Litigation Capital Manag... Share Discussion Threads

[someuwin] 05/5/2021 10:36

Chart bowl formation heading to retest all time high of 116p. Then we'll into clear blue sky territory.

[74tom] 05/5/2021 10:28

Good to see some new names here. Looking really good today - majority of market makers are at 97/98 so shouldn't be long before we break higher :) Once the £1 is broken things will start to get interesting.

[bigbadaussiebear] 05/5/2021 09:23

Huge demand still here... Won't be long till we over 100p

[hpcg] 05/5/2021 08:35

Shows good demand with R&M managing their position and the price heading higher when they have the taps closed. I don't know what their target position would be but today's action thus far shows that supply is, on the whole, constrained.

[trotterstrading] 05/5/2021 08:21

New position for me after researching over the weekend. I think it has the makings of a 10 bag return over the next 3/4 years

[bigbadaussiebear] 04/5/2021 12:39

I'll back the Aussie fund that bought 10% of the company all the way up to 75p and has been a shareholder since 2016.

Collin Street showing how its done. Buy hold and hold and hold

[74tom] 04/5/2021 11:31

Interesting that River & Mercantile sold 800k shares into last weeks rise, explains why the brakes were applied in the 90's. They did state in a Vox markets interview on the 27th that LIT was one of their largest conviction holdings, so I assume this is a tactical reduction to prevent the position becoming too large. After all, at the turn of the year 6.4m shares @ 65p = £4m vs 5.6m shares today @ 89p = £5m.

[someuwin] 03/5/2021 12:58

Arden - 18 March 2012

"Litigation Capital Management Buy

Storing up value – Realisation over next 12 months

BUY Target Price: 140p

* Storing up value – 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. The funding applications, third-party fund commitments and progress on another third-party fund provide evidence of excellent opportunities to put capital to work and provide strong catalysts for the Group in coming quarters. Buy.

* Outlook – We rebase our FY21 expectations given the interim results and the likely phasing of dispute settlements, many of which have been impacted by COVID. With the Group’s investments from its IPO capital reaching the average case maturity, the pent up resolutions should start to flow. Combined balance sheet investments from FY19 and FY20 total $69m (ex GARF investment) and thus we would expect to start to see accelerating realisation of settlements in coming months as lockdown measures are eased. With returns on capital of well over 100%, historical IRR of 78% and a disciplined, managed underwriting process which supports ongoing strong returns, we expect the Group is poise to accelerate financial returns from here. That said, the irregular timing of case settlements results in forecasts which are clearly subject to variance. However, the market should start to focus more on value creation over time as settlements increase and the strategy is proven.

* 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."

[bigbadaussiebear] 28/4/2021 08:44

Need to send Miton a thank you card...

[someuwin] 28/4/2021 08:14

Worth looking back at the early days of BUR. Price went from pence to £20.

No reason LIT can't follow a similar growth path.


free stock charts from uk.advfn.com

[74tom] 28/4/2021 08:13

If they could announce the closing of the long awaited second fund then we would really be in business...

[scubadiverr] 28/4/2021 08:09

We all knew this had a crazily cheap valuation (and still has) but I for one didn't expect the share price movement of the last couple of days. Hold for gold the journey is just beginning

[scubadiverr] 28/4/2021 08:07

You should read this if you think they don't have competition.. https://traviswiedower.com/2021/04/20/burford-capital-is-by-far-the-most-undervalued-company-i-know-of/?blogsub=confirming#blog_subscription-2

[tongosti] 28/4/2021 08:07

Been building a position yesterday and today in light of huge volumes / fundamentals / phenomenal chart setup. This is a very high probability low risk entry point chaps. GLA and over to you Mr Market.

[bigbadaussiebear] 28/4/2021 08:00

This is what euphoria feels like

[bigbadaussiebear] 28/4/2021 07:59

Suck a fat one haters

[sambessey] 28/4/2021 07:20

Looking very strong - 100p today?

[stevie31] 28/4/2021 06:31

I too watched the presentation and felt that this company is well run with little competition at present. The economics also seem to be in their favour at present.

[leadixon] 27/4/2021 20:35

If we can maintain above this 85p for a few weeks I think we good. Luckily topped up on the dip and will continue to do so as we go along, but looks like the float getting picked up which is great to see

[someuwin] 27/4/2021 14:06

Chart suggests bowl formation will play out to 120...And beyond!

[74tom] 27/4/2021 08:40

The secret sauce here is the compounding effect. That's why it has multi billion pound potential. Once they have the second fund open, cash from the maturing investments that they made at IPO can be reinvested as capital. External funding such as the $50m credit facility won't be needed going forwards as soon as settlement momentum picks up. The outperformance fees generated by the asset management will turbo charges the impact.

[thelongandtheshortandthetall] 27/4/2021 08:35

Why I think this UK Small Cap Stock will be my Next BIG Multibagger!
Litigation capital management.

Good break down. I didn't appreciate the latency of income.

Chart wise. Its a beautiful bowl :)

[jamessmith23] 27/4/2021 07:53

If this does go through 100p in short order and it can be put down partly to the video then fair play to all holders! I have no issue with not making the gains on a share I don't know very well, and I agree the video was very informative so no bad feelings at all, just find it a little concerning the ease in which some people can be led, particularly in current markets.This will be one to look into more for me and potentially invest down the line, if it really does have billion market cap potential then getting in at 100p vs 83p isn't going to be too much of a problem. Will also definitely give his channel a follow, he added a great level of enthusiasm and humour to the whole thing

[bigbadaussiebear] 27/4/2021 07:51

Going to 100p soon as expected...