Litigation Capital Manag... Share Discussion Threads

[elsa7878] 28/10/2024 08:49

Thanks. Happy for you to give us a summary!

[l2b] 28/10/2024 07:14

LCM appealed the Google ruling from March 2023.
Hearing took place last week in Court of Appeal.
Judgment reserved.

www.judiciary.uk/live-hearings/prismall-representative-claimant-appellant-v-google-uk-ltd-ors-defendants-respondents/
(refer two embedded youtube links to those nerds that wanna listen to the 5 hour hearing!)

[robertbarns1] 25/10/2024 21:37

will wait another 12 months to see if we can get above 200p






hopeful of some big news

[gallamar] 23/10/2024 15:59

Fundamentally cheap.
Once they refinance the bond they can really start to deploy capital more aggressively. You can see that it the record commitments packing out the pipeline.

One of the few stocks I do not worry about

[robertbarns1] 23/10/2024 15:45

looks like we are on the way to 120p soon



wow over 5% up in 2 days now

[gallamar] 22/10/2024 11:21

In around 2 weeks they should secure the bond. It will be upwards of 50m usd of liquidity.

We also announced 2 large wind on mining cases for circa 40m usd.

We might end up swimming in cash and not being able to immediately deploy it all. So why not use is sensibly and buy back.

As we get more and more cases the cashflow will only improve as will the chance to use debt to enhance returns

[gallamar] 22/10/2024 10:58

Have to agree to differ.

If you think your existing portfolio when matured say in 3 years might be worth 200m gbp and then valued then on multiple of 2 In fair value, so 400m gbp. Then this is a good investment and also supports the price.

Dividend, less thrilled, buy back love it.

[makinbuks] 22/10/2024 09:51

Gallamar, the buy back is totally ineffective. LIT does not have surplus capital and therefore should not be seeking to return cash to shareholders. It is a misguided attempt to support the share price. Different if they win some big cases, pay off the debt and genuinely have cash left over in excess of their commitments re fund 2 and their plans for fund 3 and a USA expansion. They are doing buybacks only because they are pressured to by their expensive London advisors

[gallamar] 21/10/2024 17:09

There is but I have not see it. Those that have say it is @£÷=.

[elsa7878] 21/10/2024 09:52

Is there any research out there?
I have seen one broker forecast (on Stockopedia) of 7.4 c and 10.8 c for the next 2 years but no commentary or research.
Any idea why the net profit is forecast to go up from A$12.7m in 2024 to A$24.4m in 2026 yet the eps is forecast to drop from 11.3 c to 10.8 c.
Thanks.

[gallamar] 16/10/2024 15:53

I am quite hopeful the buy back will be extended.

Sadly the market is not in love with litigation financiers, which is a shame because they keep showing deals with 300pct returns. With time the money will stack up and it will re rate.

I really appreciate the buy back without it the traders would have a field day

[robertbarns1] 16/10/2024 15:52

buybacks are helping us thought they still had about 500k left to buy

[elsa7878] 15/10/2024 18:49

AIM drift and buyback funds nearly exhausted. Though only down 4/5% from where it settled post Greenx news.
Really rate the management.
Unsure how much it will take to get a reasonable foothold in the US. Definitely a concern but a huge pool to swim in.
One to tuck away and forget about.

[gallamar] 15/10/2024 14:58

On new broker. I cannot imagine us raising more money by shares ( but some do panic).

As stated above even I'm we renewed debt facility at same terms it is fine with our IRR. But with so much cash having flown back in ( greenx might be 30m usd alone) borrowing 50m usd
+ should be easy

[gallamar] 15/10/2024 14:55

The small cap market is just broken :)

A couple of million usd invested make 20pct of market cap in profit and sells down.

I am pretty sure the company will continue the buy backs and in long run this is good for us.

I think the people who lent us money before would do it again. The retained cash in our business is far higher than when they did first trade. Fund1 is also smashing it out of the park by any metric.

Bad it is sad for lse in general. I personally hope we enter USA in year or two and just turn our back on London stock exchange. Litigation is more accepted in USA and we might get a decent value there

[robertbarns1] 15/10/2024 12:34

you can buy in now at 109p





this share never holds onto a rise even with all the buybacks ?



how low can it go ?


100p or back to 90p lol

[johnwig] 15/10/2024 08:36

Today Investec is replaced by Cavendish as joint broker with Canaccord. Does anyone have a view on this change? Is it good or bad for LIT?

[tourmaline44] 10/10/2024 11:38

I agree with you. It's very difficult, however, to decipher progress if you use ADVFN figures and their software's ascription as to whether a given deal is a buy or a sell. It seems at times to be totally random and at other times utterly manipulated by a demented spiv.

74tom, I seem to remember, had an explanation for all this but I can't find that post!

[someuwin] 10/10/2024 11:26

Been adding here. Don't think the valuation has kept up with the progress being made.

[kpo115] 09/10/2024 07:36

Keeps on rolling!

[robsy2] 09/10/2024 06:56

Good news here. Re Share buy back-they did well to pick up stock yesterday at 104.6

[gallamar] 08/10/2024 22:25

Remember the big one is queensland power class action. Rumoured to be 1bn aud claim in press. 100pct funded by us. Pretty sure we get 20 to 25pct.

On investor call I asked about it. Case is heard, judgment in 2 to 11 months

[iq151] 08/10/2024 22:01

I'm just catching up with this: different time zone. I cannot quarrel with the figures and suppositions presented here. It's hard to gainsay the thought that today's rise will be repeated pretty soon.

[mtioc] 08/10/2024 20:11

Thanks Maddox. I think that is the mean of c. 59 cases. I suspect this one was valued at, for example, 3.5x at the last valuation. The uplift at determination is significant (if successful).

[citywolf1] 08/10/2024 19:54

So the first 2 realisations of the year are in and we should have already exceeded our record gross profit of A$52.9m from 2023 - and we're only 3 months in to the FY.

There could easily be another 10+ investments that realise in the next 9-12 months - we have 21 cases that are between 3 and 5+ years old. Each winner is going to yield a 4-6x in most cases given the age of these cases and the rising multiple over time, then you have performance fees on top for fund cases...