well spotted. but if that is the reason, then sellers are pretty short sighted. it was not long ago that funders didn't need an AFSL and this company was killing it. first mover advantage, existing relationships with law firms are both huge. in the big dollar cases (class actions) the law firm picks the funder and the clients climb on board so there is less need to compete on price of funding. Australian cases also making up an increasingly small proportion of total case mix. I'm buying more on the dip.
Ann: Brisbane Floods Class Action - Settlement Approval, page-6
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Last
$1.44 |
Change
0.010(0.70%) |
Mkt cap ! $413.9M | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.46 | $1.41 | $238.4K | 166.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5758 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 3500 | 1 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| OBL (ASX) Chart |