Manchester and London Investment Trust plc

LSE:MNL UK Asset Management
Market Cap
$3.61 Million
GBX29.66 Billion GBX
Market Cap Rank
#48237 Global
#1163 in UK
Share Price
GBX780.00
Change (1 day)
+1.56%
52-Week Range
GBX512.00 - GBX944.00
All Time High
GBX944.00
Categories
Companies in UK Asset Management Banking & Financial
About

Manchester & London Investment Trust plc is a close-ended fund launched and managed by M&L Capital Management Limited. The fund primarily invests in the public equity markets of the United Kingdom. It makes its investments across diversified sectors. The fund primarily invests in growth stocks of companies by employing a fundamental analysis. It benchmarks the performance of its portfolios agains… Read more

Manchester and London Investment Trust plc (MNL) - Net Assets

Latest net assets as of July 2025: GBX413.13 Million GBX

Based on the latest financial reports, Manchester and London Investment Trust plc (MNL) has net assets worth GBX413.13 Million GBX as of July 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX420.90 Million) and total liabilities (GBX7.77 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX413.13 Million
% of Total Assets 98.15%
Annual Growth Rate 11.38%
5-Year Change 53.19%
10-Year Change 446.86%
Growth Volatility 20.85

Manchester and London Investment Trust plc - Net Assets Trend (2000–2025)

This chart illustrates how Manchester and London Investment Trust plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Manchester and London Investment Trust plc (2000–2025)

The table below shows the annual net assets of Manchester and London Investment Trust plc from 2000 to 2025.

Year Net Assets Change
2025-07-31 GBX413.13 Million +23.65%
2024-07-31 GBX334.10 Million +50.92%
2023-07-31 GBX221.38 Million +11.50%
2022-07-31 GBX198.55 Million -26.38%
2021-07-31 GBX269.69 Million +19.37%
2020-07-31 GBX225.93 Million +30.06%
2019-07-31 GBX173.71 Million +33.23%
2018-07-31 GBX130.39 Million +37.74%
2017-07-31 GBX94.66 Million +25.30%
2016-07-31 GBX75.55 Million +19.77%
2015-07-31 GBX63.07 Million -2.00%
2014-07-31 GBX64.36 Million -14.24%
2013-07-31 GBX75.05 Million -0.62%
2012-07-31 GBX75.52 Million -23.15%
2011-07-31 GBX98.27 Million +15.33%
2010-07-31 GBX85.20 Million +48.19%
2009-07-31 GBX57.49 Million +20.61%
2008-07-31 GBX47.67 Million -9.30%
2007-07-31 GBX52.55 Million +42.83%
2006-07-31 GBX36.79 Million +9.47%
2005-07-31 GBX33.61 Million +15.30%
2004-07-31 GBX29.15 Million +17.31%
2003-07-31 GBX24.85 Million +7.21%
2002-07-31 GBX23.18 Million -3.87%
2001-07-31 GBX24.11 Million -13.64%
2000-07-31 GBX27.92 Million --

Equity Component Analysis

This analysis shows how different components contribute to Manchester and London Investment Trust plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 2860.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (July 2025)

Component Amount Percentage
Retained Earnings GBX63.53 Million 15.38%
Common Stock GBX10.13 Million 2.45%
Other Comprehensive Income GBX313.58 Million 75.90%
Other Components GBX25.89 Million 6.27%
Total Equity GBX413.13 Million 100.00%

Manchester and London Investment Trust plc Competitors by Market Cap

The table below lists competitors of Manchester and London Investment Trust plc ranked by their market capitalization.

Company Market Cap
Tien Thanh Service and Trading JSC
VN:TTH
 		$927.11
Narf Industries PLC
LSE:NARF
 		$929.35
Lankem Developments PLC
CM:LDEVN0000
 		$929.95
Century Paper & Board Mills Ltd
KAR:CEPB
 		$930.28
Core Nickel Corp.
V:CNCO
 		$926.22
National Drilling
EGX:NDRL
 		$925.85
Seylan Developments PLC
CM:CSDN0000
 		$922.40
PUMA ENERGY ZAMBIA PLC
LUSE:PUMA
 		$922.15

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Manchester and London Investment Trust plc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 334,099,000 to 413,128,000, a change of 79,029,000 (23.7%).
  • Net income of 101,359,000 contributed positively to equity growth.
  • Dividend payments of 8,292,000 reduced retained earnings.
  • Share repurchases of 12,192,000 reduced equity.
  • Other comprehensive income increased equity by 313,579,000.
  • Other factors decreased equity by 315,425,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX101.36 Million +24.53%
Dividends Paid GBX8.29 Million -2.01%
Share Repurchases GBX12.19 Million -2.95%
Other Comprehensive Income GBX313.58 Million +75.9%
Other Changes GBX-315.43 Million -76.35%
Total Change GBX- 23.65%

