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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 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. The Company may invest up to 10% of gross assets (at the time of investment) in the equities and/or fixed interest securities of companies whose shares are not listed, quoted, or admitted to trading. The Company invests in various sectors, including information technology, communication services, consumer discretionary, fund, and health care. 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
A management fee is payable quarterly in arrears and is equal to 0.5% p.a. of the NAV of the Company. An uplift of 0.25% of the NAV applies to the fee if the performance of the Company above benchmark over the 36-month period to the Calculation Date, otherwise reduced to the lower adjusted amount of 0.25% of the NAV. Contract terminable on notice period of 3 months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| International Biotechnology Trust Plc | 12.06m | 6.81m |
| Aquila European Renewables PLC | 15.99m | 12.11m |
| Baillie Gifford UK Growth Trust PLC | 3.13m | 313.00k |
| British Smaller Companies VCT plc | 15.21m | 11.99m |
| Manchester & London Investment Trust plc | 107.72m | 104.00m |
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| JPMorgan US Smaller Co Inv Trust PLC | 16.46m | 11.79m |
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| Martin Currie Global Portfolio Trust PLC | 28.46m | 26.08m |
| Montanaro European Smllr Cmpns Trst PLC | 32.88m | 29.03m |
| Real Estate Credit Investments Ltd | 36.48m | 25.84m |
| Taylor Maritime Investments Ltd | -72.45m | -81.32m |
| Intuitive Investments Group PLC | -2.45m | -3.24m |
