Juridica Share Discussion Threads

[someuwin] 22/8/2017 08:44

Interesting!

[vulgaris] 22/8/2017 08:26

So, let me get this right......

Presently, you can buy for 16p, getting 8p divi back on 29/9 (so long as on the register by 1/9) leaving an 8p punt on------

"Subsequent to 30 June 2017, the Company (through a wholly owned subsidiary) received US$10.0 million as partial release of tax reserves held by Fields Law Firm PLLC ("Fields Law") relating to the 2016 settlements in the Company's antitrust and competition portfolio. The release of these reserves was due to Fields Law finalising a portion of its tax filings. Additional reserves related to settlement of remaining Fields Law taxes will be released, should any reserves remain, once Fields Law finalises its remaining tax obligations (which is expected no later than third quarter 2017). A further US$3.0 million remains in escrow for certain contingencies related to JIL's investment in the facility that funded the antitrust and competition portfolio. Any unused funds in the escrow will be paid to JIL upon termination of the escrow requirements (expected to occur in September 2020).

A total of 11 investments remain active with four being litigation related, four relating to special purpose vehicles ("SPV"), and three being non-litigation and non-SPV."

....

With a bit of luck there might well be more that 8p/share worth of further value in this little lot, though they aren't made easy to value from this description!

[robizm] 22/8/2017 08:03

Was not expecting 16p

[sogoesit] 22/8/2017 08:01

Like going to Court... a complete lottery!

[robizm] 22/8/2017 07:46

With the high running costs we might see another 10p

[nigelmoat] 22/8/2017 07:31

Yes good news. The question now is what could the remaining 11 active investments be worth?

[spob] 22/8/2017 07:29

Luvvly Jubbly :)

[philjeans] 22/8/2017 07:14

Yes - as I thought; insiders buying ahead of todays RNS.

Excellent news - div of 8p on an 8p share!

BINGO!

[philjeans] 18/8/2017 10:42

Someone's loading up every day so we must be due some good news!

[flying pig] 31/7/2017 07:41

If the directors know the results they are not allowed to use insider information. Dealing can only take place after market announcements.
They get their fees and are probably in no great rush to sort it out

[djderry] 30/7/2017 15:52

Re above questions,I'm basing my opinions on a conservative reading of the NAV, which admittedly in litigation outfits is a movable feast and on the basis they can't keep losing every case,or can they!!!!

[riskvsreward] 30/7/2017 09:37

Exactly? Why don't the directors think the same. Do they know less or more than you?

You don't see director piles in on this, do you?

So it may double up, or half down, or worse. It is a gamble. That is why the directors don't pile in as they don't know which way it will go either.

[orchestralis] 30/7/2017 07:14

Why do you think they will double in price?

[djderry] 29/7/2017 20:28

Continuing to hold lots of these,will be very disappointed if they don't double in price which will still be very disappointing.

[philjeans] 21/7/2017 13:37

And any one of the remaining cases could exceed the Fair Value figure by a staggering amount.

All to play for here - all coming to a nice cash conclusion very soon............

[tonsil] 20/7/2017 12:29

Fair Value of Investments
The fair value of the Company’s investments at 31 December 2016 was US$18.9 million. From an accounting
standpoint, these investments are categorised as contractual interests, debt securities, or equity investments.
These categories reflect the following changes from the carrying value as at 31 December 2015:

[speedsgh] 08/5/2017 17:44

Investment Trust Watch: damning verdict on legal fund -

... But while Electra's big share price fall was predictable, the slump in Juridica (JIL), whose shares lost more than a third of their value this week, was less so.

Down 35.9% over the last five days, it was another grim week for shareholders of the legal funding investment company. Over the last five years, the shares have fallen 90.9%, although around half of that fall is accounted for by 65p of dividends as the managers wind down the company.

This week's final results heaped yet more bad news on shareholders. Although the worst of 2016's losses were reported in September's half-year results, the second half of 2016 brought further hits to the net asset value, which fell 9.6% this week.

But the share price reaction was even more emphatic, suggesting that for some investors, this week's news was the final straw.

[djderry] 06/5/2017 00:36

I presume some of the institutional investors voted against,surely they would have ironed out all this before the vote? Am I right to suppose those voting against didn't want the Co.spending money reducing the number of shares in circulation on the basis there will be more cash left at the end? But isn't it all a zero sum game,if the reduce number of shares,sp should go up??

[speedsgh] 04/5/2017 19:38

Note that Resolution 6 was voted down at today's AGM...

Result of Annual General Meeting -

RESOLUTION 6
THAT the Company generally be and is hereby authorised for the purposes of section 315 of the Companies Law to make one or more market acquisitions (as defined in the Companies Law) of ordinary shares in the capital of the Company.
VOTES FOR: 16,714,631 AGAINST: 22,184,544

[eeza] 05/4/2017 16:04

There's probably a goodly amount of peeps sitting on fairly large losses and may be selling to crystallise the losses in the current tax year, ending today.

[orinocor] 04/4/2017 16:17

What completely puts me off is the ongoing running costs of $4.5M per year. That's a tidy sum and not to be sniffed at.

[baracuda2] 04/4/2017 15:52

Thanks Simon, everyone that listens to that idiot are selling and I'm buying, nav of 20p with more divis to come doesn't make sense to sell.

[eeza] 04/4/2017 14:43

Subscriber only.

[speedsgh] 04/4/2017 13:57

Simon Thompson has moved from a HOLD recommendation to SELL in today's IC (see brief update at end of article)...

[eeza] 03/4/2017 21:09

You've got lots of company.

Simon Thompson's followers will also have been sick over their porridge.