UK 01:56 Thursday, 29 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
My perma bearish stance on Manolete (MANO) run by clownish Steve Cooklin is again vindicated by its results for the year to March 31 2024, finally, out today. The shares were 515p when I first published a bear dossier HERE in July 2020. Today they are just 135p. Ouch. So much for that RNS smearing me and “refuting” my dossier crafted by PR knobs Instinctif. Shame on you.
Manolete (MANO) shares were 515p when I first published a red flag dossier. Today shares in the Pound Shop version of Burford are just 120p and falling. I have three questions but let’s start in the High Court.
It is just under four years ago when we published a major red flag dossier on Manolete (MANO), a “pound shop Burford.” The shares were then 515p and natch the company and its spin doctors rubbished my analysis. The shares are today 117.5p and falling. Stevie Wonder can see the writing on the wall: the company needs a bailout placing fast.
For numerous reasons, we flagged up when shares in Manolete Partners (MANO), the pound shop equivalent of Burford, traded at 515p. Anyone owning this stock is bonkers. A profits warning today is another reason. It is not just the warning but that it is a direct contradiction of what investors were told five months ago. Back on November 11 2021...
Yesterday, Manolete (MANO) announced that, with the shares at multi-year lows and with the company almost certainly on the runway to a placing, founder and CEO Steve Cooklin had dumped 750,000 shares the prior day. However, it stressed in the RNS:
Just a couple of weeks after a dire profits warning which utterly vindicated my bear dossier of last July that the company so pompously refuted and which flews in the face of subsequent bullish statements, it emerges that Manolete (MANO) founder and CEO Steve Cooklin has flogged c£1.5 million worth of shares with the stock at multi-year lows. But this not the only boardroom trading red flag.
On 10 July 2020, I published a devastating and detailed bear dossier on AIM darling Manolete (MANO) with the shares at 515p valuing it at more than £250 million. The company and its odious PR firm Instinctif responded with a pompous and unconvincing denial. I’ve warned you repeatedly since then and yesterday in the late afternoon came a shocking warning. The shares closed at 200p but as lies are exposed, worse, including a bailout placing, will come. So let’s start with the lies.
Bulletin Board Morons are getting a bit excited about this but I am afraid it is fake news. My pal Carson Block slated the accounts of Manolete (MANO) rival Burford (BUR) and so his endorsement of Manolete’s accounts would be a coup. And that is what the IC claims today, stating:
Once again the author is not me but the creator of the devastating dossier we published on July 10 HERE. Yesterday, Manolete (MANO) served up interims which only add to the bear case and here is why.
Three weeks ago the share price of Manolete (MANO) slipped below 300p. Given that it was 515p when I published a major dossier on July 10 warning that the shares would more than halve, it was panic stations…
I noted on Monday how shares in Manolete (MANO) were tanking. So what to do? Natch, issue a panicked trading statement at 4.25 PM on Tuesday to reverse the rot. An unscheduled trading statement in the face of a sliding share price is always a bit of a red flag. And this statement was a total horror in the way that it boasted of the settlement of a major claim. It only serves to show how utterly aggressively this company presents its accounts and thus why you'd be bonkers to own the shares.
Last week I published a detailed dossier on Manolete (MANO) explaining why the shares, then 515p, were worth 80p. Today the company has published an attempted rebuttal which starts with upper class twit PR scumbags Instinctif trying to smear ShareProphets. The shares are off another 15p at 395p. The PR men may find smearing journalists almost as entertaining as mutual masturbation behind the bike sheds at Eton, but the markets are not convinced. I shall deal witrh that smear in bearcast later. First why the rebutall is so weak.
This work is not mine. The author craves anonymity but the dossier below is excellent, detailed and makes a compelling bear case for a darling of the AIM Casino. The author wants the work to see the light of day and so wishes it to go out in my name. If the company has any objections or wishes to get bully boy lawyers involved, it can direct them to me. We will see the bitchez in court! Enjoy. This is devastating.
