Manolete Partners Share Discussion Threads

[jonwig] 12/2/2019 19:33

Commentary -

[bigbadaussiebear] 12/2/2019 13:10

sector looking very strong.

I hold LIT BUR MANO (UK listed) and also hold IMF (ASX)

[jonwig] 05/2/2019 19:35

Got it, thanks!

[srichardson8] 05/2/2019 19:23

The presentations ( not research note from Peel Hunt) that Manolete and others made at the Jan 29th Shares/Cenkos conference are now available on the Shares website. I don't think you need to be a subscriber to access.

[jonwig] 30/1/2019 14:41

Others seem to have been impressed!

[jonwig] 30/1/2019 10:01

By Peel Hunt? Sorry, only a poor private investor! Nothing on Manolete's website - yet, anyway.

[srichardson8] 30/1/2019 09:59

were you at the presentation yesterday. i was impressed.

[jonwig] 30/1/2019 09:43

@ srichardson - that would fit evidence I've seen from other companies - thanks!

[srichardson8] 30/1/2019 09:40

I think there is always a 1 month ban on research notes on newly listed companies

[jonwig] 22/1/2019 12:12

"Peel Hunt assumed coverage on shares of Manolete Partners (LON:MANO) in a research note released on Monday. The brokerage issued a buy rating and a GBX 235 price target on the stock."

[They are the NOMAD, of course. I'd have thought they'd have covered it by now.]

[jonwig] 19/12/2018 09:59

More detailed calculation ...

2019 H1 PAT increased by 46% from 2018. Applying that to FY gives £4.75m so a FY PER of 13.3x, ex-cash. (16.6x cum-cash.)

Press -

[jonwig] 19/12/2018 07:34

H1 results. Positive trends continue:



Taking the 5.6p eps (pro forma) suggests FY of maybe 14p and forward PER of maybe 15x. Maybe a buy at 200p.

[jonwig] 18/12/2018 18:36

Possible red flags on a first look:

• related party transactions seem in order (eg. loans from SFM, now cleared);

• three years historical accounts, normal is five and would be available;

• audit by an obscure firm. Probably doesn't matter given biggest ones are under a cloud;

• Accruables seem correctly described. "Historically, the requirement
for bad debt provisions has been minimal." Probably no over-reporting;

I don't as yet see anything to raise eyebrows.

[1tcm1] 17/12/2018 09:54

This is another of his sly tricks. He pretends to filter other posters who disagree with him so that he doesn't have to answer them when they take him to task and point out how shifty he is.

Perspicacious posters will note that he does not deny that he crookedly changes his own previous posts in order to manipulate the thread. He can't, because everybody who is familiar with his M.O. knows that he does it!

Just beware, that's all.

Pump and dump always comes to mind.

[jonwig] 17/12/2018 09:48

mctmct - thanks. Filter, ignore. It's "his", by the way!

As for MANO, its record is a bit short, but very promising. HY figures to 30/09 are due and ought to be good ones. Trouble is, buyers are already paying a high price.

[1tcm1] 17/12/2018 09:45

I can vouch for that. I'm a regular poster on WPCT and jonwig's manipulation and dishonestly changing the content of previous posts is a noteworthy scandal.

[jonwig] 16/12/2018 11:48

Interview with Steven Cooklin (14 Dec):

[jonwig] 14/12/2018 11:27

On issue price (175p), PER ex-cash ~18.2x (on 2018 PAT) or ~12.2x (on assumed 48% pa growth rate, last three years).

At current 200p, PERs are ~21.6x and ~14.5x.
Dividends would be 1.5p or 2.2p resp.

Flat profits in 2017 due to doubling of admin. exps.

[solonic] 14/12/2018 09:49

Another one of your brilliant never-to-be-fulfilled predictions is it, "jonwig"?

This poster has a very dodgy record, fellow -posters. He has caused havoc on the WPCT thread which he founded for his own purposes but crookedly and comprehensively changed the terms of reference 3 years or so into its existence. Needless to say he did not flag the radical change, which any honest poster would have done.........

Beware!

[jonwig] 14/12/2018 08:42

"Firm" holders (above) make up 92% of the register, so this morning's buying has been disproportionately effective. The share price could be very vulnerable to a self-fulfilling setback. Not to be chased up.

[jonwig] 14/12/2018 07:10

________________________

Shareholders (total 43,571,425):
Steven Cooklin ........... 8,407,391 19.30%
Mithaq Capital ........... 7,000,000 16.10%
Michael Faulkner ......... 5,593,150 12.84%
Premier Miton As Mgt ..... 2,178,246. 4.99%
Moulton Goodies Ltd ...... 4,099,328. 9.40%
Hargreave Hale Ltd ....... 4,003,840. 9.19%
Amati Global Invs Ltd .... 1,523,200. 3.50%

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Significan case result dated 26 June 2020:


In general: