Manolete Partners Share Discussion Threads

[daz] 24/2/2021 18:19

I too was expecting nothing to happen for a few months but it seems that Mithaq have taken out all the weak holders, so any buying is pushing the price up.

Well done to all the recent buyers, who have got their timing spot on.

[krutt] 24/2/2021 17:14

I bought in here yesterday and am hoping my timing is spot on. Hopefully we will see this continue to rise. The fundamentals are excellent and more presentations to come shortly which will generate further interest.

[bogman1] 24/2/2021 15:29

She is off!

[djb3] 24/2/2021 15:19

Was expecting to wait a few months for this to happen - doesn't half move this when it wants to.

[djb3] 24/2/2021 15:19

Was expecting to wait a few months for this to happen - doesn't half move this when it wants to.

[nobbygnome] 24/2/2021 15:16

Someone desperate to get in. Paying well over the odds for only 2500.

[middlesboroughfc] 24/2/2021 08:47

Boom 💥🚀

[nobbygnome] 24/2/2021 08:43

A further encouraging move up this morning. It looks nailed on for a rise into the 280s in the short term.

All just IMHO of course....

[jimtech] 24/2/2021 00:08

They only buy cases where the directors have acted illegally.

[dennisbergkamp] 23/2/2021 23:48

Agree starP. My wife's is on the cusp and she's suffered horribly over the last 9 months, so I too feel massive conflicted in this and BEG

D

[starpukka] 23/2/2021 21:25

As a holder I feel conflicted because I don't want companies to go bankrupt-particularly if covid is the reason- but.....

[bogman1] 23/2/2021 16:32

Glad I took that opportunity to average down. What a great future at everyone's expense

[lazg] 23/2/2021 16:04

Quite nice today.

[jimtech] 23/2/2021 12:33

The real trigger will be the ending of restrictions to bring bankruptcy proceedings. Currently end of March but there is provision to extend it up to a year.

[nobbygnome] 23/2/2021 11:16

Good timing for my buys yesterday although I was helped by the TA. I guess any sign that furlough is finishing may be the instigation for a real take off as sadly it will lead to more bankruptcies. Anyway it all looks very positive to me.

[dennisbergkamp] 20/2/2021 17:13

This doesn't seem to make much sense... this market will, unfortunately, be mega busy from April.

D

[nobbygnome] 20/2/2021 15:50

I have seen Manolete present a couple of times including recently and was impressed so look in here every so often. I can't believe how far it's gone down but the chart looks very promising with an inverse head and shoulders forming nicely. I may well make a small purchase.....

[hilarye] 20/2/2021 15:27

There is no accounting irregularity. IFRS9 requires investment in cases to be reported this way. The company has no choice. All of this is explained in this excellent analysis:

Also, there was no dumping of shares. The fact is that Mithraq Capital wanted to invest but wanted a minimum stake in the company. The CEO allowed this to happen by selling some of his own shares. Now, within 1 month, Mithraq Capital has bought 17% of the company. A full takeover is not beyond the realms of possibility because the shares are now way too cheap.

[tradertrev] 20/2/2021 14:55

Not bothered to read that article as the "inexplicably 63% off its peak price" tells you all you need to know. The widespread debate about its accounting practices and the dumping of 1 million shares at 180p seem like pretty reasonable explanations to me.

[jimtech] 20/2/2021 13:35

An excellent article from James Emanuel here:

"Manolete Partners is, inexplicably 63% off its peak price achieved in May 2020 as the chart below demonstrates, despite the strongest set of financials yet being published by the company in September 2020. This, in my humble opinion, is an incredibly unjustified over-reaction by the market for a company with such a bright future...
One thing is for sure, the company is worth at least double where it trades today and if it maintains its dominant position in this niche market, the TAM suggests that it should be worth many multiples of where it trades today in the next few years."

[scubadiverr] 17/2/2021 21:46

Note to self: Read more of thread before commenting!

[scubadiverr] 17/2/2021 21:43

I'm out now as didn't like what I saw with the minute director buys followed by the CEOs large sell. So, I'm frustrated with his explanation now and with him lying blame on supposedly poor advice from Peel Hunt. That said he came across well, unfazed by any questions. The presentation was recorded and should be available on the ShareSoc site, if not now I'm sure it will be tomorrow

[thewheeliedealer] 17/2/2021 21:39

Hi everyone,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes MANO which neither of us hold, and we also cover several other Stocks of a similar nature.

As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management. We also start off with quite a bit about the overall Markets and where they are most likely heading.

Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 42) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !!

Cheers, WD
@wheeliedealer

[maddox] 17/2/2021 21:33

I couldn't make the presentation as I was elsewhere engaged. But if SC's share sale was critical to Mithaq taking out Soros and Canaccord's positions - he did us all a big favour by selling at such a depressed price. We'd have had a big overhang over a (lower share price) for a long-time.

[sirrux] 17/2/2021 21:03

Tactical, Farrugia. I'd say it was tactical.