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Cash balance needs to catch up with market cap before vaccine become ubiquitous....
Reminds me of the brother from Sicily suddenly turning up in the Godfather 2 lol !
Lol to be fair these are all the Non Execs. Not paid a lot. After tax this represents about 40% of their annual fee. All relative I suppose ! :-)
Hi Chris,
Yes it does seem to conflate two issues: pay and deferred consideration. I was impressed with the £525k fee and I think many of us are aware of the large amount of PE money looking to invest, so it would be very very good to see this element work of course becuase they did have a good track record it would appear. Just getting the motivation right will be crucial. Convex were independent before so they might like that structure if they dont feel loved. I have seen that in other people-buisnesses. Very hard to get it spot on. They have stuck together through a lot already it would be good to come out the otherside where there should be lots of opportunities. How long we are stuck in lockdown limbo though - who knows...Best of luck
Wish them the very best (and CEO seems like a genuinely nice guy) but big valuation already for the "hope" for me.
Large Saudi Sovereign Wealth Fund heavily invested (Mithaq, same investor is largest shareholder in Burford) and all sellers looked cleared. Mithaq doubled shareholding in Burford recently i think, after the NYSE dual listing. Interesting.
That Game Shop (spelling?) situation in the USA is very interesting. The PIs ganging up to squeeze the hedge funds out. People power ! :-)
Aggressive little JammyC again ! As I said below I am looking at buying back in. The lockdown is getting to you love !
Not how I read the RNS but maybe you know more. Do you work for the company ?
Law firm performed well (as per quoted comparables) but Convex is clearly a dead duck. Staff not being paid. Have seen this before, they will all leave as soon as market improves. LionFish - RBGP have been saying they are doing litigation funding since the IPO in 2018, so 7 cases in a year is very weak. They obviously don’t have the capital base to play a role in that sector. If they just focused on being a law firm this might become attractive as sp still far below IPO price.
Scratching my head as to what has gone wrong here ??
Only thing I can think of is that Courts have slowed down a lot in the USA, therefore delaying resolutions and cash recoveries? But you would have thought the demand for Lit Finance would be at record levels....
But where is the second fund ? They said they would announce last year....Getting worried and not seeing any RNS on case wins, which they used to do and were really helpful.
Looks like the seller (Miton someone said) has dried up. Strong stream of pretty large buys coming through last few days. Is there a better company on the stock market than MANO to benefit from the Covid-19 impact on company insolvencies ? Think this should recover strongly now so I am topping up but DYOR as ever please and best of luck. Then off to make sourdough - hopefully that will rise just as nicely !
Good to see
This looks like its in strong breakout territory now (not before time).
Many thanks JammyC
Information void is a little unsettling. They made good progress on last set of results but wonder whether they are about to report another "quiet period"...
Reliance on Click and Collect is a concern if restrictions increase
Agreed. A trading update would be useful (and quite normal for most companies as they pass a reporting period end).
This has been highly undervalued for a long time now. They had to seriously address the executive board but that has been done now. So great model, with a top management team now in place. Rise today confirms my analysis so I have doubled my investment. This should be back up to 350p in short order. DYOR as ever.