Litigation Capital Manag... Share Discussion Threads

[dagoberia] 21/9/2021 09:53

Hi Someuwin, is this a recent broker note?

[hotaimstocks] 21/9/2021 09:39

poor results so I decided to take profit today and wait for 70p to buy back in

[jackson83] 21/9/2021 09:36

looks like no divi has caused mass panic lol ... top up at 60p later this month.

[jackson83] 21/9/2021 09:34

weak hands are banking profits after the epic rise from 50p's ... my guess is the Mateus crew know a funky finance are exiting or buying today lol.

[bigalan3] 21/9/2021 09:24

I think the p/e is only about 12 now!

[adamb1978] 21/9/2021 09:18

The bizarre thing about the 153% ROIC is that it should lead to a far far higher multiple than just 2x NAV!

[someuwin] 21/9/2021 09:00

Arden - Buy Target Price: 140p

"...Investment thesis and valuation: We continue to be of the opinion that LCM provides the cleanest and simplest equity story amongst the listed litigation funders. Its valuation remains attractive; At 2.3x FY21 P/BV with good credit and equity funding, demonstrable ROIC of 153%+ and rising deployments, we see plenty of upside in the shares. Reiterate buy. "

[adamb1978] 21/9/2021 08:56

Results look good at a first glance. It always takes a close read though given the third party interests in contracts (as well as cash and debt) which are included in the consolidated financials and the need to focus on the right figures

The second fund will bring a step change in scale for these guys, and even the management fees and performance fees for those funds will be a kick (let alone their own capital position in the fund), so I think LIT are a very solid hold on a couple year basis

As always for me, their challenge is getting people to understand the story and valuation, and hence why I think that, despite me not being an income investors, if they introduce a hefty dividend once fund 2 is raised it will attract a lot more investors to the company

[someuwin] 21/9/2021 08:55

Bought more.

[trotterstrading] 21/9/2021 08:42

Yep flushed the short term traders, should rebound soon

[sambessey] 21/9/2021 08:41

Good buying opp... will be pulling the trigger on a few shortly

[walter walcarpets] 21/9/2021 08:24

Added this morning FWIW!

[greenknight1] 21/9/2021 08:11

As you say, the short term view allows us to pick up shares at very attractive prices. The company is still executing very well despite the pandemic and continues to grow. This company will hit critical mass going forward and will be huge. I will be adding on any weakness and continue to build a massive interest in LMC.

[tomps2] 21/9/2021 08:10

Litigation Capital Management (LIT) FY21 Results overview

LCM’s CEO, Patrick Moloney gives an overview of the period ended 30th June 2021.

You can watch the video here:

Or listen to the podcast here:

There will also be a full year results webinar where Patrick Moloney, CEO, Nick Rowles-Davies, Executive Vice Chairman & Mary Gangemi, CFO will present FY21 results followed by Q&A.

Wednesday, 22 September, 9:00am

Register here:

[farnesbarnes] 21/9/2021 08:08

That's market disappointment at waiting for second fund.

[trotterstrading] 21/9/2021 08:06

Wow! Surprised it started red but not complaining as I managed to add a few more. The short termism of AIM never fails to surprise me

[trotterstrading] 21/9/2021 07:30

Excellent metrics! The fund will close soon enough, I'm here for long term rewards and those financials underpin my belief LIT is a must have in the PF

[massimoj] 21/9/2021 07:27

Results state to expect first close in the immediate future and that they are targeting H1 FY22, which given their financial year runs 1 July - 30 June, I think means first close by the end of calendar 2021.

[bigalan3] 21/9/2021 07:14

Results are very good but 2nd fund not until next year.

[leadixon] 20/9/2021 21:49

Ye I’m interested to see if they announce anything about the second fund. Committed timelines would get this back in the right direction and get momentum back behind the share.

Tbh I’m just glad the price has dropped to bring a nice entry point.

[jackson83] 20/9/2021 12:12

any good news could be now priced in so I'm not expecting a return to 130p this year

[greenknight1] 20/9/2021 10:30

I think results will look great on paper - there has been at least one huge case resolution this year which will bump up figures. I think people generally understand the lumpiness of this business so whether it results in a good rise is anyone's guess. I think people (including myself) will be looking for news on the second large fund which is due to be closed by end of September. As a result it's not a huge problem if not confirmed in these results. I expect the usual delays due to covid as Australia has been hit with ongoing lockdowns however this is priced in and the reason for the decline over the past few months. In summary, if we get bumper results as expected and confirmation of the second fund I expect a very good day indeed! GK

[adamb1978] 20/9/2021 09:50

Results out tomorrow then. Anyone care to post their expectations (either quantitative or qualitative)?

[hotaimstocks] 17/9/2021 10:09

not looking good we could see 93p again then who knows maybe 88p

[hotaimstocks] 16/9/2021 11:29

looks like time to lock in profits / short it now then