Member Info for Forensic505

Yes indeed, Sir.

First, on 21 Nov he buys 65,000 shares at 71p per share (see Director Deals above).

Then, secondly, on the same day, he sells those 65,000 to his own ISA at 71p (reference today’s RNS and Director Deals).

As helpfully explained in the RNS this morning, rather than holding the purchased shares personally, presumably and quite naturally for tax efficiency, he has transferred them (at cost) to his own ISA.

Net effect: on 21 November 2025, Leigh purchased 65,000 shares in Manolete PLC. Those are now held in his Shares ISA.

End of.

If you need any more schooling FoMo, lemme know.

Dear, dear, dear.

Even my four year old can work it out. You really are very stupid FoMo.

Just click on the “Mano Directors Deals” above.

And stop embarrassing yourself in public.

No surprise FoMo.

You’re wrong !

Great to see that the Chairman stepped in on Friday 21 Nov and purchased 65,000 shares at 71p (then transferred to his ISA).

Rule number 1: Follow the insiders’ money.

Would be good to see other directors follow the Chairman’s outstanding leadership. Especially the new CEO and new CFO.

MNG seems to have a particularly large excess of capital above all of it solvency thresholds. I think that there is therefore quite a high possibility that the forthcoming year end dividend recommendation from the board will be a quite attractive increase on prior periods to maximise total shareholder returns.

Possible increase in dividend here given apparent excess capital ?

Thanks

Keeping my nerve here. I need to tuck these away and not look at them until 2028!

Good point, Rumbers.

If Brightlight then we should see a TR1 over the next couple of days.

If a new strategic investor (which it would have to be on that number of shares) then unlikely to see a TR1 as it wouldn’t take them above the 3% notifiable interest threshold.

Interesting. Thank you.

Or less conspiratorially:

He’s spent best part of the last 20 years building the company from scratch and he’s cashing a few chips in to pay for the pina colada bill.

Oh - great spot Rumbers ! I was just getting the weekend whiskey out of the cabinet :-)

Well done - mystery solved. We therefore seem to have an artificially low share price....yummy !

@Marcus: for me, most importantly the truck cartel claims look to have been an outstanding investment. If you refer back to their RNS on 21 July 2025 (I have just looked it up). They state that the cash return (£3.2m being their costs back and their retained cash profit on the case) on the first settlement was 560% on the £483k costs that they invested in that claim. So that got back in cash 6.6 times their costs. Tidy.

I know you said that you agreed with the cash points made below. Thank you. If and when they complete the other cartel claims at similar rates to that first settlement, that should pay off all MANO's debt and leave it cash positive and with a "clean" P&L 100% dedicated to their core insolvency business. Logically the other truck cartel settlements should be completed within the next 10 months. That is so the defendants' can avoid large and unnecessary trial costs - they cannot win these claims agains them, the trial is purely focussed on how much they all need to pay MANO.

The management repeated on the video presentation on Wednesday that these truck cartel claims are a complete, opportunistic, one off. So no one should extrapolate using the cartel returns. The key is the £2m EBIT in the first six months generated by the core insolvency business.

It’s a good point Marcus but the cartel claims are not core to the business. They relate to 20 cases out around 1,700. Those 20 cartel cases concern competition law claims and are externally valued. The core business is insolvency claims. That’s what the remaining 1,680 cases relate to. You are right it is a mistake but I don’t think it speaks to the large majority core insolvency litigation business.

Rumbers2:

I take my hat off to you. Tidy.

And, yes, I fully agree. In the light of yesterday’s very decent results, that AGM announcement was simply uncalled for. That set us back from a very nice ride (as you very rightly pointed to) from 80p to 120p.

We should not be back at 70p. Absent that AGM nonsense we should be at 140p.

Deep sigh of frustration….

But 72p therefore looks rather interesting.

I just pray they get their comms sorted !

There is a magnificent business here. A little more self belief might not go amiss….

Building up steadily now on a blue wave.

Good to see.

No matter what people say about the IMC presentation, I think the results were very decent. Strip out the exceptional item of £1.9m (a complete non-cash one off accounting post) and the core profit of £2m points to a very encouraging outlook.

I repeat my own personal forecast EBIT for this financial year is £6-8m which equates to a bargain basement price earnings valuation of just 5x.

But do your own research of course. Never rely on anyone else.

How secure is the dividend in this company please?

Very good nvidia results.

I particularly liked their CEO saying yesterday that given the colossal investment monies coming into the sector, AI is now in a virtual, self-propelling whirl-spin. Great analysis.

Just added £100k for the income. 9%.

700k shares buy order just cleared from Level 2. Don’t yet know if it was matched or withdrawn. Will be able to see later in completed trades. Sometimes the reporting gets delayed. No idea why that happens…