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Well Ive taken 75% profit in less than 2 months. Think theres every reason for positive trading to continue but just taking a few profits with markets in US looking a little toppy maybe?
Whoever Forensic is I hope for everyones sake he continues posting negativity, as its been great for the share price.
who knows who Forensic505 might be but despite implying it knows me ,it clearly doesn't because so much , almost everything , that is stated as fact is, untrue .If Forensic505 was really interested in the Company it might make direct contact and discover some real information rather than publishing false and defamatory statements. As you might if it is going to continue to make gratuitously offensive comments then steps will have to be taken to block its chat. If it has a personal issue with any individual at Rosenblatt then be brave and get in touch
Hurting from losing more money in MANO? How much is it now? Perhaps you should seek that professional fund manager?
Jammy
You are joking right? If you think that constitutes anything close to a coherent business plan with a serious business manager then you should seriously give up investing on your own account and hand your savings to a professional fund manager. I am doing you a real kindness here.
https://www.investormeetcompany.com/investor/meeting/introduction-to-litigation-finance
I suggest others watch the presentation for themselves and do their own research but it has been stated clearly numerous times the 1m was a one off, but again why let facts get in the way of your agenda?!?
Hi Jammy,
Rosenblatt - who I dealt with a lot in my working days, is very highly dependant on Ian Rosenblatt. He has fantastic connections but the caseflow is very dependant upon his shoulders. Which is presumably why he can keep demanding £1m pay-offs despite selling his business.
Convex has missed all targets and they are being paid on an eat what you kill basis. Strange as similar business in K3C seems to be doing really well.
I did some background on Tets Ishikawa. Most famous in the City for strip bars, recreational drugs and fast cars. He did a book on it apparently. He then tried setting up a number of litigation funding businesses, all of which failed e.g. Sparkle didnt shine too brightly. Watching the video today the CEO ended up admitting at the end that they are really just "seeding" Lionfish. Doesnt sound like she has much belief in it anymore. It wont be in the "group" in 24 months time, closed or quietly shuffled off.
The CEO is daughter of racing driver. He owned Brands Hatch and gave it to her.
You should do some research yourself, amazing what you can find.
Forensic (or not so)... Do Mano have any lunch of their own to eat at the moment with an extension to government measures?
You ask the question regarding why not just invest in Burford but you forget that Lionfish is just one component of the group. At the core is RBL, who have shown impressive YoY growth for a number of years and also Convex, who should show impressive growth from an upturn in M&A activity. This is a diversified, high margin group of businesses with a number of cost synergies.
A very good presentation in my opinion. It was the first time that I had heard Tets speak. Should anyone want to watch it can be found here:
https://www.investormeetcompany.com/investor/meeting/introduction-to-litigation-finance
Just watched their presentation on Litigation Funding.
They have obviously tried and failed to "eat Manolete's lunch" and admitted they cannot replicate that model. They now seem to be aiming at the small end of of Burford's market. That is an incredibly difficult space - see their own slide on Augusta (the number 1 player in that segment in the UK), they have been working that area for 4-5 years now and are still heavily loss making. Litigation is a long tail and expensive game - you need a big balance sheet and tonnes of cash, like Burford (who are the real masters of the global litigation market). So why not just invest in Burford if you want exposure ?