Member Info for Forensic505

Has anyone got more ink? The money printer needs a top up….

Add Add Add and Add some more.

The market is bad in these situations. Shooting fish ! :-)

Pass the popcorn

Patrick Maloney has clearly lost all credibility but (far more crucial to my assessment), I think the CFO is both honest and highly skilled. None of the disaster cases were signed since his appointment.

A key point: the only way the lender is going to get ANYTHING back is to support the business and work with the management. Otherwise the lender is by far the biggest loser.

I think this an interesting recovery play.

(Note to the “Laura Fan Club): I am in at 9p :-)

CFO just said: up to date NAV 25p per share.

Now a no brainer bounce back to at least 15p per share.

This stinks. Six £multi million losses in a row…

Good night Vienna and good night Sydney.

Total jokers…

@lending:

I am new to this sector, so that is very useful indeed. As are the other recent comments today here.

Thank you one and all.

IParsnip: that is a very dangerous thing to do with your money in a perilous situation like this. In fairness to more novice investors, I don’t think that you should statements like that here.

The key points of the update are:

1. Number of new signed cases continues to soar: up 31%

2. The average value per new case continues to rise: up another 6%

Six months is far too short a period to make any meaningful statement about case completions. Mano have always said it takes a year ,on average, to complete cases. That is incredibly fast execution in the world of law. It’s a great opportunity. I certainly have added.

The French situation + the UK situation starting to look very similar = a lower share price is justified here.

It took 2 weeks to go from 98p to 100p.

It’s taken 2 days to go from 100p to 110p {rocket emoji}

Why don’t they state what those market forecasts are ? As many other listed companies very helpfully do.

After all, Peel Hunt should be setting the standard for good, transparent disclosure. Particularly where that greatly assists the private investment community.

@UPSHunt: fully agree.

The crucial barrier was (predictably) resistance at 100p. Having broken that, this will really hit its stride and power through to 150p. Natural resistance. Then onto 200p. GLA.

Long term UK Government gilt rate today is significantly higher than during Liz Truss’s brief tenure. Starmer moving the economy into Number 10 yesterday tells you everything you need to know about the carnage that is about to befall in France, Holland and UK.

Mano’s cost base is largely fixed, so incremental revenue will catapult earnings through the roof (as they already achieved in 2019 before insolvency laws were suspended for 2 years due to Covid).

Yes, the share price is up 35% in the last three weeks but this company was completely written off by the market. Canaccord have a “conservative” target price of 168p (68% upside). IPO price in 2018 was 175p (75% upside) with the business being 10x larger today. Pre and Post onset of Covid (March 2020) the share price hit 590p (500% upside).

Is there any downside risk whatsoever…in this economic environment?…

With this size movement the company really needs to make a statement.

1. Great cash led results in June.

2. First big cartel case closed in July.

3. Now this swap out of an original seed investor by a smart USA investment house.

Impressive work…

Thanks to Guvvi for the good and balanced analysis here. Much appreciated.

Cheers, Forensic505

Very well said StuartRM

Thank you

@Laura - game very much on at Mano. This one is dead. You get back to ramping scum.

Superb audited results. Record realised revenues, Cash income through the roof up +45% to £26.5m, yet management have remarkably managed to bring overhead cost down. You don’t see that often !

The entire macro picture is perfect for MANO. So with costs so well controlled, 90% of new and increasing high margin revenue drops straight to the profit line and into their bank account.

They are also way ahead of Canaccord forecasts on every metric. Again, you don’t read those words too often nowadays…Bravo Mano !

Or let it go bust and buy it all for £1 and a bag of chips