Litigation Capital Manag... Share Discussion Threads

[waterfall city] 27/5/2022 14:44

Those early burford reports are interesting when a much smaller company, the shares didnt do much for 6 years then just took off.

[jackson83] 26/5/2022 14:01

will wait for 90p top up as without news profit takers / SHORT SELLERS move this.

[74tom] 24/5/2022 15:11

Thanks to L2B for sharing that case win & Farnes for the follow up post quantifying it's value. I've added after a long period of waiting for the breakout to occur, it now looks inevitable based on building fundamentals and technical price action.

Re. how much of the A$180m LIT can expect to receive, I'd be surprised if their fee wasn't 10-15% of commissions. Hopefully we'll get an RNS to confirm in the next few days.

[bigbaggy] 24/5/2022 13:11

Been tracking this stock for a long time. They are now delivering. This should break out in a big way now. Follow the (Aussie) bear.

[farnesbarnes] 24/5/2022 07:23

From afr.com -


The insurers are also facing some internal challenges.

For instance, Suncorp is embroiled in a class action that kicks off in the Supreme Court of NSW on May 23, with the trial set down for five weeks.

The action against Suncorp Portfolio Services and two former directors, Geoff Summerhayes and Sean Carroll, alleges breaches of the Superannuation Industry (Supervision) Act, and unconscionable conduct.

Litigation funder LCM is funding the class action to recover compensation for members of the super fund whose accounts were allegedly affected by commissions to financial advisers between July 2013 and June 2019.

Those commissions are estimated to be worth up to $180 million. Suncorp, which sold the super fund last year to LGIA Super, is defending the case.

There is also continued pressure on Suncorp to sell its bank and focus on its core business, general insurance.

The bank is a much lower growth and a lower returning business than the insurer based on the regulatory capital they need.



edit - based on the case being worth AUD 180m, what fee could LIT reasonably expect to receive?

[bigbadaussiebear] 24/5/2022 06:00

Might top up a few more.. in 5 years time i think this is a 500gbx stock

[bigbadaussiebear] 24/5/2022 06:00

Win, after win, after win...

[l2b] 24/5/2022 05:08

Another LCM win!

Suncorp Super class action settles
hxxps://www.lawyerly.com.au/suncorp-group-settles-class-action-ahead-of-25-day-trial/


Original claim:
hxxps://www.lcmfinance.com/wp-content/uploads/2019/05/Suncorp-Media-Release-PDPA_BPE_LITIGCML_701900167_020.pdf

[greenknight1] 23/5/2022 14:50

I love the way you think your posts have any influence over the share price. Hilarious.

[jackson83] 23/5/2022 14:14

this has always been a jam tomorrow stock .. even FUNKY FINANCE MATEUS the wig SOLD OUT last week ... wait for 90p to top up

[jackson83] 17/5/2022 13:34

will reload up at 100p .. so please take profits now before they are gone / short SELLERS are lurking ...

[farnesbarnes] 16/5/2022 14:58

FRP breaking out of a consolidation pattern today, maybe a sector move? LIT looking primed too.

[bigbadaussiebear] 16/5/2022 08:36

1.6m in the class... Even if it was $100 a person it's big...

[greenknight1] 16/5/2022 07:51

Good news on the new agreement. Frustrating that haven't (can't?) give a ballpark for the size of the claim. Encouraging however its is "significant".

[greenknight1] 14/5/2022 18:02

Yes - referred to as a "golden cross". A basic but popular buy signal.

[adamb1978] 14/5/2022 09:46

50 DMA just cut the 200 DMA from below. Isnt that meant to be a buy signal?

[mighunter] 13/5/2022 10:18

hTTps://amp.theguardian.com/business/2022/may/12/kpmg-fined-frc-audit-carillion

[robsy2] 09/5/2022 14:40

I’ve topped up this morning.

[bigbadaussiebear] 09/5/2022 12:51

Keep selling I'm in the market for more at 100p

[bigbadaussiebear] 09/5/2022 09:04

All its going to take is for one big case win to send this stock flying and wake the market up...

Insider buying is a sign of confidence and long term this is my favourite company.

Economic cycle won't affect returns for LIT negatively..

[hpcg] 08/5/2022 13:11

Debt and revenue currency convergence is conventional. If for a company debt is considered an issue then equity shouldn't be touched with a barge pole. That isn't what we are talking here though, its funds available to equity and for this year at least holding value outside of Sterling is likely better than being in cash.

[waterfall city] 07/5/2022 13:41

Dont forget their debt is also in dollars, so a double edged sword.

[farnesbarnes] 05/5/2022 18:04

This is some tight price action lately. We all know what that means, in theory. Time will tell.

[bigbadaussiebear] 05/5/2022 14:44

GBP AUD was 1.9 in January
Now it is 1.72

GBP USD was 1.35 in January
Now it is 1.24

Most of LIT funds are in AUD and USD