Litigation Capital Manag... Share Discussion Threads

[tourmaline44] 28/5/2024 08:30

They haven't stopped. Just look at the top of this page. johnwig has got a running tally of all the "Transactions in Own Shares" !

[robertbarns1] 24/5/2024 19:49

looks like the buybacks have stoped for now so a decline in share price this week

[flagon] 24/5/2024 14:06

The deadline for Tanzania’s Reply on Annulment is today wrt Indiana Resources. The ICSID case number is ARB/20/38.

[kallistos] 24/5/2024 10:07

Is there anybody clever enough to explain what's going on with this share?

[johnwig] 13/5/2024 09:02

The pretty regular buying back by the company, even though it's in rather small volumes, seems to be quite effective in pushing up the share price

I cannot understand why some of the gnomic know-alls oppose it so dogmatically!

[flagon] 10/5/2024 11:53

Just a reminder the Queensland Energy Class Action begins trial on 3rd June 2024 with an estimate of 8 weeks.

The relevant link is :

[leadixon] 07/5/2024 17:30

@warno01 - i think we've made good progress with the share price over the last few months, personally i think it's just consolidating till we get some further updates. Nothing to be concerned about and agree i can easily see a path towards 140 to 150, given that's still very conservative against the bottom up estimates.

[gallamar] 02/5/2024 15:12

The fair value i believe is driven by stages. Given where we are now.
The moic i think looks at the return on conclusion.

I also struggled with this and i think lcm could explain it better.

The terms are not really defined or how they interact

[luweiluwei] 01/5/2024 18:37

Buyback pauzes and the manipulation on almost no volume already back.

[warno01] 01/5/2024 15:03

Hits 121.1 on the buy and then the sell price dropped right away.
Been a steady rise. Hoping this is a tree shake only. Really feel this should be pushing 140 to 150

[johnwig] 30/4/2024 17:25

It's more than a six-month high: we have to look back 32 months for a higher close! I wonder if the all-time high is within reach.

Go Team Moloney. He is why I'm still here.

[luweiluwei] 30/4/2024 07:25

Seems the buybacks have ended around 1.16+ range.

[bigalan3] 25/4/2024 10:04

Sudden interest today. Any reason?

[l2b] 25/4/2024 09:09

Katie Perry v Katy Perry
(Reminder LCM won the original)

The Final Hearing for the Appeal concluded early April - Order www.comcourts.gov.au/file/Federal/P/NSD547/2023/3958910/event/31743759/document/2256277
Both sides have now submitted their final Submissions post hearing.

We're now awaiting the verdict. 

P.S. Good PA post results.
P.P.S. BB now gobbled up 2% of register
P.P.P.S. Re FV accounting it's funny that mgt moved to FV but are now complaining that the FV valuation is conservative (they're right (LCM FV is on a 1.9x MOIC vs 2.4x MOIC for Burford) - But why do FV accounting to start with and then complain it's not really comparative FV?!? 

[gallamar] 04/4/2024 17:49

Maddox

Agree with everything you wrote. If you could imagine us having even 200m gbp in own capital in next few years. And assume a 2x multiple, taking market cap to 400m. Then share buy backs are good value.

I think they are signalling, making a good trade and also protecting us retail holders from the normal downward drift in prices on low volume.

As for lower returns going forward. We do not have to deploy huge amounta of capital relative to market size.

I think we can still cherry pick cases for a bit. When we are larger then it might be harder, but at that point we are all in profit so i do not worry so much about it

[maddox] 04/4/2024 12:57

The share buy-back is A$10m so not a huge impact on the B/S. Picking up the valuation point. As at 29 Feb 2024 the invested capital was circa. 100p a share. On a historic basis LIT have achieved a x2.8 return on invested capital. However, their aspiration is to hit a x4 return. Thus buying back shares will be highly advantageous for shareholders in the longer term - currently it flags to the market that the shares are under-valued.

[mtioc] 04/4/2024 09:55

DB, Not sure I agree. When buying anything, including your own shares, there is a sensible price and one that is not. The alternative potential uses of that capital are also relevant. If LCM can compound capital at over 70%, the share price needs to be attractive for a buyback to be a good use of capital.

Noted re facts etc.., but, for me, the purpose of the BB is to improve understanding rather than opine - too much of that elsewhere (e.g. Citywolf's excellent point re cash drag above that I had completely missed).

Glad it is simple and obvious to you, I suspect it is a bit more of a struggle for the rest of us!