Apologies the formatting of that post came out terribly. But you get the gist of it.
Litigation finance is still a very lucrative industry and uncorrelated to the equity market / economic cycle etc so very attractive.
If their is a silver lining for shareholder its that this move to funds management model has allowed OBL to scale up their platform (by platform I mean the platform that sources litigation funding assets). This is a good platform (the platform can be improved operationally - that's a separate discussion) but poorly funded business which is why the share price is where it is. I think it can turn around.
OBL Only and Fair Value reporting, page-3
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Last
$1.11 |
Change
0.075(7.25%) |
Mkt cap ! $313.6M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.12 | $1.05 | $376.9K | 343.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 500 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| OBL (ASX) Chart |