Member Info for Da_Matser

@steve The consolidation wasn't meant to support the SP; it was to recalibrate it when it went ex-div and inevitably dropped 10%; i.e. to ensure it remained around £14.50 on the day before and on the ex-div date, which it succeed in doing.

We were always going to 'lose' 10% of our invested capital when it went ex-div - that's how dividends work - because the company is worth less when it has dished out 10% of it's MC.

The fact the SP has continued to fall may be because retail investors don't understand this basic concept or simply because it's less attractive without an impending dividend. It could also be that without the Russian facilities, the company and thus profits going forward will be smaller. One thing is for sure, it is nothing to do with them taking your money or your shares in some smoke & mirrors act.

I am with Allinadayswork and will continue to gently top up over the next couple of weeks. Many traders (of which I am not) will be trying to predict the bottom. Once it is clear we have found the bottom the SP will start to strengthen - especially as we head to the next ex-div date in March.

If you believe in the long term prospects of the company, then simply continue to invest at these reduced rates and stop stressing about your short term 'loss'.

Those 3 short positions have closed. Strong support showing at 1390p

Just topped up

They don't buy every day @tesa They sub the buying out (to Numis) and follow strict trading guidelines - as do all companies who implement buybacks. I agree though about the effects of the buyback, which should not be overlooked. 4 out of my 13 companies are currently carrying out buybacks, which are a strong signal - second only to director buys imo.

OMG. @FALCON What do you think will happen to the SP in March when it goes ex-div again?

You’ve contradicted yourself on what your ‘loss’/dividend is but my calculations you have between £40k and £60k invested in MNDI and you - nor anyone on here - do not understand why a company’s SP/MC and thus, your capital, goes down when it goes ex-dividend.

That March dividend won’t get paid till May btw.

How are they giving you £13.30ish? The share price is £14.50ish.

There are less shares outstanding, so with the market cap being constant, the share price increased to over £16 - yes £16+ - from the previous £14.50ish. The drop from £16 to £14.50 is the 10% we saw yesterday because it went ex-dividend.

Again, they wanted the SP to remain the same after the dividend, which they have achieved.

Go back and work out market cap. That is the only thing that matters. Noone has lost money. That money will be paid on the 13th Feb as a dividend.

They can’t just steal money from you!

The price on Friday was 1489p (see Friday’s post below). Trading 212 shows it as 1641.8 so they have updated the chart to reflect the consolidation.

The 10% drop today is because it went ex-dividend with 9-10% special dividend (I haven’t worked it exactly) but that is the main reason for the drop.

I guess it has all been a bit confusing but the aim was for the share price to stay roughly the same after the ex date, which it has. Nothing will happen tomorrow, you’ll see.

Something will happen on the 13/02 though. You’ll get a nice fat dividend.

It's a 10% special dividend. You can't have your cake and eat it!

Trading still suspended on ii and 212. Surely, the 'loss' is your special dividend? The SP is higher than it was last week, due to the reduction in shares outstanding.

Does anyone even know what he’s on about?

They’re not gonna mention dividends or debt in a TU.

Should clear £50m net.

It needs either a competent MD or a takeover.

@Starmog

1. So he is going to bite his nose off to spite his face? All because he’s butt-hurt.

2. Neither you, I, nor anyone on this board know the current state of this business. We can expect results anytime in December. As Lorenzo said, we simply do not know whether Bernard’s departure was a reflection on performance or a spontaneous event or simply relationships breaking down.

3. I appreciate your honesty and welcome a balanced view. No hard feelings.

Finally, regarding Pippa, I agree she’s probably a nightmare to work for, but she knows her onions and drives sales hard. As Deputy MD, she may well have had more than a hand in Bernard’s departure. As I’ve said to you before, I want to make a return on my capital, not work there, so see strong management as a positive.

As I’ve said, the results will speak for themselves. If they are good, then I’ll have some of Bernard’s shares.

@Starmog

1. Why would he want to offload his massive holding at 20p just because he got the sack? Please explain

2. Even if he does, how does it impact the company’s performance?

3. Why are you here? I can’t see any short positions? Just being a Good Samaritan I expect.

Meant to provide this link to tomorrow's presentation: https://presentations.investormeetcompany.com/investor-meet-company/MANOLETE-PARTNERS-PLC-Investor-Presentation?bmid=cbf352de78fd

Indeed Forensic. Mr Market has been in a europhic mood the past couple of days due to the unforecasted drop in inflation, but the UK economy is far from recovery. Analysts, including the BoE do not foresee a reduction in interest rates any time soon and they suggest we are just approaching the half-way point of this period of pain.

Alstom, imo, is just a taste of things to come...

https://www.bbc.co.uk/news/uk-england-derbyshire-67425330

Make sure all your other stocks have solid balance sheets and keep buying the dips.

Here here tommy. I also hold BUR and until now it seems their only limitation has been getting hold of capital to invest - I am also a bondbolder as well as a shareholder. That could all change if they manage to collect on the YPF case.

As you say, MANO are very much in their growth phase, have invested in personnel, with plenty of scope to gain market share and they are still recovering from the lockdowns and postponement of bankruptcies and have not insignificant borrowings. They are highly cash-generative and I too would like to see them allocate that cash more wisely than appeasing shareholders. Jam will come but I think we have a 1-2 year wait before we see any form of 'returns'.

Yeah and H2 FY23 was a £4.5m net loss

Moral is, don’t get too excited.

Not quite @UPshunt. At 12:38 there was a buy @143.40 You could have sold before close @160.00

The spread does account for a large part of today's rise though due to Last Traded Price (LTP). The market closed yesterday with a sell (the Bid price) and closed today with a buy (the Ask price). It gives the illusion of volatility, especially on AIM, and is designed to make retail investors freak out (and place more trades) with daily 'swings' of 10%.

Just to be transparent, I have now sold all my shares. I think it's best to take the 70% profit and reinvest it into my other instruments - many of which are beaten up. Rinse and repeat.

GLA

@FoMo Lol. No, I'm just a little outside my circle of competence on this one, so looking to better my understanding using this board, which is what I thought it was for? I just didn't see why it was important to look after the creditors (apart from the ESG arguement) as I am invested in MANO, not a syndicate of creditors. I do have a friend who is an IP though but only see him on occasion.

@Forensic Thanks for all your help today. I was thinking about increasing my weighting due to my initial valuation (based on an algorithm of price ratios, debt levels and long term growth), the SP recently falling off a cliff, the presentation this week and now a better understanding of MANO's premise. I have now averaged down today and with AIM having a better day, I am hoping we will soon turn the corner.