Litigation Capital Manag... Share Discussion Threads

[98baileys] 23/9/2021 07:23

No one cares

[transhoneyqueens] 22/9/2021 17:56

FINAL POST EVER.. 100%
final post from myself , hotaim & loony Jackson.. be interesting if we can get above 130p soon. good luck everyone.

[transhoneyqueens] 22/9/2021 17:22

QUIZ clothing listed on LSE ... QUIZ share price

[babbler] 22/9/2021 15:58

I think you're a bit late to the deramping party now. Never mind...

[bigalan3] 22/9/2021 14:30

What are quizshares?

[hotaimstocks] 22/9/2021 13:04

hot aim , trans and Jackson are buying large volume of QUIZ shares .... final post from us.

[johnwig] 22/9/2021 12:58

We will not be seeing hotaimstocks on this thread again. I've done a jonwig on him, LOL! Please, the non-trolls continue with the good work. All viewpoints honestly put are, of course, accepted.

[hotaimstocks] 22/9/2021 12:08

yesterday I believe was the cheapest entry point at 91p

[74tom] 22/9/2021 12:03

Great to see Collins St adding to their already significant position...

[transhoneyqueens] 22/9/2021 11:33

bring on the shorters and sellers as I will take a large position at 92p .. patience now needed lol

[transhoneyqueens] 22/9/2021 11:31

when will we see 150p ? this year , next year or in 10 yrs ... maybe a dividend early next year.

[adamb1978] 22/9/2021 11:29

Trotters - there was an investor one this morning organised by PIworld. Recording probably available i guess

[trotterstrading] 22/9/2021 11:03

Excellent webinar ?

[transhoneyqueens] 22/9/2021 10:59

very poor profits & worth pointing out this was trading at 54p in December last year ... looks like a bull trap to me.

[transhoneyqueens] 22/9/2021 10:50

Why all the RED SELLS today ?? I can see this going to 90p this week / next week.

[greenknight1] 22/9/2021 10:48

Please no one respond to hotaimstocks

[hotaimstocks] 22/9/2021 10:44

how can we be valued at £114m when net profit is so low ? profit was only £4.7m

[greenknight1] 22/9/2021 10:06

Thanks Adam

[adamb1978] 22/9/2021 10:05

Walter

It was, but the nature of the Q&A showed again to me the challenges which LIT have in getting their message across. Perhaps once they're at scale after Fund II it might be easier?

[adamb1978] 22/9/2021 10:04

Hi Greenknight - I need to do some thinking about how to model this when I have some time however their ROIC suggests that £1m invested today turns into £2.53m in 27 months' time...so very simplistically, the market is valueing each of those investments at a lower rate (just over £2m per £1m invested) but crucially also valuing the company as its it just has a one-investment time period. Obviously any investor know the power of compounding, and if you can compound returns at anything approaching those rates, then the value over 5-10 years is substantial and therefore the PBV should be multiples higher (in theory)

[walter walcarpets] 22/9/2021 10:03

Great webinar, all the boxes ticked for me.

[greenknight1] 22/9/2021 09:41

Hi Adam, what Price to Book would be reasonably expected for a ROIC such as LIT's?

[adamb1978] 22/9/2021 09:18

Hi Johnwig

I cant access that article however it goes to my point yesterday....and asset (regardless of type or sector) which generates 153% ROIC should trade at a much, much higher multiple of book value than 2.2x. It suggests that the market doesn't believe that the 153% can be sustained, and to be fair, the company has stated that it will come down. However its so out of whack that the 153% would need to come down several-fold

Adam

[johnwig] 22/9/2021 08:15

It's well worth reading Simon Thompson's latest take on LIT in the IC, if you are able. "Strong Buy"

One of the sentences that stood out for me. "This also means that LCM’s historic price-to-book value of 2.2 times materially understates the value held on its balance sheet given the group’s high returns on invested capital."