Momentum
Relative Strength (%)
1m +4.8%
3m +3.6%
1yr -13.7%
Volume Change (%)
10d v 3m
Price vs... (%)
52w High -24.0%
50d MA -5.29%
200d MA -10.4%
vs.
market
vs.
industry
Growth & Value
Trailing 12m
PE Ratio (ttm) 21.0
PEG Ratio (ttm) n/a
EPS Growth (ttm) n/a %
Dividend Yield (ttm) 5.82 %
Valuation (ttm)
Price to Book Value 0.69
Price to Tang. Book 0.69
Price to Free Cashflow n/a
Price to Sales 14.4
EV to EBITDA -5.94

Margin of Safety (beta)
Screens Passed

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

vs.
market
vs.
industry
Quality
Return on Capital 3.36 %
Return on Equity 3.35 %
Operating Margin 70.5 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 31st Jul 2008 2009 2010 2011 2012 2013 2014E 2015E CAGR / Avg
Revenue £m -2.59 1.46 13.5 16.3 -18.9 3.58
Operating Profit £m -3.37 0.67 13.2 15.7 -19.9 2.52
Net Profit £m -3.49 0.65 13.2 15.7 -19.9 2.52
EPS Reported p -25.0 4.43 71.8 69.9 -88.8 11.2
EPS Normalised p -25.0 4.43 71.8 69.9 -88.8 11.2
EPS Growth % +1,520 -2.6
PE Ratio x 21.0 n/a n/a
PEG x n/a n/a n/a
Profitability
Operating Margin % 130.4 45.2 97.5 96.0 105.7 70.5 +90.9%
ROA % 1.2 17.2 14.1 -14.2 1.4
ROCE % -7.1 1.1 15.4 16.0 -26.4 3.4 +0.5%
ROE % 1.2 18.4 17.1 -23.0 3.4 +3.4%
Cashflow
Op. Cashflow ps p -2.11 4.55 3.52 3.02 13.5 -3.41
Capex ps p 0.000 0.000 0.000 0.000 0.000 0.000
Free Cashflow ps p -2.11 4.55 3.52 3.02 13.5 -3.41
Last ex-div: 6th Aug, paid: 22nd Aug more... Dividends
Dividend ps p 10.00 10.5 11.5 12.5 13.0 13.8 +6.6%
Dividend Growth % +5.00 +9.52 +8.70 +4.00 +5.77
Dividend Yield % 5.82
Dividend Cover x -2.50 0.43 6.24 5.59 -6.83 0.82
Balance Sheet
Cash etc £m 15.8 0.000 0.000 7.69 46.1 77.5 +37.4%
Working Capital £m 16.4 5.57 0.86 -26.0 -27.9 -50.1
Net Fixed Assets £m 31.2 51.9 84.3 124.3 103.4 125.1 +32.0%
Net Debt £m -15.8 3.87 4.17 26.0 -36.2 -66.5
Book Value £m 47.7 57.5 85.2 98.3 75.5 75.1 +9.5%
Average Shares m 13.9 14.6 18.3 22.5 22.5 22.5 +10.0%
Book Value ps p 341.8 328.5 379.4 437.6 336.3 334.2 -0.5%

FINANCIAL BRIEF: For the fiscal year ended 31 July 2013, Manchester & London Investment Trust plc revenues increased from -L18.9M to L3.6M. Net income totaled L2.5M vs. loss of L19.9M. Revenues reflect Gain/Loss Investment increase of 99% to -L240K, Investment Income increase of 19% to L3.2M. Net Income reflects Directors fees decrease of 19% to L57K (expense), Other Expenses decrease of 4% to L134K (expense), Exchange rate variances decrease of 25% to L3K (expense). more »

Health Trend

Bankruptcy Risk

N/A Earnings Manipulation Risk

Magic Formula Score

Other Ratios
Leverage (ttm) Total Ex Intang
Gross Gearing % 14.6 14.6
Net Gearing % -88.6 -88.6
Cash / Assets % 38.2
Liquidity (ttm)
Curr. Ratio 0.61
Quick Ratio 0.61
Interest Cov. n/a
Efficiency (ttm)
Asset Turnover 0.019
Rec's Turnover n/a
Stock Turnover n/a

vs.
market
vs.
industry
Recent History
Latest interim period (ended 31st Jul '13) vs. prior year
Sales Growth n/a %
EPS Growth n/a %
3yr Compound Annual Growth Rate
Sales Growth -35.7 %
EPS Growth -46.1 %
DPS Growth 6.14 %
Graphical History Current Fiscal Year 2014

Broker Forecasts
31st Jul 2014
31st Jul 2015

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.

Manchester & London Investment Trust plc is a United Kingdom-based investment company. The investment objective of the Company is to achieve capital appreciation together with a reasonable level of income. The Company seeks to achieve its investment objective by investing in a diversified portfolio, comprising United Kingdom and overseas equities and fixed-interest securities. It seeks to invest in companies whose shares are admitted to trading on a regulated market. It invests in sectors, such as personal goods, mining, oil and gas producers, industrial engineering, general industrial, healthcare services, banking and beverages. As of July 31, 2012, some of the Company’s investments included PZ Cussons plc, Smith & Nephew plc, Weir Group plc, Xstrata plc, Standard Chartered plc, Diageo plc, BG Group plc, BP plc and Syngenta AG. Its subsidiaries include OSP Limited and Stakeholders’ Momentum Investment Limited. The Company’s investment manager is Midas Investment Management Limited.

Directors: Peter Thomas (SEC) , Peter Stanley (NEC) 79, Brett Miller (NED) 45, David Harris (NID) 63,

No. of Employees: 0 No. of Shareholders: 0


Last Annual July 31st, 2013
Last Interim July 31st, 2013
Shares in Issue 21,796,681
Free Float 21.1m (97.1%)
ISIN GB0002258472
Sector Financials
Industry Collective Investments
Index FTSE Fledgling ,
Exchange London Stock Exchange (Full) (Dual Listing)
Eligible for an ISA? a SIPP?

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