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Juridica Share Discussion Threads
Showing 1026 to 1048 of 1050 messages
|Sold all at £1.30 a couple of years ago. Couldn't resist avoiding a loss.|
|SOLD. Completely out (at 19p bid).
Am sure there is extra mileage here, but couldn't resist taking a sizeable short-term profit.
Good luck all.|
|32p dividend appeared in my HL account this morning.|
|I managed to get my 100,000 in 2 tranches at 14.50p and 14.75p
Agree costs are going to be high, but FX is another spanner in this (I think the £ is going to crash further vs US$ in the next 12 months).
So whilst I'd like to think 35% is in the bag, I'd be happy with 10% to 15% realistically (once write down risk is in the mix). Again, a waiting game, but certainly an interesting one.|
|I took another look at the results and I think costs to dec 2017 will be over 3p per share now.
I'm also very unsure about the value of the investments in the portfolio.
There is also a $700,000 write-off of an investment after the year end.
I'm going to watch on the side-lines and may be interested at the 13p area.|
|I'm not reinvesting mine, simply because I've added over 100,000 shares in the past few weeks, but pleased to see some support for this share which has way more upside risk than down.
Am hoping for at least a 35% gain on today's share price as JIL winds up in the next 12 to 15 months.
|slight rise - people reinvesting dividend?|
|Monster dividend payout tomorrow. I wonder if some will reinvest strengthening the share price?|
|Added 56,000 shares this morning, once upon a time they would have cost a pretty penny!|
The discount to NAV is very attractive (even with a 2p to 3p deduction for ongoing/winding up costs) as is the fact that the finish line is in sight.
Speaking to a lawyer friend who knows this space, these outstanding cases that JIL owns can be assigned (sold) to other claimants (e.g. Burford etc) with relative ease and without the need for a fire sale - it remains an increasingly popular asset class in a world of negative yield.|
|I know they are going to reduce the operating costs but it looks like they will still be quite high. $2.1 million for the last 6 months.
I'd be assigning 3p off the NAV to account for ongoing costs, and winding-up costs, to the end of 2017.|
|From the Interims on 6/9 the NAV was 26p. I realise this is a moving target (up or down) and during the run off period to Dec 2017 there will be expenses incurred. Nonetheless at the current offer of 16p, even if the NAV drops 38% we will still break even and if we get paid out at NAV that's a 62.5% gain in about 15 months. An interesting speculation.|
Down 12% now.
& 12.5% spread !!|
|Well this share doesn't cease to disappoint - down 8% on £200 worth of volume. My holding is so small now that it can't do me too much more damage. Didn't ST say to use divi proceeds to buy more?! Think I'll pass on that idea|
|13 cases is a lot IMVHPO|
|I am a bit wary of the potential for the remaining cases to disappoint. If these do not produce results then the residual value will be the remaining cash held after the divi distribution. This amounts to 8p per share as I understand it.
In itself that is better than a poke in the eye with a blunt stick, but then there are still outstanding costs to be covered.
Suppose it's like buying any other share. You have to try to anticipate correctly!|
|And 13 cases still outstanding|
|As stated in 6th Sept RNS:
"Net asset value per ordinary share $0.7783"
Dollar to Pound converts this at 59p, less 32p dividend = 27p.
Current share price 16.5p (15.5 bid/ 17.5 offer).
So there's a 10p difference between NAV & current price.
I appreciate there's a risk element, but even so this looks cheap IMO.|
|16 September is the RECORD DATE
15 September is the EX-DIVIDEND DATE|
|Thanks eeza - see below
Juridica, a provider of strategic capital for corporate legal claims to both businesses and the legal markets, confirms that the Company will pay the dividend of 32 pence per share (or approximately US$47 million in aggregate), as declared in the Company's interim results announced on 6 September 2016, on 30 September 2016 to shareholders on the Register at 16 September 2016.
Just copied this off FE Investigate and they have ex div tomorrow. This was why I queried it.|