Rbg Share Discussion Threads

[xenomorph1] 11/6/2021 15:29

This is a well run company and in the long term is a great investment. Much better results in every segment vs peers and competitors, but also acquisitions to make the company even better. A clear BUY!

[johndoe23] 04/6/2021 10:36

Tipped by ST last evening in his column. Maintains 175p target price, highlighting discount to peers in the sector.

[scubadiverr] 26/5/2021 17:12

It's quite possible. Paul Scott has said before that his broker had confused to two on multiple occasions. Let's hope it is only that and they buy back tomorrow after realising thier mistake!

[indigocarmine] 26/5/2021 16:35

They all panic sold because they saw RBG had diluted massively at a discount. Unfortunately for them, they didn't see it was Revolution Bars Group, not RBGP. Ok, maybe that's not the reason, but nothing would surprise me anymore.

[scubadiverr] 26/5/2021 16:09

Most of mine are red today. Slightly frustrating this has dropped off. At the last Mello presentation the CEO said they were to meet with the broker to discuss projected numbers for memery crystal. I had thought this would have added a nice boost with a share price target above that of ST's but haven't seen anything yet. Anyone know if this note has been published, and if so what it says?

[its the oxman] 26/5/2021 15:55

Bit of selling pressure today for some reason.

[maddox] 17/5/2021 10:04

The legal services sector is uncorrelated with the economy and difficult to see any adverse effect from a rise in interest rates. Also, the forecast is that the inflationary effect is temporal and thus I doubt that any rise in interest rates would be more than marginal in any case. The Govt has piled on so much debt it'll see a rise as very unwelcome as it might require tax rises to give assurance to Mr Market.

[its the oxman] 16/5/2021 23:19

Time to add on this pull back?

[quepassa] 04/5/2021 07:55

Mischon de Reya likely to join ranks of quoted law firms in Q4 2021, according to FT reports. Likely market cap c. £750m with JPM advising.

This will be very good news for the quoted legal sector with such a heavy-weight London law form adding gravitas to the sector and focus institutional investor interest which hitherto remains slightly off-radar.

ALL IMO. DYOR.
QP

[scubadiverr] 28/4/2021 09:55

Interesting piece in the FT today on Litigation Finance, begrudgingly accepting its usefulness, including thoughts by our own Tets Ishikawa.. Warriors for social justice or profiteering ambulance chasers? The world of private litigation funding will rarely get a better case in their favour than the Post Office one.The verdict last week quashed the criminal convictions of 39 sub-postmasters. It was the culmination of years of legal wrangling and decades of injustice in which the state-owned Post Office criminalised hundreds of its own staff, ruining lives and livelihoods and causing untold heartache to those accused of false accounting because of flaws in the IT system.The former Post Office chief executive Paula Vennells this week stepped down from the boards of Wm Morrison and Dunelm, and from her duties as a Church of England minister. She had also sat on a group advising the Church on ethical investing.Under her leadership from 2012 to 2019 the Post Office took an aggressive legal strategy against a civil case brought by 550 sub-postmasters, dragging out litigation and driving up costs, even as evidence mounted that the Horizon system was at fault. It was the outcome of the civil case that unlocked last week’s result.On the other side of the scorched earth legal strategy was a team backed by a litigation fund, a type of case financing historically associated with the hedge fund world and sometimes derided as ethically questionable or even a threat to the legal system.The two are connected. High court battles are astronomically expensive. Defendants try to drive a wedge between claimants and third-party funders by running up costs and delaying tactics, in the hope the latter might walk. Funders, such as Therium in the Post Office case, face total loss if a case goes against them and can be called upon for more money as costs ratchet up (even as expected claims fall).That is one reason this type of funding doesn’t come cheap. Funders receive their investment back, plus a multiple of their costs or a share of the eventual award. Given that the “loser paysâ€? UK model rarely covers all legal costs, this also diminishes the pot left for the claimants.In the Post Office civil case, the sub-postmasters were left with £12m to share from a £58m settlement. Further civil cases are likely to follow.The reality is that without the grubby sounding involvement of profit-seeking money, this case and many others would never make it to court. Contingent fee deals â€" where lawyers effectively finance cases upfront through no win-no fee structures â€" are less common in the UK than in the US.Therium financed the unsuccessful lawsuit by 6,000 shareholders against Lloyds Banking Group over its 2008 acquisition of HBOS. More recently another fund, Harbour, backed the case to force insurers to pay out on business interruption policies during the pandemic.The sector’s image hasn’t been helped by questions around Burford Capital’s accounting practices, probed by shortseller Muddy Waters in 2019; nor arguably by its involvement in some high-profile divorce cases.Indeed, as more institutional money comes into the sector looking for uncorrelated returns, there is a danger of too much cash hunting for good cases. Only a tiny proportion of overall cases are third-party funded. But new figures from law firm RPC put the pipeline of cases and cash to be invested at £2bn, nearly four times the amount four years ago.Funders will need to be creative in seeking out new opportunities, argues RPC. The sector could usefully develop its pricing models to take on cases with claims of less than £10m-£20m, says Tets Ishikawa of Lionfish Litigation Finance, with most funding dollars now chasing the biggest cases.The further the sector moves beyond its commercial roots, the more calls there will be for regulation. The government in 2017 said the market was at an “early stage in its developmentâ€? and the industry argues that these are agreements between parties all represented by lawyers. But the effectiveness of a five-page code of conduct, a voluntary one at that, should be questioned as the sector grows in influence.Calls for greater scrutiny, though, have sometimes stemmed simply from a distaste for what is seen as an American concept infiltrating UK justice. For a start, the loser pays rule deters the type of ambulance-chasing claims seen in the US. And if the Post Office shows anything, it is that when it comes to challenging appalling behaviour by a deep-pocketed establishment entity, some private firepower is essential.

[fft] 27/4/2021 12:23

Another great presentation by Nicola. Expanding on all fronts and great one off potential from the contingent cases which is not included in estimates.

[johndoe23] 26/4/2021 18:41

Though he would upgrade his target price!

[toptomcat] 26/4/2021 17:43

Well, well, well 140p certainly did prove to be conservative. ST just upped his target to 175p and another positive update to follow

[scubadiverr] 26/4/2021 16:56

'Never say never, but I don't think you'll see us acquire another large law firm like this because we're not just in it to get bigger. The point is about making money.' I really love the vision, transparency and directness of our CEO

[flagon] 26/4/2021 13:55

Law Society Gazette

Comment by our CEO

Law firms too ‘risk averse’ to float
By Jemma Slingo 26 April 2021

[johndoe23] 23/4/2021 12:31

Looks like profit takers are gone, ready for next leg up maybe?Simon Thompson should cover this in his column next week...

[investing2retire] 23/4/2021 12:04

i was hoping to top up last few days at 120p but never got close. im happy enough though with current profits

[its the oxman] 23/4/2021 11:15

Break of 140p looks imminent, anyone got revised broker price targets, think we will be around 200p come year end myself.

[dubai123] 23/4/2021 10:54

Really good Q&A session just now . Simply a great company that has demonstrated the ability to source and deliver great acquisitions to drive growth .

[scubadiverr] 23/4/2021 10:47

I was trying to assist others who possibly had the same issue

[petewy] 23/4/2021 10:26

who cares scuba?

[scubadiverr] 23/4/2021 10:04

Logged in again and all good

[scubadiverr] 23/4/2021 10:03

My screen has frozen again. This time on 1 second to go. At least we've Mello if this doesn't go as planned