Juridica Share Discussion Threads

[tom111] 24/6/2014 16:05

Well worth the wait

[m1das_touch] 24/6/2014 15:45

Someone's clearly impressed - 250,000 buy just gone through.

[m1das_touch] 24/6/2014 14:58

I don't see your point LaValmy - that sum of $70m is the figure that the Company's Investment Manager is estimating to be the gross proceeds due to Juridica. I'm not saying that the $70m is all directly distributable in the form of a dividend, I'm simply comparing gross proceeds due so far in 2014 with gross proceeds received in the whole of 2013.

Are you saying that they're using the term 'gross proceeds' differently this year compared to last?

[lavalmy] 24/6/2014 14:44

I am not sure that you have fully understood the following

'The Company is entitled to proceeds as per the terms of the Company's loan facility for these cases. Subject to final calculations, the Company's Investment Manager expects that total gross proceeds will be in excess of US$70 million prior to accounting for any potential tax liabilities.'

I have given up trying to figure out how much is distributable under the terms of the loan - offhand I think 20-30mn maximum. So dream on.

[m1das_touch] 24/6/2014 14:40

That's a stunning announcement, yet to be fully discounted in the share-price. Even if there are no other settlements this year (which, from the announcement seems highly unlikely), with around $70m as our share of these settlements, we should be in line for a very juicy dividend announcement later this year.

A little excerpt from the dividend declaration RNS on 23 October 2013, should give an idea of what to expect...

"During 2013 the Company has paid or announced a total of 27 pence per share in dividends following continued success in its maturing portfolio of investments. Gross proceeds achieved during 2013 total US$30 million."

Gross proceeds achieved during 2013 = $30m
Gross proceeds achieved during 2014 = $70m (and counting...!)

I've topped up in anticipation of a re-rating once this news filters through to existing private and institutional holders.

[jaws6] 24/6/2014 14:17

RNS out on case

[edwardt] 18/6/2014 12:03

suspect the two transactions are linked!

[jonwig] 17/6/2014 16:56

Strange indeed, Lord Brennan QC is Chairman of JIL and a director of NBNK.

[opaldouglas] 17/6/2014 15:18

Could this all be connected to Crystal Ambers recent 24% stake in NBNK?

NBNK intend to take legal action against lloyds/the government for the botched handling of the proposed TSB sale from lloyds. This cost NBNK in the region of £30M.

I'm not familiar with JIL but as the old adage goes, There's no smoke without fire!?!

[pillion] 17/6/2014 15:12

Good find Speed
CRS; A decent progressive investor

[speedsgh] 17/6/2014 15:00

Interesting. Crystal Amber taking a notifiable stake in JIL.

TR-1 Notification of Major Interest in Shares -

[m1das_touch] 29/5/2014 16:37

jonwig, the expectation of surprises (or is that an oxymoron?!) is one of the reasons why I enjoy holding (and sometimes trading in and out of) JIL.

I like the random nature of the large dividends and the fact that the stock seems to have virtually zero correlation with the rest of the market, or indeed with pretty much every other asset class.

[jonwig] 29/5/2014 14:50

Looking at the bottom header chart, Jan-Apr 2013 was pretty boring, 2014 not. But Apr to Jul is boring this year so far, unlike last year's pattern: in other words, be prepared for surprises!

I regularly search for news on the web for JIL - nothing lately.

[m1das_touch] 29/5/2014 13:24

The timing of the announcement varies, according to receipt of funds from case settlements. Last year the initial dividend of 10p was announced on 4 July, with a supplementary dividend of 4p announced on 30 October.

[portside1] 29/5/2014 08:16

thanks to both of you . yes I bought for the last two divs .
but I thought they announced the div in august last year I may be wrong

[m1das_touch] 21/5/2014 15:18

Yes, last two years dividend paid in January, with an ex-div date in December.

It's usually better to be in before the dividend is announced with Juridica, as the share-price usually climbs significantly after the announcement, and then falls back very sharply after the ex-dividend date (usually by way more than the amount of the dividend on both counts).

[ericjhan] 21/5/2014 15:11

Portside1 - I think (but DYOR) the next XD date will be towards the end of December and payment likely to be Jan 2015

ericjh

[portside1] 21/5/2014 10:24

when is the next div going to be given out want to buy before they give it out
thanks it was aug last year

[drdre] 26/4/2014 09:44

Agreed, very interesting and thanks for sharing JW

[scottishfield] 26/4/2014 09:40

v interesting, tks jonwig

[jonwig] 09/4/2014 09:30

AGM is on 30 April in Guernsey.
Resolution to buyback up to 15% of share capital, otherwise nothing of note.

Annual Report:

[flying pig] 07/4/2014 13:36

Purchase announced. Positive as he thinks there is value.

[casino444] 01/4/2014 06:34

great good to hear management telling us in advance what there going to do in a clear up front way

[jonwig] 01/4/2014 06:22

djd - absolutely, but it's possible that these will be the 1m treasury shares which presumably could be released to managers at below market prices?