Gross profits up 50%: As with all litigation funders, we focus on the gross profits as this reflects the net gain on investments. Pleasingly, GP was 50% ahead of the comparable period following settlements of cases and, mainly, developments in ongoing matters (fair value uplifts). Whilst realised GP fell from c.£2.2m to c.£1.0m, Management expects increased cash realisations in H2 given the 32 live cases that are in advanced settlement stages. Indeed, Manolete has received an addi
21 Nov 2019
Interim results – first look
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Interim results – first look
Manolete Partners Plc (MANO:LON) | 145 0 0.0% | Mkt Cap: 63.5m
- Published:
21 Nov 2019 -
Author:
Michael White -
Pages:
3
Gross profits up 50%: As with all litigation funders, we focus on the gross profits as this reflects the net gain on investments. Pleasingly, GP was 50% ahead of the comparable period following settlements of cases and, mainly, developments in ongoing matters (fair value uplifts). Whilst realised GP fell from c.£2.2m to c.£1.0m, Management expects increased cash realisations in H2 given the 32 live cases that are in advanced settlement stages. Indeed, Manolete has received an addi