Litigation Capital Manag... Share Discussion Threads

[the air marshall] 03/1/2023 11:09

Oddly enough the BUR price has taken benefit from the LIT "news". The whole sector seems to move in unison. There is no justice is there?

[scubadiverr] 03/1/2023 10:31

Solonic on the other thread is joHnwig btw. He's using many aliases, the thread is far from being for honest posters. My advice is don't use the thread

[solonic] 03/1/2023 10:26

As ever, and for the medium term future, the price (up today) is not driven by any significant volume. We are at the mercy of those that capriciously decide these things on a daily basis, presumably the Market Makers, the pantomime villains of the small investor.

However I think it cannot be long before real news and real volume will drive this beauty upwards and onwards. Let's hope LIT sticks to its honest accounting methods and doesn't get tarred by the maleficent BUR brush, which has affected the whole sector mightily over recent times.

[tradertrev] 03/1/2023 09:41

Dunno, but Chancery was all hot air and no substance, so I wouldn't be worried if I was a shareholder.

[bigbaggy] 03/1/2023 09:34

I read over the holidays that Matthew Denney - LCM Head of Origination for EMEA has just left to join a start up. After Nick Rowles Davies ignominious departure, is there anyone left from the UK Chancery Capital business that LCM merged with when they did their AIM IPO in December 2018?

[robsy2] 03/1/2023 09:13

I keep buying.

[pigeonfeeder] 03/1/2023 08:54

The update is a response an enquiry made by the ASX as to why GRX’s Australian listing increased so much.

The company has pointed out that the decision of the tribunal is confidential and there is no new information on this. However the company has noted that there is speculation in the Polish press regarding the case. There is more information about this on the Australian share forum ‘hotcopperR17; for those that are interested.

[someuwin] 03/1/2023 08:40

GRX up 28% on update on its £700m claim against Poland. LIT funding the case so due a big payout.

[jackson83] 30/12/2022 07:49

WE NEED a LARGE BUYER ..
















































































































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[jackson83] 30/12/2022 07:48

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[jackson83] 30/12/2022 07:47

hopefully BUYERS will arrive today

[jackson83] 30/12/2022 07:46

buyers need as I need to SELL today

[jackson83] 29/12/2022 10:13

1 trade lol...
its friendless again ... any selling and we could see 60p top up

[jackson83] 29/12/2022 04:55

I will add more at 63p again if the selling continues / this share is under the radar still

[jackson83] 28/12/2022 23:55

we live in hope as this drifts back down now ... we need buyers ASAP

[adamb1978] 22/12/2022 20:20

Still follow LIT despite selling this summer. The recent announcement did read well to me, however they still badly struggle with communicating the route of news to value in my view. Very difficult to forecast the business, or too difficult for 90% of investors I'd suggest, and that lack of visibility was one of the reasons I sold.

I think there's simple things they could do, such as rather than quoting the ROIC back for the last 10 years, perhaps give data showing rolling 5 year cohorts (eg investments between 2010-15, 2011-16, 2012-17 etc)

I hope for holders they manage to solve this issue as to me it doesnt feel that the market price reflects the potential of the business...but til they help people value it properly, I dont see that changing

[jackson83] 22/12/2022 16:44

give it 5 years to see if we can get to 700p

[jackson83] 21/12/2022 20:46

this as always is a painful share as the profit takers / shorters move in after the epic rise ... maybe test 63p soon

[kallistos] 21/12/2022 16:59

Whoever sold a 64,000 package of LIT today got by far the lowest price of the day, LOL!

Probably spectoacc or one of his genius Yorkshire buddies, jonwig or Jeremy Clarkson.

Makes up a bit for the drop.

[jackson83] 20/12/2022 23:33

wait for it to drift back to 64p B4 adding more

[pigeonfeeder] 20/12/2022 21:52

Tomtrudgian what are you on about?

No one is suggesting LCM gets the damages and no LCM are not 'undoubted experts in forensic discovery of hidden cash'. They are not liquidators and so do not deal directly in liquidations!

They provide funding for legal cases with a high return on the amount of funding should the case be successful.

[tomtrudgian] 20/12/2022 20:50

Comet failed in 2012, and it is the liquidator (then a solicitor, now a partner in FRP) who gets the damages if the appeal fails, not LCM. The Comet owner bought the business from a large French company who gave him ‘soft’ loans to buy it. The loans were repaid just before liquidation, and the court had to decide, if the two parties were friends as alleged, was this fraud on other creditors? Nothing to do with LCM.
LCM have only been involved since June 2021 as the undoubted experts in forensic discovery of hidden cash, and paid on results. They are probably still too small to deal with liquidations the size of Comet

[johnwig] 20/12/2022 10:10

Wise words, Maddox. The truth is that in the last six months' drop there hasn't been any concerted selling that I can discern. Basically it's been an inert lassitude dribbling the share down on very little trading.

[maddox] 20/12/2022 09:04

Excellent news and whilst the cash is some way away - it gives an indication of the potential in the portfolio LIT have created. Legal cases and settlements take time to come to completion and the portfolio is young so we will indeed need to be patient, as Buffett said:

"The stock market is a device for transferring money from the impatient to the patient."

As impatient shareholders get anxious, in the absence of news, and sell the share price down - the better the out-turn for those buying-in with a longer time horizon that will reap the rewards.