Investment Trusts

Manchester & London Investment Trust Plc

MNL:LSE

Manchester & London Investment Trust Plc

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  • Price (GBX)786.00
  • Today's Change17.00 / 2.21%
  • Shares traded26.35k
  • 1 Year change+9.10%
  • Beta0.8306
Data delayed at least 20 minutes, as of Feb 17 2026 16:35 GMT.
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About the company

Manchester and London Investment Trust plc is a United Kingdom-based investment trust company. The investment objective of the Company is to achieve capital appreciation. The Company’s investment objective is sought to be achieved through a policy of actively investing in a diversified portfolio, comprising any global equities and/or fixed interest securities and/or derivatives. 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. The Company seeks investment exposure to companies whose shares are listed, quoted or admitted to trading. It invests in various sectors, including information technology, communication services, and healthcare. The Company's investment manager and alternative investment fund manager is M&L Capital Management Limited.

  • Revenue in GBP (TTM)107.65m
  • Net income in GBP101.36m
  • Incorporated1971
  • Employees0.00
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Profile

Management group(s)M&L Capital Management
AIC sectorTechnology & Technology Innovation
ISINGB0002258472
Launch date08 Dec 1997
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The investment objective of the Company is to achieve capital appreciation. The Company’s investment objective is sought to be achieved through a policy of actively investing in a diversified portfolio, comprising any of global equities and/or fixed interest securities and/or derivatives. The Company may invest in derivatives, money market instruments, currency instruments, contracts for differences (“CFDs”), futures, forwards and options for the purposes of (i) holding investments and (ii) hedging positions against movements in, for example, equity markets, currencies and interest rates.

Managed by

Mark Sheppard

Management & contract fees

Under the new agreement, the fee payable to the Manager is 0.7 percent per annum of the NAV up to £750 million, 0.5 percent per annum of the NAV between £750 million and £1.5 billion, and 0.3 percent per annum of the NAV above £1.5 billion. Contract terminable on notice period of 3 months.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
STS Global Income & Growth Trust PLC28.25m24.72m272.12m0.0011.750.9738--9.630.20080.20080.23222.420.0926--21.75--8.108.738.539.5292.5893.5387.4988.67----0.0529.72146.01--189.98----5.48
Gore Street Energy Storage Fund PLC-24.41m-32.06m273.76m0.00--0.6013-----0.0635-0.0635-0.04830.9014-0.0505-------6.636.33-6.666.36--81.25--77.91----0.00105.37489.3518.76209.295.25---10.59
British Smaller Companies VCT plc17.61m11.93m278.19m0.0020.480.9304--15.800.03640.03640.05310.80070.0663------4.499.654.499.6776.7385.1267.7381.53----0.0075.70-17.03---36.25----0.00
Real Estate Credit Investments Ltd31.13m19.12m280.44m0.0014.680.8931--9.010.08620.08620.14041.420.0738------4.536.165.607.5587.0987.7861.4273.05----0.2545101.959.05--4.40----0.00
International Biotechnology Trust Plc6.07m-1.17m282.02m0.00--1.20--46.48-0.0414-0.04140.17077.390.0205--34.58---0.39513.16-0.44013.50-2.8873.54-19.2865.01----0.1061115.79-86.38-36.12-103.01----5.05
VH Global Energy Infrastructure PLC-13.13m-19.35m284.19m0.00--0.7116-----0.0481-0.0481-0.03291.01-0.031-------4.56---4.57--------------0.00---150.51---168.28------
NextEnergy Solar Fund Ltd10.85m-5.60m291.05m0.00--0.5696--26.84-0.0098-0.00980.01880.88830.0146--1.31---0.75484.74-0.75664.81-28.7073.63-51.6370.05----0.2798114.86-32.51---29.89-----0.3753
Manchester & London Investment Trust plc107.65m101.36m292.41m0.002.990.7138--2.722.582.582.7210.770.2838--354.13--26.7215.1427.1315.8194.8472.1594.15311.75----0.000318.3943.6218.94-16.3433.35--14.87
Aurora UK Alpha PLC24.22m23.01m292.69m0.0015.940.9316--12.080.16680.16680.24542.860.0913--32.73--8.673.788.683.79100.0096.0695.0086.78----0.0034.40-117.33---120.07-----7.79
Octopus Renewables Infrastructr Trst PLC2.66m-4.00m292.81m0.00--0.558--110.24-0.0073-0.00730.00480.99460.0047--0.5215---0.7037---0.7061---99.21---150.64------0.00---6.12---7.25------
CVC Income & Growth Ltd27.07m7.16m296.28m0.0033.541.05--10.950.03460.03460.12351.110.1134------3.001.433.001.4398.7198.5226.4518.91----0.00391.97-15.8523.07-35.26----12.02
Invesco Global Equity Income Trust PLC24.86m22.73m299.06m0.0010.501.12--12.030.36110.36110.39693.370.1199--16.84--10.969.2511.099.8594.8894.2291.4690.05----0.012332.39-20.46---18.93----12.17
TwentyFour Select Monthly Income Fnd Ltd30.01m27.30m308.02m0.009.201.03--10.270.0960.0960.10630.86060.1183--5.61--10.768.4111.098.6493.4291.4390.9787.86----0.0099.75-28.4918.83-30.9020.59--3.53
Baillie Gifford European Growth Trst PLC19.94m16.43m311.02m0.0019.820.9496--15.600.05220.05220.05841.090.0482--8.18--3.97-2.033.99-2.0487.06--82.39------0.1287---60.12-30.93-64.65-33.34--15.52
Scottish Oriental Smaller Co's Trust PLC-4.35m-7.96m312.79m0.00--0.835-----0.0685-0.0685-0.03743.32-0.01-------1.849.28-1.869.37--91.68--78.79----0.072510.30-105.47---112.81----4.75
Castelnau Group Ltd16.28m6.57m319.33m5.0049.080.944148.6219.620.01950.01950.04991.010.0399--16.023,255,176.001.61--2.00--53.15--40.35------0.172--822.92--1,153.92------
Data as of Feb 17 2026. Currency figures normalised to Manchester & London Investment Trust Plc's reporting currency: UK Pound GBX

Institutional shareholders

5.06%Per cent of shares held by top holders
HolderShares% Held
Hargreaves Lansdown Fund Managers Ltd.as of 01 Oct 2025739.00k1.94%
LGT Wealth Management UK LLPas of 01 Oct 2025342.00k0.90%
Rathbones Investment Management Ltd.as of 01 Oct 2025147.00k0.39%
Credo Capital Ltd.as of 30 Jan 2026134.29k0.35%
1832 Asset Management LPas of 01 Oct 2025119.00k0.31%
Evelyn Partners Investment Management Services Ltd.as of 01 Oct 2025112.00k0.30%
Vanguard Asset Management Ltd.as of 30 Nov 202597.12k0.26%
J. M. Finn & Co. Ltd.as of 01 Oct 202584.00k0.22%
HSBC Global Asset Management (UK) Ltd.as of 01 Oct 202580.00k0.21%
Legal & General Investment Management Ltd.as of 01 Oct 202570.00k0.18%
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Data from 30 Sep 2025 - 11 Feb 2026Source: FactSet Research Systems Inc.
Data Provided by LSEG
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