Litigation Capital Manag... Share Discussion Threads

[transhoneyqueens] 09/9/2021 11:58

looks live man the life boats before the crash !!!

[trotterstrading] 08/9/2021 16:21

Should be a massive jump in Revs announced on the 21st! I think the market may finally sit up and take notice. Also can't be long now to close out that second fund $300m targeted in Q3!

[hotaimstocks] 08/9/2021 09:45

NOT AGAIN...
looks like we may be able to top up again at 93p soon lol

[shrewdmole] 05/9/2021 22:43

Instead of trying to value it on normal parameters I’m building a stake as a hedge against general market conditions.

The uk property market is close to one of the highest falls we will have seen and the general economy reached the peak of consumerism about 18 months ago.

I can see more funds taking positions here also as a hedge against general market sentiment.

[maddox] 05/9/2021 17:59

'KPMG could face £2bn legal claim over Carillion collapse
The estimates of the potential fallout come as KPMG has been told to appear before a disciplinary tribunal over 'false' information claims'

[adamb1978] 05/9/2021 09:25

Hi GreenKnight

Figures are from CapitalIQ (and S&P subscription database which I have access to through work)

Valuing these guys is challenging but I think a NAV multiple is a useful data point, with the number of times NAV reflecting the future value realisation from the cases which are working their way through the process. Their cash proceeds are obviously linked to the capital which they have invested, and that capital is equivalent to equity (NAV) (plus lt debt). The new funds obviously complicate that, not just from a capital invested perspective but also the kicker which they get based on the returns of the funds, which could be considerable.

Adam

[transhoneyqueens] 05/9/2021 07:50

this is a very strange share price action.

[greenknight1] 04/9/2021 23:47

Thanks Adam - can you direct me to your source? I also don't think NAV is the way to value this company due to the way they carry out their accounting. I would like the company to provide estimates for returns based on their metrics and expected time periods - obviously with the caveat that it is difficult to know for sure.

[adamb1978] 04/9/2021 19:57

GreenKnight

To answer your question, the forecasts which I can see are A$53.5m turnover and 9.8 cents EPS (however I dont think this should be valued using the P&L). Consensus NAV is 81 cents per share but I think thats misleading as its just the interim figure

Adam

[hotaimstocks] 04/9/2021 07:17

could hit 130p this month

[hotaimstocks] 04/9/2021 07:15

TIP from M.A.B

[jackson83] 03/9/2021 21:51

REASON FOR ????
shorts being closed cause a temporary spike in the share price today

[shrewdmole] 03/9/2021 20:16

Could be an extra ordinary few weeks

[trotterstrading] 03/9/2021 19:09

Strong finish days high paid in auction, bodes well for a good week ahead

[farnesbarnes] 03/9/2021 15:34

RNS Monday?

[tomps2] 03/9/2021 12:48

Litigation Capital Management FY21 results webinar

Patrick Moloney, CEO, Nick Rowles-Davies, Executive Vice Chairman & Mary Gangemi, CFO will present FY21 results followed by Q&A.

Wednesday, 22 September, 9:00am

Register here:

[trotterstrading] 03/9/2021 12:37

Moving now!

[someuwin] 03/9/2021 09:03

"...Take the best performer, River & Mercantile UK Micro Cap Investment Company (RMMC), whose managers target companies with a free float of between £20m and £100m that look seriously undervalued with potential for substantial growth. Some 40 per cent of its assets were tied up in its top 10 holdings at the end of June, with just 38 holdings in the fund overall. Its top three holdings at the end of June, Sigma Capital Group (SGM), Science in Sport (SIS) and Litigation Capital Management (LIT), made up around 16 per cent of assets."

[greenknight1] 03/9/2021 08:33

Is anyone aware of any results estimates out there? Personally I think revenue will be ~$45m (+50%) - could be more as that is conservative.

[hotaimstocks] 02/9/2021 23:09

looking like if 90p won't hold next leg down to 75p

[bigbaggy] 02/9/2021 16:33

Re AdamB1978: completely agree but Aus$28m operational cash outflow for year ended June 2020 and Aus$35m operational cash outflow for the most recent 6 months, so I just cant see how that can be realistically achieved unless I am missing a trick here ?

[connor23] 02/9/2021 14:20

Saw this in FT. Tribunal set for Feb, so obvs couldn't agree a settlement!

[transhoneyqueens] 02/9/2021 02:27

The share price is expecting a drop soon..
I will grab some more around 70p patience needed.

[greenknight1] 01/9/2021 14:18

I would agree however I imagine the focus of the board is on aggressive growth and (as you say) using cash to support further investment. They are unlikely to need a fund-raise, so to a degree the share price does not matter too much to the company. The lumpiness is an issue although for once the coming results should look great (due to said lumpiness) which should get the company on more radars.

[adamb1978] 01/9/2021 13:40

I feel that LIT's main problem is that a lot of investors will be uncertain about how to value the company and put off by the lumpiness of their profits and cashflows. In this regard, I think it would help a lot for LIT to start paying meaningful dividends in order to attract an additional group of investors.

I guess LIT are holding their cash balance with a view to using it to fund their portion of their upcoming fund, however setting aside that, I'd have though that they could introduce a steady dividend, say only 1%-2% yield, but then use cashflows from settlements of cases to pay frequent but irregular special dividends to double or triple that level.

Perhaps this might only start once the next fund is launched, but I do think it would help shareholders if they look at this to attract more investors