Litigation Capital Manag... Share Discussion Threads

[adamb1978] 07/1/2021 15:22

Agree about the chart hpcg. I bought a few more on 22nd December so am finding it difficult to add more today with the price 10p higher! That despite me thinking that there is a good 50% upside in this over the next year, and double that on a 2-3 year basis

[johnwig] 07/1/2021 15:01

Collins St Asset Management, Melbourne, have more than doubled their holding in LIT (announced today). Aussie, do you know anything about them? Hope it's not Miton in disguise LOL.

[hpcg] 07/1/2021 14:26

Excellent holding RNS. One presumes their shares came from Inferior Miton. I added a small additional amount. The chart looks constructive now.

[bigbadaussiebear] 07/1/2021 14:13

Nice volume today... Won't be long till this moves into the 70s

[adamb1978] 07/1/2021 13:18

Would be nice to get one Scuba. Need to dust off my figures when the day job is done but it feels like NAV might increase to the level of the current share price within 12-18 months thereby increasingly underpin the share price

[scubadiverr] 07/1/2021 11:55

No, but we were told that a 2nd fund was to be announced once commitments of the first fund had reached a threshold (I think 75%). It was expected before end of last year so behind the announced schedule. I would have thought a broader update will be given then and hopefully imminently

[adamb1978] 07/1/2021 11:27

Has anyone heard anything about a new year trading statement or similar? Otherwise we're probably not due any scheduled news until the interims in March. I'm considering adding a few more

[adamb1978] 07/1/2021 11:25

Interesting that this AUstralia based fund has doubled its position. Looking at their website, they take a value-based approach. Given LIT's cash position and NAV, it would seem to fit them well

[74tom] 06/1/2021 13:30

Agreed, the main benefit is going to come when they release news & Miton don't have millions to sell into any rise...

[bigbadaussiebear] 06/1/2021 12:50

Hopefully it pushes higher now... The selling pressure looks to be more or less gone.. Expecting some short term profit taking along the way but I think the big rewards are going to be there for those that have the conviction to hold this for 5 years at least...

[greenknight1] 05/1/2021 10:51

Cup and handle anyone?

[bigbadaussiebear] 04/1/2021 12:39

Also the risk of a loss on the newer much larger cases isn't all on LIT. We must remember that LIT is only co funding 25% of a case in the fund. While being leveraged to the success of the case with a good performance fee.

[bigbadaussiebear] 04/1/2021 12:37

Trevor this question was asked to Patrick by an associate of mine recently and he said they are picking the cases as they always have been.

They are still funding a similar % of cases that apply for funding. Just that they now have more applications so they can fund more cases that have a good chance of success.

[trevor777] 04/1/2021 11:58

Seems as though main risk here is the loss ratio increases on the enlarged portfolio. Current under 10% but as they are going after larger amounts of money defendants likely to fight harder and therefore likely to be more successful. What are your thoughts bulls??

[bigbadaussiebear] 04/1/2021 10:53

Sell me more below 60p!

[kallistos] 02/1/2021 23:07

ἅπαξ λεγόμε_7;ον

[rampmeister] 02/1/2021 17:49

I’ve got great hopes for the corporate portfolio management arm this year. I think this could seriously catch on as companies see chunky liabilities removed from their books and CFO’s improve their balance sheets. They seem to have zero competition in this field so significant first mover advantage.

RM

[leadixon] 02/1/2021 13:03

Ye I don’t think he’ll be moving till summer now, but will be good news once he’s over here and in front of clients more regularly.

[johnwig] 01/1/2021 22:40

I’d be interested to know when he might be allowed to complete his move to the uk so that he can really engage in his effort to push the company forward.

[leadixon] 01/1/2021 12:20

Ye I agree from the investor relations meetings I’ve watched, Patrick seems like a very smart and astute business man, with a wealth of experience in his area.

Anyone have any views on the radio silence recently from LIT, thought we may have had a asset allocation or portfolio update by now, unless they doing one to kick off 2021

[bigbadaussiebear] 29/12/2020 15:27

I've sat in on a meeting with Patrick before. He is the real deal. He is here to build this company and is very well aware that his job is to grow the company and not be too focused on the share price.

He comes across the same way in his presentations. A rare breed amongst ceos of listed companies.

[johnwig] 29/12/2020 14:40

More than that even, I feel that if I am to make any significant investment it's important to take a holistic view.

I am actually quite impressed personally by the CEO Patrick Moloney. I've only seen him in company-inspired interviews and such-like but he seems to have a good intellectual grasp of the world and is obviously a type that would make a good leader. Importantly he is making a real effort to transmit his vision for the company very clearly. Perchance he might have been a bit of a larrikin in his youth: I like that too.

Finally he is a fully qualified lawyer with years of appropriate experience. I am much happier to have lawyers in charge of my money than accountants.

That's my impression. I stand ready to be corrected, of course.

[speny] 29/12/2020 13:57

On top of the potential of the business model, I really like the fact the CEO and Chairman between them hold close to 12% of the stock. It adds a safety margin knowing the two most senior men have £9m of vested interest.