Litigation Capital Manag... Share Discussion Threads

[parob] 16/3/2021 07:34

Litigation Capital Management present H1 results, building scale and alliances with global law firms07:14 Tue 16 Mar 2021Litigation Capital Management Limited's (AIM:LIT) Patrick Moloney talks to Proactive London's Katie Pilbeam after announcing their interim results for the half year ended 31 December 2020.Moloney says LCM has made significant progress in building scale across the business in the first half of the year. He alludes to their strategic alliances with global law firms strengthening as well as receiving an increased flow of quality applications.He says the $50m credit facility, which was secured in February, increases the flexibility of their capital structure, allowing them to both increase their portfolio of direct investments in addition to increasing their asset management business.hTTps://tinyurl.com/24bmr5p4

[djderry] 16/3/2021 07:23

Statutory loss of $1.4 million dollars.I suspect the market may not be too impressed.
As an investor in the asset class I'm not too worried.It's not really meaningful to judge on any one twelve month period.

[greenknight1] 15/3/2021 21:22

If any....

[74tom] 15/3/2021 19:17

Nice pre results boost, the short term key is getting through resistance at 80p, beyond this if we can break the all time high at 115p then it’ll start to attract attention. The positive this time is Miton don’t have millions of shares to sell :)

[leadixon] 15/3/2021 17:01

@greenknight - ye i was also thinking has someone got visibility of the results in some capacity and therefore bought in, lets hope that is the case and also for BigBadaussiebear for his conviction buys recently. After buying my first tranche up at 90 and then few on the way down to 50, i've just got back to profit above 70.5p average.

[bigbadaussiebear] 15/3/2021 16:02

I'm guessing covid would have caused some delays in courts so will just have to wait to see if they provide a clearer picture on the short term outlook. Medium term outlook nothing has changed..

[mrwaterloo] 15/3/2021 15:50

Is the outlook for YE June 2021 gross profit still between A$30 million and A$47 million per the 2020 results? Pro-active research have published a figure of AUD21m net profit for YE 30 June 2021. Anyone know if these numbers are still accurate? Seems very hard to find market expectations for this stock.

Not sure if Cannacord or investec have published anything?

[greenknight1] 15/3/2021 15:18

Fingers crossed someone has got wind of the results tomorrow!

[bigbadaussiebear] 15/3/2021 15:13

I expected less chatter as that last shake out was brutal... But this is crazy... Hopefully people didn't sell... Over 76p

[bigbadaussiebear] 15/3/2021 14:28

Bit quiet here? 74p

[bigbadaussiebear] 11/3/2021 04:32

Collins Street know the company very well. They were in from the original ASX ipo and have now built a very sizeable position.

Good to know that most of that Miton stock has gone to long term investors that understand the company and have been shareholders for over 5 years..

[greenknight1] 10/3/2021 19:01

Yeah, I think Collins building a stake is great. I like the way they are Australian based and will probably have their ears close to the ground in terms of how the business is performing.

[74tom] 10/3/2021 18:43

I'm not expecting anything special wrt figures. As stated, I'm looking forward to the clarity they will provide, this is the most important factor right now. Interesting to note Collins increasing their stake again...

[greenknight1] 09/3/2021 19:16

I agree. The half year figures may be flat or even down on last year due to the delay in the courts pushing cases through. Worth remembering that these are only delays and not losses. This on top of other investments coming to fruition should mean some bumper numbers looking forward after these particular results. As you say, the juicy part will be the update on third party funds.

[bigbadaussiebear] 09/3/2021 12:27

I don't think the results will be anything special.

More interested in management outlining how the business has progressed since September and what the short term plans are with increasing the third party funds under management.

The time to look forward to results will be FY22 onwards when the big early investments from 2018-2020 start to get harvested

[74tom] 09/3/2021 12:01

Really looking forward to the results next week, it’ll provide much needed clarity after a long spell of silence!

[bigbadaussiebear] 09/3/2021 09:03

Then they default to the world bank... Not happened to any country with arbitration yet

[johnwig] 09/3/2021 08:32

I wonder if the Tanzania government has any money, though...

[bigbadaussiebear] 09/3/2021 07:32

hxxps:// thewest (dot) com (dot) au/business/public-companies/indiana-set-to-have-us95m-tanzanian-claim-heard--c-2310288

One of LITs arbitration investments is pushing along. Going to be an easy win....

There is also a much large case worth 10x the claim against the polish government on behalf of Prarire Mining.

[greenknight1] 06/3/2021 12:03

Last full week before results. If we follow others in the sector then I'm expecting a great set of numbers.

[bigbadaussiebear] 05/3/2021 08:09

Well there is no way to know when miton are gone...

My guess is they are more or less done

The recent debt facility means shareholders won't be diluted for quite a while and any new fund managers wanting a piece will have to buy on market.

[johnwig] 04/3/2021 17:15

That to me betokens a known overhang still. No total clarity on miton's "departure".

Is there? Perhaps I've missed it. Been kinda busy.