Juridica Share Discussion Threads

[+eysenck] 01/11/2018 15:42

Hi, I tried to buy some JIL today but my broker told me that they didn't have a Key Information Document for JIL. In two accounts I have I can sell but not buy, maybe this explains the recent price action. Does anyone know of a broker that that can deal, buy, in JIL shares? Thanks.

[keya5000] 18/10/2018 17:07

That was my thoughts, it's taking a punt on the winding up process.

Only needs one of the larger cases to go south and its close. Conversely some could come in better.

I would be tempted at 3.5p.

[+eysenck] 18/10/2018 17:05

If the NAV is still circa 7p per share and the offer price today is 3.80p, is there not a reasonable disparity to take advantage off here?

[czeck] 09/10/2018 11:50

hxxps://www.lawgazette.co.uk/law/pwc-under-spotlight-over-audit-of-litigation-funder/5067856.article#commentsJump

[pj84] 07/9/2018 23:21

Up until today I had held on, on the basis that the value of my holding was so low that it was worth the risk of holding on, in case there was an unlikely surprise, even though being able to sell for 8p plus yesterday seemed a good deal.

By the time I read this mornings announcement I also calculated the NAV 7p but with as yet unknown liquidators costs (which are always preferential and paid before shareholders) I decided the risk of holding was no longer justified and accepted 5.7p.
Whether I have missed out on slightly more, only time will tell but even with the continued fall after I sold I am not tempted to buy back. Good luck to those hanging on to the end.

Plasbyrn I am not sure what other monies you think are still owing to us (not me anymore)?

Edit I should also have mentioned that the NAV of the outstanding cases is the companies best estimate of the value of those outstanding cases and the liquidators job will be to sell those remaining assets to someone at the best price he can obtain but that depends on what someone else is prepared to pay.

[plasybryn] 07/9/2018 22:50

Am I right in thinking the NAV dividend by the number of shares in issue equates to circa 7p per share.And that doesn't take account of other monies still owing to us. If correct that makes the shares currently rather good value. Any thoughts?

[djderry] 07/9/2018 07:37

Market makers begin the tree shake pre opening.The vultures will scurry off.Meanwhile,a few of us will doggedly hold on.Do your damnest and liquidate!

[speedsgh] 06/9/2018 22:56

Results for the six months ended 30 June 2018 -

The Board now believes that the costs to shareholders of continuing the Company in operation and maintaining an AIM listing are now outweighed by the benefits of winding-up, de-listing and liquidation.

The Chairman expects to write to shareholders shortly with details of an Extraordinary General Meeting with proposals to wind-up, de-list and appoint liquidators.

[alter ego] 16/8/2018 15:52

I live in hope but who knows?

[plasybryn] 16/8/2018 15:39

News shouldn't be far away should it?

[plasybryn] 15/6/2018 08:01

Seems to be heading up again. Do those in the know, know something?

[djderry] 13/6/2018 17:38

Ah, I remember the heady days when there were millions gushing in, now all that's left are the scavangers waiting for the once proud beast to topple over.

[plasybryn] 25/5/2018 10:46

Got mine. Worth hanging on for final pay-outs?

[neilyb675] 24/5/2018 21:24

Payment tomorrow.....

[ptolemy] 25/4/2018 11:24

Sold my holding in tranches over the last week. It's been an "eventful" 4 years. Good luck to those holding on.

[ptolemy] 24/4/2018 14:23

My understanding is that the April announcement put a value against these 2 litigation cases and that now forms part of the disclosed NAV figure.

"The Company currently is managing two litigation investments and a consequential provision in a third litigation investment with a total NAV of US$6.13 million"

If correct the NAV values the company at 8p. There are no longer any references to undisclosed values in the April announcement. Happy to be shown to be wrong!

[knowing] 24/4/2018 13:00

From January's update:

At the present time, there are two remaining litigation investments. The Board of Directors and the Manager believe that both investments have the potential to generate significant value for the Company. The Board of Directors and the Manager are optimistic that these litigations will be resolved by 31 December 2018.

[ptolemy] 18/4/2018 10:05

Is there any evidence that the NAV is above the share price of 8p, or that Mgt will return to s/holders more than 8p? Perhaps s/holders believe there's some undisclosed value in the patents portfolio? I'm baffled.

[djderry] 13/4/2018 20:53

Knowing, they're just giving you your own money back! You can do this any time you like by taking a fiver out of your pocket with your left hand and transferring it to your right hand. At least that way you won't have to pay broker fees and capital gains tax.

[knowing] 13/4/2018 14:19

Whatever it is very nice

[djderry] 04/4/2018 12:19

God,there's a lot of dross in that portfolio, just what we're they thinking? anyway,I'll continue to take the cash but please,stop calling them dividends,it's just a return of capital to shareholders.

[speedsgh] 04/4/2018 12:06

Final Results -

SUMMARY OF RESULTS
During 2017, the Net Asset Value ("NAV") per share has changed by US$0.0977 per share from US$0.2541 per share at 31 December 2016 to US$0.1563 per share at 31 December 2017. The change in NAV was due to the following:

· Payment of dividends during 2017 amounting to US$11.9 million (US$0.1074 per share); and

· Total comprehensive profit during 2017 of US$1.1 million (US$0.0097 per share)

INVESTMENT RESULTS
During the twelve-month period ended 31 December 2017:

· Final settlement was received from Case 2709-E, which was fully resolved, delivering a total of US$181,000 to the Company.

· A total of US$12.9 million in reserves was received from the Company's large antitrust and competition investment.

· Proceeds received from Investment 114107 totalling US$893,000 upon exercise of counterparty's option to buy out the Company's interest. Over the two-year life of the investment, the Company received proceeds of US$2.6 million on an investment of US$1.3 million.

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

DIVIDEND
The Board announces that an interim dividend of 4p per share will be paid on 25 May 2018 to shareholders on the register at 13 April 2018. This brings the total dividend paid since inception to 115.6p per share.

CORPORATE UPDATE
The Board of Directors announced on 18 November 2015 that it would not make any new investments (other than further funding of existing investments where such funding was reasonably required in the interests of shareholders) and that it would seek to make distributions to shareholders in the most appropriate manner, following the completion of investments.

The Board of Directors and the Company's Manager continue to work to monetise all of the Company's remaining investments by 31 December 2018.

[neilyb675] 04/4/2018 12:06

4p interim divi

[alter ego] 04/4/2018 11:42

final results rns is out

[neilyb675] 04/4/2018 06:49

I notice strength in bid price last couple days......