Litigation Capital Manag... Share Discussion Threads

[gallamar] 10/9/2024 20:05

Agree.also some of the long dated cases did not show a great MOIC given the contractual terms.

My slight frustration is they openly say they have access to capital. I would love to see them stop messing around with the debt refinance. A few percent here or there does not move the dial!.

Be decisive, take the debt on, take more staff and show you are pre loading the new fund.

If they do not we will end up with cash and no way to optically deploy it.

Just give us something firmer

[horndean eagle] 10/9/2024 19:11

I think bigger issue is that its just been very quiet on the resolution front for an extended period now. Given backlog of cases they have they should be having far more realisations. Its a similar story to BUR. Everyone seems to be bored waiting.

[gallamar] 10/9/2024 18:19

The main issue here is the inability to get the story out.

1. Buyback stock hard when the price is low
2. Share an expansion plan. If you can refinance debt do it, hire staff and expand commitments so we have a growth story
3. Get some research done, we are not short of cash.

Number 1 is the sin here. If we have price weakness take advantage of it and show the market you think the price is crazy

[gallamar] 10/9/2024 17:56

It is hard to expect a decrease in NAV when they say performance is incline with expectations.

They also highlight that they still have access to capital.

The stock has an issue with being range bound and it often sells down pre results.

The buyback I think is not the issue. More that they do not aggressively buy back when the price is low.

We were happy buying 20k a day in 100s, but we hit 94s and still doing 20k. Just illogical, buy alot, great value and send a signal

[robertbarns1] 10/9/2024 14:47

A new 52 week low price today




plenty of selling today

[robertbarns1] 10/9/2024 13:33

someone offloading large amount in the 92p's

[tourmaline44] 10/9/2024 07:55

Can any of the excellent posters here explain why this inexorable drop is happening? After all we are expecting good resuls in seven days....aren't we?

[robertbarns1] 09/9/2024 11:02

could this go into the 80p's ?

[williamcooper104] 07/9/2024 15:06

IIRC correctly this is a lower share price than from before we started the buy backs So we've a lower share price and a weaken balance sheet Muppets

[muffmitz] 07/9/2024 14:08

That's quite misleading, Boozey.

This is part of the statement announcing the appointment of David Collins that the company released on June 18 this year:

"The firm’s current CFO is Gangemi, who had held the position for over four years. She is now expected to step down from her position after a period of transition at which time it is expected she will resign her position on the board.

Commenting on the new appointment, Patrick Moloney, chief executive officer of LCM noted that Collins “brings a wealth of experience and a strong track record in financial leadership.”

“We see significant opportunities in our markets to drive meaningful shareholder value creation and I am sure that David will play a pivotal role in helping us capitalise on them.”

He added that he “would like to extend my gratitude to Mary [Gangemi] for her contribution to LCM over the past four and a half years. I wish her the very best in her future endeavours.”

Always difficult to know but the change does not sound sinister to me.

[boozey] 07/9/2024 13:25

CFO resigning a few days before results in a terse statement - not a good sign!

[robertbarns1] 07/9/2024 11:40

94p / 100p this is a strange share ?


was hopeful of it going up and staying up

[iq151] 04/9/2024 13:33

Wot's goin on 'ere then?

[johnwig] 03/9/2024 15:24

You are correct. Believe it or not three members of my family have their birthday on September 19 and that date is kind of imprinted on my mind!

We should expect results on September 17.

[robertbarns1] 03/9/2024 13:57

i thought full year results were due on tuesday 17th September

[johnwig] 02/9/2024 15:18

The results are due on September 19. If the management cannot announce at least 2 or 3 new completed entities I cannot see much movement. LIT is in the grip of a UK Stock Market malaise caused by Covid, or an inefficient doctrinaire Tory Government, or a very inefficient British market mechanism: probably all three.

I should probably move to live permanently in my American home and buy only American shares.....provided that little willie Trump doesn't get in. The whole world is captured, nay, entranced by his penile deficiency.

[pigeonfeeder] 27/8/2024 11:07

If I remember rightly they had a £10m budget so once this is used up. I could have got the amount wrong, but it will be on the company website

[robertbarns1] 26/8/2024 23:26

anyone know when the buybacks will finish ?

[juuunx2] 16/8/2024 09:55

Many thanks for the informative post William very good write up, interesting times gonna add a few and take advantage of recent dips I think ?

[johnwig] 15/8/2024 13:36

I noted this article in a post here back in July but couldn't link to it because I read the FT (fantastic newspaper) in paper form. Thank you Williamcooper for posting the link.

What i have done is probably not allowed so I'll only keep it up here for a couple of days, then I'll delete. It's very positive.

[waterfall city] 15/8/2024 12:38

Be interesting to here an update on the bond they were looking to raise

[williamcooper104] 15/8/2024 12:21

Lawsuit financing: investors smell profit in classic hold-your-nose stocks https://on.ft.com/4cKGyAl Free link for first three clicks to the FT article mentioned below

[williamcooper104] 15/8/2024 12:19

Boris and Liz have their share of blame But LITs share price is around where was before it weakened its balance sheet with buybacks (that's from memory; I'll stand corrected if anyone looks closely at it) As I said when they announced it, they risked increasing their cost of equity by increasing leverage negating the benefits of reducing the share count I was out at just over 100p, looking to re-start a position

[muffmitz] 15/8/2024 12:09

Looks like the share price is being walked down with little opposition. My average is in the 70s so still well in profit, but still. I suppose we shall have to wait until results on September 19.

I blame Boris and LettuceLiz for trashing the UK markets.