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Manolete - Earnings to climb from 21.8p to 59.3p in two years

August 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MANO
  • Price:
  • 415p
All the talk of an impending slump in the UK economy will have persuaded many investors that there are no high growth and exciting shares anywhere. But the tough conditions arising from COVID-19 and Brexit has created a strong platform for growth at Manolete, which operates in a counter cyclical industry. Manolete - pronounced manolay - invests exclusively in insolvency-related cases that are sourced largely from insolvency practitioners.  The company basically funds a niche of litigation - claims against the directors of insolvent companies. As chief executive Steven Cooklin recently said in an interview quoting data from the BBC, 25% of UK SMEs, which is Manolete’s target market, could well be forced into insolvency in the forese ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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