Litigation Capital Manag... Share Discussion Threads

[riverman77] 20/2/2023 16:16

Article states profit of £7m but of course it should be in AUD (and 6.3m not 7m}.

[mighunter] 20/2/2023 16:02

hTTps://www.cityam.com/kpmgs-carillion-settlement-generates-7m-profit-for-aussie-litigation-funder/

[jonwig] 20/2/2023 14:48

Doh!

Yes it was, but it appears today as a new RNS-R on my ADVFN portfolio list. Hence my confusion.

[riverman77] 20/2/2023 14:43

The 'companion' announcement you refer to was released back in December.

[trollwatch] 20/2/2023 11:31

Duplicate,sorry...

[trollwatch] 20/2/2023 11:23

I have just seen this post from our revered founder on a completely different thread, (Ediston Property) some time ago. Good on him, I say......


Johnwig 2 Aug '22 - 11:30 - 1254 of 1434
0 4 0
Oh hello speccy and Winnie (BTW where is bradfordwig?). I'm feeling great, just sold one of my USA properties (Naples FL 34108 Gulfshore) stonking market currently, $16m! Bought it 5 years ago for $5m, spent $1m, and in the meantime had great times there with family.

As you know I have never had to pay CGT on any of my share profits,(sic,lol) over the last 24 years (everything in PEPS and ISAs about which you know nothing of course). Different story in the USA though. On completion they force you to pay a large wodge into escrow against your potential gains calcs, 20% max.

Still joyful, though. One day one or both of you might make a bob or two on your little REITS. Having seen all your posts over the years you should not hold your breath.... I prefer the real (geddit?) thing.

P.S. I've just repatriated some of my profits. Great timing eh? Got 83p sterling for each dollar. Hey Ho.

[scubadiverr] 20/2/2023 10:49

I think you'll find your supposed "troll" (whose name you imitate!) actually posted on this board regarding the Poland case prior to LCM's announcement.

Regarding the Comet truck case there is a potential spanner in the works, although I can't imagine it will be successful.

hxxps://www.supremecourt.uk/cases/uksc-2021-0078.html

[kallistos] 20/2/2023 09:37

Very good news, I'd say!

[jonwig] 20/2/2023 09:28

Brad_K - not just on ADVFN.Investegate, too, is missing some content (but that's not unusual). This is a companion RNS with more general news:

[johnwig] 20/2/2023 09:24

Old jonwig 'omitted' to mention this second announcement by LIT. Sounds like pretty good news to me!

[triktrak] 20/2/2023 09:24

NatWest shares and a surprise price movement

hxxps://www.ii.co.uk/analysis-commentary/natwest-shares-and-surprise-price-movement-ii526987

[brad_k] 20/2/2023 09:19

Bigalan3, there seem to be some problems with the trading datas coming through to ADVFN this morning.

[johnwig] 20/2/2023 09:09

TWO very encouraging announcements from this fine company:






Only one linked by the troll on the 'other' thread.

[brad_k] 20/2/2023 08:16

Cheers gk1.

[bigalan3] 20/2/2023 08:10

Is advn working today.

[greenknight1] 20/2/2023 08:08

You are adding up the rev not the return

[purplepelmets] 20/2/2023 08:07

clearly a credibility issue. more skeletons in the closet to be discovered than an halloween episode of scooby doo.

[brad_k] 20/2/2023 07:59

Maybe I Need some help with the maths, but how do they get a Gross Profit of 6.3m in the LCM column. Looks like 8.6m to me.

[spectoacc] 20/2/2023 07:35

The performance fee to LIT is great, but the actual fund return seems a bit paltry.

[mighunter] 20/2/2023 07:28

Nice to see the first resolution from the fund structure juicing the return for LCM

[jonwig] 20/2/2023 07:13

Settlement of Carillion claim:



75% carried within a fund.

[scubadiverr] 17/2/2023 18:05

With that and the Poland case we should be seeing some rather nice uplift in profits in the next updates

[74tom] 17/2/2023 17:54

"The settlement deal was confirmed by both sides on Friday but its terms were not disclosed.

In its UK accounts for the financial year ending in September 2022, published this month, KPMG made a provision of £179mn to cover the cost of future fines and legal claims.

The figure had risen from £92mn two years earlier despite the conclusion of several regulatory investigations since 2020."

Interesting to re-read another FT article from the date the funding was announced;

They were very dubious about whether the claim would succeed, well they have now been proven wrong - so it's a win for LIT and Carillion stakeholders.

Based on the £179m they had provided for I'd expect this will provide a nice gain, but let's see if an RNS arrives...