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Was reading today's report from "abrdn Equity Income Trust" and noticed LIT listed there as part of portfolio, it looks like there weren't any changes since previous interims for their position here (since total valuation % drop roughly the same as sp reduction).
Thank you, appreciate that.
You might overestimate.
Need to check presentations but rough idea.
Lcm contribute 3
3rd party 9
Total 12.
Assuming return of c3.
Lcm get 3x3 = 9
Lcm get about 25pct of 9x3 = 25% 27 = 6.5
So 15.5 on investing 3.
Still great but you are including gains to 3rd party investors
£12m invested x3/4 = £30/40m?
How do you derive that?. Can you put your calc in?.
Remember if we coinvest 75pct on capital of 3rd party. Can you add your calc
Thanks, so £30 or £40m - still very decent from year lows.
Ceo has told market normally multiple of investment. This changes with time. Up to about 4x i think.
Or a cut of winnings up to around 25/30%.
For larger claims, such as kpmg said multiple on capital. Queensland power class action claiming 1bn aud on 25pct of proceeds
I would guess it is multiple of invested capital.
It the number is too big and good to be true it probably multiple on capital.
They do not disclose case by case so be conservative. Still good enough
Anyone know how much LIT stands to gain from a successful Greenx outcome? Is it as much as a third? They stated they have claimed for £700m! Even half that should see us return a large sum? 68p year low and chairman buys £280k shares is noteworthy.
Apologies, A$50m.
Nice rise, today, company seems to be way under valued at £89m against cash of £50m and expecting £200m from Poland ruling. Is that correct? Seems nuts.
backed up another truck and picked up £260kish this time, he must have a lot of confidence with good reason to be constantly pumping in large sums like this, serious skin in the game, just what we want to see!
I'm still topping up with any spare dividends that come in as long as this is below a quid, I have an initial target of £3 in 2-3 years and could go double that further out with any luck, plus not really affected by any recession, at least not business wise, may keep the share price supressed of course until the value cant be ignored any longer on some big results.
please disregard my error. it is just stating another area has same issue as bullsbrook.
i could not delete so issuing correction,
https://www.lcmfinance.com/court-notices/
First of our areas is bullsbrook same as in article
I think this is related to one of our class actions.
We have i think 7 areas in the PFAS class action
One is bullsbrook.
Contamination confirmed from pearce air base Bullsbrook. They have advised people not to use groundwater directly, or in their garden or swimming pools.
Airport gave them water to drink!.
https://www.6pr.com.au/residents-living-in-fear-after-jandakot-airport-warns-of-toxic-water/
Just says price target of broker is 3x curent level
Any price target.
Do you have details of write up
new in the sense the court has just approved it. Old in the sense settlement terms between the counterparties was agreed some time ago.
until the court validates it, you can't bank it...
this is old news? 3 months ago it was reported they were going to settle.
so the Suncorp Class action has just been approved by the courts for settlement. Do LIT bother releasing news to this effect or is this one non-material?
https://www.supremecourt.justice.nsw.gov.au/Documents/Class%20Actions/Suncorp%20Super%20-%20Quirk/55_Judgment.pdf
Some background on the Amazon case:
https://www.theregister.com/2022/10/20/amazon_uk_buy_box_tribunal/
It is the harvard endowment fund. They are very sophisticated. It came out in past interviews.
Only certain pension funds have some of their assets in instruments that had a margin call because if this mess. Apparently this is very UK biased too, due to the type of pension.
One of the largest pension funds that have invested in LIT fund is a North American one - I seem to recall it was a teachers pension fund that has put money into both funds.
Pension funds understand their liabilities decades in advance based on members age , retirement age , mortality rates, this does allow them to tie up assets for a period of time (exactly what they do when buying 30 years bonds).
An LIT fund would be seen as higher risk for a pension fund as the sum invested isn’t guaranteed (bonds more or less are, property has historically been stable over the long term) and this is where their track record on returns is important.
Not entirely clear what the lawsuit is about - is it over compensation for illegal mining? Anyhow, today's announcement taking on Amazon should raise LIT's profile, though I wonder about the prospects for success.
check this one out. One of the cases we are funding:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02582533-6A1115501?access_token=83ff96335c2d45a094df02a206a39ff4
Looking at recent market and monetary policy (BoE) developments - no, they can't, in fact currently they're going through some sort of liquidity crisis and are dumping assets into already depressed markets.