Manolete Partners are an insolvency litigation financing company who were listed on the AIM market in 2008 and has risen 38% in the last month and 16% in the last week. Manolete work for, and alongside, HMRC, the Insolvency Service, the British Business Bank and the many hundreds of outstanding private sector insolvency practitioners and insolvency and restructuring lawyers.
The recent share price increase is presumably due to recent cases which they have on-boarded and funded. Their 2024 net profit was 3%.
Manolete is different from other litigation funders. We take on all the risk in every case and work in a three-way partnership with IPs and their lawyers to ensure meritorious claims are pursued and resolved. We pay large up-front cash payments immediately to relieve the pressure of unpaid WIP and to finance crucial further investigation work.
I do not usually invest in AIM market stocks any more, having been badly burnt by many previous AIM tips, but I found this company myself while looking for recent high-gain stocks and decided to risk £100 of my hard-earned ISA money on them.
Looking over a longer period, it seems the firm had a peak share price of 330p in June 2022 and went downhill from there until a recent CEO change (see chart below).
I have no inside knowledge of this company, but the share price may continue to rise for another few weeks at least, however AIM shares are always volatile and small dealer volumes are often caused by director shareholder trades which can cause large price movements.
This is a high risk, high return gamble for those with money to risk, so be careful!
Another 'bet'
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