Book Value vs Market Value Analysis

This analysis compares Manchester and London Investment Trust plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 74.83x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 200.67x to 74.83x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-07-31 GBX3.89 GBX780.00 x
2005-07-31 GBX4.48 GBX780.00 x
2006-07-31 GBX4.91 GBX780.00 x
2007-07-31 GBX3.77 GBX780.00 x
2008-07-31 GBX3.42 GBX780.00 x
2009-07-31 GBX3.95 GBX780.00 x
2010-07-31 GBX4.65 GBX780.00 x
2011-07-31 GBX4.38 GBX780.00 x
2012-07-31 GBX3.36 GBX780.00 x
2013-07-31 GBX3.34 GBX780.00 x
2014-07-31 GBX2.87 GBX780.00 x
2015-07-31 GBX2.91 GBX780.00 x
2016-07-31 GBX3.52 GBX780.00 x
2017-07-31 GBX4.36 GBX780.00 x
2018-07-31 GBX5.61 GBX780.00 x
2019-07-31 GBX6.17 GBX780.00 x
2020-07-31 GBX7.03 GBX780.00 x
2021-07-31 GBX6.93 GBX780.00 x
2022-07-31 GBX4.92 GBX780.00 x
2023-07-31 GBX5.50 GBX780.00 x
2024-07-31 GBX8.31 GBX780.00 x
2025-07-31 GBX10.42 GBX780.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Manchester and London Investment Trust plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 24.53%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 94.15%
  • • Asset Turnover: 0.26x
  • • Equity Multiplier: 1.02x
  • Recent ROE (24.53%) is above the historical average (8.20%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 17.40% 93.48% 0.18x 1.02x GBX2.16 Million
2005 16.14% 91.24% 0.17x 1.02x GBX2.06 Million
2006 8.71% 85.33% 0.10x 1.00x GBX-473.40K
2007 11.03% 88.47% 0.12x 1.01x GBX543.60K
2008 -7.32% 0.00% -0.05x 1.00x GBX-8.26 Million
2009 1.12% 44.15% 0.02x 1.07x GBX-5.10 Million
2010 15.43% 97.54% 0.15x 1.07x GBX4.63 Million
2011 15.97% 96.00% 0.12x 1.34x GBX5.86 Million
2012 -26.41% 0.00% -0.13x 1.98x GBX-27.50 Million
2013 3.36% 89.02% 0.01x 2.70x GBX-4.98 Million
2014 -9.78% 0.00% -0.09x 1.02x GBX-12.73 Million
2015 3.94% 83.72% 0.05x 1.03x GBX-3.82 Million
2016 17.77% 96.78% 0.18x 1.03x GBX5.87 Million
2017 21.19% 97.56% 0.21x 1.02x GBX10.59 Million
2018 20.55% 98.19% 0.20x 1.03x GBX13.75 Million
2019 9.52% 97.22% 0.09x 1.04x GBX-798.10K
2020 10.64% 96.39% 0.10x 1.12x GBX1.44 Million
2021 8.24% 96.66% 0.08x 1.07x GBX-4.75 Million
2022 -30.80% 0.00% -0.28x 1.09x GBX-81.02 Million
2023 12.99% 98.04% 0.13x 1.01x GBX6.62 Million
2024 36.26% 95.89% 0.37x 1.01x GBX87.75 Million
2025 24.53% 94.15% 0.26x 1.02x GBX60.05 Million

Industry Comparison

This section compares Manchester and London Investment Trust plc's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $381,578,830
  • Average return on equity (ROE) among peers: 2.08%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Manchester and London Investment Trust plc (MNL) GBX413.13 Million 17.40% 0.02x $926.35
3I Infrastructure PLC (3IN) $1.25 Billion 6.43% 0.14x $396.99K
450 PLC (450) $5.16 Million -13.53% 0.02x $1.71K
abrdn Asian Income Fund Limited (AAIF) $398.87 Million 2.19% 0.09x $340.47
Abrdn Asia Focus PLC (AAS) $109.83 Million -14.86% 0.05x $438.52
Albion Technology & General VCT PLC (AATG) $72.65 Million 5.77% 0.01x $73.82
Aberdeen Diversified Income and Growth Trust PLC (ADIG) $343.29 Million -4.87% 0.24x $16.84
Aquila Energy Efficiency Trust PLC (AEET) $97.38 Million -0.64% 0.00x $2.38K
Aquila European Renewables Income PLC (AERI) $316.90 Million -0.37% 0.13x $2.47K
Artemis UK Future Leaders plc (AFL) $111.28 Million 27.82% 0.00x $409.33
AVI Global Trust PLC (AGT) $1.11 Billion 12.82% 0.15x $2.81 Million