© Stockopedia 21st October, 2017

Manchester & London Investment Trust

MNL 400.5p 11.5  3.0%
20/10/17 1.50k

Momentum
Relative Strength (%)
1m +0.2%
3m +5.5%
1yr +25.3%
Volume Change (%)
10d v 3m -18.6%
Price vs... (%)
52w High +0.2%
50d MA +5.81%
200d MA +14.2%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (ttm) 4.32
PEG Ratio (ttm) n/a
EPS Growth (ttm) 48.5 %
Dividend Yield (ttm) 0.89 %
Valuation (ttm)
Price to Book Value 0.94
Price to Tang. Book 0.94
Price to Free Cashflow 49.0
Price to Sales 4.20
EV to EBITDA 3.86
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 21.2 %
Return on Equity 23.6 %
Operating Margin 95.2 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 31st Jul 2012 2013 2014 2015 2016 2017 2018E 2019E CAGR / Avg
Revenue £m -18.9 3.58 -5.24 3.56 14.4 21.1
Operating Profit £m -19.9 2.52 -6.30 2.48 13.4 20.1
Net Profit £m -19.9 2.52 -6.30 2.48 13.4 20.1
EPS Reported p -88.8 11.2 -28.1 11.5 62.5 92.4
EPS Normalised p -88.8 11.2 -28.1 11.5 62.5 92.8
EPS Growth % +444.9 +48.5
PE Ratio x 4.32 n/a n/a
PEG x n/a n/a n/a
Profitability
Operating Margin % 105.7 70.5 120 69.8 93.1 95.2 +92.4%
ROA % 2.6 -7.4 3.8 18.9 23.0
ROCE % -26.4 3.4 -9.8 3.9 17.8 21.2 +1.7%
ROE % 3.4 -9.0 3.9 19.4 23.6 +8.2%
Cashflow
Op. Cashflow ps p 13.5 -3.41 -63.9 9.35 25.0 8.34 -9.2%
Capex ps p 0.000 0.000 0.000 0.000 0.000 0.000
Free Cashflow ps p 13.5 -3.41 -63.9 9.35 25.0 8.34 -9.2%
Last ex-div: 9th Nov, paid: 4th Dec more... Dividends
Dividend ps p 13.0 13.8 7.48 3.20 2.25 3.58 -22.7%
Dividend Growth % +4.00 +5.77 -45.6 -57.2 -29.7 +59.1
Dividend Yield % 0.89
Dividend Cover x -6.83 0.82 -3.75 3.58 27.8 25.8
Balance Sheet
Cash etc £m 11.4 21.8 19.6 34.2 35.3 11.2 -0.4%
Working Capital £m -4.45 -0.64 18.7 35.0 36.5 18.6
Net Fixed Assets £m 80.0 75.7 45.7 28.0 39.0 76.1 -1.0%
Net Debt £m -1.53 -10.8 -19.6 -34.2 -35.3 -11.2
Book Value £m 75.5 75.1 64.4 63.1 75.5 94.7 +4.6%
Average Shares m 22.5 22.5 22.4 21.6 21.5 21.7 -0.7%
Book Value ps p 336.3 334.2 293.2 293.4 350.8 429.1 +5.0%

FINANCIAL BRIEF: For the fiscal year ended 31 July 2017, Manchester & London Investment Trust plc revenues increased 46% to £21.1M. Net income increased 49% to £20.1M. Revenues reflect Gains on investments at fair increase of 73% to £18.5M, Dividend from listed investment increase of 19% to £996K. Dividend per share increased from £0.02 to £0.04. Basic Earnings per Share excluding Extraordinary Items increased from £0.63 to £0.92. more »

Health Trend
Bankruptcy Risk
N/A Earnings Manipulation Risk
Magic Formula Score
Other Ratios
Leverage (ttm) Total -Intang +Pension
Gross Gearing %
Net Gearing % -11.8 -11.8 -11.8
Cash / Assets % 11.6 11.6
Liquidity (ttm)
Curr. Ratio 9.04
Quick Ratio 9.04
Interest Cov. n/a
Efficiency (ttm)
Asset Turnover 0.24
Rec's Turnover n/a
Stock Turnover n/a
vs.
market
vs.
industry
Recent History
Latest interim period (ended 31st Jul '17) vs. prior year
Sales Growth 30.5 %
EPS Growth 29.3 %
3yr Compound Annual Growth Rate
Sales Growth n/a %
EPS Growth n/a %
DPS Growth -21.8 %
Graphical History Current Fiscal Year 2018

Broker Forecasts
31st Jul 2018
31st Jul 2019

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 & London Investment Trust
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts:

Named Brokers and Analysts
There are no named brokers.

Profile Summary

Manchester and 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 invest in companies whose shares are admitted to trading on a regulated market. The Company may invest in a small number of equities and fixed interest securities of companies whose capital is not admitted to trading on a regulated market. The Company may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards and options for the purposes of holding investments and hedging positions against movements in equity markets, currencies and interest rates. The Company's investment portfolio includes technology, consumer goods, healthcare and pharmaceuticals, alternative finance funds, and other sectors. M & L Capital Management Limited is the Company's investment manager.

No Management Information.

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


Last Annual July 31st, 2017
Last Interim July 31st, 2017
Incorporated April 29, 1971
Shares in Issue 22,162,788
Free Float 21.6m (96.9%)
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
400.5p
11.5  3.0%
Traded 3:08pm · Minimum 15 min delayed · NMS: 1.50k


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