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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Manolete

June 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:
  • 485p
Having fallen like a stone to 230p, shares in Manolete have bounced spectacularly and are close to former highs. The UK insolvency litigation finance group has remained fully operational during the COVID-19 crisis with new case enquiries in the first four months of 2020 growing 129% to 238 and new cases signed increasing 115% to 58. This followed earlier news that in the 12 months to 31st March 2020, it achieved a 131% increase in new cases to 141 and a 54% increase in completed cases to 54. Gross proceeds during FY’20 were £10.1m (FY’19: £9.3m) following a strong H2 in which gross proceeds rose from £2.4m to £7.7m. The wind is clearly in its sails. We remain strong ...

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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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