Litigation Capital Manag... Share Discussion Threads

[davr0s] 05/7/2021 19:02

Not remotely interested in his opinion (or, and I don't mean to offend anyone), anyone else's

[enronhubbard] 05/7/2021 17:37

Who is this Jonwig fellow and why do so many people here mention him?

[blueball] 05/7/2021 16:56

Some big buys at the close today.

[brummieloser] 04/7/2021 08:52

Good post, as ever, 74tom. It was BUR's tackiness, just like that of jonwig and his fervent "followers" that brought it down. Still he and they paid heavily for it, didn't they? Ig-Nobel prize for LIT, he said! Ha Ha.

[greenknight1] 03/7/2021 23:26

Yes, the latest funky vid. There are a few interesting growth points made by Patrick in there. He also mentions that if a decision to enter the huge US market was made, it would like be by way of acquisitions of existing players (also a mirror of what Bur did).

[74tom] 03/7/2021 10:37

@greenknight, agree completely. Which YouTube video was the $600m third fund mentioned in? The funky finance interview?

It’s exactly the same path that BUR & Omni Bridgeway took from 2016 onwards, and which saw both business re-rate considerably. The difference is that we don’t have issues with fair value accounting to confuse the investment case.

Imagine a scenario where in 18 months time time we have fully committed the second fund of USD300m and just agreed the third for USD600m.

Material cases from the first USD150m fund will be approaching settlement (33 months since the fund was signed off), in the interim many cases that were funded between IPO & third party fund should have also settled successfully.

AUM in US dollars would be several multiples of today’s level.

BUR had market cap growth of;

2014: £385m
2015: £588m
2016: £1472m
2017: £3239m
2018: £4618m

This was mainly achieved via leveraging their investments through bond issuances, before a massive $1.6b third party fund was agreed at the end of 2018. We know what happened next, as fair value accounting + Petersen + Muddy Waters combined to cast a huge shadow on their trustworthiness.

We are following a different path. No revenue vanity, our success will be measured on completed cases and AUM. If executed well then should lead to similarly spectacular growth.

[transhoneyqueens] 02/7/2021 15:46

hope to average down at 80p soon lol

[jackson83] 02/7/2021 15:06

any reason for the share price crash today ?

[hotaimstocks] 02/7/2021 12:40

this was 55p just 5 months ago .. king of 10 x baggers funky has put us on the map .. what a nice man he is.

[greenknight1] 02/7/2021 09:21

The new fund, I believe is days away from being announced. What also excites me is that in the recent YouTube video Patrick talks of a third fund of $600m. This company is going places.

[someuwin] 02/7/2021 08:39

Litigation Capital Management: Market conditions, opportunities and portfolio progress

Jul 1, 2021

[transhoneyqueens] 01/7/2021 23:54

Funky bought at the 50p / 60p level so why pay more lol.

[davr0s] 01/7/2021 17:13

Hate to disappoint but it may not fall that far back - the best ones don't

[transhoneyqueens] 01/7/2021 17:09

waiting to top up at 100p / 110p

[74tom] 01/7/2021 16:51

It's had similar pull backs many times during the recent re-rate, BUR did exactly the same during it's huge run... news of either the new fund, new investments or current case settlements will drive us higher, the interim days will be consolidation. Simple :)

[davr0s] 01/7/2021 16:44

See told you so lol

[transhoneyqueens] 01/7/2021 16:40

looks like some big fish sold out at 135p after the 100% rise thanks to funky.

[hotaimstocks] 01/7/2021 13:33

people are buying the dip as we move above 133p now... funky won't let his followers down ... onwards to 145p this week .. 700p within 2 - 10 yrs hopefully

[transhoneyqueens] 01/7/2021 13:25

looks like we will have to wait 3/5 years ... bottom draw stock or buy the dips to 100p

[someuwin] 01/7/2021 08:32

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

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

(At £20 BUR was valued at over £4bn. LIT currently valued at less than £150m)


free stock charts from uk.advfn.com

[davr0s] 01/7/2021 08:31

No idea just riding the trend, though i tend to reach for the sell button once people starting predicting where it's going :)

[sambessey] 01/7/2021 08:29

Chart looks fantastic... 150p by end of week GLA

[sambessey] 01/7/2021 08:29

Chart looks fantastic... 150p by end of week GLA