Manchester & London Investment Trust (MNL)

Sector:

Investment Firms

Index:

FTSE Small Cap

 620.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 686.00
  • 52 Week Low: 373.00
  • Currency: UK Pounds
  • Shares Issued: 40.19m
  • Volume: 9,028
  • Market Cap: £249.20m
  • RiskGrade: 146

Avocet Mining Chairman tops up stake after disappointing update

Date: Tuesday 06 Nov 2012

LONDON (ShareCast) - Russell Edey, the Chairman of Avocet Mining since 2010, has boosted his stake by 100,000 shares, less than a week after the company saw its shares fall following a mixed third-quarter update.

Edey purchased the shares at 63.75p a time for a total of £63,750.

In an update last Thursday, the company said that an anticipated reduction in the Inata Mineral Reserves at its Inata mine now makes expansion unlikely in the short term.

Gold production was 33,067oz (Q2 2012: 32,917 oz) with cash costs of $937 per ounce in the quarter (Q2 2012: $1,006 per oz). Whilst cost savings were achieved on reagent consumption and operating efficiency improvements, overall cash costs reduced as a result of lower maintenance activity and less grade control drilling, both of which are expected to reverse in the fourth quarter of 2012.

Full-year production guidance is maintained at 135,000 to 140,000 ounces at a cash cost of $1,000 to $1,050 per ounce.


Top Director Buys

St Ives (SIV)
Director name: Mr Patrick Martell
Amount purchased: 123,584 @ 101.44p
Value: £125,376

CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 15,000 @ 697.50p
Value: £104,625

St Ives (SIV)
Director name: Mr Matthew Armitage
Amount purchased: 80,270 @ 101.44p
Value: £81,434

Avocet Mining (AVM)
Director name: Mr Russell Edey
Amount purchased: 100,000 @ 63.75p
Value: £63,750

St Ives (SIV)
Director name: Mr Lloyd Wigglesworth
Amount purchased: 58,378 @ 101.44p
Value: £59,224

Telecity Group (TCY)
Director name: Mr Michael Tobin
Amount purchased: 2,000 @ 843.60p
Value: £16,872

Manchester & London Inv Trust (MNL)
Director name: Mr P H A Stanley
Amount purchased: 5,000 @ 305.00p
Value: £15,250

Alkane Energy (ALK)
Director name: Mr Roger McDowell
Amount purchased: 50,000 @ 24.50p
Value: £12,250

Top Director Sells

Virgin Media Inc. (VMED)
Director name: Mr Eamonn O'Hare
Amount sold: 37,596 @ 2,036.75p
Value: £765,737

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MNL Market Data

Currency UK Pounds
Share Price 620.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 686.00
52 Week Low 373.00
Volume 9,028
Shares Issued 40.19m
Market Cap £249.20m
RiskGrade 146

MNL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.85% below the market average39.85% below the market average39.85% below the market average39.85% below the market average39.85% below the market average
81.88% below the sector average81.88% below the sector average81.88% below the sector average81.88% below the sector average81.88% below the sector average
Price Trend
95.19% above the market average95.19% above the market average95.19% above the market average95.19% above the market average95.19% above the market average
99.40% above the sector average99.40% above the sector average99.40% above the sector average99.40% above the sector average99.40% above the sector average
Income
75.66% below the market average75.66% below the market average75.66% below the market average75.66% below the market average75.66% below the market average
87.67% below the sector average87.67% below the sector average87.67% below the sector average87.67% below the sector average87.67% below the sector average
Growth
64.23% above the market average64.23% above the market average64.23% above the market average64.23% above the market average64.23% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average

MNL Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Apr-24 05-Oct-23
Paid 07-May-24 08-Nov-23
Amount 7.00p 7.00p

Trades for 17-Apr-2024

Time Volume / Share Price
16:35 7 @ 620.00p
16:35 7 @ 620.00p
15:56 117 @ 622.10p
15:52 500 @ 622.00p
15:42 463 @ 623.00p

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