Burford capital listed in London was doing well until their aggressive accounting caused them some issues.
OBL uses conservative accounting.
Litigation capital management is another listed company (on LSE/AIM) that is travelling a similar path to OBL
The current CEO of OBL has grown FUM to $2.2b under his tenure and is targeting $5b by 2025.
Assuming cases take 3 to 4 years to conclude. And they make similar ROIC as previously... Imagine the performance fees on $5b
Im also invested in litigation capital management and their performance fees are 35% which is incredible... So these funders are building the foundations for a good future. Market just needs to see further out than the next 6 month profit result...
OBL inconsistent profits, page-8
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Last
$1.09 |
Change
-0.030(2.68%) |
Mkt cap ! $308.0M | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.13 | $1.09 | $129.6K | 118.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 302 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 2005 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| OBL (ASX) Chart |