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.
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Last
$1.00 |
Change
-0.005(0.50%) |
Mkt cap ! $282.5M |
Open | High | Low | Value | Volume |
$1.01 | $1.02 | 98.5¢ | $407.5K | 407.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10196 | $1.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.01 | 96 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10196 | 1.000 |
3 | 17300 | 0.995 |
3 | 5320 | 0.990 |
1 | 3920 | 0.985 |
2 | 33423 | 0.960 |
Price($) | Vol. | No. |
---|---|---|
1.005 | 96 | 1 |
1.015 | 3920 | 1 |
1.020 | 3920 | 1 |
1.030 | 20000 | 2 |
1.040 | 13300 | 1 |
Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
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