Share Name Share Symbol Market Type Share ISIN Share Description
Juridica LSE:JIL London Ordinary Share GG00B29LSW52 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 11.025p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
10.80p 11.25p 11.025p 11.025p 11.025p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -30.6 -27.8 - 12.20

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Date Time Title Posts
11/1/201815:28JURIDICA INVESTMENTS :::::::: Litigation Funding1,159
01/8/201611:50*** Juridica ***-
16/12/200911:12Juridica - Litigation Assets, capital growth and a decent dividend1

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Juridica Daily Update: Juridica is listed in the General Financial sector of the London Stock Exchange with ticker JIL. The last closing price for Juridica was 11.03p.
Juridica has a 4 week average price of 10.88p and a 12 week average price of 9.80p.
The 1 year high share price is 18p while the 1 year low share price is currently 7.25p.
There are currently 110,701,754 shares in issue and the average daily traded volume is 71,442 shares. The market capitalisation of Juridica is £12,204,868.38.
pbanus: @nigelmoat. I think the market makers know something here. £50k of stock sold recently and the share price didn't fall. Today twice the volume of sales to buys and the share price rises?? Just patience needed on this one I think. Juridica have stated that if they don't wind up by 31st Dec '18, they'll give a market update by 31st Dec. I suspect they won't do the full liquidation, but will announce a dividend perhaps payable in January, with another proposed date for full wind up.
pbanus: Interesting to see that someone dropped £50,000 of stock today and it didn't move the share price...
pbanus: @ Neilyb675 Do you mean investors will achieve 10p as at 31 Dec'17 when the fund is due to be wound up, or do you mean a 10p dividend on top of the existing 10.5p share price, meaning a total payout of 20.5p for share holders on the register when the decision regarding the wind up value is made (assuming it is wound up by 31st Dec'17? Given the existing NAV of 17.93, which hasn't been updated for a few weeks now, it would appear there is considerable upside in terms of purchasing something in the region of 18p of value for 10.5p for a holding period of just over a month.
nigelmoat: Share price here has risen by over 30% during October. With only 11 run off outstanding cases some people close to the coal face must have a fair insight as to the likely final payout. Wonder if that's what driving the rise?
babbler: Not really as share price would drop by divi to 8p at the time. Great if you were in before today but not so much otherwise...
speedsgh: Investment Trust Watch: damning verdict on legal fund - HTTP:// ... 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.
nigelmoat: The buying interest and tick up in share price continues here.
mortimer7: 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.
speedsgh: Simon Thompson (Investors Chronicle) has updated on JIL today with a HOLD recommendation. Worth a read. Juridica’s bumper cash return - HTTP:// [subscription required] "The bottom line is that with several of these remaining investments offering potential to surprise on the upside, and with Juridica’s share price effectively backed by 40p a share of cash, of which 32p will be returned to shareholders shortly, I would recommend holding onto the shares for news of further case settlements if you followed my earlier advice. Hold."
davebowler: EventJuridica's interim results for the period to 30 June show a -21.5% NAV total return for the period to 30 June 2016, in Sterling terms NAV total return is -14.3%.  As the company's assets are denominated in US dollars, we estimated a c. 1% NAV boost following the sharp fall in Sterling following the UK referendum result. The decline in NAV is substantially attributable to a net unrealised loss of US$23.8m generated by a write down in investment valuations. Total comprehensive loss for the period is $27.2m, $0.2467 or 19p per share. As at the end of June, 13 active investments remain in the portfolio; five involving litigation, four patent cases and four concerning collateral, settlements or investments in entities tied to litigation. In respect of the litigation cases, revaluation followed 2 litigation investments being written off over the period contributing a realised loss of $800,000 to the total comprehensive loss figure; a further two investments received adverse primary decisions and are being appealed. For the patent cases valuations depend on market conditions and have been adjusted accordingly. The main valuation movements were a result of the reassessment of the timing and probability a successful resolution of the remaining investments. Two significant cases were settled over the period, as announced in April. These generated total net proceeds of $46.5m. These were the final two cases in the anti-trust and competition investment, one case reached settlement during trial, resulting in gross proceeds of $69.1m; net proceeds of $46m were received in July. A partial settlement was reached in the other resulting in gross proceeds of $600,000; $500,000 of which was received in July 2016, with the final $100,000 expected before December 2017.  Liberum viewThe company adopted a run off strategy in November 2015, having concluded that the company as it is currently structured does not allow it the scale and complexity required to continue invest in the sector, the company does not allow reinvestment of returns and it has been unable to access significant capital.   Under the run off strategy the fund will make no further investments and manage existing investments to their conclusion before returning capital to shareholders. It is hoped that the that the remaining cases in the portfolio will be resolved and monetised by December 2017.    We calculate a c.30% NAV total return from inception to 30 June 2016. Following the receipt of $46.5m net proceeds from the two cases outlined above, the company has declared 32p dividend per share, ex-date 15 September 2016. Taking this dividend into account, total NAV return will be c. 62% from inception.Having been up 59% since the start of 2016, the company's share price fell sharply following the publication of these results, closing down 32% yesterday. The company now trades at a c. 20% discount to the 30 June NA
Juridica share price data is direct from the London Stock Exchange
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