Juridica Share Discussion Threads

[pillion] 12/11/2013 12:15

Going well; not much volume though

[azalea] 12/11/2013 12:14

Continued buying puts the pressure om the r MM to up the bid.

[azalea] 11/11/2013 09:38

Raising a mere $100m to invest in a market worth $22bn sounds good to me.

[jonwig] 11/11/2013 09:14

So, a further fundraising might be happening, as I thought:

A London-listed company that bankrolls commercial court cases is planning to raise funds of more than $100 million (£62 million).

Juridica Investments, which is backed by departing Invesco Perpetual star fund manager Neil Woodford, was set up in 2007 to give City investors the chance to back multi-million pound lawsuits.

The fund works by paying part of a company's legal costs and agreeing to collect a share of any payout or settlement, typically between 10% and 45%.

According to a filing last night, Juridica's management team is hoping to extend the fund's life beyond its planned seven-year life span.

The company has raised $210 million in capital from investors but is understood to want to boost its coffers by turning to them again. Juridica has about $161.4 million invested in 21 legal cases, here and across the pond, and has returned $64 million to its shareholders since it started.

Its rivals include Therium Capital, which raised a new fund itself earlier this year, as well as Burford Capital and the hedge fund industry.

It is estimated that the litigation market is worth about $33 billion in the US alone.

The funds only deal with large commercial disputes, usually to do with competition, insurance or intellectual property, and rule out backing cases led by so-called ambulance chasers, the personal injury lawyers who solicit clients among accident victims.

Juridica declined to comment.



(Dated 16 Oct.)

Whatever - small investors won't be invited.

[azalea] 08/11/2013 16:14

A cracking day -not a sell in sight and the largest voulume of buys for some time/weeks(?). Plenty of upside going forward.

[pillion] 08/11/2013 12:47

Cheers Jon
I found LIL

Specials are bottom of page

[jonwig] 08/11/2013 11:38

Pillion - I'd treat all their dividends as "special", as they happen when funds are released from fields Law. This generally happens around 31 Dec, hence payment in January.

So I'd ignore the description in your screen-shot. And don't expect anything next March! (Something wrong with the third row down - look at the dates!)

[pillion] 08/11/2013 10:22

With interim and special dividends declared; we still have the final dividend to come in March next year

Can that be right ?

[azalea] 08/11/2013 10:00

MM are ramping up the bid against an onslaught of buying.

[azalea] 08/11/2013 09:34

Your wellcome.

SP on the move as early morning buyers absorb 51k/61/68.8k as I write. The more bought, the greater the pressure on the MM. Enjoy the squeeze, I,m looking for 154p by early December.

Edit:0950hrs
Just been reading the RNS 1/10/13, "The company expects its Antitrust portfolio will produce significant returns to shareholders over the next 18 months. I am beginning to believe that by a lot of good fortune we may have come across a share that could easily rincrease by 50% in that period. One thing is for sure, there is hardly ever going to be a shortage of cases suitable for its portfolio,

[pillion] 07/11/2013 18:34

Cheers for the info Azalea

[azalea] 07/11/2013 16:31

Getting some notable traction on the bid(143p) buyers/sellers 5:1.

Edit 1655hrs: A 20k buy @ 143p posted at 16.46hrs, giving that lift to the bid. Given the widespread fall in market indices and gold, this could prove to be a flight to safety share.

[azalea] 07/11/2013 09:34

A whopping buy- 1.9m @ 142.04p, posted at 1831hrs yesterday, that should soak up a wedge of the free float. Buyers straight out of the gate this morning; the window to snap up a bargain is still there but only for a few weeks, more before the 14p goes XD.

[azalea] 06/11/2013 12:57

Bid now @ 141p = break even point for me. buyers trickling in @ circa 142.75p.

[orchestralis] 05/11/2013 14:07

I hope this is heading for 1.60p

[azalea] 05/11/2013 11:56

looks like someone has thrown in £423k to buy 300k @ 141p

[woozle1] 04/11/2013 15:02

I'll tell you why management don't have more shares. They don't need to! They are paid on size of the moneys under management, as well as performance fees. It's called heads I win, tails you loose capitalism that is commonly found in the US.

I own a small number of these for income.

W

[azalea] 04/11/2013 12:32

By 1/12, the upward momentum in the share price will have moved from its current walking pace to a gallop as the 13/12 deadline for the 14p div approaches.Steady as we go.

[azalea] 04/11/2013 10:00

Its the institutions that are holding the big stakes. Follow the money.

[hieronymous1] 04/11/2013 09:55

This is my biggest holding and they all have more than I do :-(

[tiswas] 04/11/2013 09:29

An impressive shareholder list but why do management hold so few?

[djderry] 01/11/2013 17:56

Or as in Kagagoogoo!

[pillion] 01/11/2013 13:42

Cheers Hieronymous1

[hieronymous1] 01/11/2013 13:16

Pillion - as in kicking.

[azalea] 01/11/2013 12:48

If the prevailing buying momentum continues, MM will eventually be looking for stock.