Litigation Capital Manag... Share Discussion Threads

[bigbadaussiebear] 16/4/2021 11:20

Where is everyone? Sold out already?

[bigbadaussiebear] 12/4/2021 22:25

600k volume and only 20k went through at 77p and it closes there... Someone's trying to shame a few more out...

[bigbadaussiebear] 07/4/2021 08:54

Thanks for the cheap shares MITON

This looks like its finally heading to a fairer value now...

Let alone pricing in the future potential earnings...

[sambessey] 06/4/2021 14:10

Aye looking strong... lots of upside yet I feel...

[bigbadaussiebear] 06/4/2021 08:58

Nice push today...

[scubadiverr] 28/3/2021 20:57

https://www.investorschronicle.co.uk/ideas/2021/03/26/exploiting-a-valuation-anomaly/"LCM's share price is trading at the entry point in my 2019 Bargain Shares Portfolio and well below my fair value of 120p even though management is delivering. Buy."

[greenknight1] 26/3/2021 13:46

Just another good opportunity to get more - at least it's pay day!

[bigbadaussiebear] 26/3/2021 12:36

Yawn short sighted pip traders selling a life changing investment opportunity

[tomps2] 23/3/2021 14:35

#LIT H1 21 full institutional results presentation by Patrick Moloney, CEO, Nick Rowles-Davies, Executive Vice Chairman, and Mary Gangemi, CFO.

Video:

Podcast:

[shanklin] 23/3/2021 14:34

Longer results presentation.

[bigbadaussiebear] 23/3/2021 00:25

Just more short sighted sellers that will end up regretting it with time... Just like Miton are probably already... Up 40% from where they sold the bulk of their stock

[warno01] 22/3/2021 23:47

Or more likely profit taking after a 25% rise in just a few days having been in 60s and 70s for last 12 months.

[jojaken] 22/3/2021 14:04

According to Stockopedia's data LIT has had it's forecast earnings for this year and next cut over the weekend, by -1.62p to 8.80p this year to Jun 30th and by -1.73p to 14.71p for next. This may account for as much as the profit taking in today's fall IMO.

[leadixon] 20/3/2021 19:17

don’t think I’ll be getting my buying dip before end of tax year, has had much more momentum than I was expecting, but definitely doing me wonders as my biggest holding given the ETF space has taken a hammering last few months.

[shanklin] 19/3/2021 16:19

Any idea when the next update will be please? I am guessing early July for a TS relating to the FY unless management have specific news re funds, case outcomes, etc.

[scubadiverr] 19/3/2021 16:15

No Petersen, which could be a positive or a negative. But does mean that it isn't a distraction LiT much smaller scale but with ambition to scale. Future AUM and balance sheet likely, imo, to grow quicker percentage wise than Burford. I'm in both but a much greater weight in BUR. This doesn't at the moment use FV accounting which many here see as a positive. I trust BUR in their conservatism so see it as a negative as makes LIT harder to value. When valuing, CEO encourages use of ROI and IRR, which are higher than BUR historically, but board admit that these metrics are unlikely to be maintained as they scale so not ideal, but no more difficult than Burford!

[riverman77] 19/3/2021 15:38

As someone who is not particularly familiar with the company, what is the attraction of this versus Burford? Burford are the established leader in this field while LIT seem to be more a work in progress. Valuations look broadly similar depending how you measure it.

[parob] 19/3/2021 15:15

That close above 80p was significant.

[se81] 19/3/2021 09:09

No prescribed time frame. Those 2021E suggest an incredibly strong second half, let’s just hope LIT m’ment have provided some input/guidance there

[warno01] 18/3/2021 22:43

Thanks se81. Been trying to grab off the Arden website all day. 1 - I can't find it, so 2 - I can't read it. Does that 140p target have a time frame on it. 12 mths, 24th mths?

Cheers

[se81] 18/3/2021 15:46

Investment thesis and valuation - We continue to believe that LCM
provides the cleanest and simplest equity story amongst the listed
litigation funders at the most attractive valuation considering strategic
execution on third-party funds to date and overall scaling of funds
under management (direct and TP). While settlements remain lumpy,
exacerbated by slippage due to COViD, at 1.6x FY21 P/BV with good
credit and equity funding, demonstrable ROIC of 100%+ and rising
deployments, we see plenty of upside in the shares. Reiterate buy

TP 140p 2021(E) Sales (A$m) 62.3, adj PBT (A$m) 14.4, adj EPS (c) 9.9

[bigbadaussiebear] 18/3/2021 14:20

Managed to get a piece of the first of 5 pages of the report

Sharing below

LCM released interim FY21 results that showed operational progress in deployments and commitments albeit with headline financials that reflect phasing of case settlements and associated timetable slippage due to COVID. The litigation contracts outstanding provide a huge store of value in our view and the maturity of the claims portfolio suggests likely renewed progress in settlements which should drive substantial capital appreciation in the shares over the next 12 months.

[williamcooper104] 18/3/2021 13:23

Yep - I couldn't see it either

[bigbadaussiebear] 18/3/2021 10:38

Arden partners just published a research note on LIT

I can't access it as a retail investor from Australia.

Does anyone have access to it?

If so please email it to me at threeonethreecapital(at)gmail(dot)com

[leadixon] 17/3/2021 22:46

I definitely wasn’t expecting that step up in end of day trading, more bullish than expected.