Litigation Capital Manag... Share Discussion Threads

[farrugia] 19/6/2023 09:59

how much is net to LCM from this win? Because that is key

[farrugia] 19/6/2023 09:59

how much is net to LCM from this win?

[muffmitz] 19/6/2023 09:46

Silly old spectoacc/adae chose a really bad time to start senselessly trolling LIT again, didn't he?

[nchanning] 19/6/2023 09:41

GreenX metals case another one that will probably get a ruling before the end of the year

[jackson83] 19/6/2023 08:57

GOOD RNS TODAy / this can't stay down for long now IMHO..


BARGAIN TIME top UP / BUY IN NOW .... I WENT long AND BOUGHT SHARES FIRST THING ..

time to close MY shorts


AND

GO lLONG / BUY

this is looking cheap!!!! now

maybe some shares tips /coverage tomorrow ?


150p seems in order at some point this year

[makinbuks] 19/6/2023 08:39

At last some positive news

[l2b] 19/6/2023 08:10

Massive win for LCM and shows the power of the third party funding model.
FY23 big profit result confirmed - let the value guys know.

We may squeeze in one more result - Judge signals approval of class action settlement with Linchpin directors
www.comcourts.gov.au/file/Federal/P/NSD939/2020/3897821/event/31445971/document/2120250

[aeu97137] 19/6/2023 07:49

Boom. Huge result.

Grossly undervalued share.

[nchanning] 19/6/2023 07:40

The news flow has been nothing short of spectacular over the last six months , certain to be a record year already for the company and still plenty of time for more case resolutions

[nchanning] 19/6/2023 07:14

Big win lads

[adae] 14/6/2023 13:40

Your yes then your no
Your up then your down

[l2b] 14/6/2023 09:54

Katie Perry (LCM funded) v pop star Katy Perry
Katy Perry appeals.
Suggests it must have been for more $$$ than I originally thought. Good times but certainly puts this case into FY24 now.

www.9news.com.au/national/katy-perry-appeals-trademark-loss-to-aussie-designer/261e0687-dc7f-4d50-b0f9-598fbfe7db3f

[johnwig] 07/6/2023 13:04

à-propos, I found this exegesis by LCM of the advantages to businesses of bringing their problems to LCM very interesting.

[flagon] 07/6/2023 12:13

The claim against Rabah was for more than $14 million, such that the liquidator stood to make significant gains if LCM succeeded, with the liquidator entitled to 15% of the proceeds of the litigation. Rabah’s essential point was that LCM still required leave because the 15% deal meant that LCM’s predominant purpose was its prospect of earning 85%.

Link :

[serapuff] 07/6/2023 11:54

@L2B - where did you see that LCM has 85% of the claim?

[robsy2] 07/6/2023 10:57

The underperformance here compared to BUR is very pronounced . I have just bought a few more LIT at 71p.

[robsy2] 07/6/2023 10:48

Thanks L2B and Someuwin for being so eagle eyed and for sharing the news. You tend to announce them before the company which could be useful for trading the shares.

Seems to me that the resolutions are coming in more frequently.Bodes well I think.
I saw this the other day about Burford, not a share I follow but I share it in case it is of interest. 3 points for me that could have some relevence to us here.
1)Burford has new adopted a more conservative acccounting approach, the market likes it . We already have that .
2) Investment Cases are maturing. This should be the case with us as well, so a read across is possible.
3) BUR share price has done well, ours has not .... yet!


Jefferies: Burford Capital could enjoy a bumper 2023
Jefferies believes litigation finance group Burford Capital (BUR) could see its assets ‘mature in earnest’ this year.

Analyst Julian Roberts retained his ‘buy’ recommendation and target price of £18.20 on the Citywire Elite Companies AA-rated group, which gained 0.5%, or 5.5p, to £10.83 on Thursday.

He said 2023 could ‘be the year Burford’s large portfolio of litigation assets starts to mature in earnest.’

‘The company has identified 61 material legal milestones affecting its assets, of which 30 are final hearing of one kind or another, and could therefore lead to near-term cash recoveries,’ said Roberts.

‘The second half of 2022 appears to have shown material acceleration in case conclusions, and this is likely to continue.’

The dual-listed stock, at the behest of the US stock market regulator, changed its accounting to incorporate the time value of money and an expected final recovery of cases.

Roberts said this has ‘listed valuations, vindicating Burford’s assertion that it has taken a conservative approach, and hopefully satisfying the market that valuations have been rigorously scrutinised.’

[l2b] 07/6/2023 10:12

1. Big win for LCM!

A purchased case from a liquidator.
LCM share 85% of $14.8m (remaining 15% to liquidator) + costs + interest
It's unclear if direct or 3PTY (2020 case is borderline).
www8.austlii.edu.au/cgi-bin/sign.cgi/au/cases/nsw/NSWSC/2023/590

2. PFAS settlement likely next FY.
www.comcourts.gov.au/file/Federal/P/NSD431/2020/3887497/event/31432939/document/2114380

3. Interesting on the google case, it didn't fail because google was not in the wrong but because action not representative - i.e. "it did not meet the bar for bringing a representative action, which requires the claim to be based on general circumstances that apply to the entire class rather than on individual circumstances, finding therefore that the claim would be bound to fail".
As pointed out, hopefully the early loss means minimal costs.

[jackson83] 26/5/2023 08:02

get ready for 60p's then 50p's


funky finance boiler room pumped it again lol ... Mateus
WARNING HE DELETED ALL HIS POSTS ON youtube wonder why ?


stating we were worth 800p



he wares a WIG & DARK SUNGLASSES WHY ???



HE IS A CON MAN



WORKING FOR THE PUMP CREWS .... THEN EXITING LEAVING THE POOR SHEEP IN THIS HOLE LOL



top up at 50p / 40p next year or sooner

[jackson83] 25/5/2023 16:35

surprisae or fill your pants time / worry no new news


sell off has begun to 50p's ??


some say we are now overvalued and thats to funky finance Mateus we all shorted above 80p's


the share price is saying g more bad news due


TRUST NO ONE NOT EVEN THE PROFILE serial numpty Mateus who scammed us out of millions s

A WIG IN DARK GLASSES surely not / where is that promised divi then


RED FLAGS


60p's due soon / next week

[jackson83] 25/5/2023 15:16

unfortunately without fresh news this will get sold off / SHORTED AGAIN


WELL DONE TO ALL THOSE that exited at 82p on the pump / boiler room crews lead by Mr WiG MAN AKA Mateus .. would you trust a man with a real wig on and sunglasses ... neither would I and he even cancelled all his youtube posts lol hmmmm


opportunity to SELL / BANK PROFITS AND SHORT IT


where is that profile of a dividend dome 2/3 years ago ?

if we test 63p / 65p


we could see 50p's top up / fill ur pants time lol


we need NEWS or an RNS or divi now

or TIME TO SELL AIMHO

[nchanning] 22/5/2023 08:07

I guess the positive is that the case was resolved very quickly by summary judgement so the costs shouldn't have been that high

[someuwin] 19/5/2023 19:08

A loss for LIT today...

[spooky] 15/5/2023 09:56

Pretty vague about their likely gain.

[l2b] 15/5/2023 07:56

Big LCM win - PFAS settles before trial - $132.7m settlement.

Costs decided later but that will be a decent one.

hxxps://www.abc.net.au/news/2023-05-15/pfas-class-action-commonsettlement-reached-with-30-000-claimants/102346274