Vox Markets Logo

Manolete Partners see increased activity and finishes the year strong

07:55, 2nd April 2020
Vox Markets
RNS Newswire
TwitterFacebookLinkedIn

Manolete Partners plc (AIM:MANO FOLLOW) has informed the market they remain fully operational and are experiencing increased activity levels. In March the Company had 50 new case enquiries, 15 new signed cases and 8 case completions. 

Although there have been some delays in the Courts, very few of the Company’s cases go to Court.  During the current crisis the Company have been conducting mediations and other Alternative Dispute Resolution meetings using video conferencing services during this current period of social distancing. 

In the 12-month period ending 31 March 2020, the Company saw: 

  • A 131% increase in new cases (141; FY19: 61); 
  • A 54% increase in completed cases (54; FY19: 35); and 
  • Gross proceeds of £10.1m (FY19: £9.3m) for the full year; with gross proceeds in the second half of FY20 of £7.7m, compared to £2.4m in the first half. 

Shares in Manolete were up 12% in early morning trading 

MANO price chart

TwitterFacebookLinkedIn

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Recent Articles
Watchlist