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MANCHESTER & LONDON INV TRUST PLC ORD GBP0.25

Symbol: MNL

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Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 15th Jun 2020 to 15th Jun 2021-4.36%
  • 15th Jun 2021 to 15th Jun 2022-36.47%
  • 15th Jun 2022 to 15th Jun 202342.57%
  • 15th Jun 2023 to 15th Jun 202459.57%
  • 15th Jun 2024 to 15th Jun 2025-0.65%
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Key Information

Benchmark MSCI United Kingdom IMI
Sector IT Global
Gearing 100%
Ex-Dividend Date 10 Apr 2025
Dividend Pay Date 8 May 2025
Total Dividends - Year to Date14
Dividend Yield (%)1.8667

Net Asset Value (Nav)

Latest actual NAV 883.30
Latest actual NAV date 10/06/2025
NAV frequency Weekly
Premium/Discount -17.36%

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. 		0.90%
Performance Fee 0.25%
AMC 0.62%
Our Platform Charge
We charge a platform fee of 0.30% per annum on the value of all stocks & shares held across all accounts, minimum £50 and maximum £600 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here . 		0.30%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here 		0.30%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available 		N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs 		0.90%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

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.

Financial Summary

BRIEF: For the six months ended 31 January 2025, Manchester & London Investment Trust plc revenues decreased 56% to £24.9M. Net income decreased 60% to £21.6M. Revenues reflect G/L on Trading Invest/Account Income decrease of 57% to £23.6M, Bank interest decrease of 5% to £624K. Net income also reflects Other operating expenses increase of 20% to £324K (expense). Dividend per share remained flat at £0.07.

Performance

  • Chart Options

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      6.41% 15.78% 2.31% -0.65% 126.01% 37.31%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      View Fund Allocation by:

      TOP 10 HOLDINGS TOP 10 ASSETS TOP 10 SECTORS TOP 10 GEOGRAPHIES

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      505,316 bytes PDF Document; last updated 30 Apr 2025
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      153,569 bytes PDF Document; last updated 29 Apr 2025
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      2,845,415 bytes PDF Document; last updated 31 Jul 2024
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      503,875 bytes PDF Document; last updated 31 Jan 2025
      GET ADOBE READER

      Management Team

      Mark Sheppard has managed this fund for 25 years and 5 months.

      Mark Sheppard Mark Sheppard qualified in 1996 as a chartered accountant with Deloitte & Touche in London where he gained experience in advising on a number of venture capital deals. He then moved to ABN Amro where he became a smaller companies analyst and was part of the Restaurant, Breweries and Pubs team, which was voted the second best in the 1998 Reuters UK Smaller Company Survey. The following year Mark moved to the UK Smaller and Mid Cap Institutional sales team that was voted the second best team in the 1999 survey. In 2001, Mark became Chief Executive of Midas Investment Management Limited. Mark has been involved in the management of a number of investment funds including the Manchester & London Investment Trust plc.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/07/2024

      31/07/2023

      31/07/2022

      31/07/2021

      31/07/2020

      31/07/2019

      Total Revenue 21.35 25.41 -27.49 26.19 27.73 18.53
      Gross profit 16.73 22.74 -30.12 22.87 24.55 16.28
      Operating Profit/Loss 16.30 22.33 -30.61 22.26 24.10 15.95
      Profit Before Tax 121.30 28.83 -61.12 22.26 24.10 15.95
      Profit After Tax 121.16 28.75 -61.16 22.22 24.04 15.90
      Equity Holders of Parent Company 121.16 28.75 -61.16 22.22 24.04 15.90
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/07/2024

      31/07/2023

      31/07/2022

      31/07/2021

      31/07/2020

      31/07/2019

      Total Non-Current Assets 309.00 188.26 128.11 156.92 137.33 132.06
      Total Current Assets 28.84 35.06 87.81 127.92 115.42 41.90
      Total Assets 337.85 223.33 215.92 284.83 252.76 173.96
      Total Liabilities 3.75 1.95 17.38 15.15 26.82 6.98
      Total Net Assets 334.10 221.38 198.55 269.69 225.93 166.98
      Shareholders Funds 334.10 221.38 198.55 269.69 225.93 166.98
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 334.10 221.38 198.55 269.69 225.93 166.98

      Investment involves risk. You may get back less than invested.