Litigation Capital Manag... Share Discussion Threads

[siddiqur2] 27/7/2023 14:20

After todays news should head up to 98p again

[74tom] 27/7/2023 13:20

Yep, no stock available. In all honesty it should be trading at >£1 right now based on the potential for increased future market share & the strongly diversified structure.

"As a management team, fully endorsed by the Board, we continually focus on portfolio diversification. The Company believes that this decision will have a potential positive impact on our future market share, given the lack of diversity in a number of our key competitors."

[someuwin] 27/7/2023 13:06

Can now buy £3k. But not £4k.

[goforgold1] 27/7/2023 11:55

Take a look here. Interesting . 50% held by company. .Great Southern Copper identifies high-grade copper. GSCU . High-Grade Cu in Rock Chip Samples up to 3.39% Cu from Abundante Mine Prospect. .4 million market cap 10 million give you 5p easy.

[someuwin] 27/7/2023 11:52

Divi to be announced with results currently equal to 2.65%

[luweiluwei] 27/7/2023 10:20

"they" are good riddance.
Hope they stay away and that the shareholder base in this company is one that knows what they've invested in.

[someuwin] 27/7/2023 10:08

I see this as a very positive hint...

"As the CEO, I am looking forward to discussing our performance in detail when we release our full year results."

[chucko1] 27/7/2023 09:28

Contrary to what I thought might be the case yesterday afternoon, there was no single large panic sale, but merely a lot of AT trades and some 50k "get me out of here" trades.

They (who are "they", I wonder) say it's better to be safe than sorry, but I would not want to be the junior portfolio manager explaining why I panicked in the face of the then (and certainly now post-management-statement) available information.

[citywolf1] 27/7/2023 09:16

Indeed @riverman77. We went from almost touching 100p to having a bid in the 60s yesterday, over nothing!

My theory as to why we got hit but no one else did is that our name may have been the issue here. The market/algos maybe saw the news and saw a small stock "Litigation Capital Management" and thought aha these guys must be cooked! Unless there was a big holder who panicked, but feels less likely as a big holder should know the deal here

[74tom] 27/7/2023 08:20

100% agree Riverman77, the most disconcerting part of yesterday was the volume & frequency of the selling. Once support at 80p broke it was hard to ignore. As it transpires this looks to be a major positive for us as it will cause competitors all sorts of problems. Time to switch off until final results in September when I suspect we will trade significantly higher.

[someuwin] 27/7/2023 08:16

Added another big chunk

[ntv] 27/7/2023 07:49

A very clear response from LIT this morning
I am guessing this was picked on by a group of shorters yesterday so presume this is going to be very volatile whilst they are about

[nchanning] 27/7/2023 07:29

Guess somebody smart was buying 5 million shares yesterday but took me beyond 430 to get the confidence this wasn't a problem for LIT, having been kicked in the nuts once before by Burford

[someuwin] 27/7/2023 07:10

Perfect response. No downside to LIT and maybe even a positive.

"The decision neither came as a surprise nor does it pose a risk to LCM's current investments or its business model. As stated above, we welcome this as a potential positive differentiator."

[jackson83] 27/7/2023 02:34

WE could all see it coming

[williamcooper104] 26/7/2023 22:06

Small market cap so guess one or two larger shareholders panicked I've been out of LIT recently - got bored - will see if can grab some tomorrow In any rational market there ought to be a big gap up

[wolstencroft] 26/7/2023 20:24

I hope I can buy a few more before the share price recovers.

GLTA

[boozey] 26/7/2023 20:19

I always had LIT as a bit of a dead cert based on their business model which was rather foolish since there is no such thing as a sure bet in the stock market and today’s carnage was a good lesson on that point. Really bizarre how LIT was so hard hit by this ruling and no other company in the sector was affected. I am sure the company will make some form of announcement at 7am tomorrow morning to explain the situation to calm nerves. If they don’t that would be rather worrying.

[ntv] 26/7/2023 19:42

Thanks johnwig
It would be nice of the company to give us their thoughts before the mkt opens in the morning

[wisecat2] 26/7/2023 19:37

How much business do they do in the uk and forecasts going forward please

[warno01] 26/7/2023 18:33

Bought a very helpful 5000 extra shares at 75p. More dividend. Shock to the system, but the underlying business is growing rapidly. Limited impact on business in short term as per Maloney's comments. Anticipate seeing this back up to 87-88p tomorrow