It will be interesting what the board does now that Saker is gone.
Litigation funding is still a fundamentally lucrative business (high ROI and uncorrelated to other investments).
The problem is this value has been negotiated away to the NCI. As OBL stands today though its still a high quality "sourcer" of litigation funding assets. I can't help thinking that someone like Burford would be eyeing off the assets at the current valuation.
Buy the "sourcer" and internally finance going forward and this would be a bargain purchase for them. I cant help thinking if Burford did make an offer that Fortress or one of the other managers benefiting massively at the moment would counter-bid. ATM they don't need to bid or make a move while they can just capture the profits through structuring but I don't feel they would want to give up easily if Burford did come knocking.
- Forums
- ASX - By Stock
- Ann: Final Director's Interest Notice
It will be interesting what the board does now that Saker is...
Featured News
Add OBL (ASX) to my watchlist
(20min delay)
|
|||||
Last
88.5¢ |
Change
0.110(14.2%) |
Mkt cap ! $250.0M |
Open | High | Low | Value | Volume |
79.0¢ | 88.8¢ | 79.0¢ | $1.863M | 2.172M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7673 | 86.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.5¢ | 21717 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7673 | 0.865 |
1 | 5673 | 0.860 |
1 | 5673 | 0.855 |
2 | 10673 | 0.850 |
1 | 10000 | 0.840 |
Price($) | Vol. | No. |
---|---|---|
0.885 | 21717 | 1 |
0.890 | 12593 | 4 |
0.895 | 5673 | 1 |
0.900 | 26709 | 3 |
0.905 | 5673 | 1 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
|
|||||
Last
88.0¢ |
  |
Change
0.110 ( 13.5 %) |
|||
Open | High | Low | Volume | ||
79.0¢ | 88.5¢ | 79.0¢ | 371781 | ||
Last updated 15.59pm 22/05/2024 ? |
Featured News
OBL (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online