Litigation Capital Manag... Share Discussion Threads

[transhoneyqueens] 02/9/2021 02:27

The share price is expecting a drop soon..
I will grab some more around 70p patience needed.

[greenknight1] 01/9/2021 14:18

I would agree however I imagine the focus of the board is on aggressive growth and (as you say) using cash to support further investment. They are unlikely to need a fund-raise, so to a degree the share price does not matter too much to the company. The lumpiness is an issue although for once the coming results should look great (due to said lumpiness) which should get the company on more radars.

[adamb1978] 01/9/2021 13:40

I feel that LIT's main problem is that a lot of investors will be uncertain about how to value the company and put off by the lumpiness of their profits and cashflows. In this regard, I think it would help a lot for LIT to start paying meaningful dividends in order to attract an additional group of investors.

I guess LIT are holding their cash balance with a view to using it to fund their portion of their upcoming fund, however setting aside that, I'd have though that they could introduce a steady dividend, say only 1%-2% yield, but then use cashflows from settlements of cases to pay frequent but irregular special dividends to double or triple that level.

Perhaps this might only start once the next fund is launched, but I do think it would help shareholders if they look at this to attract more investors

[maddox] 01/9/2021 09:22

Breaking News: The financial Reporting Council has issued a formal complaint against KPMG alleging misconduct for providing false and misleading information in relation to their audit of Carillion.

Litigation Capital Management is providing funds to pursue KPMG, which audited Carillion’s accounts, through the High Court on an allegation of negligence.

Interesting development.

[hotaimstocks] 01/9/2021 01:08

THIS ALWATS DROPS BEFORE & AFTER RESULTS ...
it history repeats the last 2 years we will see a selloff / drop from now on & after results .. could be a great opportunity to top up at 65p / 70p in October.

[johnwig] 31/8/2021 12:39

Thank you,74, for your knowledgable contribution. I don't have level 2: it would be pointless since I don't really have time from my day-jobs to look after my market investments properly. I only post on the fly on the train or the airplane. You and a couple or others like someuwin on this thread have been making some very valuable posts and, on the whole, we've cut off the trolls and the knowallknownothings who, as you know well, really annoy me. I should ignore them...

[farnesbarnes] 31/8/2021 12:29

That the 89 day MA is still up and MACD is turning suggests LIT is expected to bottom soon. It is one of my smaller positions that I'm looking to add to on swing kicker.

[74tom] 31/8/2021 11:54

Now at a near 30% drop from the all time highs hit at the beginning of July. Throughout the last 8 weeks there have been sells on the L2 order book which have gradually eroded the price, today we opened with a 170k sell sat at 99p which remains there now. There is decent support in the low 90's and then the 200 DMA at 85p, so I would be surprised if it falls much further.

What has driven the selling though? Profit taking + the extended Oz lockdown would be my guess? Either way, it's been a tough couple of months, hopefully the final results will kick us out of the current malaise, although the real driver will be the elusive new third party fund...

[dagoberia] 28/8/2021 12:14

Does anyone know when the next trading update/ results are? They don't have the info on LCM's website. Last year's were given on the 22/09 so i guess around then. Thanks

[transhoneyqueens] 27/8/2021 20:25

SHARE PRICE HELD UP WELL THIS WEEK ..
wait to top up at 70p

[transhoneyqueens] 27/8/2021 15:54

most bought in at around the 55p level so will be still banking huge gains when selling up

[hotaimstocks] 26/8/2021 17:13

Expect this to move in the 60p - 110p range until jan 2022

[davr0s] 26/8/2021 16:15

Do you offer the winning lottery numbers too. Predicting price is just guesswork

[jackson83] 26/8/2021 14:35

NO NEW NEWS EXPECTED..
this will drift back down to 70p within 2 months

[hotaimstocks] 26/8/2021 14:07

maybe wait for 80p top up now.

[transhoneyqueens] 26/8/2021 13:44

at this rate we will see 90p sooner than I first thought lol

[hotaimstocks] 25/8/2021 13:56

this Is unloved after the king of funk sold out.

[davr0s] 24/8/2021 19:41

Price action reversal for me today. I hold from lower and if it can show strength tomorrow I'll likely be adding

[johnwig] 24/8/2021 14:37

If it's of any interest to anybody I bought 10,000 LIT this morning. I have no new knowledge as to the status of the reputed 'overhang'. Purely on fundamentals. I think patience will be required, probably.

[pete_bane] 23/8/2021 08:55

Anybody seen what's happened to BUR today? I thinks it makes a clear case for LIT who, of course, have much more transparent accounting than BUR despite that hysterical guy who is ramping it all the time and shouting at the LIT supporters. Derry something LOL

[davr0s] 22/8/2021 11:03

Price will go where price wants to go and no amount of analysis, research, tips, investor articles, BB posts, price targets in either direction makes a jot of difference IMO. At the moment it's a retrace in an uptrend on a meaningful timescale and until that changes I just leave things alone. In this game you have to be prepared to suck up retraces like this and not be scared out of your position. But everyone has their own way of doing things

[davr0s] 22/8/2021 10:59

Yep 100% and exactly how I treat most of my positions

[farnesbarnes] 22/8/2021 10:41

Of course it needs to consolidate. Its just doubled in price in 6 months, and you want it to continue its sprint? I'd rather it build a base, then step up. Consolidate, step up.

Can't say that I enjoy up 100% in 6 months, then down 50% in 2. And don't say, oh just trade it then. The lumpy nature of the business model means if you're out when a materially substantive RNS drops, you're stuffed.

[henwick] 22/8/2021 09:28

Thank you Farnes

[henwick] 22/8/2021 09:27

Thanks Kpo - it was an easy decision to add it to my favourites list!