Litigation Capital Manag... Share Discussion Threads

[musicgibbon] 14/5/2019 18:24

Interestingly 4 out of the 5 biggest trades today are showing as ‘buy’ - including one for £90k. The other trade is listed as N/A.

[aishah] 14/5/2019 17:40

Added more below 90p earlier

[greenknight1] 14/5/2019 10:36

Which could come at any moment

[stewpot3] 14/5/2019 10:01

My guess is that these will languish lower until the next big announcement on a major case.

[greenknight1] 10/5/2019 11:16

Looks like a bit of a confidence tree shake over the past few sessions. I expect this will begin recovering and moving to new highs shortly.

[opodio] 10/5/2019 11:09

I have added

[hawkind] 09/5/2019 20:30

I have sold out today, but have a limit order to buy back in, as believe it will be a good investment medium term. I am trying to capitalise in general market, risky strategy so maybe just better off riding it out, if you believe in the potential here. I would say market sentiment or just general price pull back reason for share price fall, but it's not too volatile IMHO and DYOR

[musicgibbon] 09/5/2019 19:53

Hi all - Any thoughts on current share price performance? Is it simply reflecting the general market sentiment / downturn (albeit at a more extreme pace) or do people think this is a more fundamental shift in price? Relatively new to all this so grateful for the opinions of more experienced investors!

[busterdog2] 09/5/2019 11:48

What was that line again about picking winners?

[stewpot3] 09/5/2019 10:17

Not heard from Bigbadaussiebear recently, did you cash in at the end of April?

[dr know] 08/5/2019 16:43

Unlikely given that the year end is June and last year's AGM was held on 30th November, unless the admission to AIM has changed these dates.

[bensug] 08/5/2019 09:15

Jonwig - agreed in the end it's the case picking skill that matters. It's reassuring that Nick Rowles-Davies is at the helm - ex Burford and architect of some of their largest deals. As LIT is moving in the same way as Burford and doing portfolio financing the risk levels will also drop. I think the litigation finance industry is going though a confidence wobble, which will recover when the next round of positive results hits the market.

[jonwig] 07/5/2019 20:26

bensug - yes, the accounting discrepancy was mentioned here a few times. The main point is that LIT regards its cases as contracts, not investments and can therefore use a different IFRS category.

But ... LIT capitalises its legal and other expenses onto its balance sheet, whilst BUR writes them off. So if a 'case' involves £1m in costs, BUR's balance sheet will show cash down by £1m, whilst LIT will balance that with an increase of £1m in intangible assets.

From what I can see, if both firms spend £1m on a 'case' and get paid £10m in settlemet, each will show the same profit at the end even though their accounts will look different in the meantime.

So I don't think this is all that important; far bigger is the ability to pick winners!

[bensug] 07/5/2019 19:56

There may have been some read across from the negative Cannacord note out on Burford in relation to its accounting for fair value on its investments (cases). While the Cannacord note is silly in a variety of ways (e.g. they suggest Burford should value cases at zero and put all investments as an expense), the point regarding fair value of cases doesn't even apply to LCM as it values cases investment value, with no uplift until the case is won. See Arden partners comment below:

"As noted in our “Revenue recognition” section, LCM differs to Burford and
Manolete in that it adopts cash accounting instead of applying fair value to its
investments."

[nimbo1] 07/5/2019 16:21

judging by L2 the seller seems to have done trashing the price for today and books now even...

[nimbo1] 07/5/2019 10:10

Miton trashing the price?

[greenroom78] 05/5/2019 14:19

With such devastating news I expect you'll have difficulty sleeping tonight BBD.

[bigbigdave] 05/5/2019 14:06

R2 :o)
I have nothing but respect for 'jonwig', an advfn legend.

[robsy2] 05/5/2019 11:12

Bbd
The filtered johnwig is even more mental than the unfiltered one.His last post is claiming you ,bbd,have filtered yourself and the jonwig who is one the great advn chatboard contributors.
R2

[johnwig] 05/5/2019 01:14

"bigbigdave" and "jonwig" are filtered because they are the same person. Trolls are everywhere on ADVFN.

[bigbigdave] 04/5/2019 14:15

johnwig filtered. This is quite a civilised thread so lets keep it that way. Don't know what it is about advfn that causes a minority to behave like children.

[slaccs] 04/5/2019 09:03

Too many robots on here bigging this share up with flattering statements and no substance e.g. lucicavi- 283, 284, 285, 286, 288. Always do your own research and don't believe anything you read on these BBs. That way if you lose your margin you've only got yourself to blame.

[cf456] 03/5/2019 13:47

Short term newsflow would be good and could get the share price moving northwards again.

ST's recent commentary hinted at this:

"This is the fourth litigation project that it has completed since June 2018, and there are solid prospects for further positive newsflow and realisation of healthy profits on Litigation Capital’s investments in other ongoing claims. Indeed, there are 24 projects in its current portfolio..."