Litigation Capital Manag... Share Discussion Threads

[spob] 01/2/2019 05:44

interesting story i agree


ST drew my attention

but this is in no way, shape, or form, a Benjamin Graham deep value bargain stock


personally i have a few strict rules

One of which is NO Foreign Based AIM Stocks, no matter how good the story sounds

so not for me


i wish you well with your investment here

as you say, it could do a Burford

all the best

[blueeyes13] 01/2/2019 05:27

spob it's clear you know nothing about this company, the sound commercial reasons for transfer to Aim from ASX in Dec, and you obviously haven't read the Hotcopper ASX thread with historical postings. go and read the AIM IPO doc too, I recommend it.
Re foreign co listed in UK, there are a number of exceptions and therein lies the opportunity. You could say the same about Somero, US based, Uk listed, but that investment turned out very well too the last few years. DGOC i also hold, US based, UK listed, again performing really well. I'll personally avoid Israeli AIM stocks in future after a less than happy time in XLM. so lesson learnt is be selective and do a lot of research.
As a holder of Burford for 2.5 years, I know this industry well, rate Nick Rowles-Davies a lot, and should they execute well from here then I believe this company could multibag several times over a 3 to 5 year time horizon.
One thing ST has overlooked from the IPO doc, NRD will be given a 4% share of the company as part of him and his team joining LIT late last year, a small dilution for a potential massive income centre for the co over the next few years, time will tell.
For transparency, i have a large core holding in BUR and have an initial position in LIT which I'll average up as (if) the co executes their plan.
Best of luck all.
Regards

[spob] 01/2/2019 04:31

hmmm ... foreign based AIM stock ?

we know what usually happens with those LOL

[hiraniha] 31/1/2019 20:55

Tipped in the IC. Should move up tomorrow.

[bigbadaussiebear] 31/1/2019 02:31

still a decent seller around at current levels..

BUR + MANO also looking good recently

[nimbo1] 25/1/2019 11:10

Just bought all the stock at 77 - 80.

[bigbadaussiebear] 24/1/2019 08:21

well as expected, here are the aussie sellers showing up now..

[bigbadaussiebear] 23/1/2019 04:32

I guess so, the top 6 holders own 50% of the float and i doubt they will be selling.

The only reason i would say is there is decent liquidity on this thing, is because while we were still on the ASX there were some holders trying to exit their positions before we listed on AIM, but there wasnt enough liquidity for them to do so.

So i think much of the selling would be coming from guys that didnt want to hold overseas companies. Most Australian investors dont have a tolerance for investing overseas. And this was apparent when the stock got traded down to 45p despite raising at 50p before delisting. Once all these old holders are out i would think the float will be pretty tight again.

I own about 400k shares and i wont be selling even though i have doubled my money in 5 months

Looking forward to see management scale the business further and hopefully turn it into a mini Burford Capital.

[nimbo1] 22/1/2019 11:49

i think liquidity is very good for £80 mil mc aim stock. I've moved prices by 10% simply by getting out of a 30k position before on some of the smaller more illiquid stocks. Here you seem to be able to buy and sell with ease. May change of course.

[bigbadaussiebear] 22/1/2019 10:34

Its pretty thin, was thin on the ASX and the IPO stock for the AIM listing went to mostly funds... i would expect some liquidity to come out over the next few weeks as ASX holders are having their shares converted to be tradable on AIM.

For me this is a long term hold.. A1 management team + growing and evolving sector + profitability is uncorrelated to the economic cycle.

Patrick is a good operator, and he has done well for us ASX holders to finally unlock some of the value for shareholders

[nimbo1] 22/1/2019 08:38

I bought a small amount here yesterday - looks like I should have been more aggressive.

[jaws6] 18/1/2019 16:11

LIT been talked in IC

[bigbadaussiebear] 02/1/2019 10:18

Australian fund managers are absolutely useless.. lots of Australian companies get taken over by oveseas companies because these guys just dont know how to value businesses, especially ones in relatively unconventional sectors such as litigation funding.

This is the reason why the company decided to move to AIM, because it will be much easier to raise capital here, and investors here know how to appreciate a company in this sector, as seen by the stellar performance by Burford Capital.

LCA, has now expanded their team and raised enough capital to double their book value since i bought into the company. As long as they stay disciplined and keep hitting the sorts of returns they have been doing over the past few years, share holders will be very happy in the long term.

If you want look into the history of its life on the ASX, you can find the companies old announcements on this site using the stock code LCA

[jonwig] 02/1/2019 09:50

Thanks for posts, Aussie. Yes, I noticed the share price uplift once it went to AIM, but the price hadn't performed so well on ASX throughout its life.

[bigbadaussiebear] 02/1/2019 09:43

This is the old companies message board in Australia

hxxps://hotcopper.com.au/asx/lca/

It was an absolute steal under 52p equivalent

the company floated on the ASX in 2016, had a very good FY18 and has since raised more capital to fund their growing pipeline.

Ive spoken to Patrick a couple of times and he is a very good operator. He is also the largest individual shareholder in the company.

There are a number of cases that are due to settle in 2019 which should provide a catalyst for higher prices.

They are very picky with the cases they chose to fund and only fund around 4% of the applications the receive.

[bigbadaussiebear] 02/1/2019 09:36

Hey guys im an investor from Australia, been long the stock since the ASX and in the process of having my shares transfered over to AIM..

We are still very much under valued compared to BUR.LSE (trading at 3 x book), MANO.LSE (trading at 3 x book), IMF.ASX (trading at 3 x book)... we are around 2 x book right now. anyone that got in on the ASX + on the 20m GBP capital raise are laughing with a 40% uplift right now while the world markets tank

[nurdin] 24/12/2018 12:08

Many thanks.

[iammiracleman] 24/12/2018 12:06

From the admission documentThe Company has successfully raised approximately £20 million pursuant to the placing of 38,461,540 new Ordinary Shares at 52 pence per share (the "Placing Price"), resulting in a market capitalisation on Admission of approximately £56.5 million.

[nurdin] 24/12/2018 10:04

I am guessing LIT listed on Aim at about 57p? Have moved up quite a bit if true.

[jaws6] 24/12/2018 09:30

hxxps://www.pro activeinvestors.co.uk/companies/news/211653/litigation-capital-management-jumps-as-it-says-settlement-reached-in-respect-of-one-of-its-litigation-projects-211653.html

[babbler] 21/12/2018 17:43

Impossible to k ow when only listed a month

[solonic] 21/12/2018 16:40

Pump n Dump?