LCA 0.00% 91.0¢ litigation capital management limited

I haven't looked at IMF for a while but I was waiting for the...

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    I haven't looked at IMF for a while but I was waiting for the outcome of their big cases - Wivenhoe was due late last year so that cant be far away.  I think on a risk adjusted basis that decision will hurt the share price either way unless they get a resounding win because it has been a drawn out affair with a lot of costs.  The best cases are like the recent LCA win where they settled within a week without spending anything although it was obviously the exception to the rule.

    The other thing I want to see from IMF is dealflow (case flow).  Cases are like blood to these businesses and the "overheads to cases" over at IMF was beyond a joke when I sold a few years ago.  

    The other reason in my opinion why IMF never scaled into a Burford was their very high cost of capital due to their poor deal with Fortress.  I did read the recent announcement that they have secured better terms on their most recent raising but I haven't had time to look into the detail. Has anyone else that follows the sector looked at IMF recently? 
 
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