Litigation Capital Manag... Share Discussion Threads

[trotterstrading] 12/5/2021 08:17

Grabbed a few more - clearly buyers in play

[maddox] 11/5/2021 23:52

I believe that Miton were holding the shares in an Income Fund - so had little choice but to part company with LIT. Miton are specialists in the small cap arena and help get a large number of them launched on the market - so more a help than a hindrance to personal investors. Their interests and ours are far more aligned than most FIs. But yes, they will recycle their funds and sell-out, but hey don't we all?

[74tom] 11/5/2021 18:40

410k shares bought at 1.08 just before close - so was the price dropped just to fill this order? Looks like it...

[bigbaggy] 11/5/2021 13:09

News of their second (increased) fund would be fabulous but I agree, raft of case closures and cash in as they now come into their 27+ month maturity period is the key.

[adamb1978] 11/5/2021 12:54

Yes, I dont see why anyone would sell here. It was very, very cheap before and clearly someone know something about their somewhat lumpy contracts and hence the price moving up. A small number of those contracts could add substanital value to the company so I think it pays to hold on and see what the news is at the next results

[74tom] 11/5/2021 12:51

Indeed - think we're in a holding pattern so that II's can exchange / buy... same thing happened last week at 90p ish. Once through 115p things will get interesting, we are still very cheap vs the apparent potential. On current valuation we are £80m cheaper than Keystone Law, they have forecast post tax profits of between £6-8m for the next few years - so are trading on 30 x earnings. We would be trading at £3.36 on the same ratio - based on 2022 forecast post tax earnings of A$24.2M...

[trotterstrading] 11/5/2021 12:16

Plenty of chunky buys coming in despite the market sell off which bodes well for further share price growth

[rexrandi] 11/5/2021 00:24

Sory I peed on button 2 times.

[adamb1978] 10/5/2021 18:26

Thanks hpcg. Agree that the former sounds more likely...not sure that the second would cause this increase.

When you say 'Two on the other thread' - please could you let me know what other threat there is? I haven't seen one...
Thanks

[hpcg] 10/5/2021 16:52

Two on the other thread. I think it is an imminent large case with that someone well informed knows about. It reminds me of the buying in LEAF a couple of years ago; there was a legal case in Delaware about a put entitlement which made a 10x difference to the NAV and the relentless buying should have made it obvious to me I should have been adding rather than just holding. I opened some spreadbets here a week or two ago. So this is my hypothesis. Second one is another fund announcement, but personally I can't see the market being quite so enthusiastic.

[bigbaggy] 10/5/2021 16:32

Hi All. Just joined this site but have been investing in shares for a number of years. Friend showed me the FF video. This looks compelling. Have taken a position today. All three listed companies in the space (LIT, BUR and MANO) look well set for a good run. Think the market is only just starting to appreciate the uncorrelated and outsize returns.

[adamb1978] 10/5/2021 16:09

Any theories on the trigger for the (welcome) movement over recent days/weeks? I'd be surprised if its just that Arden note

[bigbadaussiebear] 10/5/2021 15:14

Incredible move.. And still not expensive when looking to FY22 onwards

[solarno lopez] 10/5/2021 14:40

well at least it continues to climb

[irishmatt] 10/5/2021 14:31

Looking great

[irishmatt] 10/5/2021 14:31

It was below 300 mid March 2020 and now into 900s, took a year but thats a triple in my book...

[blueball] 10/5/2021 14:24

Vertical rise this pm.

[parob] 10/5/2021 14:23

Closing in on the all time high. Blue skies above 117p. Should be fun above that price.