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Hi,
Rang my broker Jarvis today as received a letter saying I had to either sell my shares or get a share certificate. Rang them to enquire about selling since the shares are suspended.
They have since (today) sent an updated letter and I don't need to do anything until they know more about the match bargain facility. They said they'd spoken to DEV and whilst it doesn't sound like a match bargain facility is in place yet, they are still hoping to have it in place before delisting.
Apparently some match bargain facilities would allow me to keep the shares in my Jarvis SIPP.
Of course I don't trust a word DEV say and doubt they will get a facility in place but you never know.
The 14m shares which are confirmed as part of the warrant exercise will become effective on 28th June. Surely this means the suspension will end then which also coincides with results. The 6m nguvu warrants are separate to the 14m and will likely get converted sometime between 28th June and 6th July.
Can the 14m warrants be admitted if we're suspended?
"The 14,000,000 new Ordinary Shares to be issued to pursuant to the Warrant Exercise will rank pari passu with the existing Ordinary Shares and application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on or around 28 June 2022."
https://tinyurl.com/ypeen2hv
Alternative link
Well worth a listen to this podcast. I had hoped their next TU would show a strong return to growth in the number of cases taken on but sounds like this hasn't happened, mainly because of staffing issues at the IPs.
Given the insolvency levels continue to rise, surely this is just a backlog which will filter through to Mano with time. Trading update in June will be telling as to what the next few years hold for Manolete.
This has always been a five year investment for me with a target SP of a return to 600p. I'm still confident we'll get there.
https://www.**********.co.uk/articles/q-a-with-manolete-partners-ceo-steven-cooklin-d910fa5/
Thanks for sharing. Probably not big enough to warrant an RNS but a significant case win!
With inflation soaring I can't believe there won't be a lot more businesses getting trouble over the next few years.
The number of registered company insolvencies in December 2021 was 1,486:
20% higher than the number registered in the same month in the previous year (1,237 in December 2020), and
33% higher than the number registered two years previously (pre-pandemic; 1,120 in December 2019).
It was around Jan / Feb 2020 when the number of insolvencies really dropped off due to the emergency measures. Insolvencies now above pre pandemic levels for two consecutive months.
By the middle of 2022 the number of signed cases should really start to motor for MANO. Pleased to be in early before the 'tidal wave'.
https://twitter.com/CapitalPmh/status/1482005432122101770?t=8zP72XkAnFIEQ1Gs9xdPtQ&s=19
Mobile betting commences in New York from tomorrow. Elitesportsny.com is one of XLMedia's sites and will benefit from this.
Google sports betting new york / sports book new york etc. and their site is one of the top Google pages.
The TU will be really interesting. Should really start to see this explosive growth in the results.
https://twitter.com/sturdz18/status/1476865041345486873?t=7iuyLLoSK07CNYd0q3Wx1A&s=19
90% of next years revenues are likely come from contracts and agreements announced in the past year.
This illustrates just how scalable their offering is and how rapid they're growing as they launch in more and more countries.
Been doing a few sums to try forecast revs for next year. I think we'll be around £18m based on what we know now.
But fully expecting more contracts /rollout to be announced which could push us north of £20m.
https://twitter.com/sturdz18/status/1468728571799744513?t=6ocvLvkOzKm539ONdKhtlw&s=19
https://twitter.com/sturdz18/status/1463860782115008517?s=20
Sell on news. As predictable as night and day, especially after a decent run like KINO has had.
But the trading update was excellent so don't be surprised if once the traders have taken some profit, more investors come on board for this company has some exciting years of growth ahead.
CEO making all the right moves in my opinion. Rebrand, cut the dead wood from the business, target the growth markets.