Litigation Capital Manag... Share Discussion Threads

[bigbadaussiebear] 07/5/2021 08:33

Enjoy boys... Much more to come

[parob] 07/5/2021 08:21

CEO did state in one of his presentations that he's looking to turn this business into a £1B market cap company.

[someuwin] 07/5/2021 08:19

BUR market cap £2bn

LIT market cap £100m

Twenty bags difference.

[74tom] 07/5/2021 08:11

Nice start today - 78k sitting on the buy side at 90.4, nothing on the sell side... today could well see three figures at last!

[bigbadaussiebear] 06/5/2021 17:01

News of the new third party fund should come any day now... That should see this fly above 100p

Very good volume being absorbed at these levels...

[kallistos] 06/5/2021 16:31

Has anyone here used the Lloyds/Schroder Wealth Management service? It would be useful to know what you think. I've made quite a lot of money through Covid but I'm old and tired!

[bigalan3] 06/5/2021 15:41

Some very chunky buys just now. Has to rise sometime in the near future.

[trotterstrading] 06/5/2021 12:36

Plenty of chunky buys coming in.. perhaps a line of stock to clear at this level before the next leg up, but I don't see it staying below £1 for much longer tbh

[someuwin] 06/5/2021 09:11

Excellent presentation from March this year. The class of the board and the business really shines through. Gives confidence to build sizeable position for huge medium term growth.

"Patrick Moloney, CEO, Nick Rowles-Davies, Executive Vice Chairman, and Mary Gangemi, CFO outline the interim results for H1 21. During the period they continued to build scale. They continue to receive an increased flow of quality applications. And, the market conditions are increasing the demand for dispute finance.."

[trotterstrading] 05/5/2021 13:55

Looks ready to pop

[ham1cheese] 05/5/2021 13:53

Very pleased with this LT hold. A lot more to come as the story unfolds IMO. I expect a 5-bag from my 60p average in the next 2-3 years. Good luck all 🚀

[someuwin] 05/5/2021 11:36

Chart bowl formation heading to retest all time high of 116p. Then we'll into clear blue sky territory.

[74tom] 05/5/2021 11:28

Good to see some new names here. Looking really good today - majority of market makers are at 97/98 so shouldn't be long before we break higher :) Once the £1 is broken things will start to get interesting.

[bigbadaussiebear] 05/5/2021 10:23

Huge demand still here... Won't be long till we over 100p

[hpcg] 05/5/2021 09:35

Shows good demand with R&M managing their position and the price heading higher when they have the taps closed. I don't know what their target position would be but today's action thus far shows that supply is, on the whole, constrained.

[trotterstrading] 05/5/2021 09:21

New position for me after researching over the weekend. I think it has the makings of a 10 bag return over the next 3/4 years

[bigbadaussiebear] 04/5/2021 13:39

I'll back the Aussie fund that bought 10% of the company all the way up to 75p and has been a shareholder since 2016.

Collin Street showing how its done. Buy hold and hold and hold

[74tom] 04/5/2021 12:31

Interesting that River & Mercantile sold 800k shares into last weeks rise, explains why the brakes were applied in the 90's. They did state in a Vox markets interview on the 27th that LIT was one of their largest conviction holdings, so I assume this is a tactical reduction to prevent the position becoming too large. After all, at the turn of the year 6.4m shares @ 65p = £4m vs 5.6m shares today @ 89p = £5m.

[someuwin] 03/5/2021 13:58

Arden - 18 March 2012

"Litigation Capital Management Buy

Storing up value – Realisation over next 12 months

BUY Target Price: 140p

* Storing up value – LCM released interim FY21 results that showed operational progress in deployments and commitments albeit with headline financials that reflect phasing of case settlements and associated timetable slippage due to COVID. The litigation contracts outstanding provide a huge store of value in our view and the maturity of the claims portfolio suggests likely renewed progress in settlements which should drive substantial capital appreciation in the shares over the next 12 months. The funding applications, third-party fund commitments and progress on another third-party fund provide evidence of excellent opportunities to put capital to work and provide strong catalysts for the Group in coming quarters. Buy.

* Outlook – We rebase our FY21 expectations given the interim results and the likely phasing of dispute settlements, many of which have been impacted by COVID. With the Group’s investments from its IPO capital reaching the average case maturity, the pent up resolutions should start to flow. Combined balance sheet investments from FY19 and FY20 total $69m (ex GARF investment) and thus we would expect to start to see accelerating realisation of settlements in coming months as lockdown measures are eased. With returns on capital of well over 100%, historical IRR of 78% and a disciplined, managed underwriting process which supports ongoing strong returns, we expect the Group is poise to accelerate financial returns from here. That said, the irregular timing of case settlements results in forecasts which are clearly subject to variance. However, the market should start to focus more on value creation over time as settlements increase and the strategy is proven.

* Investment thesis and valuation - We continue to believe that LCM provides the cleanest and simplest equity story amongst the listed litigation funders at the most attractive valuation considering strategic execution on third-party funds to date and overall scaling of funds under management (direct and TP). While settlements remain lumpy, exacerbated by slippage due to Covid, at 1.6x FY21 P/BV with good credit and equity funding, demonstrable ROIC of 100%+ and rising deployments, we see plenty of upside in the shares. Reiterate buy."

[bigbadaussiebear] 28/4/2021 09:44

Need to send Miton a thank you card...

[someuwin] 28/4/2021 09:14

Worth looking back at the early days of BUR. Price went from pence to £20.

No reason LIT can't follow a similar growth path.


free stock charts from uk.advfn.com

[74tom] 28/4/2021 09:13

If they could announce the closing of the long awaited second fund then we would really be in business...

[scubadiverr] 28/4/2021 09:09

We all knew this had a crazily cheap valuation (and still has) but I for one didn't expect the share price movement of the last couple of days. Hold for gold the journey is just beginning