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Manolete Partners Plc ( (GB:MANO) ) has issued an update.
Manolete Partners PLC reported an update ahead of its Annual General Meeting, highlighting the settlement of a truck cartel case and the onboarding of 114 new cases, generating unaudited unrealised revenue of £4.2 million. Despite a decrease in the number of large cases settled compared to the previous year, the company remains optimistic about its future performance, expecting higher value completions and a strong pipeline of potential cases in the coming months. The cash injection from the settled case was used to reduce debt, although some delayed payments from large debtors have kept the facility drawn to £12.5 million.
The most recent analyst rating on (GB:MANO) stock is a Buy with a £172.00 price target. To see the full list of analyst forecasts on Manolete Partners Plc stock, see the GB:MANO Stock Forecast page.
Spark’s Take on GB:MANO Stock
According to Spark, TipRanks’ AI Analyst, GB:MANO is a Neutral.
Manolete Partners Plc receives a moderate overall score of 54. The company shows strengths in its balance sheet with low leverage and recent positive corporate events. However, it faces challenges with cash flow, profitability, and is trading at high valuation levels with bearish technical indicators.
To see Spark’s full report on GB:MANO stock, click here.
More about Manolete Partners Plc
Manolete Partners PLC is a UK-listed company specializing in insolvency litigation financing. The company focuses on funding legal cases related to insolvency, providing financial support to litigants in this niche market.
Average Trading Volume: 157,526
Technical Sentiment Signal: Buy
Current Market Cap: £48.63M
Learn more about MANO stock on TipRanks’ Stock Analysis page.