13 Apr 2015 15:01
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Don't have an account? Click here to register.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.
More News
17 Mar 2015 15:06
Juridica swings to annual loss but remains confident in future investments
Rising expenses due to performance fees paid to a separate company saw Juridica Investment swing to an annual loss of $5m (£3.37m) in 2014. Having posted a net profit of $5.1m in 2013, the company, which invests capital in corporate legal claims, reported a fully diluted loss of 4.49 cents per share
Read more7 Apr 2014 10:04
DIRECTOR DEALINGS: Juridica Investments Richard Fields Buys Shares
LONDON (Alliance News) - Juridica Investments Ltd Monday said that Richard Fields, Chairman and Chief Executive of the company's investment manager, Juridica Capital Management Ltd, bought 25,000 shares on April 4 at a price of 131 pence per share. Fields now holds a total of 832,090 shares
Read more21 Mar 2014 09:23
Juridica Investments NAV Falls In 2013
LONDON (Alliance News) - Juridica Investments Ltd Friday said its net asset value fell in 2013, largely due to a huge drop in profits for the year. Juridica, a provider of strategic capital for corporate legal claims to both businesses and the legal markets, declared a total dividend of 14.
Read more19 Aug 2013 08:45
Juridica first half losses increase but cash returns fuel dividends
Juridica Investments reported a loss for the first half of the year but realised a sizeable chunk of cash from court settlements. The US business-to-business legal claims investor saw net asset value per share decrease 1.4% to $2.17 due to a total comprehensive loss of $3m from fund operating exp
Read more16 Apr 2013 20:55
CORRECTED-YOUR MONEY-Financing options open up for costly divorces
(Removes what was the 23rd paragraph to correct a reference to Balance Point referring clients to Chruchill.) By Geoff Williams and Beth Pinsker NEW YORK, April 12 (Reuters) - When big dollars are at stake in a divorce settlement - a situation faced by billionaire oilman Harold Hamm a
Read more16 Apr 2013 14:14
CORRECTED-YOUR MONEY-Financing options open up for costly divorces
(In the 12th paragraph and subsequent references, corrects the spelling of Stacey Napp, and in the 23rd paragaraph, removes reference to Balance Point making smaller loans than Churchill.) By Geoff Williams and Beth Pinsker NEW YORK, April 12 (Reuters) - When big dollars are at stake
Read more11 Apr 2013 15:07
Litigation fund Burford raises dividend after profit doubles
* Adjusted 2012 pretax profit $34.1 mln vs $15.9 mln yr ago * Proposes dividend of 4.76 cents/share vs 3.66 * Shares up 3.6 pct By Clare Hutchison LONDON, April 11 (Reuters) - Burford Capital, a London-listed fund that finances lawsuits in return for a cut of any payouts,
Read more15 Mar 2013 08:01
Juridica Investments posts increase in annual profits
Corporate claims finance company Juridica Investments revealed a significant rise in annual profits as case activity grew. The company, which provides capital to businesses for the financing of corporate claims, said total cash profit from case activity rocketed 195% to $38.1m, compared to $12.9m t
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