: 29th Apr more... Dividends
Dividend ps p 11.5 12.5 13.0 13.8 7.48 3.20 3.80 -22.6%
Dividend Growth % +9.52 +8.70 +4.00 +5.77 -45.6 -57.2 +9.20
Dividend Yield % 1.35 1.60
Dividend Cover x 6.24 5.59 -6.83 0.82 -3.75 3.58 5.09
Balance Sheet
Cash etc £m 2.03 7.69 11.4 21.8 19.6 34.2 29.4 +76.0%
Working Capital £m 0.86 -26.0 -4.45 -0.64 18.7 35.0 28.4 +109.9%
Net Fixed Assets £m 84.3 124.3 80.0 75.7 45.7 28.0 36.2 -19.8%
Net Debt £m 2.14 26.0 -1.53 -10.8 -19.6 -34.2 -29.4
Book Value £m 85.2 98.3 75.5 75.1 64.4 63.1 64.7 -5.8%
Average Shares m 18.3 22.5 22.5 22.5 22.4 21.6 21.7 +3.4%
Book Value ps p 379.4 437.6 336.3 334.2 293.2 293.4 301.5 -5.0%

FINANCIAL BRIEF: For the six months ended 31 January 2016, Manchester & London Investment Trust plc revenues increased from L1.1M to L2.7M. Net income increased from L483K to L2.1M. Revenues reflect Net Loss - Fin. Instruments Fair Value increase from L14K to L2M. Net income benefited from Transaction costs decrease of 20% to L143K (expense). Dividend per share remained flat at L0.02. more »

Health Trend
Bankruptcy Risk
N/A Earnings Manipulation Risk
Magic Formula Score
Other Ratios
Leverage (ttm) Total Ex Intang
Gross Gearing % 0.000 0.000
Net Gearing % -45.5 -45.5
Cash / Assets % 43.5
Liquidity (ttm)
Curr. Ratio 10.7
Quick Ratio 10.7
Interest Cov. n/a
Efficiency (ttm)
Asset Turnover 0.079
Rec's Turnover 142.3
Stock Turnover n/a
vs.
market
vs.
industry
Recent History
Latest interim period (ended 31st Jan '16) vs. prior year
Sales Growth 154.8 %
EPS Growth 353.2 %
3yr Compound Annual Growth Rate
Sales Growth n/a %
EPS Growth n/a %
DPS Growth -37.3 %
Graphical History Current Fiscal Year 2016

Broker Forecasts
31st Jul 2016
31st Jul 2017

Price Target: N/A
Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: n/a () (¢) (¢) () (¢) (¢)
Consensus Estimate - - - - - -
1m Change - - - - - -
3m Change - - - - - -
Broker Consensus Trend
Broker Recommendations for Manchester and London Investment Trust Closed Fund
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts:

Named Brokers and Analysts
There are no named brokers.

Profile Summary

Manchester and London Investment Trust plc (MLIT) is a United Kingdom-based investment trust. The Trust’s objective is to achieve capital appreciation together with a reasonable level of income, through investing in understandable, cash generative, liquid equity investments. The Trust’s seekd to achieve its investment objective through a policy of actively investing in a diversified portfolio, consisting the United Kingdom and overseas equities and fixed interest securities. The Trust’s principal portfolio includes PZ Cussons plc, AstraZeneca plc , Diageo plc , Jardine Matheson Holdings Ltd, Glencore plc, Afren plc, BG Group plc, Shire plc ,Unilever plc and bioMerieux SA. The Trust’s investment manager is Midas Investment Management Ltd.

Directors: Peter Thomas (SEC) , Peter Stanley (NEC) 79, Brett Miller (NED) 47, David Harris (NID) 64,

No. of Employees: 0 No. of Shareholders: n/a


Last Annual July 31st, 2015
Last Interim January 31st, 2016
Incorporated April 29, 1971
Shares in Issue 21,449,420
Free Float 20.8m (96.8%)
Sector Financials
Industry Collective Investments
Index FTSE Fledgling ,
Exchange London Stock Exchange (Full) (Dual Listing)
Eligible for an ISA? a SIPP?

MNL Share Price Performance MNLQuote
237.25p
0.0  0.0%
Traded 3:29pm · Minimum 15 min delayed · NMS: 1.50k

Latest MNL News Announcements (delayed)

Upcoming MNL Events

Recent ↓
Thursday 9th April, 2015
Dividend For MNL.L
Thursday 9th April, 2015
Dividend For MNL.L
Monday 24th November, 2014
Manchester And London Investment Trust PLC Annual Shareholders Meeting
Thursday 20th November, 2014
Dividend For MNL.L
Thursday 20th November, 2014
Dividend For MNL.L
Wednesday 6th August, 2014
Dividend For MNL.L


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