Litigation Capital Manag... Share Discussion Threads

[mrwaterloo] 22/2/2021 09:47

I agree management must view our and their equity as more expensive than 13% p.a return

[hpcg] 22/2/2021 09:20

8% is cheap for a company the size of LIT. Don't forget beyond that to the 13% cap is a profit share - I hope we hit it!

[jgh03] 22/2/2021 09:14

A rate of 8% to 13% strikes me as expensive. Couldn't a retail bond have offered a much lower but still very attractive rate ?

[bigbadaussiebear] 22/2/2021 07:45

Nice $50m USD credit facility rules out any dilution through an equity raise for atleast another couple years. Will give LIT the balance sheet capital to co-invest in their new funds they are planning and grow their asset management business.

[bigbadaussiebear] 19/2/2021 08:52

Good to see Collins Street fund still buying.. One of the best Australian microcap funds

[hpcg] 17/2/2021 12:20

Conventionally one gets a blow off bottom when a big seller clears their last at an 'I don't care' price. Right now it the share price is much higher than most of their sales so I'm sure they'll push to clear.

[bigbadaussiebear] 17/2/2021 09:34

1m shares cleaned up yesterday... Prob only 2m left...

[bigbadaussiebear] 16/2/2021 11:31

Volume picking up here... Hopefully Miton are cleared soon... Prob only have about 3m shares or so to go...

[johnwig] 15/2/2021 08:54

It's good news though. I've amended the heading. I wonder how long it will take the shifty jonwig to amend on 'his' thread. He's still got Miton as holding 12.8%! Generally he only truths up on his scores of thread headings when it suits his malevolent troll book.

[bigbadaussiebear] 15/2/2021 08:00

So Miton are now officially below 3%

Good riddance... Maybe another month or two and then there won't be a constant overhand dragging the share price...

[bigbadaussiebear] 11/2/2021 15:47

Oh just fk off already...

I added more...

[humphbumph] 11/2/2021 12:25

Right so far Harijan.

[bigbadaussiebear] 10/2/2021 10:50

Good to see buyers turn up...

Just added some more GBP into my account so if it goes below 65p I'm adding more. Already balls deep on this... .

[the air marshall] 10/2/2021 08:50

You could well be right, Harijan.

[harijan] 09/2/2021 13:59

Strange thing is that the volumes are not that big, so that a turnaround could come quite quickly.....

[williamcooper104] 09/2/2021 12:58

Will do thanks

[leadixon] 09/2/2021 12:57

Ye agreed, not sure if there’s some further institution selling based on the recent share price uplift, but thinking of topping up even though it’s a pretty big holding already.

[scubadiverr] 09/2/2021 12:52

Markets are strange. Mano now up 4% and lit down

[scubadiverr] 09/2/2021 12:50

You've just missed a 3p divi. Check out the latest TU Webinar as more pertinently you'll see they have >150m of legal assets not credited on the b/s. Pretty significant when you check the current market cap is less than half this. Its been my strongest conviction hold (and against market sentiment) and starting to pay off now, and along still to go. Law firm is the core but check out the M&A side too. Pm me with email and I can send you some useful info.

[scubadiverr] 09/2/2021 12:43

I'm hoping that there's no read through from Lit's delayed 3rd fund. Either I'm not selling at 6

[williamcooper104] 09/2/2021 12:29

TU on 17 Feb will be very interesting

[williamcooper104] 09/2/2021 12:28

RBGP are the only litfin exposed I've never invested in - will have to check out - they appear to have a dividend too (while Bur shouldn't pay a divi it would be nice given the amount of sideways/range bound trading)

[scubadiverr] 09/2/2021 11:12

It looks like BUR may hit 600 for a third time. If bounces, and of course depends on TU on 17th, it could be a good rentry point for you.

[scubadiverr] 09/2/2021 11:00

You don't need to point that out to me! Thankfully RBGP going strong

[williamcooper104] 09/2/2021 10:47

Bur and Mano down too over last few weeks