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Juridica reports considerable loss amid run-off strategy

Thu, 31st Mar 2016 16:39

(ShareCast News) - Juridica reported a considerable loss for the 2015 calendar year on Thursday, and it pressed on with its strategy of running off its investments and avoiding any new acquisitions.The AIM-traded provider of strategic capital for corporate legal claims reported a total comprehensive loss of $49.2m (£34.2m), though a substantial part of that was indicated at the time of its interim results.Juridica had declared an interim dividend of 5p per share, payable on 30 December 2015, though in accordance with the run-off strategy the board had adopted it said it was carefully considering the timing and amount of future dividends.At year-end, Juridica's net asset value per ordinary share was $1.14 or 77p, down from $1.66 or 107p per share in 2014."The board of directors announced on 18 November 2015, that it would not make any new investments (other than further funding of existing investments where such funding was reasonably required in the interests of shareholders); and that it would seek to return capital to shareholders in the most appropriate manner, following the completion of investments (the 'run-off strategy')," Juridica's board explained in a statement.The firm as 15 investments current at year-end, with eight of those involving litigation. Five of them were in either pre-litigation or Special Purpose Vehicle in relation to patent monetisation, one had elements of both litigation and SPV patent monetisation, and one pertained to revenue rights associated with a coal mine."A considerable portfolio of litigation remains and there are other investments that require active management in varying degrees," the board stated.
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6 Sep 2018 18:23

Juridica Seeks To Wind-Up After Net Asset Value Drops In First-Half

LONDON (Alliance News) - Juridica Investments Ltd said Thursday that the benefits of winding-up the company are currently outweighing the costs of continuing its operations and therefore it is to

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4 Apr 2018 12:41

Juridica Swings To 2017 Income, But Net Asset Value Continues To Fall

LONDON (Alliance News) - Juridica Investments Ltd on Wednesday swung to profit in its recently finished financial year, but net asset value continued to dive.Juridica a

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18 Jan 2017 09:33

Juridica Says Sale Of Investment Manager Does Not Impact Run-Off Plans

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8 Sep 2016 11:18

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9 May 2016 11:14

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11 Apr 2016 13:58

Juridica wins settlement on two investee cases

(ShareCast News) - Juridica Investments told investors to look forward to a bit more cash on Monday, announcing the settlement of two of its investee cases. The AIM-traded provider of strategic capital for corporate legal claims to businesses and the legal markets said one of the cases was a definit

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11 Apr 2016 09:57

Juridica Investments Set To Get USD65 Million From Two Portfolio Cases

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31 Mar 2016 11:59

Juridica Investments Loss Widens In 2015; Net Assets Per Share Decline

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16 Mar 2016 07:31

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16 Mar 2016 07:31

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8 Feb 2016 11:26

Juridica Investments To Cut Company Costs By USD900,000 In 2016

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18 Nov 2015 08:08

Juridica To Stop Making New Investments, Return Funds To Shareholders

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