Litigation Capital Manag... Share Discussion Threads

[outsider] 19/7/2005 19:09

Nice to see it move at last Tony, I suspect when we get nearer winter Oct onwards this price will be nowhere to be seen, but even before that they hint of an aquisition, the last one was on a very low p/e & earnings enhancing, so all bodes well.

[tonyx] 19/7/2005 18:48

A slight nudge up today. This is very thinly traded and any good news will send this rocketing. I bought 40k the other day-the first trade on these for a couple of weeks!

[outsider] 28/6/2005 19:05

Litcomp beats forecasts

Litcomp's* CEO, Jason Smart is a man who clearly knows his numbers and will quite happily delight anyone who is happy to listen. And quite rightly so, as his company's numbers stack up very nicely indeed. Unquoted enjoyed a fine feast this afternoon, hosted by what is fast becoming one of OFEX's more convincing growth companies. Though if the medico-legal reports specialist had hoped that the lavish luncheon would sway otherwise unconvinced journos to the beauty of its proposition, its gastronomic efforts weren't required. The company today unveiled a solid set of numbers for the 12-month period to March 31st, which stand on their own as a testament to its single-minded, profit focussed strategy.

Pre-tax profits of £197,478 were almost 50% higher than the previous year as earnings equating to 0.377p per share also represented a near 50% rise over a year earlier Sales of £3,195,249 showed a 32% increase over sales for the corresponding period last year, as the company said it was confident that the progress would continue into the current year. With an additional 40 new clients coming on board since the end of September, it isn't difficult to see why Litcomp remains a convincing proposition.

In an industry which is being forced to adopt the IDS adage of "unite or die", the medical reports specialist is continuing to win business in a market that is being forced to consolidate. Litcomp's management team were today forecasting that the medico-legal reports sector to be on the verge of a period of major consolidation. Though anyone with hopes of a quick turn from the OFEX traded company falling prey to a rival better think again, as this management is convinced it can continue to grow the Litcomp proposition further, effectively ruling out an early sale. Indeed, finance director Paul Lavender told Unquoted this afternoon that going forward, he regarded Litcomp as the acquisitor rather than the acquired. Indeed, following the success of the Cox Associates acquisition, which incidentally was responsible for attracting 5 out of the 40 new clients brought aboard since September; one would hope that Litcomp would follow up with a similarly earnings enhancing transaction.

Meanwhile, Litcomp continues to retain the support of Cattles Invoice Finance Limited, with its facility recently increased by 30% to £1.3 million, providing more than adequate working capital facilities to support the Company through its anticipated short-term growth. And what of its possibilities for growth in the coming year? Smart hinted that news was in the offing. Indeed, from conservations this afternoon, it would sound very much like the company will diversify into a new, but complimentary area of business in the short term. Value added services to the solicitors Litcomp already serves would appear to be the most likely possibility, though through which medium it will enter this latest arena, is not immediately apparent. Any hopes of an early move to AIM should be forgotten, though with serial AIM company NOMAD and broker, Daniel Stewart on board as adviser, Litcomp is clearly leaving its options open.

Today's results comfortably beat our expectations. With the prospects for continuing growth looking good for the year ahead coupled with the prospect of some encouraging newsflow in the short term - possibly a whiff of corporate activity - shares in Litcomp remain undervalued. With shareholder funds of £1.037 million - largely stemming from financially solvent debtors - the share price is, somewhat unusually for an OFEX company, well backed by meaningful assets. At 3.375p, Litcomp's growth prospects and possible corporate activity are not reflected in the current market price. The company is capitalised at a paltry £1.327 million and is one to "buy"

[outsider] 28/6/2005 07:33

This company with a constant record of 50% growth is on a prospective p/e of 5 after today's results

[outsider] 24/6/2005 14:19

Here's the news I don't think folk have cottoned on to:




News
LitComp plc - Change of Adviser

LitComp plc Newstrack Announcements 15/03/2005

15 MARCH 2005



LITCOMP PLC
(OFEX)


APPOINTMENT OF CORPORATE ADVISER


The Board of LitComp Plc, the provider of medico-legal reports, is pleased to
announce that it has appointed Daniel Stewart & Company as its Corporate
Adviser, with immediate effect.


--ENDS--




Daniel Stewart will to my mind at least, be taking this company to AIM, this share won't stay on a prospective p/e of 5 or better on AIM, expect about 125% increase if I am correct & I warn it is my speculation, having said that it's dirt cheap & solid anyway.

[outsider] 24/6/2005 10:25

Audio interview available here:

[outsider] 24/6/2005 10:23

Newsflow here:

[outsider] 24/6/2005 10:22

Results are this coming Tuesday, & they have arranged a press lunch, not something I'd do if results are not satisfactory.

[outsider] 24/6/2005 10:21

Last interim results showed Eps of 0.2p, assuming just a double to 0.4p that puts the shares on a p/e of 8, & they have delivered growth of circa 50% each year despite mostly difficult times, what's it going to be like when times are good?


Furthermore they are again looking at aquisitions.

[outsider] 24/6/2005 10:12

Litcomp On Ofex.


Turnover

2001 £334,000
2002 £1,263,000
2003 £1,756,000
2004 £2,416,000
2005 £3,195,000


Profit

2001 £2,991
2002 £49,563
2003 £89,000
2004 £108,000
2005 £197,500

[little genghis] 14/5/2004 16:11

AIMRaider,

I love the spelling mistake in your post. Is it deliberate?

LG

[artful dodger] 14/5/2004 15:53

wy not? just becus peepal kant spel dusnt meen vat they kant pik stox, dunnit?

Oh this is too tiring, I need to lie down for a bit.....

[aimraider] 14/5/2004 15:08

Why is it when people write a header for a new thread that they take so little time over it that they get the spelling wrong, or the title ends up meaningless....

It stands as a testament to illiteracy all over the world.... the English cannot spell their own language properly....

Whilst grammar can be, and is, confusing.... spelling is fundamental....

I await the illiterate and ignorant accusations of 'pedant' from those that should know better, or those that definately should try harder.... or let their kids do their spelling for them....

:@D