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Manolete

May 2022

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:
  • 265p
Manolete’s trading update said there has been a slower rate of new incoming cases and case resolutions and consequently forecasts have been downgraded by 35% for this year just ended in March for eps of 8.1p with a 40% cut for the current year underway to 12.6p. However, since the year end it has had a large win, which should deliver £5.6m of net cash to reduce debt to c.£6.5m, leaving a strong balance sheet with most of the £25m facility unutilised. With better opportunities elsewhere, I will drop update cover. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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