OBL 7.92% 93.0¢ omni bridgeway limited

Unbelievable Bargain, page-14

  1. 7,449 Posts.
    lightbulb Created with Sketch. 1
    Troubled companies is not Bentham IMF business! Rather it makes trouble for companies.

    Bentham IMF funds litigation on usually larger mass tort cases, or what the US calls "class actions", but not necessarily so...

    So it funds plaintiff's, usually collectively, and then charges those plaintiffs, on a "contingent fee" - meaning they only charge plaintiffs, if there is a successful outcome, either through a court OR more usually in out of court settlements.

    Usually it does this 'wholesale' as it were, by standing behind practicing attorneys. who then on solicit the plaintiffs.

    For instance, in the Wivenhoe 2011 flooding of Brisbane, the lawyers interacting with the thousands of plaintiffs is Maurice Blackburn, but IMF has done all the legal research to establish South East Queensland Water's / and the State of Queenslands culpability, and are the ones who have vetted the pursuit of the legal action. Five years later, and nothing has come to court, yet.

    So it's a damned slow process.

    In their words their principal activity is 'the investigation, management & funding of litigation.'

    [Bugger the 3 minute RULE!]
 
watchlist Created with Sketch. Add OBL (ASX) to my watchlist
(20min delay)
Last
93.0¢
Change
-0.080(7.92%)
Mkt cap ! $262.8M
Open High Low Value Volume
$1.05 $1.06 89.0¢ $1.326M 1.432M

Buyers (Bids)

No. Vol. Price($)
1 52 92.5¢
 

Sellers (Offers)

Price($) Vol. No.
93.5¢ 2500 1
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
OBL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.