Member Info for Forensic505

Indeed. Feels like something is imminent....

I get the feeling that the market feared a reinstatement of the temporary insolvency suppression laws on the back of the Omicron concerns. I think that has (rightly) abated now. The Government seems highly committed to "back business as normal" and "learning to live with the virus". So this make some sense to me. The Government's own insolvency statistics show a consistent rise in insolvencies in the past few months. They dont want a cliff edge of course, so i expect a gradual but consistent improvement here. That should last over a number of years.

I agree. Should get very interesting very soon....

I would be surprised. Any company fraud, let alone one involving a senior director, will make any self-respecting tipster run a mile.

Wrong on all levels Yuri.

Compulsory Liquidations are run by the Government (Official Receiver). Mano gets all its cases from private IPs (CVLs).

CVA is not an insolvency process.

Best to keep quiet if you don’t know.

If it was just "a couple of expense receipts" I am sure this could have been addressed in a rather different way. But GLA.

Exactly Blue83. We had been told that matey was the greatest thing since sliced bread and was signing up lots of "Corporate Portfolio" deals as Vice Chairman and basically head of LCM outside Australia. If he cant be trusted to get his taxi receipts right then....Big red flag for me. I have sold. Safer bets in this space.

To be fair I think Yuri is being sarcastic. This is the first (very small) dilution since IPO in 2018. Companies usually dilute up to 10%....

I am no scientist but logic seems to dictate that the vaccines will be chasing behind mutations for a long time now. The Synairgen approach therefore makes even more sense. This looks well poised for a strong run.

This is an excellent result but the big final question does still remain: can/will the defendant pay ? Need to see the cash of course.

Many thanks Maddox and Sammy 88, excellent comments. I enjoyed the presentation yesterday but did find something fundamentally odd: if the management are saying that their valuation models are accurate to around 100% then why would one not mark the Fair Values to those much higher marks? I believe the relevant accounting standard calls for "accurate" valuations (rather than lower of cost and NRV).

The other missing piece of the jigsaw was durations to realise the $2 Bn value they were pointing to and then the costs of realising those gains over that period of time.

I agree with Sammy's three points. Not sure much will fundamentally change here until one or more of those are achieved.

It will be interesting to see if any of the analysts are able to piece the whole picture together.

The big plus for me today was the large rise in Corporates, over and above law firms. Really important dynamic on lots of levels.

Watching it live. I think the fundamental message is: value of existing portfolio (excl YPF) roughly equals current market cap. Therefore no value in the share price for new business and no value for YPF. Interesting as far as that goes. But does suggest somewhat undervalued.

Sammy88: precisely my thoughts !

Rather bullish.....interesting....have added

Fully agree Ken

This announced by the Insolvency Service this morning: https://www.gov.uk/government/news/end-of-temporary-insolvency-measures

Some protections for very small businesses (£10k creditors) and from landlords (to help hospitality sector) until March.

Very good news for Mano

Mary - me too out (gratefully) for now. Lovely pop. Exactly what I was hoping for.

Thanks Monk.

Completely agree. Very bullish. I think the brokers have TP of over £17 on significantly lower forecasts. Promising run ahead.