Automated Accounts Payable provider Glantus Holdings raises 14M and successfully floats on AIM. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLitigation Cap. Share News (LIT)

Share Price Information for Litigation Cap. (LIT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 96.00
Bid: 93.60
Ask: 94.40
Change: -5.50 (-5.42%)
Spread: 0.80 (0.85%)
Open: 100.50
High: 100.50
Low: 93.60
Yest. Close: 101.50
LIT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Litigation Capital executes finance agreement with building contractor

Mon, 24th Aug 2020 11:21

(Sharecast News) - Dispute financing company Litigation Capital Management (LCM) has executed a portfolio finance agreement, it announced on Monday, to provide a "significant" finance facility to a subsidiary of a global building and infrastructure contractor, to fund a portfolio of its construction claims.
The AIM-traded firm said the large corporate portfolio transaction involved an agreement to fund up to 20 separate claims, subject to the satisfactory completion by LCM of its due diligence, seated in territories ranging from Dubai to London.

It said the transaction was originated through the company's strategic alliance with Norton Rose Fulbright, and involved members of LCM's team from Sydney, London and a specialist team established in the United Arab Emirates.

LCM said it was the only participant in the disputes finance market originating and executing corporate portfolio transactions of such magnitude, which the board said demonstrated its ability to create "innovative and bespoke" legal financing solutions that met the needs of the corporate.

As it announced on 10 July, LCM achieved four resolutions in both its building and construction portfolio and its aviation portfolio during the financial year ended 30 June, with its investment strategy of providing disputes finance on a portfolio basis continuing to deliver strong metrics for LCM.

"We are delighted to be announcing a further corporate portfolio transaction which originated as the result of our important relationship with Norton Rose Fulbright," said chief executive officer Patrick Moloney.

"LCM has the most experienced team in the market for originating and executing such transactions which, as an investment strategy, has proven to achieve strong and consistent returns within a shorter time frame compared with traditional single-case investments."

At 1530 BST, shares in Litigation Capital Management were up 7.44% at 78p.

More News

Tuesday broker round-up

(Sharecast News) - Fevertree: Barclays upgrades to buy with a target price of 2,500p.

23 Mar 21 13:12

Litigation Capital secures new $50m credit facility

(Sharecast News) - Alternate asset manager and dispute financier Litigation Capital Management announced on Monday that it has secured a $50m credit facility with Northleaf Capital Partners, to provide it with additional investment capital.

22 Feb 21 14:29

Litigation Capital executes finance agreement with building contractor

(Sharecast News) - Dispute financing company Litigation Capital Management (LCM) has executed a portfolio finance agreement, it announced on Monday, to provide a "significant" finance facility to a subsidiary of a global building and infrastructure contractor, to fund a portfolio of its construction claims.

24 Aug 20 11:21

Litigation Capital Management flags delays in court proceedings

(Sharecast News) - Dispute financing specialist Litigation Capital Management updated the market on its recent trading on Friday, reporting "consistent performance" since its half-year results, which it said was reflected in its nine-year portfolio return on invested capital of 134%, and its cumulative portfolio internal rate of return of 78%.

10 Jul 20 08:51

Litigation Capital prepared for new Australian regulations

(Sharecast News) - Dispute financing company Litigation Capital Management responded to an announcement from Australia's federal treasurer Josh Frydenberg on Tuesday, that litigation funders operating in the country would be subject to new regulation requiring them to obtain and maintain an Australian Financial Services License (AFSL).

26 May 20 12:54

Litigation Capital Management concludes joint venture with Vannin

(Sharecast News) - Disputes financing company Litigation Capital Management announced the conclusion of its joint venture arrangement with Vannin Capital, and associated profit of AUD 2.45m (?1.25m) on Monday.

20 Apr 20 12:13

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 4 September Oxford BiomedicaHalf Year ResultsDunelm GroupFull Year Year Income

3 Sep 19 16:17

Litigation Capital Management to fund Aussie case

(Sharecast News) - Litigation financing solutions provider Litigation Capital Management entered into an agreement to provide litigation finance in relation to proceedings which were currently being undertaken in Australasia, it announced on Monday.

14 Jan 19 12:43

UPDATE 1-In Italy, activist investors find a happy hunting ground

* Elliott move into Telecom Italia part of trend * Activists shaking up once cosy Italian system * Families and politics still provide obstacles (Adds proportion of institutional in

29 Mar 18 15:53

In Italy, activist investors find a happy hunting ground

* Elliott move into Telecom Italia part of trend * Activists shaking up once cosy Italian system * Families and politics still provide obstacles By Maria Pia March 29 - When a

29 Mar 18 13:23

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.