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An update from Manolete Partners Plc ( (GB:MANO) ) is now available.
Manolete Partners Plc has announced the settlement of a truck cartel claim, resulting in a £3.2 million gain, which will be used to reduce its debt with HSBC UK Bank Plc. Despite the successful outcome, the company anticipates a non-cash write down of £1.9 million related to both settled and unsettled claims, impacting its net asset value, and it remains unlikely to pursue similar competition law claims in the future.
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 leading UK insolvency litigation financing company. The firm is recognized for its expertise in insolvency litigation finance, although it occasionally ventures into other areas, such as competition law claims, as evidenced by its involvement in the truck cartel claims.
Average Trading Volume: 54,554
Technical Sentiment Signal: Strong Sell
Current Market Cap: £34.57M
For an in-depth examination of MANO stock, go to TipRanks’ Overview page.