RE: Massive upside bounce coming14 May 2026 13:31
thanks and agreed upshunt.
i have been looking at the new board. i think the chairman, howard leigh is now effectively in control now. he has a super impressive background, it was his business called cavendish (that he started decades ago) that has become the shining jewel in the quoted cavendish investment bank group - presumably that is why they changed the group name to cavendish !
leigh looks like a very savvy operator indeed. he's an expert in corporate finance (he headed up the cf faculty for the chartered accountants institute). so someone like him will be totally focused on shareholder value. top bloke. i think the new ceo (halton) is a good operator - been in the mano business for over 10 years. plus a new cfo who looks much better than his predecessors here, by a long chalk. i think we're in good hands - in particular led by leigh.
year end results not far away now. i agree - given their business cycle (2 years from taking on a case through to full cash receipt) we should now be harvesting the fruits of three years of record case investments. so net debt should be well down down and profit should be very strong.
underlying profit was £2m for the half year with a strong message that h2 will be stellar, so i'm looking for around £5-6m+ for ebit for the full year ending 31 march 26. on my calculations that puts the vacation of mano at a pe of around 7x. dirt cheap. canaccord have a target of 130 (100% upside from here and i really can't see any downside risk at this lowly share price).
my only disappointment so far this year has been that they haven't managed to follow up with further cartel case completions since their excellent £3.2m win in 2025. cooklin's last gift to the stockholders! if memory serves the trials are about 9 months away, so these should be very ripe to close. if they hit nav on the cartel cases, they will extinguish all their net debt and this should look very pretty indeed.
a number of investment banks have tipped mano to be one of the top financial services recovery stocks for 2026. i wouldn't argue with that. i have added significantly these past three weeks.
dyor as ever and gla.
a post from you in january when shares were 58.5 pence. youre a ******* genius when it comes to stocks my guy. they've done stellar since then. surely mr cooklin wouldn't be selling his entire stake if it was such a rosy outlook. im sure he knows a thing or two about the company..... you constantly witter on abiut how great this share will be, yet it dwindles down. not only have they spunked your money, they've spunked hsbcs money too. everytime you say its going to the moon it returns to earth w8th a bump. now be honest, hiw much have you lost on these shares.? :)