Litigation Capital Manag... Share Discussion Threads

[bigbadaussiebear] 20/1/2021 08:27

LIT are funding a huge class action in Australia.

hxxps://www.abc.net.au/news/2021-01-20/qld-energy-class-action-filed-electricity-bills-federal-court/13074428

This will be a very big pay day for them when the case settles..

[leadixon] 19/1/2021 22:44

I’m still curious why the lack of news, seems it’s been a while and don’t need to put it out for the sake of it, but wouldn’t mind something in the next few weeks to start the year off

[greenknight1] 19/1/2021 18:41

There will not be a definitive notification. We have already had notification they were under 5% weeks ago and would not expect further information.

[johnwig] 19/1/2021 16:42

LIT is still performing well: good finish today. The spread tightened again during the latter part of the afternoon. Perhaps we need some news to keep it stoked up?

I still haven't seen definitive information that miton has departed the scene. I could easily have missed that at some point.

[74tom] 19/1/2021 13:08

Indeed. They presented a very rare opportunity to buy at a 30% discount whilst fundamentals were on the up. The key now is holding for the long term, you may be able to upgrade that card to a bottle of champagne in a couple of years time ;)

[bigbadaussiebear] 19/1/2021 12:05

I'm going to send a thank you card to the folks at miton. I owe them big time for that liquidity under 60p

[bigbadaussiebear] 15/1/2021 21:54

Nice end to the week.
Hopefully now we can sustain these gains since miton have nothing to sell....

This company is still criminally undervalued, just less so than at 58p where I bet the farm

[74tom] 15/1/2021 15:32

Exactly greenknight, why wouldn't it move up? 80p is the level the share price was at in late August when Miton began selling their 10% stake, so another 15% rise just to reach parity.

[greenknight1] 15/1/2021 13:44

Overdue and undervalued

[williamcooper104] 15/1/2021 13:41

Anyone know why the pop today

[johnwig] 15/1/2021 13:00

A strangely wide spread on not that many trades. Seems there is some action in the offing. Hope it isn't a takeover. Yes there will be a premium but it's far too soon for me.

[ham1cheese] 15/1/2021 12:21

There she goes 🚀

[sphere25] 15/1/2021 12:16

Flirting with that next leg higher with the price currently at 69p.

Looks like alot of the bigger sell orders around that 67-69 mark (been regularly peeking in on the book) have been cleared so it has a chance of breaking higher now.

All imo
DYOR

[bigbadaussiebear] 12/1/2021 11:21

Looks like liquidity has dried up and miton are done.

Anyone wanting a decent stake here is going to have to pay up..

[greenknight1] 12/1/2021 11:10

It's nice for it to finally get moving although I would have like the chance to get more at a lower price. Like many here this is a minimum 3 year conviction hold for me so any swings are of little interest. As long as the trend is up. Looking at the pace in growth of assets under management and subsequent income, growth will be exponential. In 5 years time this may well be a £1bn company and I certainly will not have a mortgage anymore!

[74tom] 12/1/2021 11:00

Yes a bit of momentum finally arriving and we're steadily moving up, a break of 80p is the short term target, as that would equate to 15 month highs...more than warranted by the addition of the third party fund in that timeframe + subsequent deployments. £1.15 all time highs would then be the next challenge, really not that far away given the potential newsflow & positive background drivers for litigation.

[greenknight1] 12/1/2021 10:14

Trying to break out of the recent range.

[bigbadaussiebear] 11/1/2021 08:24

Cmon send it below 60p I'm waiting for a top up

[hpcg] 07/1/2021 19:36

Adam - no point adding if you already did. I have spreadbet margin I can deploy at a moments notice.

[adamb1978] 07/1/2021 15:53

I think those operating margins are certainly attainable for LIT too speny and the fund structure should leverage their capabilities to a greater extent too

[speny] 07/1/2021 15:47

If you take a longer term view (3-5 years) just have a look at the at how Burford Capital took off between 2014-2018, its share price went from 120p and touched £20. In 2014 their turnover was $80m and in 2018 $425m, they are currently £7 per share and have a MCap of £1.5Bn. I know Burford had great operating margins of an average 70%, but you have to believe there is vast potential for us here.

Personally I see huge potential here, presently it's still flying under the radar and there has only been a small amount of funds buying in, but that could quickly change with solid results going forward.

[bigbadaussiebear] 07/1/2021 15:34

They are good investors from their performance since inception over 4 years ago 20.93% p.a returns

Source: their website

[bigbadaussiebear] 07/1/2021 15:31

Maddox you are wrong. They were originally investors from the ASX days.

Here you can see
hxxps://hotcopper.com.au/threads/ann-change-in-substantial-holding.4547239/

They sold a few at higher prices on the huge pump when the Aim ipo was done. But looks like they have added much more now

[maddox] 07/1/2021 15:26

Hi johnwig,

They came on board November 2019 when the share price was a little higher than currently. Interesting firm the founders/fund managers are heavily invested in their own funds - so have skin in the game. They will have got to know LIT in Australia - so all looks good. There are quite a lot of videos on their investment style/philosophy style centered around value - haven't got time to watch now, so preliminary view.

Regards, Maddox

[bigbadaussiebear] 07/1/2021 15:22

They know the company well and they are value investors, I haven't really followed them much as we haven't crossed paths apart from on LIT. But it's good to see stock being bought by long term oriented investors.