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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- Ann: Final Director's Interest Notice
Ann: Final Director's Interest Notice, page-3
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Last
$1.11 |
Change
0.050(4.72%) |
Mkt cap ! $313.6M |
Open | High | Low | Value | Volume |
$1.06 | $1.15 | $1.05 | $670.2K | 605.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13002 | $1.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.13 | 2795 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8480 | 1.065 |
1 | 6500 | 0.945 |
1 | 556 | 0.900 |
1 | 22000 | 0.870 |
1 | 3400 | 0.860 |
Price($) | Vol. | No. |
---|---|---|
1.150 | 18756 | 3 |
1.190 | 3000 | 1 |
1.200 | 16720 | 2 |
1.250 | 11000 | 2 |
1.280 | 800 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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