FYI this came out in the AFR today; https://www.copyright link/companies/professional-services/cap-on-payouts-for-class-action-funders-and-lawyers-20210929-p58vr0
Gov is looking at capping returns to 30 percent as a general rule. Funders can still argue for more but must make a court application it seems.
Its a double edged sword for Omni as it looks like common fund orders may also be ended. This would suit Omni as it has one of the best book building tech and track record.
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$1.44 |
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-0.020(1.37%) |
Mkt cap ! $413.9M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.46 | $1.43 | $147.9K | 102.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3703 | $1.35 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 10000 | 1 |
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| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| OBL (ASX) Chart |