Manolete Partners Share Discussion Threads

[bogman1] 07/10/2021 11:22

Great interview brummy, we already know jak, it was to allow mithaq capital to buy a chunk of shares. Only one way this share is heading!

[maddox] 07/10/2021 09:45

Apologies Paul - sorry not to credit you - my mistake I'll edit my post to correct it.

[brummy_git] 07/10/2021 08:47

Thanks Maddox

BTW, the Vox interviewer with Steven Cooklin was actually me (Paul Hill)

[maddox] 07/10/2021 08:24

Agreed Brummy, Vox Markets' Paul Hill's interview with MANO CEO Steve Cooklin provides great insight into the nature of the insolvency market, goes into great detail into how MANO operates, the cashflows and timing. Essential listening for anyone interested in investing in MANO.

Also, pleased that MANO is seeing those green shoots. Those postponed liquidations will not have disappeared - the referrals may come in a flood. I hope that MANO have the resource capacity to meet the demand when it arrives.

The increased bank debt available will be there to fund the increase in working capital required.

Yesterday, wasn't a great day for the update RNS to come out. Nevertheless, with MANO being negatively correlated with the general economy - it provides a natural hedge against Mr Market's fears.

Regards Maddox

[sallad3] 06/10/2021 10:35

Interesting to note the increase in loan from HSBC from <£8m at 31 March
to £11m at 30 Sep.

The restrictive Bank Covenants are at para 28 of the accounts.

[brummy_git] 06/10/2021 07:14

Find out in this fabulous interview with CEO Steven Cooklin, how MANO has traded in H1'21 & what's in store going forward from any future wave of corporate bankruptcies.

www.voxmarkets.co.uk/articles/manolete-interims-and-future-expectations-for-the-business-3a6e3e8

[brummy_git] 06/10/2021 06:06

‘Green shoots’ are already coming through at Manolete, UK's largest 3rd party 'Insolvency Litigation Funder'.

Find out here, why I also think there's a lot more 'blossoming' to come after today's positive H1'22 trading update.

www.linkedin.com/posts/paul-hill-a5994116_mano-activity-6851396553186299904-wtN7

[davidosh] 27/9/2021 16:06

MANO will feature on the Mello BASH this evening

Tonights show use code MelloGuest0706 for a complimentary ticket

[bigbaggy] 22/9/2021 11:00

Completely agree Maddox. The first half trading period ending 30 Sept 2021 would have been the darkest hour before the dawn for MANO. With the law reverting back to normal from 1 October things should get back to their previous strong growth story and then I am hoping even better than that (as the huge backlog of insolvencies works through the system). But you are absolutely right, there will be a time lag exactly as you describe in your most recent post. Should be interesting to see how this develops over the next 1,2 and 3 years.

I also agree - Paul Hill/Vox Markets (and his excellent Fund Manager guests) seem to be particularly high quality analysts on a wide range of small-mid companies.

[brummy_git] 21/9/2021 15:56

Agreed Maddox - Manolete is a long term growth story.

[maddox] 21/9/2021 10:34

I have huge respect for Paul Hill so great to have him promoting the MANO investment proposition. However, I'm concerned that expectations don't get set too high, too early. We're just coming up to the end of 1H on 30 Sept - so business volumes from the uptick in insolvencies are unlikely to have had any impact, and that might be the same for 2H. So, whilst it's positive that MANO are reporting trading in-line with management expectations they're probably not going to look terrific on a comparative basis.

The medium/long-term prospects for MANO are looking stronger every month but there is a need to factor-in the timeframe for liquidations to become leads, leads to become cases, cases to be settled, and settled cases to become cash.

We don't want impatient disappointed bulls whinging-on as they invariably do.

Regards Maddox

[brummy_git] 21/9/2021 07:05

Very encouraging trading update today from the UK's #1 'Insolvency Litigation Funder',
Manolete


Find out here my latest views & commentary

www.linkedin.com/posts/paul-hill-a5994116_mano-activity-6845973063700402176-e9z8

[gaiusgracchus] 20/9/2021 07:45

https://www.investorschronicle.co.uk/news/2021/09/16/entrepreneurial-law-firms-diving-into-litigation-funding/Another IC article on the sector without mentioning Manolete.

[brummy_git] 18/9/2021 09:40

More expert commentary here wrt Manolete too (starts 20:40).

[brummy_git] 17/9/2021 14:48

Great investor interviews here on Manolete (starts 22:10)

Hit the bottom of the 2 'red play' buttons
www.voxmarkets.co.uk/articles/stocks-to-follow-with-justin-waite-and-paul-hill-7c37ed7

and

www.youtube.com/watch?v=jA4Zdcrm18M&t=1s

[maddox] 17/9/2021 08:47

The Insolvency Stats are out:

'In August 2021 there were 1,256 Creditors’ Voluntary Liquidations (CVLs), which is the highest level seen in the series since January 2019. The number of registered company insolvencies was similar to pre-pandemic levels, driven by a higher number of CVLs, although other types of company insolvencies, such as compulsory liquidations, remained lower.'

The Aug 2021 figures, typically a quieter month, are 30% higher than pre-Covid Aug 2019. So, we now have four months in a row signalling that the volume of insolvencies on which MANO sources its cases has returned to pre-Covid levels - and then some.

To reiterate my words of caution, it takes about six months for the liquidations to generate enquiries to MANO. This normal time-frame may have also been affected by Covid?

Regards Maddox

[rmjpb] 10/9/2021 15:07

Today is the 'record date', therefore yesterday was the ex-dividend date.

[jimtech] 10/9/2021 13:00

Not always. In the case of MANO the dividend has been reduced so there may not be much change. Also, with government business bankruptcy support now confirmed to be withdrawn, there could well be further upward movement.

[dagoberia] 10/9/2021 12:33

Is there normally not a share price drop on the ex dividend day? As in people selling as they are on the div record

[rmjpb] 10/9/2021 11:31

Today this goes xd. Let’s hope it maintains this price next week.

[xpertgreeny] 09/9/2021 11:48

End of UK insolvency restrictions announced this morning.

[gaiusgracchus] 28/8/2021 07:38

Yeah I read that IC article yesterday as well. A nice tailwind seems to be building. Was surprised the article didn't mention MANO - maybe the CEO has fallen out with the IC writers haha

[xpertgreeny] 27/8/2021 13:43

The golden years of MANO are just about to begin.