| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 384.77 | -50 |
| Intrinsic value (DCF) | 316.82 | -59 |
| Graham-Dodd Method | 20.07 | -97 |
| Graham Formula | n/a |
Manchester & London Investment Trust plc (MNL.L) is a UK-based close-ended investment trust managed by M&L Capital Management Limited. Established in 1972 and domiciled in Ireland, the trust primarily invests in UK public equities across diversified sectors, focusing on growth stocks selected through fundamental analysis. The fund benchmarks its performance against the FTSE Actuaries All-Share Index, offering investors exposure to a well-diversified portfolio of UK equities. With a market capitalization of approximately £270 million, Manchester & London Investment Trust provides a strategic investment vehicle for those seeking growth opportunities in the UK market. The trust’s disciplined investment approach and long-term track record make it a notable player in the asset management sector, appealing to investors looking for stable returns in the financial services industry.
Manchester & London Investment Trust plc presents a compelling investment opportunity for those seeking exposure to UK growth equities. The trust’s strong net income of £121.16 million and diluted EPS of 301p highlight its profitability, while a beta of 0.525 suggests lower volatility compared to the broader market. The trust’s dividend yield, supported by a dividend per share of 14p, adds to its attractiveness for income-focused investors. However, the lack of debt and minimal capital expenditures indicate a conservative financial strategy, which may limit aggressive growth opportunities. Investors should weigh the trust’s stable performance against potential sector-specific risks in the UK equity market.
Manchester & London Investment Trust plc competes in the crowded UK investment trust space, where its primary differentiator is its focus on UK growth equities and fundamental analysis. The trust’s benchmark, the FTSE Actuaries All-Share Index, positions it as a broad-market player rather than a niche fund. Its competitive advantage lies in its long-term track record and disciplined investment approach, which may appeal to conservative investors. However, the trust faces stiff competition from larger, more diversified investment trusts with global mandates and higher assets under management. Its relatively small size (£270 million market cap) could limit its ability to scale or compete with giants in the sector. The trust’s lack of leverage (zero debt) is a strength in volatile markets but may also constrain returns in bullish conditions compared to peers employing gearing strategies.