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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. It seeks investment exposure to companies whose shares are listed, quoted or admitted to trading. It invests in various sectors, including information technology, communication services, consumer discretionary, fund, health care, financials, industrials and ETF. The Company's investment manager and alternative investment fund manager is M&L Capital Management Limited.
- Revenue in GBP (TTM)107.72m
- Net income in GBP104.00m
- Incorporated1971
- Employees0.00
- LocationManchester & London Investment Trust Plc12a Princes Gate MewsLONDON SW7 2PSUnited KingdomGBR
- Phone+44 20 3882 0749
- Websitehttps://www.mlcapman.com/manchester-london-investment-trust-plc/
Profile
| Management group(s) | M&L Capital Management |
|---|---|
| AIC sector | Global |
| ISIN | GB0002258472 |
| Launch date | 08 Dec 1997 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
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
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| CC Japan Income and Growth Trust PLC | 64.60m | 60.78m |
| Baillie Gifford UK Growth Trust PLC | 3.41m | 389.00k |
| Taylor Maritime Investments Ltd | -31.79m | -39.99m |
| International Biotechnology Trust Plc | 25.80m | 18.19m |
| JPMorgan US Smaller Co Inv Trust PLC | 16.87m | 12.27m |
| abrdn European Logistics Income PLC | 35.12m | -68.28m |
| Manchester & London Investment Trust plc | 107.72m | 104.00m |
| Intuitive Investments Group PLC | 824.00k | -865.00k |
| Tufton Oceanic Assets Ltd | 29.73m | 26.40m |
| Hansa Investment Company Ltd | 96.05m | 91.42m |
| BlackRock Frontiers Investment Trust PLC | 67.75m | 55.59m |
| Montanaro European Smllr Cmpns Trst PLC | 18.37m | 14.63m |
| Jpmorgan Asia Growth & Income PLC | -1.58m | -5.83m |
| Henderson High Income Trust plc | 26.02m | 21.42m |
| Real Estate Credit Investments Ltd | 31.36m | 21.86m |
| Schroder Japan Trust PLC | 50.89m | 46.93m |
